28 July 2010
CLUFF ENTERS A STRATEGIC ALLIANCE AND MOU WITH VARUN INDUSTRIES

Key Points:

• Cluff has entered an MOU with major Indian industrial company Varun Industries Limited for an exploration joint venture in Madagascar for gold, platinum and gemstones
• Cluff's Interest no less than 50%
• Preliminary investigations of the areas show gold and platinum
• Varun has established infrastructure in Madagascar to assist with the development of the areas

Cluff Resources Pacific NL (Cluff) announces today it has entered an MOU with major listed Indian entity Varun Industries Limited (Varun) for the exploration and development of gold, platinum and gemstone projects on highly prospective granted tenements in Madagascar. The terms of the MOU provide for the establishment of an exploration joint venture over highly prospective tenements in southern Madagascar. The final participating interests in the joint venture have not been determined but Cluff has advised and Varun has agreed that subject to our assessment of the grounds, Cluff will have an option for at least a 50% interest in the tenements (excluding any interest of the Government of Madagascar).Preliminary investigations by Varun have indicated the presence of alluvial sediments containing both gold and platinum however, earlier exploration recommended detailed stream sediment surveys and source area delineation. Subsequent to our initial evaluation, our first priority will be to complete a detailed mapping assessment of this area, with Cluff providing highly qualified Australian geologists and applying state of the art technology.

Varun (website address www.varun.com) is an ISO9001 certified company and has evolved from being India's leading steelware exporter to a highly proactive multi-dimensional global conglomerate with business interests that include steelware and steel raw materials, oil and natural gas, wind energy, uranium, mining, gems and jewellery.

Varun was listed on the National Indian Stock Exchange in November 2007 and has featured in the list of Top 500 Indian companies in both 2008 and 2009 as compiled by Dun & Bradstreet.

Cluff and Varun have entered a strategic alliance whereby Cluff will provide geologists and geo-technical solutions and systems to the parties' gold and platinum joint ventures in Madagascar.

With an established close relationship with the government of Madagascar, Varun is well positioned to develop the areas subject to the joint venture. Added to this is the company’s highly experienced management and technical teams already on the ground in Madagascar. It is this combination of Varun's Madagascan experience and on site infrastructure with Cluff's technical expertise that will allow the development of a potentially very successful strategic alliance.

Cluff Director, Ian Johns negotiated the MOU after recognising the potentially highly prospective tenements and the relationship synergies between Varun and Cluff.

Madagascar is a former French colony that enjoys a structured legal and commercial system. There are a number of major players operating in the area with Rio Tinto undertaking a large and expensive ilmenite project in southern Madagascar.
The board of Cluff believe this is a perfect project for Cluff to undertake in association with Varun in order to expand our activities and provide our shareholders with positive returns as the areas have already provided gold and platinum.”

Cluff will be undertaking further due diligence and completing the terms of a detailed joint venture agreement over the coming months. The board confirms to its shareholders that it has adequate funding and management expertise and time to undertake this initial due diligence without in any way impacting its current diamond exploration and operational re-organisation in Australia.

Resource potential of Madagascar: a brief summary

Madagascar does not have a well-developed mineral industry, although there is vast potential to discover and develop new deposits. Excluding gold and gem production by artisanal miners, mining makes up less than 1% of GDP (3% when the informal sector is counted) and employs just 1% of the workforce.

Madagascar is noted for its production of good quality chemical and metallurgical grade chromite, high-grade crystalline flake graphite, mica and semi precious stones. The country has the world's largest reserves of sapphire and is also the world's tenth largest producer of chromite. However, the island has other deposits containing gold, nickel, cobalt, heavy mineral sands, bauxite, coal and petroleum products. Madagascar's coal potential has been estimated to contain as much as 100 Mt of good quality coal. The geology of the island has only recently been studied in any great detail. Similarities exist with that of Mozambique and Sri Lanka.
(Source: mbendi.com)

Scott Enderby
Company Secretary

2 July 2010
Letter sent to CFRO Optionholders

Dear Optionholder,

As a holder of CFRO listed options which expire on 31 July 2010, the company is supplying you with this information as required by Listing Rule 6.24 and Paragraph 6.1 of Appendix 6A (‘Timetables’) of the ASX Listing Rules.

