GZD Grizzly Discoveries Inc

Grizzly Discoveries Inc. (TSX VENTURE:GZD)(OTCQX:GZDIF)(FRANKFURT:G6H)
("Grizzly" or the "Company") announces that the Board of Directors of the
Company (the "Board") has authorized the grant of stock options under the
Company's Stock Option Plan to two consultants of the Company to purchase an
aggregate of 200,000 common shares of the Company exercisable at a price of
$0.10.


In addition, the Board has approved, subject to approval of the TSX Venture
Exchange (the "Exchange"), an amendment of the exercise price of the following
stock options granted under the Company's incentive stock option plan to $0.10
per common share of the Company.




----------------------------------------------------------------------------
Total Number                                                                
 of Options                                                         Original
 to be         Number of Options Number of Options                  Exercise
 Repriced   Held by Non-Insiders  Held by Insiders       Expiry Date   Price
----------------------------------------------------------------------------
100,000                  100,000                 -    April 13, 2013   $0.50
500,000                  500,000                 -   August 23, 2013   $0.75
200,000                        -           200,000 December 29, 2014   $0.42
625,000                  175,000           450,000  January 20, 2015   $0.40
750,000                  270,000           480,000 November 10, 2015   $0.30
40,000                    40,000                 - November 16, 2015   $0.30
200,000                        -           200,000    March 11, 2016   $0.47
200,000                        -           200,000    April 25, 2016   $0.55
1,100,000                225,000           875,000  October 31, 2016   $0.75
--------------------------------------------------                          
3,715,000              1,310,000         2,405,000                          
----------------------------------------------------------------------------



Pursuant to policies of the Exchange, the amendment to the exercise price of
incentive stock options held by insiders of the Company must be approved by
disinterested shareholders of the Company at the next annual general meeting of
shareholders of the Company. Such stock options may not be exercised until
disinterested shareholder approval is obtained. 


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 48,725,268 common shares issued and outstanding. 


Grizzly is an aggressive and diversified Canadian mineral exploration company
exploring for: potash in Alberta; world class gold and base metal deposits in
British Columbia; and diamonds in Alberta. 


On behalf of the Board 

Grizzly Discoveries Inc.

Brian Testo, President 

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; the ability to satisfy the
conditions of closing of the Offering; 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Grizzly Discoveries Inc.
Brian Testo
President
(780) 693-2242
www.grizzlydiscoveries.com


IR PRO COMMUNICATIONS
Nancy Massicotte
Investor Relations
604-507-3377 or Toll Free: 1-866-503-3377
ir@grizzlydiscoveries.com
www.irprocommunications.com

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