Grizzly Announces Commencement of Fall Drilling Program and Polymetallic Mineralization Including PGE's for Sappho Drilling, Gre

Grizzly Discoveries Inc. (TSX VENTURE:GZD) (FRANKFURT:G6H) ("Grizzly" or the
"Company") is pleased to announce the commencement of the fall drilling program,
the identification of a high priority gold in soil anomaly at the Dayton
Prospect and assay results for the last four core holes drilled at the Greenwood
Gold Project in British Columbia during 2010. At the Sappho target, a large 500
m x 800 m magnetic feature indicative of an alkaline intrusive complex was
tested with four holes and yielded encouraging copper, gold, silver and platinum
group element (PGE) results.


Brian Testo, President of Grizzly, states that "we are excited about the high
priority gold in soil anomaly identified at the Dayton area and are planning to
test the anomaly during the fall drilling program. The results of the Sappho
drilling have confirmed the presence of widespread gold, platinum, silver and
copper across significant widths. We look forward to conducting a follow-up
drilling program at Sappho. The sources of high grade copper, silver, and
platinum found in grab samples from the Sappho remain to be discovered."


2010 Sappho Drilling Results

A total of 640 m in 4 drillholes were completed at the Sappho prospect in the
Greenwood area during the Stage 1 summer reconnaissance drilling campaign. Final
assays have been received for the four holes and are summarized below in Table
1. Drillholes 10SP01 and 10SP02 were drilled to target the North and Main
historic surface showings of copper (Cu), silver (Ag), platinum (Pt) and gold
(Au), respectively. The drilling results confirmed the mineralization identified
at surface, which included results of 0.11 grams per tonne (g/t) Pt and 0.025%
Cu across 12.0 m core length in hole 10SP01 along with 0.26 g/t Au and 0.036% Cu
across 6.0 m core length in hole 10SP02 (Table 1). Assays of selective rock grab
samples from the North showings yielded up to 8.28% Cu, 75.3 g/t Ag, 0.64 g/t Au
and 27.1 g/t Pt and up to 13.1% Cu, 298 g/t Ag, 2.2 g/t Au and 2.99 g/t Pt at
the Main showings.


Drillhole 10SP03 targeted a blind magnetic anomaly within the Sappho alkaline
complex and intersected skarn and hornfels in conjunction with highly altered
monzodiorite and pyroxenite and yielded 0.124% Cu, 0.018% zinc (Zn), 8.68 g/t
Ag, 0.22 g/t Au and 0.07 g/t Pt over 63.5 m core length with narrow higher grade
zones at the upper and lower contacts of the hornfels to skarn zone (Table 1).
The mineralization is hosted in a wide and intense zone of
biotite-garnet-magnetite hornfels to skarn with abundant pyrite and
chalcopyrite. 




Table 1. Summary assay results for Sappho drillholes.              
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Hole ID                    From (m)  To (m)  Length (m)   Au (g/t) 
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10SP01                        24.5    89.0        64.5          -  
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includes                      48.5    89.0        40.5          -  
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includes                      78.5    89.0        10.5          -  
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10SP01                       105.5   117.5        12.0       0.12  
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10SP02                        32.0    85.4        53.4          -  
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includes                      32.0    59.0        27.0       0.09  
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includes                      45.5    59.0        13.5       0.14  
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includes                      53.0    59.0         6.0       0.26  
-------------------------------------------------------------------
includes                      75.5    85.4         9.9          -  
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10SP03                          51   144.5        93.5       0.17  
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includes                      64.0   127.5        63.5       0.22  
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includes                      64.0    71.0         7.0       0.63  
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includes                     121.0   127.5         6.5       0.75  
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10SP04                       Highest Core Sample Assay       0.29  
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Table 1. Summary assay results for Sappho drillholes.               
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Hole ID                   Pt (g/t)  Ag (g/t)  Cu (%)  Zn (%)  Target
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10SP01                                                        Sappho
                             0.04         -   0.023       -    North
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includes                     0.06         -   0.021       -        "
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includes                     0.11         -   0.025       -        "
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10SP01                          -      0.66       -       -        "
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10SP02                                                        Sappho
                                -         -   0.028       -     Main
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includes                        -         -   0.020       -        "
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includes                        -         -   0.033       -        "
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includes                        -         -   0.036       -        "
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includes                        -         -   0.041       -        "
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10SP03                                                        Sappho
                             0.06      6.05   0.089   0.015     Mag1
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includes                     0.07      8.68   0.124   0.018        "
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includes                     0.18      68.4   0.408   0.039        "
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includes                     0.34      6.57   0.306   0.010        "
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10SP04                                                        Sappho
                                -      8.10   0.074       -     Mag2
--------------------------------------------------------------------



