Redcliffe Closes $5 Million Flow-Through 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")
announces that it has closed its previously announced brokered private placement
financing through Richardson Partners Financial Limited (the "Agent") for
10,000,000 flow-through Class A shares (the "Shares") at $0.50 per Share for
gross proceeds of $5 million. Proceeds from the offering will be used to incur
qualifying flow-through expenditures. The securities issued under the offering
are subject to a four month hold period, expiring on March 1, 2009. In
connection with the offering, the Agent received a commission of 6.5% of the
gross proceeds, or $325,000.


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 primary area of operational focus is the
Peace River Arch with development activity in the Pembina area 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.