Kinross’ KG Exploration Completes 2017 Exploration and Drilling ON 75% Option from Grizzly
110 - 8429 24 ST NW
Edmonton, AB T6P 1L3
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TSXV: GZD
OTCPK: GZDIF
Frankfurt: G6H
October 3, 2017
KINROSS’ KG EXPLORATION COMPLETES 2017 EXPLORATION AND DRILLING
ON 75% OPTION FROM GRIZZLY
EDMONTON, ALBERTA – October 3, 201 7 -- Grizzly Discoveries Inc. (TSX-V: GZD; OTC PK: GZDIF;
Frankfurt: G6H) ("Grizzly" or the "Company") is pleased to announce that it has been advised by Kinross
Gold Corporation ’s wholly owned subsidiary, KG Explo ration (Canada) Inc. (“Kinross”) that it has
completed its 2017 work program on the Grizzly Greenwood property, located near Greenwood in
southern B.C.
The portions of Grizzly’s Greenwood Project being explored by Kinross are 100% owned by Grizzly
Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346
hectares, representing approximately one third of Grizzly’s land holdings at Greenwood. Under the terms
of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned
land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British
Columbia, by incurring US$3 million in exploration expenditures over a five year period. By the second
anniversary of the agreement, 750 metres of di amond drilling must have been completed along with
US$750,000 in expenditures by September 23, 2017.
KINROSS Reports Completed 2017 Work Program Highlights
• 1,129 metres diamond drilling at Mt Attwood-Overlander and Midway areas
• Generative work of mapping and sampling of high priority targets
• Cumulative expenditure total US $761,520
Kinross expects to complete an Assessment Report for the Greenwood Property by early 2018. By the
completion of the aforementione d work program and drilling, Kinross has met its second anniversary
obligations pursuant to the September 23, 2015 Greenwood option agreement.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture
Exchange with 55.4 million shares issued, focused on developing significant Potash assets in Alberta and
its precious metals properties in southeastern British Columbia. The Company holds over 2 27,000 acres
of precious-base metal properties in British Columbia; more than 161,000 acres of properties which host
diamondiferous kimberlites in the Buffalo Head Hills region of Alberta; and metallic and industrial mineral
permits for potash totaling more than 40,000 acres along the Alberta-Saskatchewan border.
The content of this news release and the Company’s technical disclosure has been reviewed and approved
by Michael B. Dufresne, M. Sc., P. Geol., 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, CEO, President
Tel: (780) 693-2242
2
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 P rovider (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" an d "forward-looking statements" within the
meaning of applicable securities laws. This information and statements address future activities, events,
plans, developments and projections. All statements, other 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 termino logy, 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 it 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 implied 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 commodity prices; changes to and compliance with appli cable 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 our annual and quarterly
Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory
authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any
forward-looking information or statements except as may be required by law.