GZD Grizzly Discoveries Inc

Grizzly Diamonds Ltd. (TSX VENTURE:GZD) (FRANKFURT:G6H) ("Grizzly") today
announces that it has signed a contract with Lone Peak Drilling to commence
diamond drilling on the Greenwood Gold Project, South-Central British Columbia.
Grizzly received its Mines Act exploration permit for drilling from the British
Columbia Ministry of Energy, Mines and Petroleum Resources on November 12, 2009.
A diamond drill was mobilized to the property on November 13, 2009 and has
subsequently commenced drilling at the Ket 28 Prospect.


Historic gold showings at the Ket 28 and Lawless areas will be the first targets
drill tested during the fall 2009 program. Additional ground geophysical surveys
and geological mapping are in progress at the Ket 28, Lawless, Copper Mountain
and Sappho areas. The fieldwork commenced during later October and is being
conducted by APEX Geoscience Ltd. As current target identification progresses,
other targets in these and other areas may also be drill tested during 2009 or
early 2010 depending upon time and budget constraints.


All 2009 field and office exploration programs are being conducted under the
supervision of Mr. Michael Dufresne, M.Sc., P.Geol., a principal of APEX
Geoscience Ltd. and a Qualified Person under NI 43-101.


Grizzly is an aggressive Canadian exploration company focused on exploring for
world class gold and base metal deposits in British Columbia and diamonds and
industrial minerals in Alberta. In British Columbia, Grizzly currently has five
precious-base metal properties totaling over 175,000 acres. It currently holds
more than 1 million acres in diamond properties which host diamondiferous
kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta. Grizzly
has also acquired metallic and industrial mineral permits for Potash totaling
more than 1.4 Million acres along the Saskatchewan-Alberta border.


Grizzly trades on the TSX Venture Exchange under the symbol GZD, with 22,943,970
common shares issued to date.


On behalf of the Board

Grizzly Diamonds Ltd.

Brian Testo, President

This news release contains forward-looking statements regarding ongoing and
upcoming exploration work and expected geology, geological formations and
structures. There can be no assurance that such statements will prove accurate.
Such statements are necessarily based upon a number of estimates and assumptions
that are subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated or
projected. Important factors that could cause actual results to differ
materially from expectations are in Grizzly's documents filed from time to time
with the TSX Venture Exchange and provincial securities regulators, most of
which are available at www.sedar.com. Grizzly disclaims any intention or
obligation to revise or update such statements.


This news release also contains technical information that has been publicly
sourced. Grizzly has not independently verified such information and accepts no
responsibility for its accuracy or completeness.

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