Mr. James Macintosh reports

GRAYCLIFF EXPLORATION ANNOUNCES AGM RESULTS

All matters submitted to shareholders at Graycliff Exploration Ltd.'s annual general meeting held on Monday, March 30, 2026, were approved.

A total of 8,802,497 common shares were entitled to vote at the meeting. The following three items were passed. Shareholders voted to fix the number of directors at five. The following nominees were elected to the board of directors to serve until the next annual meeting of shareholders: James Macintosh, Arndt Roehlig, Julio DiGirolamo, Bruce Durham and Jason Baker.

Clearhouse LLP was reappointed as the auditor of the corporation for the ensuing year and the board of directors was authorized to fix its remuneration.

The corporation's audited consolidated financial statements for the years ended Dec. 31, 2025, and Dec. 31, 2024, together with the report of the auditor and the management's discussion and analysis (MD&A), were formally received by the shareholders. These financials have been filed on SEDAR+.

The company wishes to extend its sincere gratitude to Nicholas Konkin for his dedicated service on the board of directors for the past several years.

The company also is pleased to announce that its previously announced private placement on March 3, 2026, is oversubscribed and is increasing the size to up to $650,000 from up to $600,000. Each unit will be composed of one common share of the company and one-half of one common share purchase warrant, each warrant to be exercisable at 18 cents per share for one year from issuance.

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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