Grizzly Discoveries Inc.

Grizzly Discoveries Inc.

March 31, 2011 20:28 ET

Grizzly Discoveries Inc. Announces Changes to Management

EDMONTON, ALBERTA--(Marketwire - March 31, 2011) - Grizzly Discoveries Inc. (the "Corporation" or "Grizzly") (TSX VENTURE:GZD) (OTCQX:GZDIF) (FRANKFURT:G6H) is pleased to announce the appointment of Jeremy Strautman as the Interim Chief Financial Officer ("CFO") of the Corporation following the resignation of Sean Mager. Mr. Mager will stay on as a director of the Corporation. 

Mr. Strautman is a managing partner and Operations Manager of Myriad Corporate Services, which provides accounting and administrative support to several public and private companies, specializing in the junior mineral exploration industry, since January 2010. Prior to 2010, Mr. Strautman was an employee of an unrelated junior mineral exploration company since 2005 where he also provided services to Grizzly on an excess capacity basis since 2006. He graduated from the Northern Alberta Institute of Technology in 2004 with a Bilingual Business Administration Diploma – Accounting. Mr. Strautman is also the Chief Financial Officer of Altiplano Minerals Ltd., a TSXV-listed junior mineral exploration company.

Brian Testo, President and Chief Executive Officer of Grizzly, stated "we have regretfully accepted Sean Mager's resignation as CFO which he has submitted due to other commitments, and wish to thank him for his dedication and diligence over the past five years. We are pleased that Jeremy has accepted the position in the interim while the Corporation focuses its attentions on the 2011 exploration programs for our Greenwood Gold Project and Alberta Potash Project. Jeremy has worked closely with Grizzly for 5 years and we consider his appointment to represent essentially a natural succession in the management of Grizzly."

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 2.43 million acres in Alberta along the Saskatchewan border.

Grizzly trades on the TSX Venture Exchange under the symbol GZD, with 34,254,636 Common Shares issued and outstanding.

On behalf of the Board
Grizzly Discoveries Inc.
/s/ "Brian Testo"
Brian Testo

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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