NORTHCLIFF ANNOUNCES EXTENSION TO LOAN FINANCING MATURITY

Northcliff Resources Ltd. has secured a two-month extension on its existing $3.5 million loan facility with Todd Sisson (NZ) Limited, a subsidiary of the Todd Corporation and the company's largest shareholder. The loan maturity has been pushed from March 12, 2026 to May 12, 2026, while all other material terms and conditions remain unchanged from the original agreement established in September 2025.

This extension provides Northcliff with additional breathing room to manage its debt obligations and potentially explore alternative financing arrangements. The fact that the extension comes from the company's largest shareholder suggests continued support from key stakeholders, though the relatively short two-month extension indicates this may be a bridging measure rather than a long-term solution.

For the mining sector, this type of loan extension is relatively routine corporate housekeeping, particularly when arranged with supportive major shareholders. The unchanged terms suggest the relationship between Northcliff and Todd Corporation remains stable, providing some financial certainty as the company continues its operations. The extension may allow time for improved market conditions or the completion of other strategic initiatives that could strengthen the company's financial position.