Mr. Campbell Smyth reports

GRAFTON RESOURCES ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT OF UNITS

Grafton Resources Inc. has closed its non-brokered private placement previously announced on Aug. 24 and Sept. 9, 2026, on an oversubscribed basis, raising aggregate gross proceeds of $2,217,500 to the company through the issuance of 4,435,000 units of the company at a purchase price of 50 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a purchase price of 90 cents per warrant share until Sept. 15, 2028.

The company intends to use the proceeds of the offering toward working capital and general corporate purposes.

The company paid aggregate finders' fees of $123,800 in cash and issued 247,600 non-transferable finders' warrants to certain arm's-length finders. Each finder's warrant entitles the holder thereof to purchase one common share of the company at a purchase price of 90 cents per finder's share until Sept. 15, 2028. The offering remains subject to the acceptance of the Canadian Securities Exchange. The securities issued pursuant to the offering are subject to a four-month hold period expiring on Jan. 16, 2027, in accordance with applicable securities laws.

We seek Safe Harbor.