Mr. Brian Testo reports

GRIZZLY ANNOUNCES PRIVATE PLACEMENT

Grizzly Discoveries Inc. has arranged a private placement offering of units, FT (flow-through) units and CMFT (critical mineral flow-through) units for gross proceeds of up to $2-million if fully subscribed.

The offering consists of up to 10 million units at five cents per unit for gross proceeds of up to $500,000, and any combination of units and FT units at 5.5 cents per FT unit, and CMFT units at six cents per CMFT unit, for additional gross proceeds of up to $1.5-million. In total, the maximum number of units to be offered in the offering range from 35 million to 40 million depending on the type of units sold, up to the maximum gross proceeds of $2-million.

Each unit, priced at five cents per unit, shall consist of one common share of the company and one common share purchase warrant, entitling the warrantholder to purchase an additional common share for 12 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 18 cents per common share for 10 consecutive trading days; and (b) 24 months (two years) from the date of issuance.

Each FT unit, priced at 5.5 cents per FT unit, shall consist of one common share and one-half of one common share purchase warrant, each of which shall be issued as a flow-through share for the purposes of the Income Tax Act (Canada). Each whole FT unit warrant shall entitle the holder to purchase an additional common share for 12 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 18 cents per common share for 10 consecutive trading days; and (b) 24 months (two years) from the date of issuance.

Each CMFT unit, priced at six cents per CMFT unit, shall consist of one common share and one-half of one common share purchase warrant, each of which shall be issued as a flow-through share for the purposes of the Income Tax Act (Canada). Each whole CMFT unit warrant shall entitle the holder to purchase an additional common share for 12 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 18 cents per common share for 10 consecutive trading days; and (b) 24 months (two years) from the date of issuance.

The offering is being offered to qualified subscribers in the provinces of Alberta, British Columbia and Ontario, and in other jurisdictions as the company may in its discretion determine, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation. The company intends to close the offering in mid-October and may close in two or more tranches. There is no minimum to the offering.

The company intends to use the proceeds of the sales of the units for general working capital, mineral rights acquisition, any proceeds from the FT units for exploration of the company's mineral properties and any proceeds from the CMFT units for the exploration of the company's mineral properties specifically targeting critical minerals (as defined by the Income Tax Act (Canada)).

In connection with the offering, the company may pay finders' fees payable in any combination of cash and non-transferable warrants to registered broker dealers, limited market dealers or arm's-length persons in accordance with the policies of the TSX Venture Exchange, and applicable securities legislation and regulations. The common shares and any common shares issued on exercise of the warrants are subject to restrictions on trading until four months and one day from the date of issuance in accordance with the policies of the exchange.

The offering is subject to acceptance of the TSX Venture Exchange.

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 early exploration stage through to feasibility stage.

We seek Safe Harbor.