Cline Mining Corporation-Late Filing of Business Acquisition Report

TORONTO, ONTARIO, Jul 23, 2008 (MARKET WIRE via COMTEX News Network) --

Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) announces that it has filed on SEDAR (www.sedar.com) a business acquisition report ("BAR") with respect to its previously announced acquisition of a 40 % interest in UMC Energy plc which was completed on December 22, 2006. In accordance with National Instrument 51-102 - Continuous Disclosure Obligations, the BAR was required to be filed within 75 days of completion of the acquisition. The OSC identified the omission in the course of its continuous disclosure review and required that the BAR be filed. Management has filed the BAR to ensure that the Company's continuous disclosure record is current.

Details regarding the transaction and its subsequent completion were reported in press releases dated September 26, 2006 and December 22, 2006.

About Cline

Cline Mining Corporation is a mine development company focused on the exploration and development of metallurgical steel making coal in Canada and the U.S., iron ore in Madagascar, gold in Canada and holds a uranium investment in Madagascar.

CLINE MINING CORPORATION

Ken Bates, President and Chief Executive Officer

Forward Looking Information

All statements, other than statements of historical fact, contained in this news release, including any information as to the Company's current expectations with respect to the potential acquisition and future development of the New Elk Coal Properties, constitute "forward-looking information" within the meaning of applicable securities laws. Words such as "intend", "may", "will", "plan", "potential" or similar words suggesting future outcomes identifies forward looking information, which is, by its very nature, not a guarantee of Cline's future operational or financial performance, and are subject to risks and uncertainties, both known and unknown, as well as other factors that could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information made by, or on behalf of, the Company. Readers are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, known and unknown risks and uncertainties, of both a general and specific nature, that could cause actual results to differ materially from those suggested by the forward-looking information or contribute to the possibility that predictions, forecasts or projections will prove to be inaccurate. These factors include, but are not limited to: uncertainty related to the Company's title to its properties; liabilities inherent in coal mine development and production; geological, mining and processing technical problems; the Company's inability to obtain required mine licenses, mine permits and regulatory approvals required in connection with mining and coal processing operations; dependence on third party coal transportation systems; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; changes in commodity prices and exchange rates; changes in steel-making methods and other technological changes; the oversupply of, or lack of demand for, metallurgical coal; currency and interest rate fluctuations; various events which could disrupt operations and/or the transportation of coal products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; the other factors discussed under "Risk Factors" in Cline's 2007 Annual Information Form; and management's ability to anticipate and manage the foregoing factors and risks. Information relating to the magnitude or quality of mineral deposits is deemed to be forward-looking information.

Head Offices: Toronto Office: TD Canada Trust Tower, 161 Bay Street, 27th Floor, Toronto, ON M5J 2S1 / Vancouver Office: Suite 2950 - 650 West Georgia Street, Vancouver BC V6B 4N8 The reliability of such information is affected by, among other things: uncertainty of estimates of their size or composition; uncertainty of projections relating to costs or production, transportation or estimates of market prices for products; the possibility of delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those relating to health, safety and environmental matters. The Company cautions that the list of factors set forth above is not exhaustive. Some of the risks, uncertainties and other factors which negatively affect the reliability of forward-looking information are discussed in the Company's public filings with the Canadian securities regulatory authorities, including its most recent management information circular, annual report, quarterly reports, material change reports and news releases. Copies of the Company's Canadian public filings are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of such information and may be superseded by subsequent events or filings. Except as required by applicable securities laws, the Company undertakes no obligation to update publicly or otherwise revise any information, including any forward-looking information, whether as a result of new information, future events or other such factors that affect this information.

Contacts: Cline Mining Corporation Ken Bates CEO (416) 572-2002 Email: info@clinemining.com Website: www.clinemining.com

SOURCE: Cline Mining Corporation

mailto:info@clinemining.com http://www.clinemining.com

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