Grizzly Provides Update and Engages Investor Relations Consultant - Seite 2

The Company also holds almost 425,000 acres of metallic and industrial mineral permits in eastern Alberta along the Saskatchewan border. The Company has determined this area, based on historic drilling showing high grade potash zones underlying the Company's property, as prospective for a potential potash resource. The long term forecasted demand for fertilizer, in particular potash, makes this land position important for longer term development. In consideration of historic drilling, the opportunity for diversification for Grizzly is excellent.

The last year has been a challenge for all players in the resource sector. The TSX Venture Composite Index is near an all-time low, and share prices for most junior resource companies are at historic bottoms. Nevertheless, Grizzly's management is optimistic for the future, particularly with its current land holdings. Brian Testo, Grizzly's CEO, reiterated that "the resource sector survivors will be those companies with strong management holding significant share positions, good properties, cash in the bank, and operating in safe mining environments with little or no geopolitical risk. That describes Grizzly Discoveries in a nutshell."

Management believes that this should inspire a sense of confidence in Grizzly Discoveries, as the features of the Company coincide with what it takes to survive a devastated junior resource market. Management, insiders and associates own over 50% of the shares outstanding, with the President, Brian ("Griz") Testo, holding or controlling over 9 million shares, having invested several million dollars personally. The Company has an adequate treasury with minimal monthly overhead and a committed management team to stay the course.

For Grizzly Discoveries, nothing has changed in the fundamentals. The focus to explore, discover and develop a gold/copper/silver resource in its vast contiguous Greenwood properties, together with the potential opportunity to discover and develop a large potash resource, makes the Company a strong candidate for recovery when the bull markets finally do return to the natural resources sector. Grizzly continues to pursue joint ventures, property options, and financing opportunities, to be positioned to take advantage of the inevitable recovery.