The TSX Venture Exchange has accepted for filing documentation pertaining to an arm's-length purchase agreement between Grizzly Discoveries Inc. and an arm's-length vendor dated June 12, 2024, to acquire the Motherlode Crown grants. Under the terms of the agreement, the company will issue 250,000 common shares of the company to the vendor upon successful transfer of the Motherlode Crown grants to the company. The company will cover all costs related to the transfer of the Motherlode Crown grants and, at closing, will grant the vendor a 1-per-cent net smelter return (NSR) royalty on the grants, while retaining the option to purchase the NSR royalty for $250,000 at any time.

For more information, refer to the company's news releases dated June 17, 2024, and Oct. 22, 2024.