2009-10-26 13:15:03 - - Payments changed from front-end to back-end loaded

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/26/09 -- Clifton Star Resources, Inc (TSX VENTURE: CFO)(FRANKFURT: C3T) is pleased to announce with the property owners (the "Optionors") the successful re-negotiation of new terms for the options governing Clifton Star's right to earn an undivided 100% interest in the Beattie-Donchester-Dumico gold properties (the "Property") in western Quebec. It is the intention of both parties to proceed immediately from the terms outlined in the letters of intent ("LOIs") to finalization of definitive agreements.



The original agreements between Clifton Star and the Optionors are dated May 6, 2008. They were later amended on July 22, 2008, and then June 29, 2009. These agreements, among other things, defined a series of property payments outlined in Table 1 (only remaining payments are shown here; see SEDAR filings dated May 6, 2008 and October 22, 2008).

Table 1. Prior Payment Schedule as of 29 June 2009

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                 Amount
Payment          (C$)          Date        Comments
------------------------------------------------------------------
Confirmation     $8.5 million  31 Dec 2009
 Payment
------------------------------------------------------------------
Exercise Payment $40 million   1 July 2010
------------------------------------------------------------------
Bonus Payment    $12 million   Feasibility Payable only if greater
                                Study       than 4 Moz Au
------------------------------------------------------------------
Total            $60.5 million             Earns 100% with no NSR
------------------------------------------------------------------

The new payment schedule, per the LOI of October 26th of this year, is highlighted in Table 2.

Table 2. LOIs Payment Schedule as of 26 October 2009

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                 Amount
Payment          (C$)          Date        Comments
----------------------------------------------------------------------------
Confirmation     $8.5 million  1 June 2010 Earns 10%; 6-mo payment deferment
 Payment
----------------------------------------------------------------------------
Exercise Payment $22 million   1 Dec 2012  28-mo payment deferment; $18 M
                                            lower
----------------------------------------------------------------------------
Final Payment    $30 million   1 Dec 2017  Earns 100%; 5-yr payment
                                            deferment
----------------------------------------------------------------------------
Total            $58.5 million             Earns 100% with no NSR
----------------------------------------------------------------------------

Mr. Harry Miller, President/CEO of Clifton Star, commented as follows:



"We are pleased to have re-negotiated and signed letters of intent with the Optionors regarding our flagship project. There are two key changes to the terms. Firstly, the new agreement allows for a much smaller second payment ($22 million vs. $40 million) and defers the payment date by 28 months (from July 1, 2010 to Dec 1, 2012). Secondly, the agreement defers the final payment to Dec 2017, some five years later than the prior agreements.



We believe these letters of intent developing into definitive agreements provide Clifton Star with ample time to explore and development the Beattie, Donchester, Central Duparquet, and Dumico gold deposits. Further, the new payment schedule is now back-end loaded as opposed to being front-end loaded. This relieves us of a short-term financial encumbrance, allowing Clifton to put more capital into the ground exploring and developing the projects. Currently there are two drills in operation and plans are in place to return to five drills. As well, a number of new initiatives are underway regarding Clifton


Star, and we look forward to reporting their outcomes once realized."



About Clifton Star Resources Inc.:



Clifton Star Resources Inc. (TSX VENTURE: CFO) ("Clifton Star") is a junior mining company with options to earn a 100% undivided interest in the Beattie, Donchester, Central Duparquet, Dumico and Duquesne gold properties that yielded over one million ounces of gold from the 1930's until the 1950's. Through these properties Clifton Star controls a total of 8.4 km of strike length along the prolific Porcupine/Destor deformation zone extending from Timmins, Ontario, to north of Val d'Or, Quebec. The Company also is evaluating historical tailings of recoverable gold at Beattie-Donchester as a source of near-term revenues.



On behalf of the Board,


Harry Miller, President


This news release may contain forward-looking statements which address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from these currently anticipated in such statements.



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

Contacts:
Clifton Star Resources Inc.
Harry Miller
President
(425) 453-0355
Hmiller@cliftonstarresources.com :
www.cliftonstarresources.com :