Grizzly Announces Significant Conductivity and Chargeability Anomalies Detected from Recent IP Survey at Sappho Critical Minerals Target, Greenwood, British Columbia

Executive Summary

• Grizzly Discoveries received preliminary IP survey results that identified a strong near‑surface conductivity anomaly and a deeper chargeability anomaly at the Sappho Critical Minerals Target, supporting further drilling.
• Fully funded drill program of 4–6 holes (≈1,500–2,000 m) is slated to start in early‑to‑mid April 2026 to test the conductive zone.
• Historical and recent surface work continues across multiple project areas, with >220 rock‑grab samples from 2025 fieldwork pending release.

Key Details

• IP Survey Scope: 4 lines covering 4.5 km completed; two major anomalies detected:
• Conductivity anomaly on Lines 9600 & 9700 coincident with historic skarn drill intercepts (holes 10SP02/10SP03, 2010).
• Deeper chargeability anomaly on Lines 9400 & 9500 (20–30 mV/V), aligned with a major fault and comparable to recent BC porphyry discoveries.
• Planned Drilling: Fully funded program of 4‑6 drill holes, targeting ~1,500‑2,000 m of core, to commence early‑to‑mid April 2026 pending weather conditions.
• Historical Drill Results (2010):
• Up to 0.31 % Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd, 6.57 g/t Ag over 6.5 m in skarn (hole 10SP03).
• Notable high‑grade intervals: 3.82 g/t Au & 199 g/t Ag over 1 m; 1.83 g/t Pt & 2.09 g/t Pd over 1 m.
• Surface Sampling Highlights (2022–2025):
• Five new sulphide showings discovered in 2022, four with >1 % Cu (up to 7.25 %).
• Total of 17 rock‑grab samples >1 % Cu (max 9.06 % Cu); 11 samples >500 ppb Pt/Pd (max 4.64 g/t Pt, 2.28 g/t Pd).
• Geological Context: Target lies on the East Fault contact of the Toroda Graben; skarn and porphyry‑type alteration associated with Jurassic alkalic intrusions and younger diorite bodies.
• Additional Exploration Activities: Ongoing surface work in Greenwood, Rock Creek, Midway, Copper Mountain, Overlander‑Attwood areas; plans for further IP, magnetics, and Loupe EM surveys across Sappho, Midway, and Motherlode zones.
• Rock‑Grab Sampling (2025): >220 samples collected; results pending release.

Notable Quotes

“Anomalous ground magnetics and now IP has outlined multiple new targets across the Sappho Project. I am excited to see what the next phase of IP work and drilling might show us – Grizzly will continue to refine these targets to the drill‑ready stage for drilling in the next couple of months and I look forward to identifying some new discoveries.”
— Brian “Griz” Testo, President & CEO

Materiality Assessment: Material – Positive** (the release announces significant geophysical anomalies and a fully funded drill program that could materially affect the company’s valuation if successful).