Renewed Interest in Diamond Exploration Prompts Reevaluation of Grizzly's Dormant Alberta Diamond Project; Company Stakes

Renewed Interest in Diamond Exploration Prompts Reevaluation of Grizzly's 
Dormant Alberta Diamond Project; Company Stakes Additional Claims in Buffalo 
Head Hills 
FOR: Grizzly Discoveries Inc. 
JUNE 10, 2014 
Renewed Interest in Diamond Exploration Prompts Reevaluation of Grizzly's
Dormant Alberta Diamond Project; Company Stakes Additional Claims in Buffalo
Head Hills 
EDMONTON, ALBERTA--(Marketwired - June 10, 2014) - Grizzly Discoveries Inc.
"Company") is pleased to announce that it has acquired additional
permits (the "New Permits") for its Alberta Diamonds Project by
staking 34,496 hectares (85,241 acres) of highly prospective lands for
diamond-bearing kimberlites in the Buffalo Head Hills area of North-central
Alberta. These additional claims add to the 57,529 hectares (142,157 acres)
already held by the Company's Alberta Diamond Project in the Buffalo Head
Hills area. The Company's Alberta Diamond Project hosts at least 7
kimberlites, to date 3 of which have been identified with microdiamonds. 
Subsequent to staking the New Permits, the Company's Alberta Diamond
Project now covers 92,025 hectares (227,399 acres) of the Buffalo Head Hills
kimberlite field, for which Grizzly has the exclusive rights to explore for
metallic and industrial minerals. The Alberta Diamond Project permits are in
good standing until dates ranging from late 2014 to 2027, subject to biannual
assessment work. Grizzly has conducted exploration in the Buffalo Head Hills
kimberlite field since 1997 completing numerous geophysical and heavy-mineral
indicator surveys, and discovering three new diamondiferous kimberlite bodies
in 2008 and 2009, bringing the total number of kimberlites within
Grizzly's Buffalo Head Hills kimberlite field-hosted Alberta Diamond
Project to seven.  
Grizzly's Alberta Diamond Project lies within the Buffalo Head Hills
kimberlite field, which is located approximately 35 to 45 kilometers northwest
of the Hamlet of Red Earth Creek, Alberta, and approximately 330 kilometers
northwest of Edmonton, Alberta. 41 kimberlites have been discovered by various
parties in the Buffalo Head Hills kimberlite field, an area of approximately
2,500 square kilometres representing the third largest known district of
significant diamond-bearing kimberlites in Canada after Lac de Gras, Northwest
Territories and Fort a la Corne, Saskatchewan. The diamondiferous Buffalo Head
Hills kimberlite field has generated exploration interest due to the relatively
large kimberlite dimensions (up to 45 hectares), encouraging diamond contents
(up to 55 carats per hundred tonnes with the presence of some colored
diamonds), and high ratio of diamondiferous to barren kimberlite (28 of 41
kimberlites tested contain diamonds). The Buffalo Head Hills Joint Venture
(unrelated to the Company), comprised of Canterra Minerals Corporation (33%),
Shore Gold Inc. (33%) and Encana Corporation (34%) currently hold five
kimberlite bodies in the field which have undergone mini-bulk and bulk sampling
(between 22 and 616 tonnes): kimberlites K6, K11, K14, K91 and K252. 
The potential for discovery of additional diamondiferous kimberlites within
Grizzly's Buffalo Head Hills properties is considered high based upon the
favourable regional geological setting and the positive results of exploration
conducted to date by Grizzly. Grizzly's geological consultants, APEX
Geoscience Ltd. of Edmonton, Alberta, have recommended that, subject to
financing, Grizzly proceed with exploration on two fronts. First, bulk sample
the BE-2 and BE-3 kimberlites discovered by the Company in 2008, which returned
close to 1 microdiamond per kilogram during the 2008 drilling campaign. Second,
proceed to drill test the numerous high priority targets that Grizzly has
identified in the region in order to continue the search for new diamondiferous
kimberlites. Particularly, Grizzly will focus on kimberlites with a weak
magnetic signature, which have tended to yield better diamond counts in the
Buffalo Head Hills kimberlite field.  
