Graycliff Exploration Completes Acquisition of Geologic Data Related to its Shakespeare Gold Project

Executive Summary

• Graycliff Exploration Limited completed the acquisition of geologic data, core, pulp and related material for its Shakespeare Project.
• As consideration, the Company issued 2,300,000 common shares to the vendor, subject to a staged resale‑restriction schedule.
• The newly acquired drill core will be reviewed and assayed, supporting further exploration at the Shakespeare Gold Mine area.

Key Details

• Acquisition closed on March 5, 2026, fulfilling the previously announced agreement (press release dated February 26, 2026).
• Consideration: 2,300,000 Graycliff common shares issued to the vendor or its nominees.
• Resale restrictions on the consideration shares:
• 25% become unrestricted four months and one day after closing;
• 25% become unrestricted six months after closing;
• 25% become unrestricted nine months after closing;
• 25% become unrestricted twelve months after closing.
• The assets acquired include geologic data, drill core, pulp and other material related to the Shakespeare Project.
• Graycliff has drilled over 12,500 m at Shakespeare to date, with visible gold identified in many holes.
• President & CEO Arndt Roehlig stated the Company will review and assay the newly acquired drill core.

Notable Quotes

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