Grizzly Receives Work Permits to Conduct Drilling and Trenching at Four of Its Targets at The Greenwood, BC Precious and Battery Metals Project

Executive Summary

• Grizzly Discoveries Inc. received drilling and trenching permits for multiple priority targets in the Greenwood area (Midway, Sappho, Copper Mountain, Imperial).
• The company announced a private placement to raise up to $1 million to fund fall‑2025 exploration, primarily at the Midway target.
• Historical sampling at Midway shows high‑grade gold, silver and copper anomalies, supporting the planned drilling program.

Key Details

• Permits Issued: Drilling and trenching permits granted by the BC Ministry of Mining and Critical Minerals for Midway, Sappho, Copper Mountain (Prince of Wales, Coronation, Mabel Jenny) and Imperial targets.
• Financing – Private Placement:
• Gross proceeds target: up to $1 million.
• Purpose: fund fall‑2025 drilling and trenching at Midway and additional exploration across the Greenwood district.
• Midway Historical Highlights (2022–2024):
• Rock grab sample – 12.05 g/t Au (0.351 opt) up to 70.8 g/t Au (2.065 opt).
• Silver grades – 1,360 g/t Ag (39.7 opt) to 2,140 g/t Ag (62.4 opt).
• New showings (2023): up to 5.64 g/t Au (0.165 opt) north of Midway; 4.19 g/t Au (0.122 opt) west of Midway.
• Soil anomalies: >100 ppb Au, >200 ppm Cu across at least six new areas (2022‑2024).
• Outcrop sample 200 m west of main mine – 15.85 g/t Au (0.462 opt) and 1,530 g/t Ag (44.6 opt).
• Planned Fall 2025 Exploration:
• Trenching, rock & soil sampling, and drilling at Midway; scope contingent on financing closure.
• Additional rock‑sampling results (e.g., Beaverdell) to be released as available.
• Quality Assurance: Samples analyzed by ALS Global Laboratories (ISO/IEC 17025:2017 accredited); fire assay with atomic emission spectrometry used for Au.
• Qualified Person: Michael B. Dufresne, M.Sc., P.Geol., P.Geo., non‑independent consultant, reviewed technical content per NI 43‑101.

Notable Quotes

“We are excited and are looking forward to pursuing a number of high grade gold – silver – copper – lead‑zinc showings and historical mines with drilling in the fall of 2025 along with additional exploration for significant battery metal prospects in our current 165,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!” – Brian Testo, President & CEO

Materiality Assessment: Non‑Material – Positive (the announcement provides positive forward‑looking information but does not constitute a material financial event).