GZD Grizzly Discoveries Inc

Grizzly Discoveries Inc. (TSX VENTURE:GZD)(OTCQX:GZDIF)(FRANKFURT:G6H)
("Grizzly" or the "Company") is pleased to provide an update in advance of the
Prospectors & Developers Association of Canada convention at the Metro Toronto
Convention Centre on March 2-5, 2014, at which Grizzly will be exhibiting.


Grizzly Discoveries' extensive and diverse portfolio of properties, including
the potash-prospective Alberta Potash Project in Eastern Alberta, the
diamondiferous-kimberlite hosting Alberta Diamond Project in North-central
Alberta and the historically productive Greenwood Property in Southeastern
British Columbia, cover an aggregate of over 700,000 hectares ("ha"), and is
mostly underexplored. The Company is conducting a strategic review of all of the
geological information that it has available on its properties, including
historical information preceding their acquisition by Grizzly, as well as the
Company's results from its exploration programs, to ensure that future
exploration programs yield favourable results with near-term resource definition
and development. 


In particular, the Company has been focussed on target selection at its
approximately 90,000 ha Greenwood Property, with a goal of discovering deposits
with near-term resource-definition potential. In addition to the selection of
the Ket 28 as a high priority high grade gold target, as previously announced
(see the Company's news releases dated October 10, 2013 and November 26, 2013),
the Company has re-evaluated results from exploration conducted in 2009 through
2011 at the Greenwood Property's Dayton prospect. The Company has concluded,
based upon a reinterpretation of the geology and a determination of
copper-equivalency(i) ("CuEq") values by incorporating coincident gold and
silver values with the copper intersected in previous drill holes, that the
Dayton prospect is a high priority copper-gold porphyry target. Drilling
conducted at the Dayton Prospect in 2010 and 2011 indicated values greater than
0.12% CuEq over core lengths between 50 to 135 metres ("m"), with a number of
shorter intervals in several of the drill holes yielding up to and greater than
0.40% CuEq.


Brian Testo, Grizzly's President and Chief Executive Officer, commented that
"this re-examination of the Company's previous results has shed a new light on
the Dayton prospect, and we at Grizzly are very optimistic that future drilling
there will continue to yield favourable results and may lead to a significant
discovery." 


GREENWOOD PROPERTY STRATEGIC REVIEW

In light of copper porphyry discoveries that have been made in northwest British
Columbia within the last six months, Grizzly is conducting a strategic review of
its mineral claim holdings in the Greenwood Property in south-central British
Columbia. Based upon the recent NI 43-101 technical report completed for the
Company by APEX Geoscience Ltd. dated September 1, 2013 and filed on SEDAR,
portions of Grizzly's Greenwood Property are considered highly prospective for
the presence of copper porphyries similar to those which have recently been
discovered in northwestern and central British Columbia.


The strategic review has identified a number of prospects that have geological
characteristics and, in some cases, mineralization that is indicative of copper
porphyry style mineralization. The Dayton prospect, on which exploration was
conducted by the Company between 2009 and 2011, included drilling which yielded
strong evidence of copper-gold porphyry style mineralization. 


A total of 1,021 soil samples indicated a strong northwest-trending copper-gold
anomaly approximately 450 m by 200 m with more than 100 of the samples
containing from 100 parts per million ("ppm") copper ("Cu") up to 1,225 ppm Cu,
along with 40 samples containing greater than 50 parts per billion gold ("Au").
Surface mapping in the area identified a number of occurrences of pyrite and
chalcopyrite, locally associated with high copper and gold grades, in
association with strongly hornfelsed volcanics, sediments and alkaline
intrusions, along with local skarn. An Induced Polarization ("IP") survey
identified a number of high quality positive IP chargeability anomalies, one of
which is associated with the soil anomaly. 


A drilling program conducted in 2010 intersected up to 0.03% Cu and 0.18 g/t Au,
or 0.12% CuEq, over 96 m of core length, including a higher grade zone of 0.35%
CuEq over 8.1 m. In subsequent drilling conducted in 2011, a second eastern IP
anomaly with a weak associated copper-gold soil anomaly was drill tested and
yielded 0.19% CuEq over 117 m of core length, with a high grade zone of 0.39%
CuEq (0.15% Cu, 0.43 g/t Au and 0.81 g/t Ag) over 51 m near the top of the hole.
These drill holes intersected the copper-gold-silver mineralization in large
alteration and breccia zones with grades that compare favourably to the recently
reported grades for the newly discovered copper porphyries in northwest British
Columbia. 


GREENWOOD PROPERTY - GEOLOGICAL BACKGROUND

The Company's Greenwood Property is situated within Quesnelia Terrane, host to
the vast majority of British Columbia's major known copper porphyry deposits
from Princeton and Kamloops up to Dease Lake. Airborne surveys conducted by the
Company in 2008 and 2009 over three quarters of the Greenwood Property
identified numerous moderate to small intrusive bodies which are spatially
associated with vast areas of extensive hornfels, some of which is associated
with past producing copper-silver-gold skarn mineralization, as in the historic
Phoenix and Motherlode areas within the Greenwood Property. The Greenwood area
is underlain by numerous deep seated structures with at least three known large
scale grabens with intrusions and extensive alteration spatially associated the
graben structures. The grabens are young and have preserved Tertiary sediments
and volcanics along with underlying older Paleozoic to Triassic rocks within the
boundaries of the grabens, likely preserving any potential intrusion-related
copper mineralization. 


FUTURE PLANS

The Company has previously identified seven distinct areas of polymetallic
mineralization within its 90,000 ha Greenwood Property. In addition to
undertaking further planned drilling on the Ket 28 target and Dayton prospect,
the Company will be seeking option and joint venture opportunities for
development of the other prospect areas. The Company is also concurrently
marketing internationally its Alberta Potash Project, seeking a joint venture
partner to fund the next stage of drilling on its northern block, where historic
drilling yielded 18.6%K2O (or over 28% KCl potash).


Any proposed exploration programs to be conducted on the Company's properties
are subject to financing. 


(i) Copper equivalency ("CuEq") values disclosed in this news release have been
calculated utilizing values of $1,250 per ounce for gold, $20 per ounce for
silver and $3.25 per pound for copper.


ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary
listing on the TSX Venture Exchange with 48.7 million shares issued, focused on
developing significant Potash assets in Alberta and its precious metals
properties in southeastern British Columbia. The Company holds, or has an
interest in: metallic and industrial mineral permits for potash totaling more
than 900,000 acres along the Alberta-Saskatchewan border; over 235,000 acres of
precious-base metal properties in British Columbia; and more than 600,000 acres
in properties which host diamondiferous kimberlites in the Buffalo Head Hills
and Birch Mountains of Alberta. 


The content of this news release and the Company's technical disclosure has been
reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., who is the
Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects.


On behalf of the Board, Grizzly Discoveries Inc.

Brian Testo, President, (780) 693-2242

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


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; 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: 
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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