I appreciate that the current price of our fully paid shares is about $0.003. It remains a matter for each optionholder to determine if they wish to exercise their options. Any investment in Cluff is an investment in a speculative stock. A personalised conversion form is provided on the rear of this letter for this purpose.

I confirm that the company is in the process of substantial change whilst continuing to focus on its major project of Bingara diamonds. The company has commenced the processing of the material extracted from our latest RC drilling program at Bingara. The final results from this processing and the analysis of the program are some way away. A further bulk sampling pit is still under consideration. The company has recently retained expert consultants to assist in the further development of our exploration program and processing. The company has appointed new external accountants and it is undertaking a full review of all operations and the costs of the company.

The board remains committed and excited about the prospects of your company.

I suggest that you remain interested in the company and monitor its share price right through to the date of the exercise of your options to ensure that you do not lose any possible opportunities. There is still potential for some further increase in the price in the immediate future.

The Company further advises that:
1. The number of 31 July 2010 Options outstanding is 335,337,590.
2. The exercise price is 0.6 cents ($0.006).
3. The due date for exercise is 31 July 2010.
4. Any Options which are not exercised will lapse and have no value.
5. The Options will cease to be quoted after the close of trading on Friday the 23rd of July 2010.
6. The latest market price of the Company’s ordinary shares was 0.3 cents as at 29th June 2010.
7. During the 3 months prior to 29 June 2010 the highest market price of ordinary shares was 0.5 cents on Wednesday 19th May 2010 and the lowest market price was 0.3 cents on Thursday 3rd June 2010.
8. There is currently no underwriting agreement covering the exercise of these Options.

Scott Enderby
Company Secretary

25 June 2010
Change to the Board of Cluff and continuation of the Bingara Diamond Exploration Program

At the Annual General Meeting of the company held on 8 June 2010 the company resolved to terminate the services of Mr Peter Kennewell as the managing director. All entitlements due to Mr Kennewell in respect to his employment and position as a director have been paid to him.

The company has no immediate plans to replace Mr Kennewell. The Board is undertaking a thorough review of all aspects of the company's operations but will be continuing to prioritise its current exploration program at Bingara.

The company has retained the services of GEOS Mining Mineral Consultants to undertake an initial review of the company's Bingara diamond project. Part of the GEOS Mining brief includes preparing some recommendations for the consideration of the company regarding the continuation of the exploration program in a logical and structured manner.

The company has successfully completed a percussion hole program at Bingara using the services of S & B Gricks, drilling contractors, and all the materials extracted from 16 holes have been collected for processing at the company's Copeton processing plant.

A review is also taking place of the processing plant. As previously advised, an agitator has been acquired by the company to assist in the break down of the material. The need for further crushing of some of the material remains to be determined.

The company is also continuing to review the area of exploration for a possible additional pit to permit further bulk sampling.

Scott Enderby
Company Secretary

26 May 2010
Drilling progress, Bingara diamonds bulk sampling

Testing of the potentially diamond bearing pelletal claystone at Bingara is now well under way.

Large diameter percussion drilling at Bingara has been continuing for the past two weeks, with ten 25 cm diameter holes to a depth of 60 metres finished. Sampling and restoration has been completed on two sites, and two of four planned holes have been completed on the third site. Restoration on the first site has been completed. Drilling of the remaining six holes will resume in a week’s time, when the drillers return from their allocated roster.

About 60 tonnes of crushed pelletal claystone, extracted from the drilling is now stored in one tonne bags. Most of these have been transported to the Company’s Copeton plant for processing. The Company has acquired equipment to further mill the drill cuttings before processing of the samples at Copeton. This is planned to commence early next week, with initial results available shortly afterwards.


Ten inch Percussion Drilling in Progress

Peter Kennewell
Managing Director

20 May 2010
ASIC determination received regarding extension of time to hold AGM

The Company is pleased to advise that its request for an extension of time to hold its Annual General Meeting (AGM) at a later date has been approved by the Australian Securities and Investment Commission (ASIC).

