ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Grosvenor Resource Corporation has successfully closed a non-brokered private placement financing, raising gross proceeds of $325,000. The offering consisted of 6,500,000 units priced at $0.05 per unit, originally announced on December 17, 2025.

The completion of this financing provides Grosvenor with working capital to advance its business operations and strategic initiatives. Non-brokered private placements are commonly used by junior resource companies as they avoid broker fees and commissions, allowing the company to retain more of the raised capital.

While the financing amount is relatively modest by industry standards, it represents an important capital injection for the company's ongoing activities. The successful closure of the placement indicates investor confidence in Grosvenor's prospects and management's ability to execute on their business plan. The funds will likely be allocated toward general corporate purposes and advancing the company's resource projects, though specific use of proceeds was not detailed in the announcement.