EDMONTON, ALBERTA--(Marketwire - April 5, 2010) - Grizzly Discoveries Inc. (TSX VENTURE:GZD) (FRANKFURT:G6H) ("Grizzly") is pleased to announce that subject to approval of the TSX Venture Exchange (the "Exchange"), it has retained IR Pro Communications ("IRPC") of Delta, British Columbia to provide investor relations services.
IRPC will be responsible for assisting Grizzly with the expansion of its investor relations and corporate communications. Brian Testo, President and CEO of Grizzly states, "We are very pleased to be working with Nancy Massicotte and her team at IR Pro Communications. We believe that enhancing our communications strategy will add substantial value to Grizzly by increasing public and investor awareness of Grizzly's aggressive mineral property acquisition and exploration strategies."
Grizzly and IRPC are at arm's length and have entered into a written agreement for an initial three month term commencing April 1, 2010. IRPC will receive compensation in the sum of $3,000 per month and will also be granted stock options ("Options") under Grizzly's incentive stock option plan to purchase up to 100,000 common shares of Grizzly ("Shares") at a price of $0.40 per Share, or at such other price acceptable to the Exchange. The Options are for a term of two years (unless terminated earlier under the Plan) and vest in equal quarterly amounts over the first year of the term. IRPC advises that it does not hold any Shares or rights to acquire Shares other than the Options and that it provides investor relations services to "small cap" public companies in Canada and the United States.
About Grizzly
Grizzly is an aggressive Canadian exploration company focused on exploring for world class gold and base metal deposits in British Columbia and diamonds and industrial minerals in Alberta. In British Columbia, Grizzly currently has four precious base metal properties totaling over 225,000 acres. It currently holds more than 1 million 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 1.43 million acres along the Saskatchewan-Alberta border.
Grizzly trades on the Exchange under the symbol GZD, with 26,006,969 common shares issued to date.
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.
