EDMONTON, ALBERTA – June 2, 2016 -- Grizzly Discoveries Inc. (TSX-V: GZD; OTCBB: GZDIF; Frankfurt: G6H) ("Grizzly" or the "Company") is pleased to announce that it has appointed Mr. Andre Dallaire as an Advisor to the Board of Directors of the Company. Mr. Dallaire is a former Canadian diplomat, having served as consul and assistant trade commissioner for ten years in the US, Turkey, Peru and France. Mr. Dallaire subsequently worked as a financial advisor and consultant to Saudi Aramco in Saudi Arabia and Bahrain Telecom in Bahrain. Mr. Dallaire currently resides in Panama and has been an active investor in gold and other mineral resources stocks since 2008.
The Company also 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 2,200,000 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 $0.075 per Share, vest immediately upon issuance, and expire on June 2, 2021 or earlier in accordance with the provisions of the Company’s Stock Option Plan.
About Grizzly Discoveries Inc.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 52.4 million shares issued, focused on developing significant Potash assets in Alberta and its precious metals properties in southeastern British Columbia. The Company holds over 235,000 acres of precious-base metal properties in British Columbia; more than 223,430 acres of properties which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta; and metallic and industrial mineral permits for potash totaling more than 143,000 acres along the Alberta-Saskatchewan border.
On behalf of the Board,
Grizzly Discoveries Inc.
For further information, please visit our website at www.grizzlydiscoveries.com or contact:
Nancy Massicotte, Investor Relations or Ian Lambert
IR PRO COMMUNICATIONS INC. COO, Grizzly Discoveries Inc.
Tel: 604-507-3377 Tel: 416-840-9843
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.