Grizzly Discoveries Inc.

Grizzly Discoveries Inc.

November 18, 2010 17:34 ET

Grizzly Announces Stock Option Grant

EDMONTON, ALBERTA--(Marketwire - Nov. 18, 2010) - Grizzly Discoveries Inc. (TSX VENTURE:GZD) (FRANKFURT:G6H) ("Grizzly" or, the "Company") announces that the Board of Directors has granted stock options to acquire up to an aggregate 815,000 common shares of Grizzly ("Shares") under the Company's stock option plan, of which 640,000 were granted to insiders of Grizzly. 775,000 of the aggregate 815,000 options vested upon issuance and the remaining 40,000 options will vest in equal tranches of 10,000 every three months within the first year from issuance. The stock options are exercisable at a price of $0.30 per Share.

About Grizzly Discoveries Inc.

Grizzly is an aggressive Canadian exploration company focused on exploring for world class gold and base metal deposits in British Columbia, and for diamonds and industrial minerals in Alberta. In British Columbia, Grizzly currently has four precious-base metal properties totaling over 235,000 acres. It currently holds more than 600,000 acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta. Grizzly has also acquired metallic and industrial mineral permits for potash totaling more than 1.8 million acres along the Saskatchewan-Alberta border.

Grizzly trades on the TSX Venture Exchange under the symbol GZD, with 31,410,302 Common Shares issued and outstanding.

On behalf of the Board

Grizzly Discoveries Inc.

Brian Testo, President

For further information, please visit our website at or contact Investor Relations.

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.

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