Clifton Mining Company Inc. (OTC : CFTN)

    ALPINE, UT, July 25 /PRNewswire-FirstCall/ - Clifton Mining Company
(OTC:CFTN) is pleased to announce the completion of 24 Drill holes adjacent to
the Historic Cane Springs gold mine, Gold was found in a number of the drill
intervals for lengths of between 10 and 50 feet long. Gold values in the drill
holes ranged from just a trace to over an ounce of gold per ton.
    The 24 holes (total drilling of 3,400 ft.) were drilled in the area close
to the Cane Springs Historic Gold Mine. Dumont Nickel Inc. (Dumont) (Clifton's
joint venture partner) had completed a great deal of surface geological and
sampling work in the area and believed that other gold zones could exist close
to the historic high-grade gold mine. To test the theory Dumont drilled the
24 holes in a grid pattern
    Two of the holes, drilled on trend from the Cane Springs Historic Gold
Mine workings, returned good gold grades from a previously unexplored
structure thought to be either a new gold zone or an offset extension of the
main zone of the Historic Mine. An additional two holes of interest are
located over the Mine, approximately 35 m (100 ft.) above the uppermost level
mined.

    Highlights from the drilling are as follows:

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    Hole                       From           To         Length           Au
    No.                           m            m          m(ft)       oz/ton
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    RC15                       19.8         24.4     4.6 (15ft)         .088
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    RC20                        4.6         19.8    15.2 (50ft)         .197


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    RC20                       39.6         44.2     4.6 (15ft)         .014
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    RC21                       24.4         27.4     3.1 (10ft)         .046
    -------------------------------------------------------------------------
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    RC22                       16.8         19.8     3.1 (10ft)         .035
    -------------------------------------------------------------------------
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    Hole                       From           To         Length           Au
    No.                           m            m          m(ft)       oz/ton
    -------------------------------------------------------------------------
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    RC15      includes         19.8         21.3     1.5 ( 5ft)         0.25
    -------------------------------------------------------------------------
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    RC20      includes          4.6          7.6     3.1 (10ft)         0.27
              includes          7.6          9.1     1.5 ( 5ft)         1.07
              includes          9.1         19.8    10.7 (35ft)         .049
    -------------------------------------------------------------------------
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    RC20
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    RC21
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    RC22
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Initial gold assays from many other holes also reported gold ranging from
just a trace up to 0.035oz/ton, from sections ranging from 5 ft. to 10 ft. in
thickness. All of the assays are being cross-checked to better understand what
is happening in the rock under the ground. Given the size and shape of the pay
zone at the historic Mine, these drill results which have only short runs of
gold are considered to be indicators of more nearby gold mineralization. In
other words, that there is more gold in the area and we think that we are
getting close to finding these new gold deposits.
    Said Mr. Moeller, VP of Clifton, "Finding gold in this new area adjacent
to the historic mine is very exciting, especially when we had no proof that it
existed before this drilling was completed. The five foot section that
averaged over an ounce of gold per ton falls right in line with the type of
gold value that was mined historically. The core drilling announced in July of
2003 on the east side of the mine also cut through a section of the high-grade
gold. That drill hole section ran over six ounces of gold per ton. What the
numbers tell us is that not only is there market grade gold in the area, but
there may also be a considerable amount of the multiple ounce high-grade gold
that the mine is famous for. The other good news is that we have a fully
permitted and operable production mill less than 1,000 feet from the mine.
Once the drilling is finished in the area, it may be a short trip for the gold
in the rock to become cash for the joint venture companies."
    The historical Cane Springs Mine produced gold during the late 1800's and
early 1900's from a high grade shoot made out of what we call cooked
limestone. Besides the high-grade gold, the mine ore also carried copper and
silver. Underground workings extend down to 240 feet below surface, and
consist of four short levels accessible by two shafts. The ore in the mine
never ran out and was only mined down to the 147 foot level.
    Historical records indicate that at least 60,000 tons were mined with
boxcar grades ranging 0.5 to 9.0 ounce of gold per ton of ore. The gold was
native gold and was visible in the rock which made it easy to mill. Ore faces
from the third and fourth levels are reported to have typically assayed
approximately 1.5oz/ton in gold value with silver at 1 to 1.4oz/ton, and
pillar material in the lower levels to have typically ranged in gold from
3.4 to 9.1oz/ton. Records also indicate that active mine headings terminated
in ore. Meaning that they did not run out of gold ore but had stopped mining
because of world war two and had never started mining again.
    Historical surface sampling records from the vicinity of the Mine report
good gold values from trenching across a multitude of shear zones which have
not previously been explored below the surface. Records also propose that the
pay zone mined is one of a pair of zones, and that the "sister" shoot was not
developed nor explored.
    MANAGEMENT'S findings to date are consistent with historic records
suggesting the presence of good grade gold zones yet to be discovered in the
vicinity of the Historic Mine. These are considered to be very encouraging
findings given that localities away from the Mine have not previously been
adequately explored, especially below the surface.

    Clifton trades on the U.S. OTC: (CFTN).

    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.

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