Grizzly Closes Private Placement and Completes Midway-Beaverdell Option

Grizzly Discoveries Inc. has closed a private placement raising gross proceeds of $359,875 CAD. The company issued 6,191,668 total units comprising Common, Flow-Through (FT), and Critical Mineral Flow-Through (CMFT) units. The pricing structure included 1,000,000 Common Units at $0.05, 325,000 FT Units at $0.055, and 4,866,668 CMFT Units at $0.06.

In conjunction with the financing, Grizzly Discoveries Inc. completed the Midway-Beaverdell Option, acquiring 100% ownership of 761.25 hectares in the Greenwood Mining District, BC. The consideration for the option consisted of $5,000 CAD cash and 100,000 common shares. Seller Mr. Daniel Hurd retains a 1% Net Smelter Return (NSR) royalty and rights to quarriable rocks.

The proceeds from the transaction are designated for mineral property exploration and general working capital. Following the closing, the company’s share count stands at 240,313,037 common shares. New warrants were issued that are exercisable at $0.12 per share, expiring 24 months from issuance or when the volume-weighted average price (VWAP) is greater than or equal to $0.18 for 10 consecutive days. Both the common shares and warrants are subject to a 4-month hold period expiring February 17, 2027.

Finder’s fees of $21,692 were paid to Canaccord Genuity, Hampton Securities, GloRes Securities, and an individual.

Grizzly Discoveries Inc. (GZD) has completed a financing round of $359,875, marking a routine continuation of the company’s capital-raising activities throughout 2025 and 2026. This follows similar tranches closed in February, March, May, and September 2026. According to Q1-2026 financials, the company held approximately $139,412 in cash, and the modest raise is expected to extend its operational runway without materially altering its capital structure or valuation.

The transaction involves the issuance of approximately 6.2 million units at an average price of roughly $0.058, resulting in about 2.6% dilution on a fully diluted basis. This level of dilution falls within typical ranges for junior explorers. Additionally, Grizzly Discoveries Inc. finalized the Midway-Beaverdell option, an incremental addition to its portfolio. The asset comprises 761 hectares and carries a 1% NSR royalty, a standard term for early-stage options in the district.

The release contains no strategic partnerships, major resource updates, or regulatory milestones. The market had already priced in the necessity for continued exploration funding, and the news aligns with previous expectations and historical execution, offering no unexpected or market-moving information.

Grizzly Discoveries Inc. is an exploration-stage company focused on precious and critical metals in the Greenwood Mining District, British Columbia. The company holds a land package of approximately 180,000 acres contiguous across multiple targets.

The company’s flagship targets include Sappho, which features Cu-Au-Ag-PGEs skarn and porphyry prospects. Recent IP surveys identified significant chargeability anomalies ranging from 30 to 105+ mV/V, interpreted as disseminated sulphides. Midway is a historical Au-Ag mine where recent trenching extended the Main Midway Mine trend, yielding chip samples up to 22.8 g/t Au and 1,120 g/t Ag. Motherlode, a historical Cu-Au-Ag producer, saw Phase 2 IP surveys outline five discrete chargeability anomalies, with two measuring approximately 1 km by 500 m.

The district has historically produced more than 7 million ounces of gold and is situated near neighbors including Kinross Buckhorn and Calibre Golden Eagle projects. Grizzly Discoveries Inc. is currently in the pre-resource exploration stage, with active ground geophysics, trenching, and drilling programs underway.