2010 Dayton Surface Results

During August and early September 2010 a total of 1,021 soil samples (including
field duplicates) were collected at the Dayton Prospect over a grid
approximately 2.0 km by 1.4 km with 50 m lines and 25 m stations. Final sample
results have been received from ALS Chemex, North Vancouver. A total of 40 soil
samples yielded at least 50 parts per billion (ppb) Au up to a maximum of 272
ppb Au defining an excellent soil anomaly area 200 m wide by 450 m long as a
potential Au target. The gold anomaly is accompanied by a strong Cu anomaly with
more than 100 soil samples containing greater than 100 parts per million (ppm)
up to 1,225 ppm Cu. The Au-Cu anomaly has seen some historic percussion drilling
during the late 1980's but is inadequately drilled. Surface rock grab sampling
and geological mapping have identified the presence of abundant pyrite and
chalcopyrite associated with hornfels and skarn spatially associated with
altered alkaline intrusives.


A total of 370 rock grab samples collected from around the Dayton area during
2010 have yielded a total of 119 samples with greater than 100 ppb Au up to 16.0
g/t Au with 19 grab samples yielding greater than 1 g/t Au. Many of the gold
bearing rock grab samples were collected from old trenches and outcrops
spatially associated with the Au in soil anomaly identified by the 2010 soil
sampling program. The Dayton area represents a high priority drill target area.
Ground geophysical surveys and additional soil sampling are planned along with
drilling during the fall 2010 program.


2010 Future Plans

Drilling permits have been received for drilling at the Motherlode area, as well
for follow-up drilling at the Copper Mountain (1.0 g/t Au over 30 m core length)
and Ket 28 (8.75 g/t Au over 3.0 m and 2.77 g/t Au over 11 m) target areas. A
permit application for drilling at the Dayton target area has been submitted. A
total of up to 2,000 m of diamond drilling is planned for the fall 2010 program.


A geological crew from APEX Geoscience Ltd. has mobilized to the field and
started the fall exploration program. A soil sampling survey is underway to
further define the Prince of Wales target in the Copper Mountain area. These
data along with further geological studies will be completed and evaluated
before further drilling of the Prince of Wales and other targets in the Copper
Mountain area will be conducted.


The crew will also conduct ground geophysical surveys including magnetics and
possibly HLEM at the Dayton prospect prior to drilling. Further follow-up soil
sampling is being contemplated in other areas of historic anomalies in the
highly prospective Dayton area. Drilling will be initiated at the Dayton
prospect upon receiving the government drilling permit.


All 2010 field and office exploration programs are being conducted under the
supervision of Mr. Michael Dufresne, M.Sc., P.Geol., a principal of APEX
Geoscience Ltd. and a Qualified Person under National Instrument 43-101.


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
http://www.grizzlydiscoveries.com


This news release contains forward-looking statements regarding ongoing and
upcoming exploration work and expected geology, geological formations and
structures. There can be no assurance that such statements will prove accurate.
Such statements are necessarily based upon a number of estimates and assumptions
that are subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated or
projected. Important factors that could cause actual results to differ
materially from expectations are in Grizzly's documents filed from time to time
with the TSX Venture Exchange and provincial securities regulators, most of
which are available at www.sedar.com. Grizzly disclaims any intention or
obligation to revise or update such statements.