Redcliffe Provides Operational Update and Extends Warrant Exercise Period

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Redcliffe Exploration Inc. (TSX VENTURE:RXP.A) (TSX VENTURE:RXP.B) ("Redcliffe"
or the "Company") is pleased to provide the following update of activity. Due to
competitive issues, much of this update on 2008 drilling results has been
delayed in its release to the market.


Redcliffe is currently producing approximately 1,200 boe/d, consisting of 435
bbl/d of oil and natural gas liquids and 4,600 mcf/d of natural gas.
Approximately 63% of this production is from the Company's Gold Creek area in
the Peace River Arch, south of Grande Prairie, while the remainder is centered
in the Pembina area of west central Alberta. Ongoing gas well tie-in operations
from two recently completed wells in the Gold Creek area is anticipated to add
up to a further 300 boe/d of natural gas and associated liquids in December
2008. In addition, Redcliffe estimates it has approximately 250 boe/d of natural
gas, associated liquids and oil that is tied-in to pipelines but unable to
produce due to facility limitations in the Gold Creek area. Redcliffe is
continuing to work with its partners to obtain alternative solutions to bringing
this constrained production on-stream.


During 2008 to date, Redcliffe has participated in the drilling of 5 (3.53 net)
wells resulting in 1 (1.0 net) oil well and 4 (2.53 net) gas wells. Two (1.0
net) gas wells were drilled in the Gold Creek area; each has now been tested and
tie-in operations are in progress, with production expected to commence in
December 2008. Based upon the test results, Redcliffe anticipates initial rates
from these two wells to exceed 4,000 mcf/d gross plus associated liquids. In the
Valhalla area, the Company drilled 1 (0.53 net) gas well, which tested
commercial gas. In the Pembina area, Redcliffe drilled 2 (2.0 net) wells
resulting in an oil discovery and a potential gas well. The oil well has been on
production since August 2008 and continues to produce at approximately 65 bbl/d.
Three development wells have been identified, the first of which may be drilled
prior to year-end.


Over the last few months Redcliffe has focused on increasing its acreage
position in the very competitive Peace River Arch centered in the Gold
Creek/Wapiti areas. This has been facilitated by the US$6.0 million Land Fund
raised independently in August of this year. As a result, the Company now
controls approximately 161 (83 net) sections or approximately 103,000 (53,000
net) acres of undeveloped land, which includes the Company's share of unearned
lands held through the Land Fund (14,200 net acres). Redcliffe plans to remain
active in acquiring lands in the area with multi-target liquid-rich gas
reserves.


Assisted by the recently announced closing of a $5.0 million flow-through
financing, Redcliffe intends to remain active on the drilling front over the
next 5 months. We currently anticipate participating in the drilling of 4-5
wells in Pembina/Medicine River and 3-6 wells in the general Gold Creek area.
Although Redcliffe's 2009 budget has not been finalized, the Company maintains a
substantial drilling inventory in both the Peace River Ach and Pembina areas. 



Like most junior oil and gas companies in Alberta, Redcliffe is exploring all
avenues to increase cash flows against the backdrop of uncertain energy pricing
and the new Alberta royalty increases scheduled to commence in 2009. In part,
because of the Alberta New Royalty Framework and the incentives for deeper and
horizontal drilling, Redcliffe will increase its exposure to the deeper targets
and to the development of a "resource" style gas project in 2009. Redcliffe will
also focus its attention towards corporate acquisitions in 2009 as a way to
acquire assets in the current lower commodity price cycle and increase cash
flows from which its exploration program may be expanded.


Redcliffe also announces the extension of the exercise period of the warrants
previously issued on November 27, 2007 and December 6, 2007, which were set to
expire 12 months from their date of issuance. Subject to regulatory approval,
Redcliffe will extend the term of all 6,041,352 unexercised warrants outstanding
with an exercise price of $0.55 until March 31, 2009.


Reader Advisories

Forward-Looking Statements: This news release contains certain forward-looking
statements, including management's assessment of future plans and operations,
and capital expenditures and the timing thereof, that 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. 


BOE may be misleading, particularly if used in isolation. A BOE conversion of 6
Mcf: 1 bbl is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead.