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January 5th, 2004 Drilling Contracts Finalized Alpine, Utah. January 5th, 2005. Clifton Mining Company Drilling contracts have now been finalized, with 50-70 definition drill holes contracted for in the Kiewit Gold Zone. The drill roads and pads are now being cut. Construction of the new roads and pads will be completed so that drilling can begin in February. Kiewit Project Definition Drilling The drill contract includes 20,000 feet of reverse circulation drilling as well as 4,000 feet of core drilling. This will advance the Kiewit Gold Zone toward a feasibility study and a proven/probable resource. Said Keith Moeller, VP, "There has been much discussion as to how many millions of ounces of gold the Kiewit property will hold. When this drilling is complete we will have a very good idea of just how much gold is there. Current estimates based on the work and drilling completed so far estimate that the deposit could contain between 3-6 million ounces of gold, which would make it a world class deposit." Other Drilling Along with the delineation drilling on the Kiewit Gold Zone, preliminary drilling will begin on other targets that have been discovered by surface sampling and geochemistry. This work suggests the potential for large deposits. New Shareholder Purchase Price for ASAP A new shareholder arrangement has just been approved by ABL management, in which Clifton shareholders will continue to be able to purchase the ASAP 10 ppm silver product in a special case lot price. In the new agreement which will start on February 1st, 2005, shareholders who are not buying the product for resale, but for their own personal, friend, and or family use, will be able to purchase the ASAP 8 oz/10ppm solution, in case lots of 50, for $400/case, equivalent to $8/bottle. Shipping will be included in the case price. The standard purchase price on the product is $29.95/bottle or $1497.50/case. Shareholders have until the end of January to order at the old shareholder price. Clifton trades on the U.S. OTC: (CFTN). For additional information, contact Dr. Ken Friedman, President at 303-642-0659, Keith Moeller Vice President at 801-756-1414 or see our website at www.cliftonmining.com ### Note: Any statements released by Clifton Mining Company that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward looking statements invoke risk and uncertainties that may affect the company's business prospects and performance. |
