Graycliff Exploration Invites Shareholders and Investment Community to Visit Us at Booth 301 at the VRIC in Vancouver, May 17-18, 2022

Graycliff Exploration Limited (CSE: GRAY) (OTCQB: GRYCF) (FSE: GE0) (the "Company" or "Graycliff") would like to cordially invite you to visit us at Booth #301 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday, May 17 - Wednesday, May 18, 2022.

Graycliff's CEO, James Macintosh and Director, Nicholas Konkin would be there to answer any of the questions related to Company's Shakespeare and Baldwin Gold Projects near Sudbury, Ontario.

Former Prime Minister of Canada, Stephen Harper and Former President of Mexico, Felipe Calderon are two of the marquee speakers at the 2022 Resource Investment Conference. The Vancouver Resource Investment Conference (VRIC) will host over 100 international keynote speakers covering the hottest topics in finance, economics and geopolitics and will include a marketplace of 225 investment opportunities in the mining industry, spanning early-stage exploration to advanced producing mines.

For more information and/or to register for the conference, please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.

We look forward to seeing you there.

About Graycliff Exploration Limited

Graycliff Exploration is a mineral exploration company focused on its 1,025 hectares of prospective ground, located roughly 80 kilometres west of Sudbury on the prolific Canadian Shield. The Company's Shakespeare Project consists of one crown patented lease, two crown leases and 40 claims on a property associated with the historic Shakespeare Gold Mine, which operated from 1903 to 1907. Graycliff's Baldwin Project is adjacent to the east and is comprised of 68 claims covering 1,500 hectares.

For more information, please contact investor relations at 1-647-249-7664 ext. 322 or email investors@graycliffexploration.com.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121756

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Graycliff Exploration CSE:GRAY Gold Investing

GRAY:CC

Graycliff Exploration Intersects 5 Metres of Gold Mineralization Grading 6.23 g/t at Shakespeare Project, Ontario

Graycliff Exploration Limited (the "Company" or "Graycliff") (CSE:GRAY)(OTCQB:GRYCF)(FSE:GE0) is pleased to release a new batch of assay results from drilling the Phase Three drilling program at its Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Three (see press release dated June 3, 2021) focused on expanding on the extent of gold mineralization proximal to the historic Miller Shaft where initial gold mining took place more than 100 years ago

Drill Hole J-36 intersected 6.23 grams per tonne of gold ("g/t Au") over 5.00 metres ("m"), including 14.30 g/t Au over 1.00 m. Results continue to show strong gold mineralization extending from surface to the current limit of drilling at depth. Significant intervals for Holes J-34 to J-39 are detailed below.

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Graycliff Exploration Intercepts 2 Metres of Gold Grading 20.52 g/t at Shakespeare Project, Ontario

Graycliff Exploration Limited (the "Company" or "Graycliff") (CSE:GRAY) (OTCQB:GRYCF) (FSE:GE0) is pleased to announce assay results from drilling on its Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. The results are assays from Phase Three of the drilling program (see press release dated June 3, 2021) that focused on expanding the extent of gold mineralization proximal to the historic Miller Shaft where gold mining took place more than 100 years ago

Drill Hole J-31 intersected 20.52 g/t gold ("Au") over 2.00 metres ("m") including 39.00 g/t Au over 1.00 m. Other notable intersections included 3.9 g/t Au over 2.00 m and 5.6 g/t over 1.00 m. Significant intervals for holes J-25-21 to J-33-21 are detailed below:

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VIDEO — Rick Rule: Gold, Oil and Gas, Coal, Water — Commodities for Now and Later

Rick Rule: Gold, Oil and Gas, Coal, Water — Commodities for Now and Lateryoutu.be

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Speaking to the Investing News Network at the recent Vancouver Resource Investment Conference (VRIC), Rule, who is proprietor at Rule Investment Media, said he sees today's circumstances as an opportunity.

