Mr. Brian Testo reports

GRIZZLY CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Grizzly Discoveries Inc., on March 31, 2026, closed on the sale of an additional 5,714,286 flow-through (FT) units, at 3.5 cents per FT unit, for gross proceeds of $200,000, as a second and final tranche of a non-brokered private placement originally announced on Feb. 27, 2026. In total, the company has sold a total of 19,144,286 FT units and 2.03 million units at a price of 3.5 cents per FT unit or unit for aggregate gross proceeds of $741,100 in the offering.

Each unit consisted of one common share of the company and one common share purchase warrant entitling the warrant holder to purchase an additional common share for 5.5 cents and expiring on the earlier of: (a) 30 days following written notice by the company to the warrantholder that the volume-weighted average trading price of the common shares on the TSX Venture Exchange is at or greater than 10 cents per common share for 10 consecutive trading days; and (b) 60 months (five years) from the date of issuance. Each FT unit consisted of one common share and one-half of one common share purchase warrant, each of which were issued as a flow-through share for the purposes of the Income Tax Act (Canada). Each whole FT unit warrant entitles the holder to purchase an additional common share for 5.5 cents and expiring on the earlier of: (a) 30 days following written notice by the company to the warrantholder that the volume-weighted average trading price of the common shares on the TSX Venture Exchange is at or greater than 10 cents per common share for 10 consecutive trading days; and (b) 36 months (three years) from the date of issuance.

The offering was offered to qualified subscribers in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation.

In connection with the sale of an aggregate 600,000 units and 19,144,286 FT units, the company paid cash finders' fees of $41,463 and issued 1,184,657 non-transferable finders' warrants, with equivalent terms to the FT unit warrants, as detailed in an attached table.

Following closing, the company has 227,640,242 common shares issued and outstanding. The common shares and any common shares issued on exercise of the unit warrants, FT unit warrants and finders' warrants are subject to restrictions on trading until dates raging from July 18, 2026, to Aug. 1, 2026. The offering is subject to final acceptance of the TSX Venture Exchange.

The corporation intends to use the proceeds of the offering, as detailed in an attached table.

About Grizzly Discoveries Inc.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 hectares (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team with a record of advancing exploration projects from the early exploration stage through to the feasibility stage.

We seek Safe Harbor.