Mr. James Macintosh reports

GRAYCLIFF EXPLORATION COMPLETES ACQUISITION OF GEOLOGIC DATA RELATED TO ITS SHAKESPEARE GOLD PROJECT

Graycliff Exploration Ltd. has closed the previously announced acquisition of certain geologic data, core, pulp and material related to the company's Shakespeare project (see news release dated Feb. 26, 2026). As per the agreement, Graycliff has issued 2.3 million common shares of the company to the vendor or its nominees.

The consideration shares are subject to voluntary resale restrictions, with the following expiries: 25 per cent four months and a day after March 5, 2026; 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.

"The company is looking forward to reviewing and then assaying the newly acquired drill core," said Arndt Roehlig, president and chief executive officer of Graycliff.

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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