Section 250N(2) of the Corporations Act 2001 (‘the Act’) requires a public company to hold its Annual General Meeting within 5 months after the end of its financial year, which for Cluff meant on or before the 31st of May 2010. Due to circumstances beyond its control the Company did not meet this deadline, and announced to the ASX its AGM would be held on the 8th of June. As a result, relief from this provision of the Act was sought from ASIC by lodging a form which requested that such an extension of time for holding the AGM be permitted (Form 2501).

A brief summary of the circumstances behind the necessity to hold the AGM at a later date is provided below for the benefit of shareholders and investors.

On the 28th of April 2010 copies of the proposed AGM documents (Notice of Meeting and Explanatory Memorandum and the Proxy Form) were forwarded to the Australian Securities Exchange (ASX) for verification. Under ASX Listing Rules 15.1 and 15.1.4, listed companies must send their proposed AGM documents to the ASX. The ASX verifies these documents for compliance with the Listing Rules, ensuring that shareholders are kept fully informed as to the rationale behind each resolution. The Company advises that the draft resolutions were generally in a form which the Company had used at general meetings in the past.

Following requests by the ASX for amendments and additional information (none of which were substantive but of a technical nature), revised AGM documents were provided on the 30th of April and again on the 3rd of May, and despite the Company’s best efforts to encourage a timely response from the ASX the Company did not receive final confirmation that there were no objections to the contents until the 4th of May.

With the date of the AGM intended for the 31st of May, 27 days later than the 4th of May, this meant that proceeding to release the Notice of Meeting and other AGM documentation on this date would place the Company in breach of Section 249HA of the Corporations Act, which requires that at least 28 days notice must be given of a meeting of a company’s members.

In order to comply with Section 249HA, it therefore became necessary to reschedule the AGM date beyond the end of May.

The Company decided to reschedule the meeting for the 8th of June with a view to ensuring that there would be no more timing issues regarding the release date of the Notice of Meeting, and applied to ASIC for relief from Section 250N(2) on the basis that it was in the best interests of shareholders to proceed to hold the AGM as soon as possible, despite the short delay.

ASIC has granted the company an extension of time to hold its AGM to the 8th of June 2010. As the Company has issued its notice of meeting for a meeting on 8 June 2010 the holding of the meeting will obviously comply with the extension.

The Company is putting into place internal planning controls to ensure a more timely preparation of the requisite notice and resolutions in the future so as to allow some additional time if the ASX raises any requisitions or queries in respect to such future notices.

The Directors wish to emphasise that the delay in calling the AGM this year was not the result of some substantive default or problem but was of technical compliance nature. The directors are not making light of this failure but are endeavouring to ensure it does not take place in the future.

The Directors recognise that the holding of the AGM at a later date than required may be viewed negatively by the market, nevertheless the circumstances involved and our intention to abide by all legal and corporate governance requirements should also be acknowledged and respected

We look forward to continuing to meet all such obligations into the future.

Scott Enderby
Company Secretary

12 May 2010
Large diameter drilling and bulk sampling commences, Doctors Creek, Bingara

Large diameter drilling has commenced at Bingara this morning to test the diamond content of the pelletal claystone sediments at Doctors Creek. These sediments were recently demonstrated by the Company to be carrying diamond indicator minerals.

The aim of the evaluation program is to produce an inferred resource of hard rock diamonds based on the drilling, together with larger quantities of diamonds from subsequent pitting. If successful, this would clearly demonstrate that there is potential for a mine at the company’s diamond prospects at Bingara.

This will be achieved by drilling at four sites 100 to 200 metres apart in the Doctors Creek area. Holes will be drilled to depths of about 60 metres, using groups of four ten inch percussion drill holes at each site. The drilling program envisages the completion of the 16 percussion holes within a further 14 days. Samples from the four holes at each site will be bulked together over ten metres to produce composite samples of percussion chips which will be bagged and trucked to the Company’s modified plant at Copeton for processing. About four tones of chips will be produced for each ten metres of depth. The processing should yield meaningful grade data. It is anticipated the initial processing of the first four tonnes will commence later this week.

A substantial hard rock pit to about ten metres depth is planned, to sample the most promising area identified by the drilling. The pit aims to extract hard rock diamonds in larger quantities, to determine their characteristics, and to assist in valuation of the stones. Further drilling of the pelletal claystone by the Company’s coring rig will continue during this sampling and pitting.

