Graycliff Exploration Announces New CFO and Independent Director

About this update from Magma Silver Corp.

Toronto, Ontario--(Newsfile Corp. - May 1, 2026) - Graycliff Exploration Limited (CSE: GRAY) (OTC Pink: GRYCF) (FSE : GE0) (the "Company" or "Graycliff") is pleased to announce that further to his role as a director of the Company, Jason Baker has been appointed Chief Financial Officer ("CFO"), replacing Julio DiGirolamo, who has also resigned as director. Mr. Baker is a finance professional with Altus Capital Partners, a boutique investment bank based in Vancouver, B.C. Over the past two years, he has helped raise more than $35 million in equity financings for public and private companies, including Scorpio Gold Corp. and Magma Silver Corp. He has served as CFO and as a board member of multiple public and private companies, and currently serves in these roles for Magma Silver Corp. Mr. Baker holds a Bachelor of Commerce in finance from the UBC Sauder School of Business and an accounting diploma from Langara College. Concurrently, the Company has appointed Walter Henry, CFA (Chartered Financial Analyst) as an independent director. Mr. Henry brings extensive experience in the finance and mining sectors, having worked with CIBC, BNP Paribas, and PricewaterhouseCoopers (PwC), where he managed investment portfolios and structured project financing transactions exceeding $1 billion. Since 2003, he has held senior executive roles with Tiberon Minerals, Royal Nickel Corporation, Alturas Minerals, and Alexandria Minerals Inc. Mr. Henry has also served in numerous board leadership positions, including Chairman of the Board and Audit Committee Chair. He currently sits on the boards of Alturas Minerals, Frontline Gold, Riverside Resources and Advanced Gold Exploration. He has a CFA designation and an ICD.D (Institute of Corporate Directors, Director) designation. Julio DiGirolamo has resigned as CFO and director as part of a planned transition to focus on other responsibilities and interests. "On behalf of the Board and management, we want to sincerely thank Julio for his years of dedicated service and valuable contributions to Graycliff, and we wish him the very best in his future endeavors," stated James Macintosh, Chairman. About Graycliff Exploration LimitedGraycliff Exploration is a mineral exploration company focused on its 1,468 hectares of prospective ground, located roughly 80 kilometres west of Sudbury on the pr...

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