Mr. Brian Testo reports

GRIZZLY RECEIVES WORK PERMITS TO CONDUCT DRILLING AND TRENCHING AT FOUR OF ITS TARGETS AT THE GREENWOOD, BC PRECIOUS AND BATTERY METALS PROJECT

Grizzly Discoveries Inc. has recently received drilling and trenching permits for a number of its priority exploration targets in the Greenwood area including Midway, Sappho, Copper Mountain (Prince of Wales, Coronation and Mabel Jenny) and Imperial from the B.C. Ministry of Mining and Critical Minerals. Grizzly has recently announced a private placement offering for gross proceeds of up to $1-million (see company news releases dated Sept. 11 and Sept. 12, 2025) to support planned exploration this fall.

The main focus of the private placement will be to conduct drilling and trenching at the Midway exploration target, targeting the historical Midway mine. See the Midway highlights below.

Midway mine area:

• At Midway, selective rock grab and composite rock grab samples collected during 2022 from outcrop at the Midway mine, Picturestone area, yielded a range of 12.05 grams per tonne or 0.351 ounce per ton gold up to 70.8 g/t (2.065 opt) Au (see company news release dated Oct. 17, 2022).
• Three of the seven selective rock grab samples from the Midway mine yielded from 1,360 g/t silver (39.7 opt) up to 2,140 g/t Ag (62.4 opt) (see the company news release dated Oct. 17, 2022).
• Two new showings identified in 2023 near the historical Midway mine including up to 5.64 g/t Au (0.165 opt) from a showing 400 metres to the north of Midway and up to 4.19 g/t Au (0.122 opt) from a grab sample collected about 375 m to the west of the Midway mine.
• At least six new areas with anomalous gold (greater than 100 parts per billion), copper (greater than 200 ppm) and silver in soils have been identified at Midway in work conducted between 2022 and 2024.
• The Midway area is being targeted for copper-gold skarn and epithermal gold-silver.
• All highly anomalous samples are from outcrop and characterized by the presence of abundant pyrite, arsenopyrite with visible galena and sphalerite in a siliceous chalcedonic host. The mineralization is hosted in polymetallic veins that display the presence of lead, zinc, copper, arsenic and antimony and are likely epithermal in nature.
• A selective rock grab sample from outcrop 200 m west of the main Midway mine yielded 15.85 g/t Au (0.462 opt) and 1,530 g/t Ag (44.6 opt), illustrating that there is potential for additional high-grade mineralization in the area.

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 165,000-plus-acre landholdings in the Greenwood district. We have barely scratched the surface in terms of exploration."

Plans for fall 2025 exploration at Greenwood

Trenching, rock and soil sampling, and drilling at the Midway target area are being planned for fall 2025. The amount of drilling will depend upon the current financing that has been announced.

Rock sampling was conducted earlier in the summer. 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.

Quality assurance and 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 (10 g/t 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 have been reviewed and approved by Michael B. Dufresne, MSc, PGeol, PGeo, 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 metal properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, which has a record of advancing exploration projects from early exploration stage through to feasibility stage.

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