Graycliff closes Shakespeare geologic data acquisition

Executive Summary

• Graycliff Exploration Ltd. completed the acquisition of geologic data, core, pulp and related material for its Shakespeare Gold Project.
• The purchase price was paid entirely in stock: 2.3 million Graycliff common shares issued to the vendor (or nominees).
• Issued shares are subject to a staggered voluntary resale restriction schedule (25% unlocks at ~4 months, 6 months, 9 months and 12 months after closing).

Key Details

• Acquisition scope: Geologic data, drill core, pulp and other material pertaining to the Shakespeare Gold Project (previously announced on Feb. 26 2026).
• Consideration: 2.3 million Graycliff common shares issued to the seller or its nominees.
• Resale restrictions:
• 25% of the shares become freely tradable four months and one day after March 5 2026 (≈ July 10 2026).
• Additional 25% unlocks at six months, nine months and twelve months post‑closing respectively.
• Strategic intent: The company will review and assay the newly acquired drill core to further evaluate the Shakespeare project’s gold potential.

Notable Quotes

“The company is looking forward to reviewing and then assaying the newly acquired drill core,” – Arndt Roehlig, President & CEO, Graycliff Exploration Ltd.