GZD Grizzly Discoveries Inc

Grizzly Discoveries Inc. (TSX VENTURE:GZD) (OTCQX:GZDIF) (FRANKFURT:G6H)
("Grizzly" or the "Company") is pleased to announce that it has entered into an
amending agreement (the "Agreement") with Mineworks Ventures Inc. ("Mineworks")
with respect of the option agreement between Grizzly and Mineworks dated
February 17, 2009 (the "Option Agreement"), pursuant to which the Company was
granted an option to acquire a 100% interest in the Sidley-Dayton Gold Property
in the Greenwood District in British Columbia (the "Property").


Pursuant to the Amending Agreement, in order to complete the exercise of the
option, Grizzly will issue an additional 200,000 common shares to Mineworks, in
lieu of a $100,000 cash payment originally to be paid in 2013, for an aggregate
total of 450,000 common shares and cash payments totaling $85,000, including the
common shares and cash payments previously paid to Mineworks under the terms of
the original Option Agreement.


All other material terms of the Option Agreement have been confirmed, including
the retention by Mineworks of a combined 2.5% net smelter royalty on the
Property, up to 1.5% of which can be purchased by Grizzly for a price of
$1,500,000. The Amending Agreement remains subject to the approval of the TSX
Venture Exchange.


About Grizzly Discoveries Inc.

Grizzly trades on the TSX Venture Exchange under the symbol GZD, on the OTCQX
exchange under the symbol GZDIF, and the Frankfurt Exchange under the symbol
G6H, with 48,475,268 common shares issued and outstanding.


Grizzly is an aggressive Canadian exploration company focused on: exploring for
potash in Alberta; world class gold and base metal deposits in British Columbia;
and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and
industrial mineral permits for potash totaling more than 2.34 million acres
along the Alberta-Saskatchewan border. Grizzly currently has four precious-base
metal properties in British Columbia totaling over 235,000 acres. Grizzly also
currently holds more than 600,000 acres in diamond properties which host
diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of
Alberta.


On behalf of the Board: Grizzly Discoveries Inc.

Brian Testo, President

Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking
statements" within the meaning of applicable securities laws. This information
and these statements address future activities, events, plans, developments and
projections. All statements, other than statements of historical fact,
constitute forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently identified by words
such as "may," "will," "should," "anticipate," "plan," "expect," "believe,"
"estimate," "intend" and similar terminology, and reflect assumptions,
estimates, opinions and analysis made by management of Grizzly in light of its
experience, current conditions, expectations of future developments and other
factors which it believes to be reasonable and relevant. Forward-looking
information and statements involve known and unknown risks and uncertainties
that may cause Grizzly's actual results, performance and achievements to differ
materially from those expressed or implied by the forward-looking information
and statements and accordingly, undue reliance should not be placed thereon.


Risks and uncertainties that may cause actual results to vary include but are
not limited to the approval of the Amending Agreement by the TSX Venture
Exchange, the availability of financing; fluctuations in commodity prices;
changes to and compliance with applicable laws and regulations, including
environmental laws and obtaining requisite permits; political, economic and
other risks; as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and Analysis and
in other filings made by us with Canadian securities regulatory authorities and
available at www.sedar.com. Grizzly disclaims any obligation to update or revise
any forward- looking information or statements except as may be required by law.

Grizzly Discoveries (TSXV:GZD)
Historical Stock Chart
From May 2024 to Jun 2024

Grizzly Discoveries (TSXV:GZD)
Historical Stock Chart
From Jun 2023 to Jun 2024