Grizzly (GZD) Commences Fall Drilling Program at Greenwood Gold Project

Grizzly (TSX.V-GZD) commenced drilling on the Ket 28 property which will include a total of three follow-up drill holes.  Drilling during 2009 at the Ket 28 property yielded up to 11.9 g/t gold over 2.0 metres and 2.77 g/t gold over 11.0 metres.

Follow-up drilling is also planned for the Prince of Wales target at the Copper Mountain Property where 2010 drilling yielded a new gold discovery with up to 1 g/t gold over 30 metres.  Drilling during the fall program is also planned for the Dayton target where 2010 soil sampling yielded a high priority gold in soil target that is 400 m long by 200 m wide based on 50 samples that assay between 50 and 272 parts per billion (ppb) gold.

Brian Testo, President, states that “we are excited about the fall drilling program and the potential to expand the known gold zones at Ket 28 and Copper Mountain, as well as the potential to make a new discovery by testing the high priority gold in soil anomaly identified at the Dayton area.”

A total of up to 2,000 metres of diamond drilling is planned for the fall 2010 program.

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