Mr. Brian Testo reports

GRIZZLY CLARIFIES TERMS OF PRIVATE PLACEMENT

Grizzly Discoveries Inc. announced, on Sept. 11, 2025, a private placement offering for gross proceeds of up to $1-million. The initial news release did not include the price per unit and FT (flow-through) unit (as defined in the original release and below), which is three cents per unit and per FT unit.

The full terms of the offering are restated below.

Private placement financing

Grizzly has initiated a private placement of units and FT 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 at a price of three cents per unit and per FT unit. Each unit shall consist of one common share of the company and one common share purchase warrant, entitling the warrant holder 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 in 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 table, 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.

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-hectare (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.

We seek Safe Harbor.