Mr. Brian Testo reports

GRIZZLY ANNOUNCES RESULTS OF EXPLORATION ON ITS ROBOCOP COBALT-COPPER-SILVER PROPERTY, BC AND ISSUES OPTIONS

Grizzly Discoveries Inc. has received results from its reconnaissance mapping and sampling program at the Robocop cobalt-copper-silver (Co-Cu-Ag) project near Roosville in southeastern British Columbia. The field crew, provided by APEX Geoscience Ltd., conducted a two-week surface exploration program in advance of a planned follow-up airborne geophysical survey.

The Robocop claims comprise 9,891 acres and are located in southeastern British Columbia, approximately 45 kilometres south of Fernie and 70 kilometres southeast of Cranbrook, immediately north of the Canada-United States border. The property is located east of Grizzly's Greenwood property in southeastern British Columbia.

On Oct. 31, 2018, the company's board of directors authorized the issuance of an aggregate 800,000 options to two directors and a consultant of Grizzly at an exercise price of 10 cents per option, pursuant to the company's stock option plan.

Highlights from the 2018 Robocop property work program:

• Cu-Co mineralization has been identified and sampled 3.8 kilometres to the northwest (Miller Creek) and 3.2 kilometres south (Phillips Creek South) of the main Robocop showings, demonstrating lateral continuity of anomalous Cu-Co mineralization within the Sheppard formation sediments.
• Miller Creek showings yielded up to 1.41 per cent Cu, 0.62 per cent Cu and 0.015 per cent Co from three separate grab samples from sulphide-bearing Sheppard formation sandstones.
• Phillips Creek South returned up to 0.09 per cent Cu and 0.01 per cent Co in limited rock grab sampling from an area with no history of anomalous Cu-Co mineralization.
• Sampling the main Robocop showings confirmed previous anomalous results, with grab samples returning up to 1.46 per cent Cu and 0.036 per cent Co in two separate samples in the area of the historic trenching and drilling.
• The company has obtained a quote and is intending to fly a helicopter airborne geophysical survey over the claim package as soon as financing is obtained.

Geology and prior exploration highlights for the Robocop property:

• The project comprises 9,891 acres in five mineral claims that are all road accessible, just off Provincial Highway 93 in southeastern British Columbia.
• Initial surface trenching in the late 1980s to early 1990s yielded up to 0.06 per cent Co and 1.93 per cent Cu over six metres in one trench and, in a separate trench, up to 0.182 per cent Co, 2.44 per cent Cu and 9.6 grams per tonne Ag in sediment-hosted mineralization within middle Proterozoic Purcell group rocks.
• A total of 15 drill holes in the area between 1990 and 2008 have yielded several intersections of near-surface Co-Cu-Ag mineralization, with grades of up to 0.134 per cent Co, 1.19 per cent Cu and 33.8 g/t Ag over 1.23 metres of core length in hole R-1990-5 as well as 0.14 per cent Co, 0.9 per cent Cu and 2.7 g/t Ag over 3.1 metres of core length in hole R-1990-6, along with an intersection of 0.18 per cent Co, 0.28 per cent Cu and 4.1 g/t Ag over one metre of core length in hole R-2008-02.
• Sediment-hosted Co-Cu-Ag mineralization is similar in style, age and host rocks to eCobalt Solutions Inc.'s Idaho cobalt project as well as Hecla Mining's Revett formation-hosted mineralization near Troy, Mont.

Prior work has identified areas within the Robocop property with significant historic Co-Cu-Ag-in-soil anomalies. Combined with historic drilling during the 1990s (Teck Explorations Ltd.) and early 2000s (Ruby Red Resources) that yielded significantly anomalous near-surface Co-Cu-Ag mineralization, the project warrants follow-up exploration, including additional drilling. The Co-Cu-Ag mineralization is hosted in Sheppard formation and is classified as mid-Proterozoic sediment-hosted mineralization. Based upon recent work by the United States Geological Survey, Robocop Co-Cu-Ag mineralization is similar in style and age of host rocks to mineralization in the Blackbird cobalt-copper-gold-silver district in Idaho, including eCobalt Solutions' Idaho cobalt project, which hosts mineral resources of 3.87 million tons (measured and indicated) at 0.59 per cent Co and 0.85 per cent Cu, along with 1.82 million tons (inferred) at 0.46 per cent Co and 0.81 per cent Cu (please see eCobalt Solutions' press release dated Feb. 7, 2018).

Brian Testo, chief executive officer of Grizzly Discoveries, commented, "We believe that significant potential exists to expand the known extent of the Co-Cu-Ag mineralization on the property and further exploration is warranted." In order to advance the project, Grizzly is planning to conduct a helicopter airborne magnetic and conductivity survey, a first for the Robocop property, to assist in identifying future drill targets.

Grizzly has commenced land use permitting for drilling at the Robocop property and it is anticipated to be ready for a 2019 drilling campaign.

Stock options

On Oct. 31, 2018, Grizzly's board of directors authorized the issuance of an aggregate of 800,000 stock options, including 500,000 to directors of the company and 300,000 to a consultant of the company, with an exercise price of 10 cents per option. The options expire no later than Oct. 31, 2023. The options were authorized under the terms of the company's stock option plan and are subject to acceptance by the TSX Venture Exchange.

About Grizzly Discoveries Inc.

Grizzly is a diversified Canadian mineral exploration company focused on its precious metal properties in southeastern British Columbia and on developing significant potash assets in Alberta. The company holds, or has an interest in, over 189,000 acres of precious metal/base metal and cobalt-copper properties in British Columbia, along with metallic and industrial mineral permits for potash totalling more than 60,000 acres along the Alberta-Saskatchewan border; and more than 161,000 acres of properties that host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta.

The content of this news release, as well as the company's technical disclosure, has been reviewed and approved by Michael Dufresne, MSc, PGeol, who is the qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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