Graycliff Shakespeare Drilling Update

(CSE: GRAY) (OTCQB: GRYCF) Graycliff Exploration Limited announced an operational update on the ongoing exploration drilling campaign at its 100-per-cent-owned Shakespeare gold project located near Sudbury, Ontario. The Company has successfully completed the first two drill holes of this phase, advancing both its metallurgical testing objectives and its gold zone definition efforts. HQ Metallurgical Hole D was drilled to a total depth of 225 metres and intersected a visually distinct zone of black smoky quartz from 185 m to 205 m. First NQ Exploration Hole J-62-26 was drilled to a total depth of 250 m and encountered a highly prospective mineralized zone between 109 m and 117 m. Drilling on the next exploration hole, Hole J-63-26, commenced Monday, Aug. 24th. Graycliff to date has drilled over 13,300 metres, with visible gold mineralization and significant gold assay intervals in numerous drill holes. The Company's Shakespeare Project consists of one crown patented lease, two crown leases and 82 claims on a property that includes the historic Shakespeare Gold Mine, which operated from 1903 to 1907.

Graycliff Mobilizes Drill at Shakespeare Gold Project for Further Metallurgical Testing and to Expand Gold Zone

(CSE: GRAY) (OTCQB: GRYCF) Graycliff Exploration Limited announced that exploration drilling has commenced at its 100%-owned Shakespeare Gold Project, located near Sudbury, Ontario. The current campaign marks the company's return to active drilling at Shakespeare for the first time since Q1 2023 and is focused on a large-diameter (HQ) core hole positioned directly behind Hole A, which previously intersected 454.34 g/t gold over 7.0 m, including an interval of 3,030 g/t gold over 1.0 m. Over four prior drilling phases, 61 holes and over 12,500 m were drilled, with 62% of holes intersecting gold mineralization and approximately 40% displaying visible gold. The company has drilled over 12,900 metres to date, with visible gold mineralization and significant gold assay intervals in numerous drill holes. Graycliff reports under 19 million shares issued and outstanding and a $6M market cap, with a funded exploration program. The company plans to immediately transition to drill-testing high-priority targets to further define and expand the main gold zone once the current metallurgical hole is complete. Management believes recent independent third-party reports highlight the project, team, and high-grade mineralization in today's strong gold price environment.

Graycliff Closes First Tranche of LIFE Financing

(CSE: GRAY) (OTCQB: GRYCF) Graycliff Exploration Limited announced it has closed the first tranche of its non-brokered private placement offering of up to 8,000,000 units at a price of $0.35 per Unit. The first tranche consists of 1,964,457 units for aggregate gross proceeds of $687,560. Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at $0.55 for twelve months, but not exercisable for 60 days from issuance. The company paid eligible finders $57,000 in cash and issued 162,880 Finder Warrants, both equal to 8% of the proceeds and units issued, respectively. Graycliff Exploration is focused on its 1,366 hectares of prospective ground located roughly 88 km west of Sudbury, and its Shakespeare Project includes one crown patented lease, two crown leases, and 82 claims. The company has drilled over 12,900 metres to date, with visible gold mineralization and significant gold assay intervals in numerous drill holes. The company intends to use the proceeds of this Offering to begin exploration activities at the Shakespeare Gold Project in Sudbury and for corporate purposes.

