Grizzly Gold Completes Induced Polarization Survey on Fox Spring Project

Grizzly Gold Corp ("Grizzly") is pleased to announce the completion of an Induced Polarization (IP) survey on the Fox Spring Project as a follow-up to the 2012 Phase 1 drilling results on the LB Vixen property and additional claim staking on its Fox Spring Project in Humboldt County, Nevada.

The IP survey covered approximately 1200 acres mostly covered by alluvium in the southern half of the Fox Spring Project area where previous drilling demonstrated significant gold mineralization associated with pyrite.

"The gradient array IP survey just completed shows very strong and distinct anomalous areas that are likely near surface mineralized zones similar to our best drill holes in the 2012 first phase of drilling," said Grizzly Gold Corp President and CEO Paul Strobel. "The largest and strongest of the IP anomalies is in the immediate vicinity of hole LBV DH3. This IP survey information gives us strong targets for the 2013 Phase 2 drilling program."

Fox Spring Project

Grizzly has an option to acquire 100% of the rights to the mining interest of the LB/Vixen property located in Humboldt County, Nevada in 2011, which originally consisted of 30 unpatented claims. Grizzly has since staked 100 additional claims in the vicinity of the LB Vixen claim group that now collectively comprises Grizzly's Fox Spring Project of 130 contiguous claims including the LB Vixen property.