Grizzly Discoveries Inc. (TSX-V: GZD; Frankfurt: G6H; OTCQB: GZDIF) ('Grizzly' or the 'Company') is pleased to announce this update and that weather conditions are improving in southern British Columbia and crews are starting to mobilize back to the Rock Creek camp to commence work within the Greenwood Precious and Battery Metals Project.

A geological crew recently visited a historical showing named the Spotted Horse - Silver Charm just west of the town of Greenwood near Motherlode Creek. The showing has seen intermittent exploration work and development since the late 1890's and is host to several short tunnels and numerous shallow open cuts or trenches. The occurrence is a polymetallic quartz vein with silver (Ag), lead (Pb), zinc (Zn) with minor copper (Cu) and gold (Au). The quartz vein ranges from 10 cm up to 1.2 m wide in outcrop and in the workings. The Spotted Horse - Silver Charm showing has seen small scale historic production The geological crew has collected a number of samples for assay and has conducted mapping. The samples will be submitted for assay and results will be reported when they become available. The historical sulphide rich veins represent another showing to be added to the long list and inventory of Ag-Au-Pb-Zn-Cu polymetallic showings that will be a focus for exploration in 2023 including drilling during the upcoming exploration season. Permit applications for drilling have been submitted and are in progress for a number of the Company's priority showings at Sappho, Copper Mountain, Midway and most recently for the historical Imperial Mine. Additional permit applications are in progress for Crown Point and Overlander - Mt Attwood, and will be submitted in the near future.

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 66,000 ha (approximately 165,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

Contact:

Tel: 604-507-3377

Email: nancy@grizzlydiscoveries.com

Caution concerning forward-looking information

This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as 'may,' 'will,' 'should,' 'anticipate,' 'plan,' 'expect,' 'believe,' 'estimate,' 'intend' and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining 6 requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

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