Graycliff Exploration Uplisted to OTCQB Venture Market

(CSE: GRAY, OTCQB: GRYCF) Graycliff Exploration Limited announced that it has been approved to uplist from the OTC Pink market to the OTCQB Venture Market (OTCQB), operated by OTC Markets Group Inc. The uplisting was effective as of July 7, 2026, and the Company will continue to trade under the ticker symbol GRYCF in the United States, with its shares also listed on CSE under GRAY. Graycliff has submitted an application to The Depository Trust Company ("DTC") to make its common shares eligible for electronic clearing and settlement in the United States. The Company entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network (INN) for a 6 month term starting July 30, 2026, at a cost of $60,000. Graycliff Exploration is focused on its 1,366 hectares of prospective ground, located roughly 88 kms west of Sudbury on the Canadian Shield, and its Shakespeare Project consists of one crown patented lease, two crown leases and 82 claims. The historic Shakespeare Gold Mine operated from 1903 to 1907, and Graycliff to date has drilled over 12,900 metres, with visible gold mineralization and significant gold assay intervals in numerous drill holes. The company projects that DTC eligibility, once obtained, is expected to simplify the process of trading and transferring the Company's securities between brokerage firms, which may enhance liquidity and improve access for U.S. investors.

Graycliff Reports Additional Drill Results Including 7.3 Metres of 10.51 g/t Gold at Shakespeare Gold Project, Ontario

(CSE: GRAY, OTCQB: GRYCF) Graycliff Exploration Limited announced additional high grade gold assay results from metallurgical drill holes B and C, including an interval of 10.5 grams per tonne gold over a 7.3 metre interval in drill hole B, with a 1.0 metre intersection of 43.50 g/t gold and a 1.0 metre intersection of 45.90 g/t gold. Drill hole A previously reported an interval grading 454.34 g/t gold over a 7.0 metre interval. Mineralization in hole C returned a 2.0 metre interval grading 1.76 g/t gold at a depth of 66.0 metres. All three holes (A, B & C) were located at 433802 E and 5126912 N, with hole A drilled to a depth of 149 m, hole B to 117 m, and hole C to 101 m. Over four phases of drilling between 2020 and 2022, Graycliff drilled 61 holes totaling more than 12,500 metres, with 38 of the 61 holes having gold mineralized intervals and 40% of those 38 holes including sightings of visible gold. The company plans to use the analytical data and sample material from the three HQ-sized drill holes for initial mineralogical investigations, mineral extraction analysis, and initial mineral concentration studies, which will help formulate plans for a program of bulk sampling on the project. The company will also be developing new models for other known exploration targets on the property in advance of follow-up drilling to expand and better define the known gold mineralization.

Graycliff Announces LIFE Financing for Advancing Shakespeare Project

(CSE:GRAY) Graycliff Exploration Limited announced a non-brokered private placement offering of up to 8,000,000 units at a price of $0.35 per Unit, for aggregate gross proceeds of up to $2,800,000. Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at $0.55 for twelve months from issuance, but not exercisable for the first 60 days. The company intends to use the net proceeds to advance exploration activities at its Shakespeare property, as well as for general corporate purposes and administrative expenses. Eligible finders may receive a fee equal to 8% of the aggregate cash proceeds and 8% of the aggregate number of Units issued in Finder Warrants, which have the same terms as the Warrants. The Offering is scheduled to close on or about June 30, 2026. Graycliff Exploration has drilled over 12,900 metres to date at its 1,366 hectares of prospective ground, located roughly 88 km west of Sudbury. The Units will be issued pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106.

Graycliff Exploration Closes Mineral Claim Purchase

(CSE:GRAY, OTCQB:GRYCF) Graycliff Exploration Limited announced it has closed its acquisition with King Gold Mines Ltd. to acquire a 100% legal and beneficial interest in thirteen (13) strategic mineral claims abutting the Company's Shakespeare Gold Project in the Sudbury Mining District of Ontario. Graycliff paid $10,000 and issued 300,000 common shares as full and final payment for the claims, with 150,000 shares subject to a 4 months and a day hold period and the remaining 150,000 shares held in escrow until December 31, 2026. The company received a total of $22,500 from the exercise of two common share purchase warrants originally issued in the April 2026 financing, resulting in the issuance of 125,000 common shares with a regulatory hold until August 8, 2026. Graycliff entered into a marketing agreement with Epstein Research for investor relations services at an aggregate of US$12,000, or US$2,000 per month, for an initial term of six months from June 15, 2026 to December 15, 2026. The Shakespeare Project consists of one crown patented lease, two crown leases, and 82 claims on a property that includes the historic Shakespeare Gold Mine, which operated from 1903 to 1907. Graycliff has drilled over 12,900 metres to date, with visible gold mineralization and significant gold assay intervals in numerous drill holes. The company projects the potential for additional mineralization on the newly acquired mineral claims and expects that securing the claims will allow immediate expansion of the search area for the mineralized footprint.

