Grizzly Discoveries Inc.

Mr. Cliff Boychuk, an individual resident in British Columbia, hereby announces that on July 12, 2010 he purchased 766,738 units ("Units") of Grizzly Discoveries Inc. (TSX VENTURE:GZD) ("Grizzly") pursuant to a private placement. Each Unit consisted of one common share of Grizzly ("Common Share") and one non-transferable warrant ("Warrant") to purchase an additional Common Share at a price of $0.50 until the earlier of: (a) 30 days following the issuance of a press release by the Issuer that the trading price of the Common Shares on the TSX Venture Exchange is at or greater than $0.80 per Common Share for 10 consecutive trading days; and (b) July 5, 2011. The 766,738 Common Shares forming part of the Units represent 2.44% of the issued and outstanding Common Shares.

Following the purchase of the 766,738 Units, Mr. Boychuk will own or exercise control over: 3,778,999 Common Shares (including 1,078,888 Common Shares held jointly with his spouse), representing 12.03% of the issued and outstanding Common Shares. Mr. Boychuk also owns the following securities convertible into Common Shares: warrants exercisable at $0.65 per Common Share until June 30, 2011 to purchase 277,777 Common Shares; Warrants to acquire 2,500,000 Common Shares; and stock options to acquire 100,000 Common Shares at a price of $0.40 per Common Share. Assuming full exercise of all convertible securities, Mr. Boychuk will own or exercise control over 6,656,776 Common Shares, representing 19.41% of the issued and outstanding Common Shares.

Mr. Boychuk purchased the Units because he believed that they were a good value at the offering price. At present he has no intentions to increase his holdings in Grizzly, but may do so if he perceives there is an opportunity to acquire more Common Shares at a good value.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with Grizzly's documents on the SEDAR website at www.sedar.com. A copy of the Early Warning Report may also be obtained by contacting Jeremy Strautman at (780) 437-6624, ext. 227.

SOURCE: Mr. Cliff Boychuk

Jeremy Strautman
780-993-7438