Mr. Brian Testo reports

GRIZZLY PROVIDES EXPLORATION AND CORPORATE UPDATE AND ANNOUNCES PRIVATE PLACEMENT

Grizzly Discoveries Inc. has provided the following exploration and corporate update, and arranged a private placement offering for gross proceeds of up to $1-million.

Beaverdell exploration

Grizzly has recently conducted a small prospecting and sampling program near Beaverdell in order to satisfy some assessment requirements on some newly staked mineral claims in the Beaverdell area of the Greenwood district in British Columbia. These results from the sampling program conducted in the Beaverdell target area within the Greenwood precious and battery metals project will be disclosed once they are received.

Highlights:

• A total of 50 rock grab samples were collected from mostly outcrop and some mineralized dump material across the Beaverdell claims in July, 2025, including the newly acquired ground.
• Grizzly has x hectares in y mineral claims surrounding the historical Beaverdell mine.
• Grizzly's Beaverdell mineral claims surround and are adjacent to the historical Beaverdell mine, which produced approximately 34.5 million ounces of silver, 16,700 ounces of gold, 30.6 million pounds of zinc and 25.6 million pounds of lead between 1913 and 1991.

Motherlode Crown grant purchase agreement

On June 17, 2024, the company announced a purchase agreement with First Majestic Silver Corp. to acquire 13 historical Crown grants collectively known as the Motherlode Crown grants near Greenwood in B.C.

The company has been advised that, prior to completion of the acquisition, certain of the Crown grants have been forfeited to the Crown due to the non-payment of taxes. As a result, those specific Crown grants are no longer available for acquisition by the company under the terms of the purchase agreement.

Notwithstanding the forfeiture of certain Crown grants, Grizzly's mineral claims that overlap significant portions of areas covered by the Crown grants remain valid and in good standing. With the forfeited Crown grants now held by the Crown, no other third party can acquire superseding rights in respect of those areas, thereby enhancing the company's security of tenure on its overlapping mineral claims.

The company is evaluating its options with respect to the purchase agreement with First Majestic in light of this development.

Plans for fall 2025 exploration at Greenwood

Rock and soil sampling along with drilling at the Midway and Motherlode targets is being planned for fall 2025, depending upon financing. The results for the Beaverdell sampling will be announced as they become available. Additional results should be forthcoming over the next coming months as work progresses and will be presented in additional news releases.

Brian Testo, president and chief executive officer of Grizzly Discoveries, stated, "We are excited and are looking forward to pursuing a number of high-grade gold-silver-copper-lead-zinc showings and historical mines with drilling in the fall of 2025, along with additional exploration for significant battery metal prospects in our current 175,000-plus-acre landholdings in the Greenwood district. We have barely scratched the surface in terms of exploration!

"While we are disappointed that not all of the Crown grants are available for acquisition, this development ultimately provides greater security for our overlapping mineral claims. This ensures that our exploration plans in the Greenwood district can continue without the risk of competing Crown grant ownership. We will continue to work with First Majestic to assess the best path forward."

Private placement financing

Grizzly announces the initiation of a private placement of units and FT (flow-through) units for aggregate gross proceeds of up to $1-million if fully subscribed.

Private placement offering

The offering consists of up to 8,333,333 units and up to 25 million of any combination of units and FT units. Each unit shall consist of one common share of the company and one common share purchase warrant entitling the warrantholder to purchase an additional common share for five cents and expiring on the earlier of: (a) 30 days following written notice by the company to the warrantholder that the volume-weighted average trading price of the common shares on the TSX Venture Exchange is at or greater than 10 cents per common share for 10 consecutive trading days; and (b) 24 months from the date of issuance. Each FT unit shall consist of one common share and one-half of one warrant, each of which shall be issued as a flow-through share for the purposes of the Income Tax Act (Canada). The offering is being offered to qualified subscribers in the provinces of Alberta, British Columbia and Ontario, and in other jurisdictions as the company may in its discretion determine, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation.

The company intends to use the proceeds of the offering, if fully subscribed with the maximum of 25 million FT units and 8,333,333 units, as detailed in the attached table.

There is no minimum to the offering. If the company closes on less than the maximum proceeds, or if the proportion of units and FT units differs from the above, the use of proceeds will be adjusted.

In connection with the offering, the company may pay finders' fees, payable in any combination of cash, units and warrants to registered broker dealers, limited market dealers or arm's-length persons in accordance with the policies of the TSX Venture Exchange, and applicable securities legislation and regulations. The common shares and any common shares issued on exercise of the warrants are subject to restrictions on trading until four months and one day from the date of issuance in accordance with the policies of the exchange.

The offering is subject to acceptance of the TSX Venture Exchange.

Quality assurance and quality control

Rock and soil samples are being analyzed at ALS Global Laboratories (geochemistry division) in Vancouver, Canada (an ISO/IEC 17025:2017-accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (plus 10 grams per tonne (g/t) gold (Au)). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The sampling program was undertaken by company personnel under the direction of Michael B. Dufresne, MSc, PGeol, PGeo. A secure chain of custody is maintained in transporting and storing of all samples.

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

About Grizzly Discoveries Inc.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 hectares (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, with a record of advancing exploration projects from early exploration stage through to feasibility stage.

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