GZD Grizzly Discoveries Inc

Grizzly Discoveries Inc. (TSX VENTURE:GZD)(FRANKFURT:G6H) ("Grizzly") has signed
a contract with Lone Peak Drilling to commence diamond drilling on the Greenwood
Gold Project, South-Central British Columbia. Grizzly received its Mines Act
exploration permit for drilling at Copper Mountain from the British Columbia
Ministry of Energy, Mines and Petroleum Resources on November 12, 2009 and for
the Sappho drilling on June 14, 2010. The drill was mobilized to the property on
June 24, 2010 and has commenced drilling on gold showings in the Copper Mountain
area (See GZD news releases dated May10, 2010 and October 14, 2009).


Historic copper-silver-platinum-gold showings at the Sappho area (See GZD news
release dated October 14, 2009) and the gold zone intersected at Ket 28 during
late 2009 (See GZD news releases dated January 18, 2010, and October 14 and
August 14, 2009) are slated for drill testing during the 2010 drilling program.
Additional prospecting, sampling, ground geophysical surveys and geological
mapping are in progress at a number of target areas in the Greenwood area. The
fieldwork commenced mid-May and is being conducted by APEX Geoscience Ltd. As
current target identification progresses, other targets will be drill tested
during 2010. 


All 2010 field and office exploration programs are being conducted under the
supervision of Mr. Michael Dufresne, M.Sc., P.Geol., a principal of APEX
Geoscience Ltd. and a Qualified Person under NI 43-101.


Amendment of outstanding warrants

Grizzly is pleased to announce that the TSX Venture Exchange has conditionally
approved an extension to the expiry date of outstanding common share purchase
warrants of the Corporation to acquire an aggregate of 565,555 common shares of
Grizzly issued on June 30, 2009, for one additional year to June 30, 2011. The
exercise price of the amended warrants remains unchanged at $0.65. The original
terms of the amended warrants are described in Grizzly's news release dated July
2, 2009.


About Grizzly

Grizzly is an aggressive Canadian exploration company focused on exploring for
world class gold and base metal deposits in British Columbia and for diamonds
and industrial minerals in Alberta. In British Columbia, Grizzly currently has
four precious-base metal properties totaling over 235,000 acres. It currently
holds more than 1 million acres in diamond properties which host diamondiferous
kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta. Grizzly
has also acquired metallic and industrial mineral permits for potash totaling
more than 1.43 million acres along the Saskatchewan-Alberta border.


Grizzly trades on the TSX Venture Exchange under the symbol GZD, with 26,046,969
common shares issued to date.


On behalf of the Board

Grizzly Discoveries Inc.

Brian Testo, President

For further information, please visit our website at
http://www.grizzlydiscoveries.com.


This news release contains forward-looking statements regarding ongoing and
upcoming exploration work and expected geology, geological formations and
structures. There can be no assurance that such statements will prove accurate.
Such statements are necessarily based upon a number of estimates and assumptions
that are subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated or
projected. Important factors that could cause actual results to differ
materially from expectations are in Grizzly's documents filed from time to time
with the TSX Venture Exchange and provincial securities regulators, most of
which are available at www.sedar.com. Grizzly disclaims any intention or
obligation to revise or update such statements. 


This news release also contains technical information that has been publicly
sourced. Grizzly has not independently verified such information and accepts no
responsibility for its accuracy or completeness.

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