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Grizzly Discoveries Begins Fall Drilling at Ket 28 Property

Grizzly Discoveries Inc. (TSX VENTURE:GZD) (FRANKFURT:G6H) announced the commencement of the fall drilling program. Drilling has commenced at the Ket 28 Property. A total of three follow-up drillholes are planned for the Ket 28 Property. Drilling during 2009 at the Ket 28 Property yielded up to 11.9 grams per tonne (g/t) over 2.0 m and 2.77 g/t over 11.0 m (See Grizzly News Release dated January 18, 2010).

Follow-up drilling is also planned for the Prince of Wales target at the Copper Mountain Property where 2010 drilling yielded a new discovery with up to 1 g/t gold across 30 m. Drilling during the fall program is also planned for the Dayton target where 2010 soil sampling has yielded a high priority gold in soil target that is 400 m long by 200 m wide based on 50 samples that assay between 50 and 272 parts per billion (ppb) gold (See GZD News Release dated October 19, 2010).

Brian Testo, President of Grizzly, states that "we are excited about the fall drilling program and the potential to expand the known gold zones at Ket 28 and Copper Mountain, as well as the potential to make a new discovery by testing the high priority gold in soil anomaly identified at the Dayton area."

2010 Future Plans

Drilling permits have been received for drilling at the Motherlode area, as well for follow-up drilling at the Copper Mountain and Ket 28 target areas. A permit application for drilling at the Dayton target area has been submitted. A total of up to 2,000 m of diamond drilling is planned for the fall 2010 program.

A geological crew from APEX Geoscience Ltd. is in the field and has commenced fieldwork and will continue to conduct fieldwork while the drilling program proceeds. The crew will be conducting ground geophysical surveys including magnetics and, possibly, HLEM as well as further soil sampling at several targets. Drilling will be initiated at the Dayton prospect upon receiving the government drilling permit.

All 2010 field and office exploration programs are being conducted under the supervision of Mr. Michael Dufresne, M.Sc., P.Geol., a principal of APEX Geoscience Ltd. and a Qualified Person under National Instrument 43-101.

Source:

Grizzly Discoveries Inc.

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