Grizzly Samples 299 g/t Silver Along with Anomalous Copper, Lead, Zinc, and Molybdenum at Its Beaverdell Target at the Greenwood, BC Precious and Battery Metals Project

The most recent news, dated October 23, 2025, reports assay results from a reconnaissance rock grab sampling program conducted in July 2025 at Grizzly Discoveries Inc.'s Beaverdell Target, part of the Greenwood, BC Precious and Battery Metals Project. The results highlight a sample yielding 299 g/t silver, along with anomalous copper, lead, zinc, and molybdenum.

The company's President and CEO, Brian Testo, stated that these are "very exciting and encouraging exploration results" and reiterated plans for drilling in the fall of 2025 at various targets, including Midway, contingent on the successful completion of the recently announced $1 million private placement financing. The news confirms that work permits are in place for four targets. The release notes that rock grab samples are selective by nature and may not be representative of overall mineralization.

While the reported assay results are individually high-grade for silver and associated base metals, they are derived from "reconnaissance rock grab sampling." Such samples are inherently selective and often target the most visually promising mineralization, meaning they may not be representative of the broader deposit. As such, these preliminary results, while positive, are routine for early-stage exploration and do not constitute a material game-changer.

The critical context for this news is the company's precarious financial position and ongoing difficulties in securing adequate funding. The company has repeatedly announced and extended a $1 million private placement financing (initially in April 2025, only raising $150,000, and again in September 2025, extended in October 2025), which is explicitly stated as necessary to fund the planned fall 2025 drilling and trenching programs at the Midway target. The latest financial statements (April 30, 2025) indicated a cash position of only $69,304 and negative working capital of approximately -$367,688, with accounts payable exceeding $660,000. Furthermore, a significant portion of the intended proceeds from the struggling financing is allocated to outstanding management fees and corporate overhead, rather than solely to exploration.

Additionally, recent news (September 11, 2025) revealed that certain Motherlode Crown Grants, which Grizzly had an agreement to acquire from First Majestic Silver Corp., were forfeited due to non-payment of taxes. While Grizzly asserts its own mineral claims overlap these areas and provide tenure security, this introduces an element of uncertainty regarding the security and extent of the Motherlode project's tenure, which was previously presented as a key acquisition.

Therefore, despite the positive individual sample results, the material impact of this news is tempered by the company's ongoing struggle to fund its operations and exploration, the preliminary nature of the samples, and the unresolved tenure issues at Motherlode. The market response to this news is likely to be neutral, as it does not fundamentally alter the company's short-term financial risks or operational capabilities for large-scale exploration.

Grizzly Discoveries Inc. is a Canadian mineral exploration company focused on precious and battery metals in British Columbia. Its primary asset is the Greenwood Precious and Battery Metals Project, located in the historically prolific Greenwood Mining District of southeastern British Columbia. The company holds over 170,000 acres (approximately 72,700 hectares) in the region.

The project encompasses several target areas, including: * Motherlode Mine Area: A historically significant copper-gold-silver producing mine (76.9 million lbs Cu, 173,319 oz Au, 688,203 oz Ag from 1900-1962). Drilling permits are in place, and historical resources (non-NI 43-101 compliant) and recent sampling indicate high-grade potential. The acquisition of Motherlode Crown Grants has been complicated by forfeiture of certain grants due to non-payment of taxes, although Grizzly claims overlapping mineral claims ensure tenure. * Midway Target Area: Features the historical Midway mine with high-grade polymetallic (gold-copper-silver-lead-zinc) mineralization. Recent sampling in 2022-2023 yielded up to 70.8 g/t Au and 2,140 g/t Ag. Drill permits are in place. * Beaverdell Target: Historically known for its high-grade silver production (Beaverdell mine: 34.5 million oz Ag). Recent reconnaissance sampling has shown high-grade silver (up to 299 g/t Ag). * Other Targets: Sappho, Copper Mountain (Prince of Wales, Coronation, Mabel Jenny), and Imperial, all with drill permits obtained.

The company's strategy involves exploring these historically productive areas, leveraging historical data and recent sampling to define new drill targets for high-grade gold, silver, copper, and battery metals.