Redcliffe Announces Change in Trading Symbol

Further to the closing on December 18, 2007 of the plan of arrangement between Redcliffe Exploration Inc., its wholly-owned subsidiary Redcliffe Exploration Ltd., and Redcliffe Energy Ltd. to form Redcliffe Exploration Inc., the Company is pleased to announce that its Class A and Class B shares are expected to commence trading on the TSX Venture Exchange on January 4, 2008 under their new trading symbols RXP.A and RXP.B, respectively.

Shares currently trading under the symbols RXI.A and RXI.B will trade under the new symbols at that time.