Grizzly Discoveries Inc. announced a private placement of Units and Flow-Through Units for aggregate gross proceeds of CAD 1,000,000 on June 20, 2024. The Offering consists of up to 16,666,668 Units and up to an additional 16,666,668 in any combination of Units or Flow-Through Units, at a price of CAD 0.03 per Unit and Flow-Through Unit. Each Unit shall consist of one common share and one nontransferrable common share purchase warrant ("Warrant") entitling the warrant holder to purchase an additional Common Share for CAD 0.05 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CAD 0.10 per Common Share for 10 consecutive trading days; and (b) 24 months from the date of issuance.

Each Flow-Through Unit shall consist of one Common Share and one half of one Warrant, each of which shall be issued as a "flow through share" for the purposes of the Income Tax Act (Canada). In connection with the Offering, the Company may pay finders fees payable in any combination of cash and warrants with terms equivalent to the Warrants, to registered broker dealers, limited market dealers or arm's length persons in accordance with the policies of the TSX Venture Exchange (the "Exchange") and applicable securities legislation and regulations. The Common Shares and any Common Shares issued on exercise of the Warrants are subject to restrictions on trading until four months and one day from the date of issuance in accordance with the policies of the Exchange.

The Offering is subject to acceptance by the Exchange.