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GZD.V ·

Grizzly Issues Shares for Services

Share Capital & Compensation

Suite 363, 9768 170th Street NW, Edmonton, Alberta, Canada, T5T5L4 Tel: 780‐693‐2242

TSXV: GZD  OTCQB: GZDIF  Frankfurt: G6H  January 4, 2019 

GRIZZLY ISSUES SHARES FOR SERVICES

EDMONTON, ALBERTA – January 4, 2019 -- Grizzly Discoveries Inc. (TSX-V: GZD; OTCQB: GZDIF; Frankfurt: G6H) ("Grizzly" or the "Company") has issued the remaining shares payable to an unrelated third party in accordance with a shares for services agreement announced by the Company on February 23, 2017.

The Company issued the final payment of an aggregate 431,138 common shares in reliance upon available prospectus exemptions. The shares are subject to restrictions on trading until May 5, 2019 in accordance with the policies of the TSX Venture Exchange.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.

Brian Testo CEO, President Tel: (780) 693-2242

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte, Investor Relations or Ian Lambert IR PRO COMMUNICATIONS INC. COO, Grizzly Discoveries Inc.

Tel: 604-507-3377 Tel: 416-840-9843 Toll Free: 1-866-503-3377 Email: [email protected] Email: [email protected] www.irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.