Mr. Brian Testo reports

GRIZZLY COMPLETES PRIVATE PLACEMENT

Between June 16 and June 19, 2026, Grizzly Discoveries Inc. closed on a private placement originally announced on May 13, 2026, by the issuance of 4,525,292 units, 562,500 FT units and 110,000 CMFT units for gross proceeds of $349,044.

Each unit, priced at 6.5 cents per unit, consisted of one common share of the company and one common share purchase warrant entitling the warrant holder to purchase an additional common share for 12 cents, and expiring on the earlier of a) 30 days following written notice by the company to the warrant holder that the volume-weighted average trading price of the common shares on the TSX Venture Exchange is at or greater than 18 cents per common share for 10 consecutive trading days; and (b) 36 months (three years) from the date of issuance. Each FT unit, priced at eight cents per FT unit, consisted of one common share and one-half of one warrant, each issued as a flow-through share for the purposes of the Income Tax Act (Canada). Each CMFT unit, priced at nine cents per CMFT unit, consisted of one common share and one-half of one warrant, each issued as a flow-through share for the purposes of the Income Tax Act (Canada).

The offering was offered to qualified subscribers in the provinces of Alberta, British Columbia and Ontario, and in other jurisdictions as the company in its discretion determined, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation. The offering is now closed.

The company intends to use the proceeds of the sale of the units for mineral property acquisition, exploration and general working capital; the proceeds from the sale of FT units for mineral property exploration, and the proceeds from the sale of the CMFT units for mineral property exploration specifically targeting critical minerals (as defined in the Income Tax Act (Canada))

In connection with the sale of 600,000 units, the company paid a cash finder's fee of $2,340 and issued 36,000 finder warrants (with each finder warrant having the same terms as the warrants included in the units) to Canaccord Genuity Corp. In connection with the sale of 437,500 FT units and 110,000 CMFT units, the company paid a cash finder's fee of $2,694 and issued 32,850 finder warrants to Raymond James Ltd. In connection with the sale of 384,000 units, the company paid a cash finder's fee of $1,498 and issued 23,040 finder warrants to Leede Financial Inc. In connection with the sale of 315,000 units, the company paid a cash finder's fee of $1,229 and issued 18,900 finder warrants to Haywood Securities Inc.

Following closing of the offering, the company has 232,838,034 common shares issued and outstanding. The common shares and any common shares issued on exercise of the warrants and finder warrants are subject to restrictions on trading for four months from the date of issuance, expiring on dates ranging from Oct. 17, 2026, to Oct. 20, 2026. The offering is subject to final 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 hectares (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a record of advancing exploration projects from early exploration stage through to feasibility stage.

We seek Safe Harbor.