CHANGE OF AUDITOR

Grosvenor Resource Corp has announced a change in its external auditing firm, effective September 22nd, 2023. Saturna Group, Chartered Professional Accountants LLP has been appointed as the company's new auditor, replacing KPMG LLP. The appointment will remain in effect until the company's next annual general meeting.

This type of auditor change is a routine corporate governance matter that resource companies occasionally undertake. The transition from a Big Four firm like KPMG to a smaller regional firm like Saturna Group may reflect cost considerations or a desire for more specialized service in the junior mining sector. Such changes require board approval and must be disclosed to shareholders and regulatory bodies.

The announcement was made by Tyler Friesen, who serves as both a Director and Chief Financial Officer of the company. As a CPA and CA, Friesen brings professional accounting credentials to the oversight of this transition. For stakeholders, the change represents a continuation of the company's commitment to maintaining proper financial reporting and compliance standards, though investors will want to monitor the transition to ensure it proceeds smoothly and that audit quality is maintained.