Plans For Commencement Of Drill Testing On Precious And Battery Metals Projects

EDMONTON - Grizzly Discoveries Inc. has engaged Full Force Diamond Drilling Ltd. with planning to mobilize and commence drilling in the Greenwood area towards the end of this month at either the copper-gold Motherlode skarn Prospect or the Dayton Skarn/Porphyry Prospect. The Company is currently in the process of obtaining the required permits for drilling at the Robocop Project near Grasmere, BC.

The Company has commenced surface exploration in the Greenwood area while it targets drilling startup in late this month and as it awaits a drilling permit for the Robocop Project. Crews from APEX Geoscience Ltd. commenced soil and rock sampling in June and have conducted sampling at targets in the Rock Creek area, the Midway area and Sappho area to date. Additional groundwork including sampling is being planned for the Mt Atwood-Overlander area, Motherlode area and the Copper Mountain area. Additional groundwork will be composed of one or more of prospecting, rock sampling, soil sampling and ground geophysical surveys.

Grizzly is anticipating that the drilling program will likely commence at Greenwood in late this month and will begin with drilling at either the Dayton copper-gold-silver (Cu-Au-Ag) porphyry target near Rock Creek or at a number of skarn related targets in and around the historical Motherlode Pit area 3 km northwest of the town of Greenwood. All of the drill targets are road or trail accessible and located close to excellent infrastructure. Once permits are received for drilling at the Robocop Project either a second drill rig will be engaged to complete the Robocop drilling or the rig engaged for the Greenwood drill program will be shifted to the Robocop Project.

The Dayton IP2 target (an induced polarization chargeability anomaly) was tested by Grizzly with a single hole in 2011 and intersected potassic altered volcanics and intrusives with a near surface intersection of 0.15% Cu and 0.43 g/t Au (or 0.4% CuEq*) over 51 m core length starting at a depth of 3m.

The Motherlode skarn targets are comprised of Cu-Au-Ag +/- lead-zinc (Pb-Zn) in proximity to the historical producing Motherlode Mine, which produced significant amounts of Cu, Au and Ag. Prior drilling by Grizzly intersected up 17.15 g/t Au, 41.7 g/t Ag, along with , 0.56% Pb and 1.51% Zn over 1.5 m core length.

Brian Testo, President and CEO, stated, "We look forward to the start of the 2022 drill program after completing a significant financing that will allow us to complete our drill programs at the Robocop Battery Metals Project at our Greenwood Precious Metals-Battery Metals Project. Grizzly has significant potential for new copper-cobalt and copper-precious metal discoveries during a time when demand for battery metals is surging due to the shift to renewable energy sources and electric vehicles. We are looking forward to commencing an initial Phase 1 program over the next couple of months to isolate drill targets in preparation for a Phase 2 - 2022 drill testing. The geology of the Robocop and Greenwood areas has the potential to yield world-class discoveries.