Redcliffe Closes $3.5 Million Equity Financing

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THE UNITED STATES


Redcliffe Exploration Inc. ("Redcliffe" or the "Company") (TSX VENTURE:RXP.A)
(TSX VENTURE:RXP.B) is pleased to announce that it has closed its previously
announced offering of 14,000,000 Class A shares at a price of $0.25 per share
for gross proceeds of $3,500,000 (the "Offering"). Insiders of the Company
subscribed for a total of $425,000, or 1,700,000 Class A shares. Richardson
Partners Financial Limited acted as lead agent of a syndicate for the Offering,
which included FirstEnergy Capital Corp. In connection with the Offering, the
agents received a commission of 6.5% of the gross proceeds of the Offering, or
$227,500.


Redcliffe intends to use the proceeds of the Offering to reduce outstanding debt
under its revolving demand credit facility, thereby freeing up borrowing
capacity which can be re-drawn and applied as needed to fund the Company's
ongoing capital expenditure program.


The Offering represented the final portion of a combined financing that also
included two tranches of a non-brokered private placement financing, which
closed on June 30, 2009 and July 9, respectively, as previously reported. In
aggregate, including both tranches of the private placement financing as well as
the Offering, Redcliffe closed on gross proceeds of $8,200,000, the maximum
amount identified by management and contemplated by the Company under the
combined financing.


Reader Advisories

Forward-Looking Statements: This news release contains certain forward-looking
statements, within the meaning of applicable securities laws; in particular, but
without limiting the foregoing, this news release contains forward-looking
statements pertaining to the intended use of the net proceeds of the Offering.
Such forward-looking statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. Such risks and
uncertainties include, without limitation, risks associated with oil and gas
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, competition
from other producers, inability to retain drilling rigs and other services,
delays resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources, the
impact of general economic conditions in Canada, the United States and overseas,
industry conditions, changes in laws and regulations (including the adoption of
new environmental laws and regulations) and changes in how they are interpreted
and enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in foreign exchange or interest rates,
stock market volatility and market valuations of companies with respect to
announced transactions and the final valuations thereof, and obtaining required
approvals of regulatory authorities. The Company's actual results, performance
or achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits, including the amount
of proceeds, that the Company will derive there from. Readers are cautioned that
the foregoing list of factors is not exhaustive. Additional information on these
and other factors that could affect the Company's operations and financial
results are included in reports on file with Canadian securities regulatory
authorities and may be accessed through the SEDAR website (www.sedar.com). All
subsequent forward-looking statements, whether written or oral, attributable to
the Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update publicly or
to revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be required by
applicable securities laws.