Funds Managed by Libra Advisors, LLC Acquire Units of Clifton Star Resources
Inc. for Investment Purposes

TORONTO, June 28 /CNW/ - Libra Advisors, LLC ("Libra") announced today that Libra Fund, L.P. and Libra Offshore Master Fund, L.P. (the "Funds") acquired 747,800 commons shares of Clifton Star Resources Inc. ("Clifton Star") at an average price of $4.34 per share.

As a result of the acquisitions, the Funds now hold 3,057,800 common shares representing approximately 10.6% of the outstanding common shares of Clifton Star.

The Funds acquired the common shares for investment purposes and may, from time to time, acquire additional securities of Clifton Star or dispose of such securities as it may deem appropriate.

Libra is the investment advisor to Libra Fund, L.P. and Libra Offshore Master Fund, L.P. with principal offices at 909 Third Avenue, 29th Floor, New York, NY 10022.


For further information: For further information: Mr. Ranjan Tandon, Managing Member, at (212) 350-5125

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