Grizzly Announces Stock Option Grant

ID: 1051662
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(businesspress24) - EDMONTON, ALBERTA -- (Marketwire) -- 10/31/11 -- Grizzly Discoveries Inc. (TSX VENTURE: GZD) (OTCQX: GZDIF) (FRANKFURT: G6H) ("Grizzly" or the "Company") announces that the Board of Directors has, subject to the approval of the TSX Venture Exchange, granted stock options to directors and a consultant of the Company to acquire up to an aggregate 1,100,000 common shares of Grizzly ("Shares") under the Company's stock option plan (the "Plan"), of which 1,050,000 were granted to directors of Grizzly. The aggregate 1,100,000 options vest upon issuance. The stock options are exercisable at a price of $0.75 per Share and shall expire on October 31, 2016 or earlier in accordance with the Plan.

About Grizzly Discoveries Inc.

Grizzly trades on the TSX Venture Exchange under the symbol GZD, on the OTCQX exchange under the symbol GZDIF, and the Frankfurt Exchange under the symbol G6H, with 48,350,268 common shares issued and outstanding.

Grizzly is an aggressive and diversified Canadian mineral exploration company exploring for: potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.4 million acres along the Alberta-Saskatchewan border. Grizzly also holds four precious-base metal properties in British Columbia totaling over 235,000 acres and holds more than 600,000 acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.

On behalf of the Board

Grizzly Discoveries Inc.

Brian Testo, President

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.


Grizzly Discoveries Inc.
Brian Testo
(780) 693-2242

Nancy Massicotte
Investor Relations
604-507-3377 or Toll Free: 1-866-503-3377

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Date: 10/31/2011 - 16:27
Language: English
News-ID 1051662
Character count: 0
Firma: Grizzly Discoveries Inc.
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