Based on these recommendations, Grizzly has staked its new lands in the
vicinity of the Buffalo Head Hills Joint Venture's K6, K11, K14, K91 and
K252 kimberlites and plans to conduct new detailed ground geophysical surveys,
combined with the acquisition of detailed lidar and airborne orthophoto data,
in the search for new kimberlites in the vicinity of what are considered to be
the best kimberlites yet discovered in the Buffalo Head Hills kimberlite field. 
The Company has not conducted significant exploration work on its Alberta
Diamond Project since the kimberlite discoveries in 2008, however has
maintained in good standing the permits covering the discovered kimberlites and
identified targets deemed to be of the highest prospectivity. In addition to
the encouraging exploration results obtained by the Company and by other
unrelated parties which have conducted exploration in the area, the Buffalo
Head Hills region contains infrastructure, utilities, skilled labour, roads and
access that would potentially be required to economically develop a diamond
Grizzly is evaluating strategies for the renewal exploration at its Alberta
Diamond Project, which was the Company's initial project during its
initial public offering in 2004 (under the name Grizzly Diamonds Ltd.). This
has been prompted by the renewed interest in diamond exploration by a number of
companies across Canada, indicating a resurgence in market sentiment towards
diamond exploration. The Company will consider both undertaking its own drill
program, as well as pursuing the possibilities of joint ventures on its Buffalo
Head Hills properties. Grizzly is actively seeking equity funding and/or joint
venture partners to invest in further diamond exploration at its Alberta
Diamond Project in the Buffalo Head Hills area. 
Grizzly is a diversified Canadian mineral exploration company with its primary
listing on the TSX Venture Exchange with 48.7 million shares issued, focused on
developing significant Potash assets in Alberta and its precious metals
properties in southeastern British Columbia. The Company holds, or has an
interest in: metallic and industrial mineral permits for potash totaling more
than 900,000 acres along the Alberta-Saskatchewan border; over 235,000 acres of
precious-base metal properties in British Columbia; and more than 200,000 acres
in properties which host diamondiferous kimberlites in the Buffalo Head Hills
and Birch Mountains of Alberta.  
The content of this news release and the Company's technical disclosure
has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., who is
the Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects. 
On behalf of the Board 
Grizzly Discoveries Inc. 
Brian Testo, President 
(780) 693-2242 
For further information, please visit our website at 
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. 
Caution concerning forward-looking information 
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities laws. This information and statements address future activities,
events, plans, developments and projections. All statements, other than
statements of historical fact, constitute forward-looking statements or
forward-looking information. Such forward-looking information and statements
are frequently identified by words such as "may," "will,"
"should," "anticipate," "plan,"
"expect," "believe," "estimate,"
"intend" and similar terminology, and reflect assumptions, estimates,
opinions and analysis made by management of Grizzly in light of its experience,
current conditions, expectations of future developments and other factors which
it believes to be reasonable and relevant. Forward-looking information and
statements involve known and unknown risks and uncertainties that may cause
Grizzly's actual results, performance and achievements to differ
materially from those expressed or implied by the forward-looking information
and statements and accordingly, undue reliance should not be placed thereon. 
Risks and uncertainties that may cause actual results to vary include but are
not limited to the availability of financing; fluctuations in commodity prices;
changes to and compliance with applicable laws and regulations, including
environmental laws and obtaining requisite permits; political, economic and
other risks; as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and Analysis
and in other filings made by us with Canadian securities regulatory authorities
and available at Grizzly disclaims any obligation to update or
revise any forward-looking information or statements except as may be required
by law. 
Investor Relations:
Nancy Massicotte
604-507-3377 or Toll Free: 1-866-503-3377 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
-0- Jun/10/2014 16:33 GMT
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