Redcliffe Announces Restructuring of Previously Announced Financing

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

Redcliffe Exploration Inc. ("Redcliffe" or the "Corporation") (TSX
VENTURE:RXP.A)(TSX VENTURE:RXP.B) announces that the terms of its previously
announced agreement with a syndicate of underwriters, led by Northern Securities
Inc., and including GMP Securities L.P., Raymond James Ltd. and Emerging
Equities Inc. (collectively the "Underwriters"), have been amended. The amended
agreement provides that the Corporation will issue 9,090,909 units of the
Corporation (the "Units"), on a "bought deal" basis, at $0.55 per Unit, and up
to 4,545,455 Flow-Through Shares, on a "best efforts" basis, at a price of $0.66
per Flow-Through Share, for aggregate gross proceeds of up to approximately $8
million. Each Unit is comprised of one (1) Share and one-half (1/2)
non-transferable Share purchase warrant (the "Warrants"). Each whole Warrant
will entitle the holder to acquire an additional Share at an exercise price of
$0.70 for a period of twelve (12) months following the closing date of the
offering.


Proceeds from the Unit 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 25, 2008, and is
subject to the receipt of all requisite regulatory and stock exchange approvals.
The securities issued under the offering 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.