Grizzly Issues Stock Options

Edmonton, Alberta--(Newsfile Corp. - July 7, 2017) - Grizzly Discoveries Inc. (TSXV: GZD) (OTC Pink: GZDIF) (FSE: G6H) ("Grizzly" or the "Company") announces that the Board of Directors has granted stock options ("Options") to directors, officers, and consultants of the Company to acquire up to an aggregate 2,300,000 common shares of the Company ("Shares") under the Company's Stock Option Plan, of which 1,400,000 were granted to insiders of the Company. The Options are exercisable at a price of $0.05 per Share, vest immediately upon issuance, and expire on July 7, 2022 or earlier in accordance with the provisions of the Company's Stock Option Plan. The grant of options and the exercise price are subject to approval by the TSX Venture Exchange.

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.

On behalf of the Board,
Grizzly Discoveries Inc.

Brian Testo
CEO, President
(780) 693-2242

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

Nancy Massicotte, Investor Relations
IR PRO COMMUNICATIONS INC.
Tel: 604-507-3377
Toll Free: 1-866-503-3377
Email: ir@grizzlydiscoveries.com
www.irprocommunications.com

or

Ian Lambert
COO, Grizzly Discoveries Inc.
Tel: 416-840-9843
Email: ilambert@grizzlydiscoveries.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.