The drilling contract has been let to Gricks Drilling from Casino, and processing will be carried out by Cluff personnel, using the Copeton plant. Contract crushing may be necessary for the drill chips, and will be necessary for material extracted from the pit.

The information in this report that relates to exploration results is based on information compiled by Peter John Kennewell, who is a corporate member of the Australasian Institute of Mining and Metallurgy included in a list promulgated by the ASX from time to time. Peter John Kennewell is a full time employee of Cluff Resources Pacific NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Identified Mineral Resources, and Ore Reserves”. Peter John Kennewell consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Peter Kennewell
Managing Director

30 April 2010
Positive indicator mineral results, Doctors Creek, Bingara

Approximately 1,200 diamond indicator chromite grains, together with eight diamond indicator pyrope garnet grains, have been recovered from rocks which recently produced 183 diamonds. They occur in rubble overlying weathered pelletal claystone in the upper reaches of Doctors Creek. Fourty one similar grains were recorded in an overlying clay bed.

The garnets are interpreted as having travelled less than two kilometres, hence are clearly from a local source.

The diamond indicator minerals present are outlined below:

The diamond indicator mineral results reported are based on information provided by John Towie of Independent Diamond Laboratories Pty Ltd, Perth.

The information in this report that relates to exploration results is based on information compiled by Peter John Kennewell, who is a corporate member of the Australasian Institute of Mining and Metallurgy included in a list promulgated by the ASX from time to time. Peter John Kennewell is a full time employee of Cluff Resources Pacific NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Identified Mineral Resources, and Ore Reserves”. Peter John Kennewell consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Peter Kennewell
Managing Director

21 April 2010
Diamond indicator minerals found in pelletal claystone, Bingara Diamond Field

The first three samples of hard pelletal claystone, taken from recent cores made by the company from the Bingara Diamond Field, have all yielded indicator minerals positive for diamonds. The presence of these minerals indicates that this pelletal claystone has the potential to carry diamonds. These indicators are interpreted as having not travelled more than four kilometres, which demonstrates a local source.

The indicator minerals present are outlined below, and were taken from the upper reaches of Doctor’s Creek.

Indicator mineral sampling, together with core drilling of the pelletal claystone to determine its thickness and extent, is continuing.

The diamond indicator mineral results reported are based on information provided by John Towie of Independent Diamond Laboratories Pty Ltd, Perth.

The information in this report that relates to exploration results is based on information compiled by Peter John Kennewell, who is a corporate member of the Australasian Institute of Mining and Metallurgy included in a list promulgated by the ASX from time to time. Peter John Kennewell is a full time employee of Cluff Resources Pacific NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Identified Mineral Resources, and Ore Reserves”. Peter John Kennewell consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Peter Kennewell
Managing Director

6 April 2010
Change of registered office address

The Company would like to advise that as of the 6th of April 2010 its registered office address and contact details will now be as follows:

Office Address and postal address:
Suite 21, Level 7,
44 Bridge Street
Sydney 2000
Ph. 9247 2277
Fax. 9247 7055

Email and internet contact details remain unchanged.

Scott Enderby
Company Secretary

17 March 2010
Share placement to raise up to $1,000,000

The Company is pleased to advise that is has received commitments from sophisticated investors to participate in a share placement to raise up to $1,000,000. The terms of the placement are $0.0045 (0.45 cents) per ordinary share, together with one free attaching July 31, 2011 $0.01 listed option.

The total number of securities which are proposed to be issued via placements made under these terms are 222,222,222 ordinary shares and 222,222,222 listed July 31, 2011 $0.01 options.

With respect to Listing Rule 7.1, relating to the number of securities which may be issued without shareholder approval in any given 12-month period (15% of issued ordinary shares, less any other securities issued without shareholder approval during this time) the Directors advise that that placement amounts beyond this limit will have to be accepted subject to regulatory procedures. In this case, the limit is approximately $702,272, or 312,121,002 securities in total. An Extraordinary General Meeting will be required to approve the issue of securities (and acceptance of placement monies) beyond this level up to the intended total of $1 million, and will be called as soon as funding commitments indicate the Company is likely to exceed this figure.

