NORTHCLIFF ANNOUNCES FUNDING TO ACCELERATE DEVELOPMENT OF THE SISSON CRITICAL MINERALS PROJECT

Canadian Tungsten to Address Critical Mineral Supply Chain Vulnerability

VANCOUVER, BC, May 1, 2025 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce the United States Department of Defense ("US DoD") has awarded the Company a US$15 million (~C$20.7 million) award under the Defense Production Act ("DPA") Title III program to expand tungsten's domestic capacity, sustainment of its critical production and address vulnerability in the Critical Minerals supply chain in the United States and Canada. This important non-share dilutive funding will allow Northcliff to advance the Sisson Tungsten-Molybdenum Project in Canada (the "Sisson Project") toward a project construction decision. The Company has also obtained conditional funding from the Government of Canada, pending due diligence, under Natural Resources Canada's Global Partnerships Initiative for up to C$8.2 million (~US$5.9 million) to support the project.