Canadian Exploration Company Focused on Developing Exploration Assets in British Columbia and Alberta

with additional assets in goldproperties and diamondiferouskimberlites

Grizzly Issues Stock Options

EDMONTON, ALBERTA – July 7, 2017 -- Grizzly Discoveries Inc. (TSX-V: GZD; OTCBB: GZDIF; Frankfurt: G6H) ("Grizzly" or the "Company") announces that the Board of Directors has granted stock options (“Options”) to directors, officers, and consultants of the Company to acquire up to an aggregate 2,300,000 common shares of the Company (“Shares”) under the Company’s Stock Option Plan, of which 1,400,000 were granted to insiders of the Company.  The Options are exercisable at a price of $0.05 per Share, vest immediately upon issuance, and expire on July 7, 2022 or earlier in accordance with the provisions of the Company’s Stock Option Plan.  The grant of options and the exercise price are subject to approval by the TSX Venture Exchange.

About Grizzly Discoveries Inc.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 55.4 million shares issued.

On behalf of the Board,

Grizzly Discoveries Inc.

Brian Testo

CEO, President

(780) 693-2242

For further information, please visit our website at www.grizzlydiscoveries.comor contact:

Nancy Massicotte, Investor Relations                      or            Ian Lambert

IR PRO COMMUNICATIONS INC.                                               COO, Grizzly Discoveries Inc.

Tel: 604-507-3377                                                                             Tel: 416-840-9843

Toll Free: 1-866-503-3377                                                              Email: ilambert@grizzlydiscoveries.com

Email: ir@grizzlydiscoveries.com

www.irprocommunications.com

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.