With monies raised the Company aims to continue exploration activities for the development of an inferred resource model of the Bingara diamond field, with the intention being to proceed to mining if commercially recoverable quantities of diamonds are demonstrated.

This issue of securities will be conducted pursuant to Section 708 of the Corporations Act and does not require a disclosure document. An Appendix 3B will be lodged when funds have been received and securities allotted to each placement recipient, and also once the placement has been completed.

If shareholder approval is required and secured for the receipt of funds up to the total of $1,000,000, on completion of the placement the company will have up to 2,303,028,902 shares on issue. The shares and listed options will carry the same rights applicable to quoted ordinary shares and quoted 2011 options in the Company and will from the date of issue rank equally with fully paid quoted ordinary shares and listed options currently on issue.

Participants in the placement include clients of Martin Place Securities, Kefu Underwriters and members of Cluff’s largest shareholders. The Company advises that Martin Place Securities will receive 6% commission on funds placed with their clients, while Kefu Underwriters will receive 3% commission on funds placed with their clients. These commissions will form part of the costs of the issue.

Scott Enderby
Company Secretary

8 February 2010
Ninety two diamonds (15.79 carats) from Monte Christo lease

Fifty tonnes of hot spring gravels occurring between the top of the pelletal claystone and the overlying altered basement shales have yielded ninety two rough diamonds weighing 15.79 carats. The grade was 31.6 carats per hundred tonnes.

The sample was taken from the eastern wall of the pit, from a one and a half metre thick layer that was not removed by the previous mining.

Stripping of overburden from unmined ground on the southern wall is almost completed, and the location of three planned samples (Samples 4, 5 and 6) is shown below. The diamondiferous layer here consists of three overlying zones, and an attempt will be made to remove these as three separate samples: an upper sand half a metre thick, an underlying clay layer about 0.4 metres thick and the basal hot spring deposit over half a metre thick that yielded the above diamonds.

The sampling results are expected to assist determination of the nature of the rocks, and indicate whether grade variations are present. A subsequent trench is planned to the west to determine the dip of the exposed old mine stope, and whether the diamondiferous bed extends downwards into the underlying hard, unaltered bedrock.

The information in this report that relates to exploration results is based on information compiled by Peter John Kennewell, who is a corporate member of the Australasian Institute of Mining and Metallurgy included in a list promulgated by the ASX from time to time. Peter John Kennewell is a full time employee of Cluff Resources Pacific NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Identified Mineral Resources, and Ore Reserves”. Peter John Kennewell consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Peter Kennewell
Managing Director

21 January 2010
Indian Media Releases

The Company has become aware of various Indian broadcast news items and numerous print media articles mentioning Cluff Resources.

Further to general statements about India made in our last Annual Report, Cluff is specifically pursuing mining opportunities in the state of Karnataka. The Hutti Gold Mines of India has recently released information to the media confirming our activities.

Considering the continuous disclosure provisions of the ASX Listing Rules and the existence and subject matter of these media releases, the Company feels obligated to make the Australian market aware of their existence.

Attached are articles from the Times of India, and the Business Standard. Links to these articles and some of the other media articles are available on our website,, www.cluff.com.au

Alternatively, the articles may be found by conducting a Google search using the keywords ‘Cluff’’, ‘India’, ‘Gold’ and ‘Hutti’.

Scott Enderby
Company Secretary

Links to online articles are provided below:

http://epaper.timesofindia.com/Default/Scripting/ArchiveView.asp?skin=pastissues2&AppName=2&GZ=T&BaseHref=TOIBG%2F2010%2F01%2F08&PageSize=3&Page=8

http://www.business-standard.com/india/news/hutti-gold-mines-seeks-state-nod-for-jv/381992/

http://www.thehindubusinessline.com/2010/01/08/stories/2010010851581700.htm

http://www.hindu.com/2010/01/09/stories/2010010953880500.htm

http://www.expressbuzz.com/edition/story.aspx?Title=Top+firms+eye+Karnatakas+Gold&artid=Z%7CzGs/BSIkA=&SectionID=7GUA38txp3s=&MainSectionID=fyV9T2jIa4A=&SectionName=zkvyRoWGpmWSxZV2TGM5XQ==&SEO