Grizzly Completes Stage 1 Drilling at Greenwood Gold Project

Grizzly Discoveries has completed the Stage 1 drilling program of 1,590 meters in 11 drill holes at their Greenwood Gold Project, Greenwood, BC.  The program commenced late June and was completed in early August.

Approximately 950 m in 7 drill holes were completed on gold targets at the Copper Mountain area north of Midway.  About 640 m in 4 drill holes was completed on the copper-gold-silver-platinum Sappho prospect in the Greenwood area.  Stage 2 drilling is planned to commence during mid to late September once results have been received for the Stage 1 program and further land use permitting is in place for other targets in the Ket 28, Dayton and Motherlode areas.

The Company expects that all core logging and sampling activities will be completed by mid August.  The first batch of core samples has been shipped to ALS Laboratory Group and initial assay results are expected in early to mid September 2010.

Fieldwork consisting of geological mapping, rock, stream sediment and soil sampling along with ground geophysics has been ongoing since May 2010 and will continue through to the Stage 2 drilling program.  More than 800 samples have been collected across the property.  Highlights include numerous selective high grade rock grab samples collected from the Copper Mountain area with up to 129.0 g/t Au obtained from the Coronation prospect and up to 19.3 g/t Au obtained from the Mabel Jenny prospect.  The Dayton and Motherlode prospects have also yielded high grade gold results from selective high grade rock grab samples including up to 16.0 g/t Au from the Dayton prospect and 13.85 g/t Au from the Motherlode prospect.

Go to the website:  www.grizzlydiscoveries.com for the full news release.

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