Graycliff Exploration Limited released first assay results from Phase Four drilling program at its Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Four drilling focused on testing the boundaries of the mineralized zone, both along strike and at depth. Drill Hole J-48 intersected 10.93 grams per tonne of gold ("g/t Au") over 9.0 metres ("m"), including 19.0 g/t Au over 1.0 m, 28.6 g/t Au over 1.0 m and 24.5 g/t Au over 1.0 m. Drill Hole J-46 intersected 4.43 g/t Au over 7.0 m, including 6.84 g/t Au over 1.0 m and 18.8 g/t Au over 1.0 m. Significant intervals for Holes J-46 to J-48.

Bruce Durham, P.Geo., is a Qualified Person, as that term is defined by Canadian regulatory guidelines under NI 43-101, and has read and approved the technical information contained in this press release.