Mr. Tyler Friesen reports

ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Grosvenor Resource Corp. has closed a non-brokered private placement of 6.5 million units at a price of five cents per unit for gross proceeds of $325,000, originally announced on Dec. 17, 2025. Each unit consists of one common share of Grosvenor and one common share purchase warrant. Each warrant entitles 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 are 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. Insiders of the company have invested in this offering subscribing for in aggregate 6.5 million units, or gross proceeds of $325,000. 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 Toronto Stock 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.

This offering does not result in any new insiders or control persons of the company.

We seek Safe Harbor.