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February 15, 2006 PRESS RELEASE Clifton Mining Company Inc. (OTC: CFTN) Clifton’s Joint Venture Partner COMPLETES $1.3 MILLION FINANCING TO ADVANCE KIEWIT GOLD ZONE AND PORPHYRY TARGET DRILLING Clifton’s joint venture partner, Dumont Nickel Inc. has just completed a non-brokered private placement for $1,308,050. Intentions are to complete a second closing within ten days to include additional subscribers in the current financing which has been oversubscribed. Proceeds will be used to continue ongoing drilling over the Kiewit Gold Zone and the one mile diameter porphyry target area discovered in late 2005. An initial six shallow reverse circulation (RC) holes have been completed since late December. A core drill rig is scheduled to mobilize to the field later this week to deepen some of the RC holes and to complete other drilling at new locations. Clifton trades on the U.S. OTC: (CFTN). For additional information, contact Dr. Ken Friedman, President at 303-642-0659, and 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 |
