Grizzly Announces Stock Option Grant
Suite 220, 9797 45th Avenue, Edmonton, Alberta, Canada, T6E 5V8 Tel: 780‐693‐2242 Fax: 780‐439‐7308
TSXV: GZD Frankfurt: G6H OTCQX: GZDIF October 31, 2011
Grizzly Announces Stock Option Grant
EDMONTON, ALBERTA‐ (via Marketwire – October 31, 2011) ‐ Grizzly Discoveries Inc. (TSXV:GZD; OTCQX:GZDIF; FRANKFURT:G6H) ("Grizzly" or the "Company") announces that the Board of Directors has, subject to the approval of the TSX Venture Exchange, granted stock options to directors and a consultant of the Company to acquire up to an aggregate 1,100,000 common shares of Grizzly (“Shares”) under the Company’s stock option plan (the “Plan”), of which 1,050,000 were granted to directors of Grizzly. The aggregate 1,100,000 options vest upon issuance. The stock options are exercisable at a price of $0.75 per Share and shall expire on October 31, 2016 or earlier in accordance with the Plan.
About Grizzly Discoveries Inc.
Grizzly trades on the TSX Venture Exchange under the symbol GZD, on the OTCQX exchange under the symbol GZDIF, and the Frankfurt Exchange under the symbol G6H, with 48,350,268 common shares issued and outstanding.
Grizzly is an aggressive and diversified Canadian mineral exploration company exploring for: potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.4 million acres along the Alberta‐Saskatchewan border. Grizzly also holds four precious‐base metal properties in British Columbia totaling over 235,000 acres and holds more than 600,000 acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.
On behalf of the Board Grizzly Discoveries Inc.
/s/ “Brian Testo”
Brian Testo President (780) 693‐2242
For further information, please visit our website at http://www.grizzlydiscoveries.com or contact Investor Relations:
Nancy Massicotte
IR PRO COMMUNICATIONS
Tel: 604‐507‐3377 Toll Free: 1‐866‐503‐3377 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.