Mr. John Theobald reports

HIGHCLIFF METALS ANNOUNCES PRIVATE PLACEMENT OF UP TO $1,250,000

Highcliff Metals Corp. has arranged a non-brokered private placement financing of up to 14,705,882 common shares at a price of 8.5 cents per share for total proceeds of up to $1.25-million.

The securities under the offering will be subject to restrictions on resale expiring four months and day after issue. The company may pay registered finders fees in cash and/or share purchase warrants.

The company intends to use the net proceeds of the offering for general working capital purposes, corporate indebtedness and any costs associated with seeking out a new business.

Closing of the offering is subject to acceptance of the TSX Venture Exchange.

About Highcliff Metals Corp.

The company currently has no mineral properties and will seek out to identify and acquire a new business.

We seek Safe Harbor.