Redcliffe Announces $8 Million Financing

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 "Corporation") is pleased to announce that it has entered into an
agreement with an underwriting syndicate led by Northern Securities Inc., and
including GMP Securities L.P. and Raymond James Ltd. (the "Underwriters") to
issue, by way of a private placement, 8,333,333 Class A shares (the "Shares") on
a "bought deal" basis at $0.60 per Share, and up to 4,166,667 flow-through Class
A shares (the "Flow-Through Shares") on a "best efforts" basis at a price of
$0.72 per Flow-Through Share, for aggregate gross proceeds of up to
approximately $8 million.


In addition, the Corporation has granted the Underwriters a "greenshoe" option,
exercisable prior to closing, to offer on a "best efforts" basis up to an
additional 2,083,333 Shares at $0.60 per Share, and up to an additional
1,041,667 Flow-Through Shares at a price of $0.72 per Flow-Through Share, which
would increase the size of the offering to approximately $10 million, if fully
subscribed.


Proceeds from the Share offering will be used to fund the Corporation's ongoing
drilling program in its core focus areas and for general corporate purposes.
Proceeds from the Flow-Through Share offering will be used to incur qualifying
expenditures.


Closing of the offering is expected to occur on or about April 14, 2008, and is
subject to the receipt of all requisite regulatory and stock exchange approvals.
The securities issued under the private placement will be subject to a four
month hold period from the date of closing.


Redcliffe is a Calgary, Alberta based company engaged in the exploration for,
and development and production of conventional crude oil and natural gas
reserves in western Canada. Redcliffe's strategy is to build shareholder value
through internally generated exploration and development drilling, and through
selective acquisitions. Redcliffe's areas of operational focus include the Peace
River Arch and Pembina areas of Alberta.


Forward-Looking Statements: This news release contains statements about future
events that are forward looking in nature and, as a result, are subject to
certain risks and uncertainties such as changes in plans or the occurrence of
unexpected events. Actual results may differ from the estimates provided by
management.