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File: GZD_NR_Kinross Drilling_2018-07-26.docx

Suite 363, 9768 170th Street NW,
Edmonton, Alberta, Canada, T5T5L4
Tel: 780-693-2242  
TSXV: GZD
OTCPK: GZDIF
Frankfurt: G6H
July 26, 2018

GRIZZLY ANNOUNCES GREENWOOD, BC MOBILIZATION AND EXPLORATION PLANS

EDMONTON, ALBERTA - July 26, 2018 -- Grizzly Discoveries Inc. (TSX-V: GZD; OTCPK: GZDIF; Frankfurt: G6H) ("Grizzly" or
---> the "Company") is pleased to announce that Kinross Gold Corporation's wholly owned subsidiary, KG Exploration (Canada
--->) Inc. ("Kinross") has informed Grizzly that a drill will be mobilized to the Midway Target within the Greenwood Proje
--->ct, located near Greenwood in southern B.C.  Kinross is planning a 1,200 m drill program at the Midway area during Jul
--->y and August, 2018, to continue the proof of concept drilling at the Midway Epithermal Target intersected in 2017. Pro
--->of-of-concept drilling in 2017 intersected silicification, alteration, anomalous geochemistry, and minor quartz veinin
--->g in 2 out of 3 holes along strike, warranting further follow-up exploration.

Highlights of 2017 Kinross Exploration Program at Midway
 
The portions of the Greenwood Project being explored by Kinross, 100% owned by Grizzly Discoveries Inc., includes 131 
--->claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of 
--->Grizzly's land holdings at Greenwood. Kinross can earn a 75% interest on the optioned land pursuant to an Option Agree
--->ment dated September 2015 by incurring US$3 million in exploration expenditures over a 5 year period. On September 23,
---> 2017 Kinross met the second anniversary drill meter and cost commitments as set out in the original option agreement.
--->  

The Midway target is hypothesized to be an Eocene-aged system developed within Triassic clastic sediments and limeston
--->e, and Jurassic (possibly) hornblende diorite intrusions, all unconformably overlain by Eocene Kettle River Formation 
--->sediments and Marron volcanics. 

A thick blanket of massive silica occurs at the basal Eocene unconformity, with remnant outcrops dispersed intermitten
--->tly over a 1 x 1 km area, in some places replacing Triassic limestone. The massive silica contains anomalous trace ele
--->ment geochemistry, with common disseminated marcasite and uncommon cm-scale banded marcasite clasts. 

Widespread alteration and local silicification occur in the footwall of the unconformity. Two separate zones have been
---> discovered: zone 1 is a 200 m long by 50-75 m wide zone of silicification, with peripheral alteration and multiple na
--->rrow (up to 0.5 m) chalcedonic quartz (+/-quartz breccia) veins . A second similar zone of alteration and veining is l
--->ocated 200 m to zone 1. The target areas were further delineated via a large soil anomaly over the exposed target area
--->.  

Rock chip and drill hole results indicate predominately argillic, and lesser propylitic alteration. Kaolinite dominate
--->s the argillic suite. The strongest zone of alteration is centered on a silicified fault near the irregular clastic/in
--->trusive contact.   Multiple narrow (to 0.5 m) chalcedonic quartz (+/- quartz breccia) veins occur within the broader z
--->one of silicification.  Values of up to 4.2 ppm Au have been recovered from these veins.


Grizzly has submitted three Notices of Work ("NOW") programs to the BC Ministry of Energy, Mines & Petroleum Resources
--->.  The planned programs cover planned exploration, including planned drilling, at the Ket 28 - Dayton and Motherlode t
--->arget areas in the Greenwood Project area on lands not under option to Kinross. The third NOW program will cover poten
--->tial cobalt-copper-silver (Co-Cu-Ag) drill targets at the Company's 100% owned Robocop Project to be tested this fall 
--->after completion of an airborne survey and surface exploration activities planned during August and September 2018.

ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange wit
--->h 62 million shares issued, focused on developing its precious and base metals properties in southeastern British Colu
--->mbia along with significant Potash assets in Alberta.  The Company holds over 180,000 acres of precious-base metal pro
--->perties at its Greenwood Project; additionally, Grizzly holds 9,891 acres with Co-Cu-Ag mineralization at its Robocop 
--->Property, both located in southeastern British Columbia.  The Company also holds more than 160,000 acres of properties
---> which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta; and metallic and industrial minera
--->l permits for potash totaling more than 60,000 acres along the Alberta-Saskatchewan border. 
The content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. D
--->ufresne, M. Sc., P. Geol., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosur
--->e for Mineral Projects.

On behalf of the Board,
GRIZZLY DISCOVERIES INC.

Brian Testo
CEO, President
Tel: (780) 693-2242

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte, Investor Relations  or Ian Lambert
IR PRO COMMUNICATIONS INC.   COO, Grizzly Discoveries Inc.
Tel: 604-507-3377     Tel: 416-840-9843
Toll Free: 1-866-503-3377    Email: ilambert@grizzlydiscoveries.com
Email: ir@grizzlydiscoveries.com
www.irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  Caution concerning forward
--->-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of appli
--->cable securities laws. This information and statements address future activities, events, plans, developments and proj
--->ections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-lo
--->oking information. Such forward-looking information and statements are frequently identified by words such as "may," "
--->will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect 
--->assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current condit
--->ions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-l
--->ooking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual re
--->sults, performance and achievements to differ materially from those expressed or implied by the forward-looking inform
--->ation and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of finan
--->cing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including envi
--->ronmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncert
--->ainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other f
--->ilings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims an
--->y obligation to update or revise any forward-looking information or statements except as may be required by law.