Grizzly Provides Exploration and Corporate Update and Announces Private Placement

Core Viewpoint - Grizzly Discoveries Inc. is providing an exploration and corporate update, announcing a private placement offering for gross proceeds of up to $1 million [1]. Exploration Update - Grizzly has conducted a prospecting and sampling program near Beaverdell to meet assessment requirements for newly staked mineral claims in the area [2]. - A total of 50 rock grab samples were collected from the Beaverdell claims, which surround the historical Beaverdell Mine that produced approximately 34.5 million ounces of silver, 16,700 ounces of gold, 30.6 million pounds of zinc, and 25.6 million pounds of lead from 1913 to 1991 [7]. - The results from the Beaverdell sampling program will be disclosed once received [2][11]. Acquisition and Tenure Security - The company announced a purchase agreement with First Majestic Silver Corp. to acquire 13 historical Crown Grants known as the Motherlode Crown Grants [5]. - Certain Crown Grants have been forfeited due to non-payment of taxes, but Grizzly's mineral claims that overlap these areas remain valid, enhancing security of tenure [9][10]. - The company is evaluating options regarding the Purchase Agreement with First Majestic following the forfeiture [10]. Future Exploration Plans - Plans for fall 2025 include rock and soil sampling and drilling at the Midway and Motherlode Targets, contingent on financing [11]. - The company aims to explore high-grade gold, silver, copper, lead, and zinc showings, as well as significant battery metal prospects within its 175,000+ acre land holdings in the Greenwood District [12]. Private Placement Financing - Grizzly is initiating a private placement offering of Units and FT Units for aggregate gross proceeds of up to $1 million [13]. - The offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units, with each Unit including one common share and one warrant [14]. - Proceeds from the offering are intended for mineral property exploration ($750,000), mineral rights and exploration permits ($80,000), and working capital [15].