Grizzly Announces that a Crew Has Been Mobilized and Commenced Fieldwork at Greenwood, BC Precious and Battery Metals Project

The most recent news release from November 19, 2025, announces that Grizzly Discoveries Inc. has mobilized a crew and commenced fieldwork at its Greenwood, BC Precious and Battery Metals Project. The fieldwork is in preparation for trenching and drilling at multiple targets.

Key points from the release: - Field crew mobilized for fieldwork at various targets within the 170,000+ acre Greenwood Project. - The company is preparing for trenching and drilling at high-grade gold-silver-copper-lead-zinc showings and historical mines in Fall 2025 or early 2026, alongside exploration for battery metal prospects. - Drilling and trenching permits have been approved for the Midway, Sappho, Copper Mountain, and Imperial target areas. - The company completed the Midway Mine option, acquiring 100% interest in the Midway Mine Claims by issuing 433,334 common shares in lieu of a $10,000 cash payment. The claims are subject to a 1% Net Smelter Return (NSR) royalty. - Grizzly also settled $16,250 of outstanding debt with arm's length creditors by issuing 541,667 common shares at a deemed price of $0.03 per share.

The CEO, Brian Testo, expressed excitement about pursuing high-grade targets and battery metal prospects, emphasizing the vast unexplored potential of their landholdings.

This news is a routine positive development for Grizzly Discoveries Inc. The commencement of fieldwork is a critical operational step for an exploration company, demonstrating that the company is actively executing on its plans following permit approvals and recent financing efforts. It aligns with the previously stated intention to begin drilling and trenching in Fall 2025 / early 2026.

The confirmation of approved drilling and trenching permits for key targets (Midway, Sappho, Copper Mountain, Imperial) de-risks the immediate exploration pipeline, allowing for direct follow-up on promising areas.

The completion of the Midway Mine option, leading to 100% ownership of the Midway Mine Claims, simplifies the project's ownership structure and provides full control over future development, albeit at the cost of share dilution and a 1% NSR. The debt settlement, while minor, helps clean up the balance sheet by reducing outstanding payables, but also contributes to shareholder dilution.

The issuance of shares for the Midway option and debt settlement (totaling 975,001 shares) further increases the outstanding share count. Given the company's current low share price and tight financial situation (as evidenced in prior financial statements and financings), any dilution is notable, but these particular issuances are relatively small compared to the overall share structure and the recent private placements.

Overall, the news indicates steady, albeit slow, operational progress in line with expectations for a junior exploration company. It does not present a "game-changer" event but solidifies the path for upcoming exploration activities.

Grizzly Discoveries Inc. (TSXV: GZD, FSE: G6H, OTCQB: GZDIF) is a Canadian mineral exploration company focused on the discovery and development of precious and battery metals properties.

Flagship Project: The Greenwood Precious and Battery Metals Project, located in southeastern British Columbia, Canada. This extensive land package covers over 170,000 acres (72,700+ hectares) in a historic mining district.

Key Projects/Targets within Greenwood: - Midway: High-grade polymetallic (gold-silver-copper-lead-zinc) target, including the historical Midway Mine. Recent sampling yielded high-grade gold and silver. Drilling and trenching permits are now approved. - Motherlode: A historical copper-gold-silver mine area where Grizzly is working to acquire Crown grants from First Majestic Silver Corp. (though some grants were forfeited due to tax non-payment). Historical production and significant sampling results indicate strong potential for copper-gold skarn mineralization. The company retains a 1% NSR royalty on these grants, with an option to purchase it for $250,000. - Sappho, Copper Mountain (Prince of Wales, Coronation, Mabel Jenny), Imperial: These are additional priority exploration targets for which drilling and trenching permits have been approved. - Beaverdell: An area where prospecting and sampling were conducted in July 2025, situated within a district historically known for silver, gold, zinc, and lead production (e.g., Beaverdell mine).

The company's strategy involves exploring these various high-grade showings and historical mines, with an increasing focus on battery metal prospects within its large land holdings. The current stage is early-stage exploration, primarily consisting of sampling, mapping, and preparing for drilling.