Mr. Ian Rozier reports

ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Grosvenor Resource Corp. has arranged a non-brokered private placement of up to 6.5 million units at a price of five cents per unit for gross proceeds of up to $325,000. Each unit will consist of one common share of Grosvenor and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of five cents for a period of five years from the date of issuance.

All securities issued under this offering will be subject to a hold period expiring four months and one day from the date of closing.

Proceeds will be used for exploration on the company's Powder gold-silver project, located in British Columbia, Canada, for potential new exploration projects and for general working capital.

The company expects to close the offering on or before Jan. 30, 2026.

Insiders of the company will invest in this offering. The participation of insiders in the offering constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and the policies of the TSX Venture Exchange. The company is relying on exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation by insiders will not exceed 25 per cent of the fair market value of the company's market capitalization.

Closing of the offering is subject to TSX-V approval.

We seek Safe Harbor.