Mr. James Macintosh reports

JAMES MACINTOSH APPOINTED CHAIRMAN AND CEO

James Macintosh, who previously served as Graycliff Exploration Ltd.'s president and chief executive officer from 2019 to 2025, and currently serves as a director, has been appointed chairman of the board and CEO, effective immediately. Arndt Roehlig has resigned from his roles as president, chief executive officer and director of the company to pursue other business opportunities.

The board of directors thanks Mr. Roehlig for his assistance during the company's restructuring earlier this year, and for his dedication and strategic direction during his tenure, and wishes him continued success in his future endeavours.

Mr. Macintosh brings 40 years of experience in the Canadian and U.S. natural resource sectors. He holds a BSc (honours) in geological sciences from Queen's University and has an extensive record, including time as a mining analyst, capital markets, corporate management, exploration and development, across multiple public resource companies.

Graycliff is also pleased to announce the appointment of Steve Anderson as an independent director of the company. Mr. Anderson brings over 45 years of exploration and development expertise to the company. He founded Vision Exploration in the early 1990s, which covers all aspects of exploration, including staking claims, geologic sampling, geophysical surveying and diamond drilling. As a director of Liberty Mines, he was part of the team that took the project from grassroots exploration through development and the construction of the Redstone mill to production, and the sale of concentrate to a Chinese smelter.

"I am pleased to step back into the role of chairman and CEO as Graycliff advances its key exploration objectives," stated Mr. Macintosh. He added, "Our primary focus remains driving long-term value for our shareholders by advancing the Shakespeare gold project and the addition of Steve Anderson will assist us with the next stages of development."

About Graycliff Exploration Ltd.

Graycliff Exploration is a mineral exploration company focused on its 1,366 hectares of prospective ground, located roughly 88 kilometres west of Sudbury on the prolific Canadian Shield. The company's Shakespeare project consists of one Crown patented lease, two Crown leases and 82 claims on a property that includes the historic Shakespeare gold mine, which operated from 1903 to 1907. Graycliff to date has drilled over 13,600 metres, with visible gold mineralization and significant gold assay intervals in numerous drill holes.

We seek Safe Harbor.