In March of 2007, Rockcliff began its acquisition process and eventually acquired a significant, “district size” land package in the Snow Lake area. Our Snow Lake VMS Project now covers over 1,800 square kilometres of favorable, prospective geology to host VMS style deposits located within the Flin Flon Greenstone Belt, Manitoba. The belt is one of the most prolific and the largest Proterozoic VMS district in the world. We completed property deals with HudBay Minerals and a prospecting syndicate, acquired Mineral Exploration Licenses (MEL) from the Province of Manitoba and staked crown lands. Rockcliff is presently the second largest landholder in the belt behind HudBay Minerals. Our project presently hosts five historical (non NI 43-101 compliant) VMS deposits rich in copper, zinc, gold and silver (Table 1).

Table 1: Rockcliff’s Five Historical VMS Deposits (non NI 43-101 compliant)

In November 2007, Rockcliff completed an independent NI 43-101 Technical Report on the Snow Lake VMS Project. This report recommended $9.7M of exploration to be conducted on the project in 2008. It also concluded that the deposits have excellent potential to expand beyond their historical resources and that all of the deposits are open along strike and at depth. Furthermore, the report concluded that excellent potential to discover additional VMS-type targets exists throughout the project area. The recommended exploration program for 2008 included 10,000 line kilometres of airborne geophysics, deep penetrating EM geophysical surveys over the historical deposits, and 35,000 metres of resource definition and reconnaissance diamond drilling.

Additional areas with underexplored VMS potential are located under a thin (<100 metres) cover of sedimentary rocks located in the southern part of the project area. This area is known to contain a large volume of “juvenile arc rocks” which are the same type of rocks that host all of the VMS mines in the belt north of the sedimentary cover. Two of Rockcliff’s present deposits (Kof and Sylvia) and the former Spruce Point Mine are associated with juvenile arc rocks under this sedimentary cover. This fact provides significant evidence of the untapped potential for additional VMS discoveries in this underexplored area below the cover.

Also, VMS potential occurs on the properties within the project area located in very close proximity to HudBay Minerals recently discovered Lalor Lake VMS Deposit. It is a world class deposit estimated to contain 20 million tonnes of high grade zinc, copper and precious metals. Rockcliff has acquired by staking two properties (Squall and Tramping Lake) which are located to within 6 km north and south of the deposit. Both properties host underexplored juvenile arc rocks and remain excellent properties with VMS potential.

By April 2008, Rockcliff completed its first phase exploration program at the Snow lake VMS Project. It included:

•  9,633 line km of high resolution airborne magnetic and VTEM surveys covering 70% of the project area

• Surface, deep penetrating geophysical pulse EM surveys over two (Rail, Reed)VMS deposits

• Drilled 5,871m in 27 holes on the Rail Property

• Drilled 1,651m in 7 holes on the Kof Property

• Drilled 794m in 4 holes on the Sylvia Property

Interpretation and Prioritization of VTEM Targets:
To date, the ongoing geophysical prioritization program of the VTEM Survey has been completed on the Lon Property representing 651 line km of the 9,633 line km survey. The VTEM survey was completed by Geotech Ltd of Aurora, Ontario. At Lon, it has identified a minimum of sixteen high priority airborne targets. The high priority airborne targets are all associated with juvenile arc assemblage rocks, the same type of rocks that host all of the VMS (copper, zinc, gold and silver) mines in the Flin Flon and Snow Lake camps. Of importance is the fact that one of the sixteen targets identified in the survey covers the historical Lon Cu-Zn Deposit and the remaining targets all have similar geophysical characteristics as the Lon Deposit geophysical characteristics.

First Phase Drill Results
The Company’s first phase drill program has now been completed in which 38 drill holes totaling 8,300m tested VMS (copper, zinc, gold and silver) mineralization on three properties at the Snow Lake VMS Project. Twenty-seven holes were completed at the Rail Property, seven holes at the Kof Property and four holes at the Sylvia Property. A total of 33 drill holes intersected significant VMS mineralization. All VMS zones intersected in the drilling are open along strike and at depth and are worthy of additional drilling.

Some of the highlights from the first phase drill program are outlined below.

Rail Property:

• 2.35m grading 5.02% Cu, 1.28% Zn, 1.26g/t Au

• 2.51m grading 3.53% Cu, 1.58% Zn, 0.44g/t Au

• 3.57m grading 3.89% Cu, 1.65% Zn, 0.79g/t Au

• 3.96m grading 3.61% Cu, 0.09% Zn, 0.72g/t Au

• 2.29m grading 3.57% Cu, 0.15% Zn, 0.72g/t Au

• 5.11m grading 4.31% Cu, 2.68% Zn, 0.61g

Kof Property:

• 15.24m grading 1.84% Cu, 0.30g/t Au, 7.6g/t Ag including
  4.58m grading 2.39% Cu, 0.35g/t Au, 7.2g/t Ag

• 6.10m grading 1.49% Cu, 0.91g/t Au, 7.8g/t Ag including
  1.52m grading 3.26% Cu, 2.26g/t Au, 14.0g/t Ag

Sylvia Property

• 4.27m grading 3.10% Cu, 0.66% Zn, 0.46g/t Au, 27.7 g/t Ag including
  2.08m grading 4.70% Cu, 0.04% Zn, 0.68g/t Au, 32.4g/t Ag

• 3.14m grading 2.08% Cu, 3.23% Zn, 1.30g/t Au, 43.3g/t Ag including
  0.30m grading 11.67% Cu, 2.56% Zn, 1.88g/t Au, 128.g/t Ag