Grizzly Provides Update and Engages Investor Relations Consultant

EDMONTON, ALBERTA--(Marketwired - Feb. 4, 2015) - Grizzly Discoveries Inc. (TSX VENTURE:GZD)(OTCQX:GZDIF)(FRANKFURT:G6H) ("Grizzly" or the "Company") is pleased to provide an update on its proposed activities to develop its numerous resource properties in British Columbia and Alberta, Canada.

This past year the Company has focused on implementation of significant cost reductions together with consolidation of and key acquisitions for its land holdings, during these difficult junior resource market conditions. The Company has analyzed its portfolio of properties and dropped non-core land positions in its Alberta potash properties, retaining the strategic positions for the future. This has resulted in a reduction from 900,000 acres to 425,000 acres, eliminating carrying costs of the non-core holdings. In the Buffalo Head Hills area, Grizzly has expanded its land position and added strategic claims to consolidate its area of focus around the known kimberlites and future targets. The Company's current land position is approximately 185,000 acres.

Grizzly holds significant mineral claim positions in the Greenwood Gold District near Greenwood, British Columbia, which the Company has assessed as highly prospective for the potential to define and develop gold and silver precious metal resources along with copper. The Greenwood properties lie in an extremely politically stable mining community having strong interests in the exploration and development of assets in the ground. Historic mining in the area produced more than 6.8 million ounces of gold (Dufresne and Banas, 2013). The Motherlode underground and open pit mine historically produced more than 175,000 ounces of gold, 700,000 ounces of silver and 78 million pounds of copper (Dufresne and Banas, 2013).

Kinross' Buckhorn mine in the State of Washington, just across the US border from Grizzly's Greenwood properties, boasted a 1.2 million ounce gold resource at the start of production, and Midway's Golden Eagle deposit, located 40 km from Grizzly's properties, has a 1.74 million ounce indicated gold resource and a further 192,000 ounces in an inferred category (Chapman and Seal, 2009). More than 6.8 million ounces of gold have been produced with another 2+ million ounces of gold in measured and indicated along with another 680,000 ounces inferred as in situ gold resources within a radius of less than 70 km from the Company's mineral claims (Dufresne and Banas, 2013).