Shakespeare Project

• Excellent Infrastructure
• Just off the Trans-Canada Highway
• Power right to site
• Educated workforce
• Shakespeare Mine was in operation from 1903-1907
• Historic exploration included trenching, sampling and limited drilling
• 2,959 oz of Au were produced from six underground areas
• Well-known geology on the prolific Canadian Shield
• Project is located at the contact between the Archean, Southern and Superior geological provinces.

Phase One: Q4 2020 (Completed)

• 7 core holes drilled (~1300 m): anomalous gold in 5 holds, including J-7-20 with 5.5 m of 8.59 g/t Au and J-3-20 with 5.0 m of 5.37 g/t Au.

Phase Two: Q1 2021 (Completed)

• 14 core holes drilled (~2000 m): mineralized zone extended to 115 m, highlighted by high-grade holes J-8-21 with 16 m of 16.37 g/t Au and J-9-21 with 16 m of 13.32 g/t Au & 4 m of 52 g/t Au.

Phase Three: Q2 – Q4 2021 (Completed)

• ~7,000 metres drilled in three phases to date, significantly expanding the existing mineralized zone surrounding the Miller Shaft by ~150 m at depth and 120 m along strike.

Phase 4: Q1-Q4 2022 (Completed)

• 16 holes drilled (~4,550 m) with multiple high-grade, significant-width gold intersections reported including:

J-49: 6.0 m of 10.09 g/t Au at depth of 195 m, incl. 1.0 m of 23.80 g/tAu,1.0 m of 15.40 g/t Au, and 1.0 m of 12.70 g/t Au
J-52: 3.0 m of 14.39 g/t Au at a depth of 178 m, incl. 1.0 m of 41.00 g/t Au
J-53: 5.0 m of 5.35 g/t Au at a depth of 185 m, incl. 1.0 m of 21.40 g/t Au

• Visible gold identified in multiple holes.
• Multiple areas of mineralization identified in the system, width and breadth of the mineralized zone expanded.
• Continuous updating of 3D modelling with new data. Airborne geophysics identified new drill targets: Graycliff will follow up with ground geophysics, field sampling and drilling to test the geology of the numerous anomalies.