Grizzly Discoveries Enters LOI to Purchase Cobalt-Copper-Silver Claims IN Southeastern British Columbia
Suite 363, 9768 170th Street,
Edmonton, Alberta, Canada, T5T 5L4
Tel: 780-693-2242 Fax: 780-693-2572
TSXV: GZD
OTCQX: GZDIF
Frankfurt: G6H
March 27, 2018
GRIZZLY DISCOVERIES ENTERS LOI TO PURCHASE COBALT-COPPER-SILVER CLAIMS
IN SOUTHEASTERN BRITISH COLUMBIA
EDMONTON, ALBERTA – March 27, 2018 -- Grizzly Discoveries Inc. (TSX -V: GZD; Frankfurt: G6H)
("Grizzly" or the "Company") is pleased to announce that it has entered into a Letter of Intent (”LOI”)
with a private group (the “Vendors”) to purchase th e Cobalt-Copper-Silver “Robocop Property”, located
within the Fort Steele Mining District in southeastern British Columbia.
The Robocop Property (the “Property”) is located in southeastern British Columbia, approximately 45
kilometres (km) south of Fernie and 70 km southeast of Cranbrook, and is immediately north of the
Canada-USA border. The Property is comprised of 5 mineral claims totalling 9,891 acres. The property is
located east of Grizzly’s Greenwood Property in southeastern British Columbia.
Areas with significant historic cobalt -copper-silver (Co-Cu-Ag) in soil anomalies have been identified on
the Robocop Property. Additionally, historic drilling during the 1990’s (Teck Explorations Ltd.) and early
2000’s (Ruby Red Resources) has yielded grades of up to 0.18% Co, 0.28% Cu, 4.1 parts per million (ppm)
Ag over 1 m core length (Pighin, 2009) and 0.134% Co, 1.19% Cu and 33.8 ppm Ag over 1.23 m core
length (Thomson, 1990) for individual core samples. The Co -Cu-Ag mineralization is hosted in Sheppard
Formation and is classified as Proterozoic sediment hosted mineralization. Grizzly believes that
significant potential exists to expand the known extent of the known Co -Cu-Ag mineralization on the
Property and further exploration is warranted.
Under the terms of the LOI, Grizzly would acquire a 100% interest in the Robocop Property subject to a
3% net smelter royalty (“NSR”) by issuing to the Vendors 2,000,000 units, with each Unit consisting of
one common share of Grizzly and one transferrable share purcha se warrant. Each warrant will entitle
the holder to acquire one further share of GZD at an exercise price of $0.14 for a period of 3 years from
the date of issuance.
The Property carries a 3% NSR and, under the terms of the LOI, Grizzly has the right t o purchase up to
2% of the NSR (down to 1% NSR) within two years after the delivery of a positive Feasibility Study for the
Property, for the amount of $1,500,000.
Pursuant to signing the LOI, the Company will conduct due diligence and work to enter into a definitive
agreement to complete the transaction. The definitive agreement is subject to approvals by the Board
of Directors and acceptance by the TSX Venture Exchange.
Brian Testo, CEO of Grizzly, commented “We have been able to negotiate a favourable purchase of 100%
interest in the Robocop Property, which we believe will provide an excellent cobalt exploration
opportunity for Grizzly. It is in the same region of BC as our Greenwood Property, where we have
excellent relationships with the First Natio ns, and years of operating experience. We feel that the
historic sampling and drill results are very significant, and that this Property has excellent potential for
the discovery of a Co -Cu-Ag deposit. Our first step will be to undertake exploration incl uding an
airborne survey and drilling leading to an initial resource estimate.”
Click this link for: Signature Video with Grizzly CEO Brian Griz Testo
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ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture
Exchange with 58.7 million shares issued, focused on developing its precious metals properties in
southeastern British Columbia, and significant Potash and Diamond assets in Alberta. The Company
holds, or has an interest in: over 180,000 acres of precious -base metal and cobalt properties in British
Columbia; metallic and industrial mineral permits for potash totalling more than 60,000 acres along the
Alberta-Saskatchewan border, and more than 161,000 acres of properties which host diamondiferous
kimberlites in the Buffalo Head Hills region of Alberta.
The technical content of this news release and the Company’s technical disclosure has been reviewed
and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is the Qualified Person as defined by
National Instrument 43-101 Standards of Disclosure for Mineral Projects.
On behalf of the Board,
Grizzly Discoveries Inc.
Brian Testo
President
(780) 693-2242
For further inf ormation, please visit our website at www.grizzlydiscoveries.com or contact Investor
Relations:
Nancy Massicotte
IR PRO COMMUNICATIONS INC.
Tel: 604-507-3377
Toll Free: 1-866-503-3377
Email: [email protected]
www.irprocommunications.com
Neither t he 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.
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, ot her 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 i t 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 implie d 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 c ommodity prices; changes to and compliance with applicable laws and regulations,
including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other
risks and uncertainties which are more fully described in o ur annual and quarterly Management's Discussion and
Analysis and in other filings made by us with Canadian securities regulatory authorities and available at
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www.sedar.com. Grizzly disclaims any obligation to update or revise any forward -looking informatio n or
statements except as may be required by law.