Orefinders Resources Inc. announced that it has entered into an option agreement, subject to approval by the Toronto Venture Exchange (TSXV), to acquire a 100% interest in the Grizzly Gold Project ("Grizzly" or the "Project") in the Chibougamau District of Quebec. The Grizzly property is comprised of 105 contiguous mining claims and is located 60 kilometres west of the town of Chapais and is proximate to all major infrastructure from Chibougamau's mining camp including road, rail, hydropower lines and a skilled local workforce. Group is very interested in exploring near-surface gold and copper deposits in the Chibougamau District of Quebec.

This acquisition represents an investment in another known mineralized structure that is near surface and mostly untested.