Significant Position In Aurora District Acquired

VANCOUVER - George Sanders, President of Goldcliff Resource Corporation, reported that, “An option agreement with Nevada Select Royalty, Inc., a wholly owned subsidiary of Ely Gold Royalties Inc., to purchase a 100% interest in the Aurora West property located in Mineral County, Nevada. The Aurora West property consists of 51 claims and is contiguous with the northwest portion of the main Aurora district claims.

In the Aurora district, epithermal deposits form along a pronounced NE regional trend. Bonanza grades were mined where these north-east structures were intersected by north-south structures. On the Aurora West claims, the Sawtooth Ridge target is located immediately northwest of the northernmost bonanza vein deposits in the Aurora district. The target consists of a large 1.5 square mile area of high-level opaline, chalcedonic silica and argillic alteration, hosted by rhyolitic tuffs, flows and shallow intrusive domes. A series of northeast and north trending faults transect the area. The target occurs stratigraphically and structurally above the productive andesite host units of the main district, and may represent the intact portion of the epithermal system, with uneroded and unmined bonanza veins at depth below the high-level alteration.