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Drill Hole	From (m)	To (m)	Width (m)¹	Au (g/t)²
J-34	170.00	172.00	2.00	2.32
J-35	120.00	121.00	1.00	1.13
	131.00	132.00	1.00	1.04
	134.00	136.00	2.00	1.88
J-36	128.00	130.00	2.00	2.89
	105.00	110.00	5.00	6.23
	Including
	107.00	108.00	1.00	14.30
J-37	61.00	63.00	2.00	1.87
J-38	66.00	67.00	1.00	2.21
J-38	74.00	77.00	3.00	1.40
J-39	62.00	64.00	2.00	1.93

Drill Hole	From (m)	To (m)	Width (m)¹	Au (g/t)²
J-25	80.00	81.00	1.00	1.68
J-25	85.00	86.00	1.00	1.66
J-26	No Significant Intervals
J-27	128.00	130.00	2.00	2.89
J-28	No Significant Intervals
J-29	No Significant Intervals
J-30	147.00	148.00	1.00	5.60
J-31	165.00	167.00	2.00	2.57
	202.00	204.00	2.00	20.52
	including
	203.00	204.00	1.00	39.00
	209.00	211.00	2.00	3.91
J-32	Hole was abandoned at 56 m (no samples were assayed)
J-33	No Significant Intervals

Sample Number	Cut Length (m)¹	Au (g/t)
E6285215	0.58	1.32
E6285221	0.80	5.48
E6285227	0.56	54.20
E6285228	0.30	1.26
E6285233	1.35	7.70
E6285235	0.70	1.24
E6285239	0.53	2.25
E6285247	0.74	2.13
E5703262	0.49	15.30
E5703263	1.23	9.16
E5703264	0.71	137.00
E5703283	1.32	2.36

Drill Hole		From (m)		To (m)		Width (m)¹		Au (g/t)²
	J-1		76.40		81.00		4.60		5.51
	J-1	Including
	77.40		78.20		0.80		23.60
And
	79.20		81.00		1.80		3.00
	J-3		114.50		119.50		5.00		5.37
	J-3	Including
	114.50		115.50		1.00		18.50
And
	118.80		119.50		0.70		4.34
	J-7		68.5		74.0		5.5		8.59
	J-7	Including
	71.0		72.0		1.0		43.60
And
	73.0		74.0		1.0		1.83
	82.5		84.0		1.5		6.00
	J-8		89.0		105.0		16.00		16.37
	J-8	Including
	90.5		102.0		10.50		6.50
and also including
	102.0		105.0		3.00		66.98
Including
	102.3		103.0		0.70		90.00
And
	104.0		105.0		1.00		137.00
	J-9		104.0		120.0		16.0		13.32
	J-9	Including
	109.9		110.8		0.95		3.12
also including
	116.0		120.0		4.0		52.1
as well as
	116.4		117.0		0.6		267.0
And
	117.0		117.5		0.5		68.4
	J-10		36.00		40.00		4.00		5.51
	J-10	Including
	39.50		40.00		0.55		24.60
	48.00		51.00		3.00		3.57
	J-17		87.00		90.00		3.00		4.83
	J-17	Including
	87.00		88.00		1.00		13.40
	J-21		138.00		142.20		4.20		19.38
	J-21	Including
	139.00		140.00		1.00		13.10
And
	140.80		141.40		0.60		112.00
	J-22		167.00		169.70		2.70		46.19
	J-22	Including
	167.90		168.50		0.60		206.00
	190.00		194.80		4.80		46.00
Including
	190.90		191.70		0.80		13.20
And
	194.30		194.80		0.50		415.00

Overview

Company Highlights

Key Projects

Shakespeare Project

Baldwin Project

Management Team

James Macintosh – President & Director

Julio DiGirolamo – CFO & Director

David Lees – Director & Non-Executive Chairman

Nicholas Konkin – Director

Bruce Durham – Technical Advisor

Don McKinnon Jr – Technical Advisor

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