Grizzly exercises option to purchase sidley-dayton gold property,… – China Induction Wok Pan

Grizzly Discoveries Inc. (TSXVENTURE:GZD)(OTCQX:GZDIF)(FRANKFURT:G6H) (“Grizzly” or the”Company”) is pleased to announce that it has exercised its optionpursuant to the option agreement between Grizzly and MineworksVentures Inc. (“Mineworks”) dated February 17, 2009 as amended byan amending agreement dated March (the “Option Agreement”) toacquire a 100% interest in the Sidley-Dayton Gold Property in theGreenwood District in British Columbia. Pursuant to the Option Agreement, Grizzly has issued an additional250,000 common shares of the Company (“Common Shares”) to Mineworksat a deemed issue price of $0.28 per Common Share, for an aggregateof 450,000 common shares issued to Mineworks pursuant to the OptionAgreement. Square Frying Pan

About Grizzly Discoveries Inc. Grizzly trades on the TSX Venture Exchange under the symbol GZD, onthe OTCQX exchange under the symbol GZDIF, and the FrankfurtExchange under the symbol G6H, with 48,725,268 common shares issuedand outstanding. Grizzly is an aggressive Canadian exploration company focused on:exploring for potash in Alberta; world class gold and base metaldeposits in British Columbia; and diamonds in Alberta. Grizzlyholds, or has an interest in, metallic and industrial mineralpermits for potash totaling more than 2.34 million acres along theAlberta-Saskatchewan border. China Induction Wok Pan

Grizzly currently has fourprecious-base metal properties in British Columbia totaling over235,000 acres. Grizzly also currently holds more than 600,000 acresin diamond properties which host diamondiferous kimberlites in theBuffalo 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 or contact Investor Relations. Nonstick Frying Pans Manufacturer

Caution concerning forward-looking information This press release contains “forward-looking information” and”forward-looking statements” within the meaning of applicablesecurities laws. This information and these statements addressfuture activities, events, plans, developments and projections. Allstatements, other than statements of historical fact, constituteforward-looking statements or forward-looking information. Suchforward-looking information and statements are frequentlyidentified by words such as “may,” “will,” “should,” “anticipate,””plan,” “expect,” “believe,” “estimate,” “intend” and similarterminology, and reflect assumptions, estimates, opinions andanalysis made by management of Grizzly in light of its experience,current conditions, expectations of future developments and otherfactors which it believes to be reasonable and relevant.Forward-looking information and statements involve known andunknown risks and uncertainties that may cause Grizzly’s actualresults, performance and achievements to differ materially fromthose expressed or implied by the forward-looking information andstatements and accordingly, undue reliance should not be placedthereon. Risks and uncertainties that may cause actual results to varyinclude but are not limited to the availability of financing;fluctuations in commodity prices; changes to and compliance withapplicable laws and regulations, including environmental laws andobtaining requisite permits; political, economic and other risks;as well as other risks and uncertainties which are more fullydescribed in our annual and quarterly Management’s Discussion andAnalysis and in other filings made by us with Canadian securitiesregulatory authorities and available at.

Grizzly disclaims any obligation to update or revise anyforward-looking information or statements except as may be requiredby law. Grizzly Discoveries Inc. Brian Testo President (780) 693-2242 IR PRO COMMUNICATIONS INC. Nancy Massicotte Investor Relations 604-507-3377 / Toll Free: 1-866-503-3377.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s