Grizzly Provides Update and Engages Investor Relations Consultant - Seite 3

INVESTOR RELATIONS CONSULTANT

The Company announces that is has entered into a new investor relations consulting agreement the "IR Agreement") with Mr. Stephen Smart, an individual residing in Brazil. The Company had previously engaged Mr. Smart for a one year term in 2013. Mr. Smart will provide investor relations services to the Company, including communicating with prospective shareholders to increase awareness of and interest in the Company for a term of two years. Mr. Smart is a corporate finance consultant whose primary business involves introducing clients to investment opportunities. Mr. Smart is a shareholder of the Company.

In consideration of Mr. Smart's services, the Company will issue to Mr. Smart options (the "Options") to acquire up to 400,000 common shares ("Common Share") of the Company at an exercise price of $0.10 per Common Share pursuant to the terms of the Company's stock option plan (the "Plan"). The Options shall vest in equal installments during the first year of the term and shall expire two years from issuance or earlier in accordance with the Plan.

The IR Agreement is effective for a period of two years, and both the IR Agreement and the issuance of options are subject to the approval of the TSX Venture Exchange.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 48.7 million shares issued, focused on developing its precious metals properties in southeastern British Columbia and significant Potash assets in Alberta. The Company holds, or has an interest in: metallic and industrial mineral permits for potash totaling more than 425,000 acres along the Alberta-Saskatchewan border; over 235,000 acres of precious-base metal properties in British Columbia; and more than 185,000 acres in properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.

On behalf of the Board

Grizzly Discoveries Inc.

Brian Testo, President

For further information, please visit our website at http://www.grizzlydiscoveries.com.

The content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.