Corporate Update for First Half of 2012 Announced by Grizzly Discoveries

Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) reported that through May 31, 2012, the Company has spent approximately $1.7 million in exploration on its potash and gold properties during 2012, and other updates.

Potash Exploration

South Medicine Hat Block (100% ownership)

Grizzly expects to conduct further drilling of 1 or 2 holes in the South Medicine Hat Block during the 3rd or 4th quarter of 2012.

North Lloydminster Block (100% ownership)

The Company intends to conduct a drilling program consisting of 1 to 2 drill holes in the North Lloydminster Block during the 3rd or 4th quarter of 2012.

Alberta Potash Project, Provost Property (50% ownership)

The first well of the Grizzly – Pacific 50:50 property was completed in mid-November 2011. The well yielded a wide, low grade potash zone with two higher grade zones within including up to 6.58% K2O (10.41% KCl) over 0.75 (2.46 ft). Further drilling on the Grizzly – Pacific 50:50 property is being considered for the 3rd or 4th quarter of 2012.

Gold Exploration

A diamond drilling program comprised of a total of 1,336 m in 4 holes was completed mid May, 2012 in the Mount Attwood area east of Greenwood. The results of the drilling program are pending and expected during June.

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