Graycliff Exploration Announces AGM Results

Graycliff Exploration Limited reported successful completion of its Annual General Meeting held on March 30, 2026, where shareholders representing 8,802,497 common shares voted on routine corporate matters. All proposed items received approval, including fixing the board size at five directors and electing James Macintosh, Arndt Roehlig, Julio DiGirolamo, Bruce Durham, and Jason Baker to serve until the next annual meeting. The company also reappointed Clearhouse LLP as auditors and formally received its 2025 and 2024 audited financial statements.

Significantly, Graycliff announced that its March 3, 2026 private placement has been oversubscribed, prompting the company to increase the offering size from $600,000 to $650,000. Each unit consists of one common share plus one-half warrant exercisable at $0.18 per share for one year from issuance. This oversubscription indicates strong investor interest in the company's prospects.

Graycliff operates the Shakespeare Project, a 1,468-hectare gold exploration property located approximately 80 kilometers west of Sudbury, Ontario, on the Canadian Shield. The project encompasses the historic Shakespeare Gold Mine site and consists of crown patented and leased ground plus 40 claims. The company has completed over 12,500 meters of drilling to date, with visible gold identified in multiple holes.

The successful AGM and oversubscribed financing provide Graycliff with governance stability and additional capital to advance exploration activities at Shakespeare. The company's position near Sudbury in Ontario's established mining jurisdiction, combined with its drilling results showing visible gold, positions it well within the junior gold exploration sector.