Mr. Brian Testo reports

GREENWOOD PROPERTY 2017 EXPLORATION PROGRAM COMPLETED AND SUBMITTED TO GRIZZLY DISCOVERIES

Grizzly Discoveries Inc. has been advised by Kinross Gold Corp.'s wholly owned subsidiary, KG Exploration (Canada) Inc., that Kinross has completed its 2017 work program on the Grizzly Greenwood property, located near Greenwood in Southern British Columbia. The 2017 work program has confirmed, with drilling, the presence of precious metal-mineralization at the Midway and Mount Attwood-Overlander target areas.

Executives of Grizzly will be attending the PDAC (Prospectors and Developers Association of Canada) 2018 International Convention, Trade Show & Investors Exchange at the Metro Toronto Convention Centre from March 4 through March 7, 2018, and can be found at booth No. 3020 in the investors exchange exhibit space.

Highlights of the 2017 Kinross exploration program

The 2017 exploration program focused primarily on core drilling at the Midway and Mt. Attwood-Overlander target areas. In addition, surface sampling and geologic mapping were carried out at the Midway, Attwood West and Mt. Attwood-Overlander target areas. A total of 1,129 metres of core drilling was completed in seven holes, with three holes at the Midway target area and four holes at the Mt. Attwood-Overlander target area. Kinross completed approximately $401,523 worth of exploration during 2017 and is planning a follow-up program for 2018.

Drilling at Midway yielded anomalous gold including up to 9.7 grams per tonne gold over 0.8 m core length from a narrow massive sulphide zone. Both skarn and epithermal indicators were intersected at Midway, both with occasional low-grade gold. Kinross has indicated that further drilling is warranted at Midway to follow up untested alteration and mineralization.

Drilling at Mt. Attwood-Overlander targeted two veins and intersected 2.87 g/t Au over one m core length in a drusy quartz vein in hole 1. A surface grab sample collected during 2016 from the same vein returned 16.85 g/t Au. Kinross has indicated that further work is recommended for the Mt. Attwood-Overlander area proximal to the stream silt geochemical anomalies discovered during the 2016 exploration program. Kinross has not recommended any further drilling at Mt. Attwood-Overlander in 2018 due to the narrow intersections of veins intersected to date, even though several gold-bearing quartz veins remain untested.

The portion of Grizzly's Greenwood project explored by Kinross is 100 per cent owned by Grizzly Discoveries and includes 131 claims that form a contiguous package totalling approximately 27,346 hectares, representing approximately one-third of Grizzly's landholdings at Greenwood. Under the terms of a September, 2015, agreement, KG Exploration (Canada) Inc. can earn a 75-per-cent interest on the optioned land pursuant to an option agreement with Grizzly on portions of its landholdings in southeastern British Columbia, by incurring $3-million (U.S.) in exploration expenditures over a five-year period. By the second anniversary of the agreement, Kinross completed the initial 750 metres of diamond drilling and $750,000 (U.S.) in expenditures required as at Sept. 23, 2017.

Planned 2018 Kinross exploration program

Kinross will continue exploration efforts in 2018 with additional drilling planned at Midway, follow-up work in the Mt. Attwood-Overlander area and the company will continue regional evaluation and prospect/target generation.

Brian Testo, president and chief executive officer of Grizzly, stated: "We are excited that Kinross has intersected skarn mineralization at the Midway target. Skarn is the host to the Buckhorn gold mineralization that Kinross has concluded mining on in the Republic area south of the border. We look forward to further drilling by Kinross during 2018 at Midway."

Changes in management and board of directors and advisory committee

Pursuant to the company's annual general meeting held on Feb. 6, 2018, the company's board of directors consists of three incumbent directors: Mr. Testo (president and chief executive officer), Sam Pillersdorf, and Ray Wytinck. Doug Turnbull and Fraser Atkinson opted not to stand for re-election to the company's board at the AGM, however both have been retained by the board as advisers, joining Gregory Aharonian, who was appointed as an adviser on Jan. 12, 2018. Mr. Testo, president and chief executive officer of Grizzly, stated, "We want to thank Doug, one of the founding directors of Grizzly, and Fraser for their service as directors to Grizzly, and look forward to continuing to work with both of them in this new advisory capacity."

About Grizzly Discoveries Inc.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 56.7 million shares issued, focused on developing significant potash assets in Alberta and its precious metals properties in southeastern British Columbia. The company holds or has an interest in: metallic and industrial mineral permits for potash totalling more than 60,000 acres along the Alberta-Saskatchewan border, over 180,000 acres of precious/base-metal properties in British Columbia, and more than 161,000 acres of properties which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta.

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

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