Mr. Arndt Roehlig reports

GRAYCLIFF EXPLORATION TO ACQUIRE GEOLOGIC DATA RELATED TO ITS SHAKESPEARE GOLD PROJECT

Graycliff Exploration Ltd. has executed an arm's-length asset purchase agreement, dated Feb. 26, 2026, with Mona McKinnon, contemplating the acquisition of certain geologic data, core, pulp and material related to the company's Shakespeare project from the vendor for 2.3 million common shares of the company at a deemed issue price of 14 cents per share, such shares to be issued on closing to the vendor or its nominee(s) set out in the agreement.

Upon issuance, the consideration shares will be subject to voluntary resale restrictions, expiring: 25 per cent four months and a day after the closing date; 25 per cent six months after the closing; 25 per cent nine months after the closing; and 25 per cent 12 months after the closing.

"This acquisition will guide our next steps at Shakespeare as we advance our exciting gold project," said Arndt Roehlig, president and chief executive officer of Graycliff. Completion of the acquisition is subject to the satisfaction of the customary conditions precedent for a transaction of this nature, including those set forth in the agreement and approval from the Canadian Securities Exchange.

About Graycliff Exploration Ltd.

Graycliff Exploration is a mineral exploration company focused on its 1,468 hectares of prospective ground, located roughly 80 kilometres west of Sudbury on the prolific Canadian Shield. The company's Shakespeare project consists of one Crown patented lease, two Crown leases and 40 claims on a property associated with the historic Shakespeare gold mine. Graycliff to date has drilled over 12,500 metres at Shakespeare, with visible gold identified in a significant number of holes.

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