SOURCE: Grizzly Gold Corp

September 11, 2013 17:52 ET

Grizzly Gold Announces Shareholder Update

RENO, NV--(Marketwired - Sep 11, 2013) -  Grizzly Gold Corp. (OTCQB: GRZG), a U.S.- based mineral exploration company with operations and assets in Nevada, today issued the following shareholder update letter from Paul Strobel, President & CEO.

(To view the full version of the letter go to grizzlygoldcorp.com and click on "news")

Dear Grizzly Gold Corp Shareholders:

First and foremost, we wish to thank you for your continued support. We are pleased to update our activities to date and share with you our vision for the Company's future.

Grizzly Gold Corp has achieved meaningful progress, especially in this past year, as we continue to make measured gains and implementing plans to create and capture shareholder value. To that end, we are pursuing a second phase of drilling on our Fox Spring gold project in north-central Nevada.

During the past two years we have accumulated compelling evidence through mapping, sampling, a first round of drilling, and geophysics that the Fox Spring project area may contain a large, sediment hosted, bulk mineable gold deposit.

As we have done successfully in the past, we plan to fund a second round of drilling with a private placement of shares in the Company. Drilling is fully permitted with the BLM and is expected to commence later this fall.

If we receive favorable results from a second round of drilling, the company will be in the position to decide to seek a joint venture with a major mining company, farm out the property for continued development, or continue to enhance the property on our own.

We expect the next six months to mark a major inflection point in our growth. We have amassed the right mix of geologic evidence and expertise to realize what we believe will be a promising future.

The company encourages you to visit our website at grizzlygoldcorp.com for all activity updates, technical information, and links to required SEC filings.

Yours very truly,

Paul Strobel, President & CEO

About Grizzly Gold Corp
Grizzly Gold Corp is a US based exploration company focusing on advancing development on its gold projects in the Nevada area. Grizzly Gold is a publicly traded company on the OTCBB.

Forward Looking Statements
Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at http://www.sec.gov.

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