2021 loan by issuing 23,655,914 shares to Todd Sisson (NZ) Limited

VANCOUVER, BC, Jan. 17, 2023 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) announces, further to its June 23, 2022, August 18, 2022, August 24, 2022 and September 14, 2022 news releases, that it has settled the second tranche of $500,000 plus accrued interest of the $1,000,000 2021 loan by issuing 23,655,914 shares to Todd Sisson (NZ) Limited ("Todd"), a subsidiary of the Todd Corporation, the Company's largest shareholder.

Todd now holds 143,794,986 shares or a 56.23% interest in Northcliff.

About Northcliff Resources Ltd.

Northcliff is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at www.northcliffresources.com. Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors Andrew Ing President & CEO

SOURCE Northcliff Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/January2023/17/c5846.html

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For further information: Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.

CO: Northcliff Resources Ltd.

CNW 07:45e 17-JAN-23