Grizzly conducts sampling program, arranges financing

Executive Summary

• Grizzly Discoveries Inc. announced a private placement of units and flow‑through units for up to $1 million in gross proceeds.
• The company provided an exploration update on its Beaverdell sampling program (50 rock grab samples) and outlined fall 2025 drilling plans at the Midway and Motherlode targets.
• A purchase agreement with First Majestic Silver Corp. for the historic Motherlode Crown grants is under review after some of the grants were forfeited to the Crown, but Grizzly’s overlapping mineral claims remain secure.

Key Details

• Private Placement Structure
• Up to 8,333,333 units and up to 25 million FT units may be issued.
• Each unit = 1 common share + 1 warrant (exercise price $0.05) exercisable either after the TSX‑V share price ≥ $0.10 for 10 consecutive days or within 24 months of issuance.
• Each FT unit = 1 common share + ½ warrant, issued as flow‑through shares for Canadian tax purposes.
• Offering limited to qualified subscribers in Alberta, BC, Ontario and other jurisdictions per securities exemptions.

• No minimum subscription; proceeds will be adjusted proportionally if less than the maximum is raised.

• Use of Proceeds

• Detailed allocation table (not reproduced) outlines funding for exploration drilling, sampling, analytical work, and related corporate expenses.

• Potential payment of finders’ fees in cash, units or warrants to brokers/registered dealers per TSX‑V policies.

• Beaverdell Exploration Program

• Conducted July 2025; 50 rock grab samples collected from outcrop and mineralized dump material across newly staked claims.
• Claims surround the historic Beaverdell mine (produced ~34.5 M oz Ag, 16,700 oz Au, 30.6 M lb Zn, 25.6 M lb Pb, 1913‑1991).

• Results pending; will be disclosed as received.

• Motherlode Crown Grant Purchase Agreement

• Announced June 17 2024 with First Majestic Silver Corp. to acquire 13 historical Crown grants near Greenwood, BC.
• Some grants forfeited due to unpaid taxes; those are no longer available for acquisition.
• Grizzly’s overlapping mineral claims remain valid and secure, preventing third‑party superseding rights.

• Company is evaluating options regarding the agreement in light of the forfeiture.

• Fall 2025 Exploration Plans

• Planned rock/soil sampling and drilling at Midway and Motherlode targets, contingent on financing.

• Additional results from Beaverdell sampling to be released as they become available.

• Technical Assurance

• Samples analyzed by ALS Global Laboratories (ISO/IEC 17025:2017 accredited).
• Assays performed via fire assay with atomic emission spectrometry; gold reported in g/t Au.
• Technical content reviewed and approved by Michael B. Dufresne, MSc, PGeol, PGeo (qualified person under NI 43‑101).

Notable Quotes

• Brian Testo, President & CEO: “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… While we are disappointed that not all of the Crown grants are available for acquisition, this development ultimately provides greater security for our overlapping mineral claims.”