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Clifton Star Resources

Publié le 09 décembre 2014

Clifton Star receives $2.76 million in Quebec Tax Credits

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Clifton Star receives $2.76 million in Quebec Tax Credits

NEWS RELEASE

Clifton Star receives $2.76 million in Quebec Tax Credits

Quebec City, QUEBEC - December 9, 2014.

Clifton Star Resources Inc. ("Clifton Star" or the "Corporation") (TSXV-CFO; Deutsche Boerse- C3T) is pleased to announce that it has received the 2014 Quebec exploration tax credit in the amount of $318,443 it had claimed in the course of its normal 2014 tax reporting obligations, and it also received $2,445,115 for the Quebec exploration tax credit for 2009.

A thorough Tax review identified valid tax credits for 2009. An amended Quebec income tax report was filed. Discussions over the last year and a meeting with the tax authorities resulted in the issue of a credit of $2,445,115, including interest.

Clifton Star has cash on hand of $3.5 million at this time.

Additional Information

All other information previously released on Duparquet is also available on Clifton Star's website

at www.cfo-star.com

For further information please contact:

Michel F. Bouchard

President and CEO

Clifton Star Resources Inc. [email protected]

418-914-9922 www.cfo-star.com

@ cliftonstar1

Neither the TSX Venture Exchange nor its Regulations Services Provider (as the term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward Looking Information

Certain information included in this press release, including any information as to our future exploration, financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. The words 'expect', 'believe',
'will', 'intend', 'estimate' and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, including the possibility that drill programs will not yield the expected results. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Clifton Star Resources to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and that the forward-looking statements are not guarantees of future performance. These statements are also based on certain factors and assumptions. For more details on these estimates, risks, assumptions and factors, see the Company's most recent Form 20-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these
forward-looking statements.

2

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Clifton Star Resources

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CODE : CFO.V
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Clifton Star est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont DUQUESNE, HUNTER, BEATTIE, DONCHESTER, DUMICO, CAT LAKE et DUPARQUET au Canada.

Clifton Star est cotée au Canada. Sa capitalisation boursière aujourd'hui est 19,5 millions CA$ (14,8 millions US$, 13,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 12 mars 2010 à 8,25 CA$, et son plus bas niveau récent le 05 décembre 2014 à 0,06 CA$.

Clifton Star possède 48 210 000 actions en circulation.

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Financements de Clifton Star Resources
11/03/2015Announces Closing of Private Placements
13/11/2012Announces the Closing of the Brokered Flow-Through Private P...
31/10/2012Announces Brokered Flow-Through Private Placement
Attributions d'options de Clifton Star Resources
06/02/2013Retains Albis Capital Corporation as Consultant for Investor...
11/01/2013Retains Mr. Louis Morin as Consultant for Investor Relations
Projets de Clifton Star Resources
18/09/2013(Duparquet)Confirms Excellent Gold Recoveries in Pilot Plant Testing on...
12/09/2012(Duparquet)Announces an Amended Option Agreement on the Duparquet Proje...
21/06/2011(Duparquet)Drilling to Commence at Duparquet
Communiqués de Presse de Clifton Star Resources
22/12/2015clifton-star-announces-new-drill-results-from-the-duparquet-...
11/03/2015Clifton Star Resources Announces Closing of Private Placemen...
02/03/2015Clifton Star Resources Announces Private Placements and Sett...
02/03/2015IIROC Trading Resumption - CFO
02/03/2015Clifton Star Resources Announces Private Placements and Sett...
02/03/2015IIROC Trading Halt - CFO
09/01/2015Clifton Star Sets Date for Requisitioned Meeting
18/12/2014Clifton Star Resources Reports on Voting Results from 2014 A...
17/12/2014Clifton Star Resources Reports on Voting Results From 2014 A...
10/12/2014Clifton Star Issues Urgent Shareholder Letter
09/12/2014Clifton Star receives $2.76 million in Quebec Tax Credits
01/12/2014Clifton Star does not exercise its Duparquet Option
01/12/2014IIROC Trading Resumption - CFO
01/12/2014IIROC Trading Halt - SED; BFK.P; CFO
25/11/2014Quebec Superior Court rejects Clifton Star’s Safeguard motio...
24/11/2014IIROC Trading Resumption - CFO
24/11/2014IIROC Trading Halt - CFO
30/10/2014Clifton Star Files for a Safeguard Order Regarding the Dupar...
09/04/2014Clifton Star Announces Positive Pre-Feasibility Study on the...
03/10/2013Announces That it has Adopted an Advance Notice By-Law
04/09/2013(Duparquet)Intersects 2.25 g/t Au Over 34 m and 1.51 g/t Au Over 39 m, ...
21/08/2013(Duparquet)Intersects 2.46 g/t Au Over 18.5 m and 2.50 g/t Au Over 17.0...
28/06/2013(Duparquet)Announces a Substantial Increase in the Gold Resource at its...
19/06/2013Drills 5.64 g/t Au Over 34.0 m, Including 8.36 g/t Au Over 1...
06/06/2013(Duparquet)announces Drill Results from the Duparquet Project Including...
13/05/2013(Duparquet)Announces Drilling Results from the Duparquet Project Includ...
16/04/2013Grants Stock Options
27/03/2013(Duparquet)Produces High Grade Gold Concentrates From the Duparquet Pro...
14/02/2013(Duparquet)Announces Final 2012 Drilling Results from the Duparquet Pro...
23/10/2012(Duparquet)Announces Exploration Results at Duparquet, Including 1.29 g...
17/09/2012Grants Stock Options
13/06/2011(Duparquet)Announces Updated NI 43-101 Resource Estimate for the Donche...
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