Graycliff Exploration to Expand Sudbury Footprint Through the Acquisition of Thirteen Strategic Mineral Claims Adjacent to High-Grade Shakespeare Project

(CSE:GRAY, OTCQB:GRYCF) Graycliff Exploration Limited announced it has entered into an asset purchase agreement dated June 5, 2026, with King Gold Mines Ltd. to acquire a 100% legal and beneficial interest in thirteen (13) strategic mineral claims located in the Shakespeare Township within the Sudbury Mining District of Ontario. The consideration for the acquisition includes a cash payment of $10,000 CAD and the issuance of 300,000 common shares of the Company, with 150,000 of the issued Purchaser Shares held in escrow until December 31, 2026. The Purchaser Shares will be issued at a deemed price per share equal to the closing price of Graycliff's shares on the day prior to closing, and all Purchaser Shares will be subject to a four-month-and-a-day statutory hold period. The acquisition remains subject to customary closing conditions, including the acceptance of the Canadian Securities Exchange. Recent assay results reported high-grade gold of up to 3,030 g/t gold over 1.0 metre within an overall interval assaying 454.34 g/t gold over 7.0 metres from the initial metallurgical test hole (Hole A) on the Shakespeare Gold Project. The company projects that securing the Claims will allow Graycliff to immediately expand upon the search area for the mineralized footprint defined by its recent drilling success and ensure the Company commands the strike extensions and areas that cover parallel structures that could be very important in future exploration.

Graycliff Receives Drill Results up to 3030 g/t Gold over 1.0 metre at Shakespeare Gold Project, Ontario

(CSE:GRAY) Graycliff Exploration Limited announced very high grade assay results from the drill core that it purchased in March 2026, with Hole A returning a 7.0 m interval grading 454.34 grams per tonne gold (g/t Au) at a depth of 123 m. The company holds 100% interest in the 1,025 hectare, readily accessible property where gold mining was first initiated more than 100 years ago in 1903. Over the four phases of drilling completed between 2020 and 2022, Graycliff drilled 61 holes totalling more than 12,500 metres, with 38 of the 61 holes having gold mineralized intervals and 40% of those 38 holes including sightings of visible gold. The company has adopted semi-annual financial reporting pursuant to Coordinated Blanket Order 51-933, and will no longer file interim financial reports and related MD&A for its three-month and nine-month interim periods, with the initial interim period for which the company will not file being the three-month period ended September 30, 2026. The company will continue to file audited annual financial statements and MD&A (due 120 days after December 31) and unaudited six-month financial statements and MD&A (due 60 days after June 30). The company anticipates receipt of the assay results for the remaining two metallurgical test holes in the coming weeks as it begins to reactivate work on the overall Shakespeare project 84 km west of Sudbury, Ontario. The company will use the analytical data as well as sample material from the three HQ-sized drill holes as the basis for initial mineralogical investigations, mineral extraction analysis and for initial mineral concentration studies.

Graycliff Exploration Announces New CFO and Independent Director

Graycliff Exploration Limited (CSE: GRAY) announced the appointment of Jason Baker as Chief Financial Officer, replacing Julio DiGirolamo, who has also resigned as director. Walter Henry, CFA, has been appointed as an independent director, bringing extensive finance and mining sector experience. The company is focused on its 1,468 hectares of prospective ground near Sudbury, with over 12,500 metres drilled at its Shakespeare Project, where visible gold has been identified in a significant number of holes. The announcement also references forward-looking information regarding an Offering and intended use of proceeds. These changes and project updates are significant for investors monitoring management and operational progress.