Quebec City, QUEBEC-(December 3, 2012) - Clifton Star Resources Inc. ('CFO' or 'Clifton') (TSXV-CFO; Deutsche Boerse-C3T) is pleased to announce the results from an additional 14 drill holes from its 2012 drill program at the Duparquet Project of Quebec's Abitibi region.

Clifton Star continues to obtain significant assay results from both delineation holes within the limits of the current pit shell and exploration holes outside of the pit shell. The positive results within the pit limits demonstrate that the zones show good grades and continuity, while the exploration holes show the potential to increase the limits of the current pit shell. All of the drill holes listed in this press release were completed after the PEA closing date, and therefore will not be included in the new resource estimate, on which the upcoming PEA will be based.

Drill Highlights include:

• Hole BD12-18 with 36.0 meters grading 2.08 g/t Au (North Zone - Exploration)
  (including 18.9 meters grading 3.51 g/t Au)
• Hole BD12-20 with 28.5 meters grading 1.30 g/t Au (North Zone - In Pit)
• Hole D12-30 with 26.4 meters grading 1.52 g/t Au (North Zone - Exploration)
• Hole D12-31 with 40.5 meters grading 1.49 g/t Au (North Zone - In Pit)
• Hole D12-32 with 31.8 meters grading 1.17 g/t Au (Syenite Zone - In Pit)
• Hole D12-32 with 24.8 meters grading 2.53 g/t Au (North Zone - In Pit)
• Hole D12-33 with 3.0 meters grading 11.53 g/t Au (Syenite Zone - In Pit
• Hole D12-34 with 36.6 meters grading 2.59 g/t Au (North Zone - In Pit)
  (including 14.1 metres grading 4.77 g/t Au)

These and other significant assay results from the recent phase of drilling are listed in Table 1 and Figures 1 to 6. (The links to see Table 1 and Figures 1 to 6 are at the end of this press release)

These assay results for the definition and exploration drilling will be incorporated in a future update of the resource component of the PEA.

Overview of 2012 Drilling Program

Clifton Star continues to delineate and expand the resources at the Duparquet Project at a steady pace with 2 drill rigs. The year to date drill program on the Duparquet project includes the completion of 84 holes totalling 30,226m. Since the most recent press release regarding the 2012 drilling (October 23, 2012), the Company has completed an additional 16 drill holes for a total of 5,115m.

Drill Results

The results of the 2012 drill program continue to be very encouraging for both the exploration holes outside of the pit shells and the definition holes within the current proposed pit shell. The true thicknesses of the intersections are typically 60-80% of the core lengths. The project area was recently tested by 16 drill holes that are shown on the attached figure. (Figure 1)

Clifton Star's first integrated NI 43-101 report on the Duparquet property dated July 5 th, 2012, had outlined 3 general pit shells, which included the Beattie, Donchester and Central Duparquet properties. Clifton's recent exploration drilling program focused on the area between the Beattie and Donchester pits shells, as well as definition drilling within the central part of the Donchester pit shell. (Figure 1)

Hole BD12-18, drilled on the western edge of the Donchester pit, intersected the North Zone which assayed 2.08 g/t Au over 36.0m, including a higher grade section of 3.51 g/t Au over 18.9m. This intersection is located approximately 40m outside of the western edge of Donchester pit shell and 55 m below the surface. (Figure 2)

Hole BD12-20, also drilled on the western edge of the Donchester Pit, intersected the South Zone, which returned an assay of 1.30 g/t au over 28.5m, including 2.28 g/t Au over 10.5m. This intersection is located at the bottom limit of the current pit shell. (Figure 2)

Holes D12-30, D12-31 and D12-32 were all drilled in the central part of the Donchester pit, and show the excellent continuity of the North Zone. Hole D12-30 intersected the North Zone approximately 60m outside the current limit of the pit shell, where it returned an assay of 1.52 g/t au over 26.4m. Hole D12-31 intersected the North Zone approximately 50m up dip from D12-30, at the current limit of the pit wall contact, where it returned an assay of 1.49 g/t Au over 40.5m (Figure 3). Hole D12-32, drilled 60m to the west of holes D12-30 and D12-31, also intersected excellent mineralization in the North Zone, where it assayed 2.53 g/t Au over 24.8m (Figure 4).

Hole D12-33, drilled towards the south, intersected high-grade gold mineralization within the central part of the syenite body, which assayed 11.53 g/t Au over 3.0m (Figure 5).

Hole D12-34, drilled in the east-central part of the Donchester pit shell, intersected 2.59 g/t Au over 36.6m, including a higher grade section of 4.77 g/t Au over 14.1m, within the North Zone (Figure 6).

Work on the Preliminary Economic Assessment (PEA) Report is continuing and is expected to be completed in early 2013. Clifton Star is continuing its drill program for the remainder of the 2012 year with 2 drills. The drills are now focused on converting Inferred Resources to Indicated.

Resources within the limits of the pit shell.

Clifton is continuing an extensive resampling program and QA/QC review of historical holes on the Dumico property, located approximately 1 km to the east of the Central Duparquet pit shell.

Technical Information and Qualified Persons

Diamond drill holes are drilled to recover NQ size core. The core boxes are sealed and delivered to the company's core logging facilities on site at the end of each shift where they are
photographed, logged and sampled. Core samples are sawed in half, bagged and sealed prior to being transported directly by the Company to Activation Laboratories Ltd. (Ste-Germaine de Boule), an independent accredited laboratory, for assay analysis. The assay analyses performed during Clifton's drill programs are subject to a formal quality assurance and quality control (QA/ QC) program with standard reference materials, blanks, and field duplicates samples inserted prior to shipment from site to monitor the quality control of the data. Samples with higher grade gold (greater than 10 grams per tonne) are reassayed using a gravimetric and/or pulps and metallic procedure. All gold results reported are cut, with assays greater than 25 grams per tonne cut to 25 grams.

The Company's exploration team designed and executed the 2012 drilling program under the supervision of Clifton's Vice President of Exploration, Mr. Louis Martin. The content of this
news release has been written and approved by Mr. Louis Martin, P.Geo, a Qualified Person as defined by National Instrument 43-101.

To see Table 1, click here: Table 1
To see Figure 1, click here: Figure 1
To see Figure 2, click here: Figure 2
To see Figure 3, click here: Figure 3
To see Figure 4, click here: Figure 4
To see Figure 5, click here: Figure 5
To see Figure 6, click here: Figure 6

For further information please contact:

Michel F. Bouchard
President and CEO
Clifton Star Resources Inc.
[email protected]
418-914-9922

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