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

with additional assets in goldproperties and diamondiferouskimberlites

EDMONTON, ALBERTA--(Marketwire - 07/21/11) - Grizzly Discoveries Inc. (TSX VENTURE:GZD) (OTCQX:GZDIF) (FRANKFURT:G6H - News) ("Grizzly" or the "Company") is pleased to announce that it has entered into an investor relations agreement (the "Agreement") with MZHCI, LLC, an MZ-Group Company (the "Consultant" or "MZHCI"). MZ-HCI will provide investor relations advice to the Company, including assistance in developing, implementing and maintaining awareness of the Company among equity brokers, analysts, micro-cap portfolio/fund managers, market makers and appropriate financial and trade publications.MZ group (www.groupmz.com) is world's largest independent global investor relations and corporate communications firm. With offices in New York, Chicago, San Diego, Sao Paulo, Beijing, Shanghai, Hong Kong and Taipei, the firm currently has over 270 professionals serving more than 530 clients located throughout 10 countries.MZHCI, an MZ company provides innovative, customized services to domestic and multinational companies through a unique, fully-integrated "one-stop-shop" business model. Their teams' experience includes more than seven years across greater China and Asia."We believe the secular bull market in commodities will continue for the foreseeable future and that global fiscal uncertainties will continue to benefit precious metals, while a thriving consumer base in the BRIC countries will drive increased Potash consumption. Grizzly is well positioned to benefit from both of these positive trends," stated Matthew Hayden, Chairman of MZHCI, LLC.In consideration of the services provided, the Company will pay MZHCI a monthly consulting and services fee of US$5,000 per month payable on the first day of each month for the 12 month period of the contract or a one time yearly fee of US$60,000. MZHCI is at arm's length to the Company.The Agreement is effective for a period of 12 months commencing July 15, 2011 and is subject to the approval of the TSX Venture Exchange.About Grizzly Discoveries Inc.Grizzly trades on the TSX Venture Exchange under the symbol GZD, on the OTCQX exchange under the symbol GZDIF, and the Frankfurt Exchange under the symbol G6H, with 48,315,268 common shares issued and outstanding.Grizzly is an aggressive Canadian exploration company focused on: exploring for potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.34 million acres along the Alberta-Saskatchewan border. Grizzly currently has four precious-base metal properties in British Columbia totaling over 235,000 acres. Grizzly also currently holds more than 600,000 acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.On behalf of the BoardGrizzly Discoveries Inc.Brian Testo, PresidentCaution concerning forward-looking informationThis 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 www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.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.

All of the Company’s historical disclosures are available at www.sedar.com.