Recent Jobs in 2011-12

Grizzly Discoveries Inc

Copper Fox

Colonial Coal

BCM Resources

Running Fox Resources

Barkerville Gold Mines

DNI Metals Inc.

Cougar Resources Inc

New Nadina Reources

       Project Started: November 3rd,2010

Lone Peak Drilling of Kimberley, B.C., has been contracted by Grizzly Discoveries

Dayton property

Soil sampling by crews from APEX Geoscience Ltd. during 2010 located a high-priority gold-in-soil target that is 400 m long by 200 m wide with 50 samples that assay between 50 and 272 parts per billion (ppb) gold (see Grizzly's Stockwatch news release dated Oct. 18, 2010).

The company plans to complete seven to 10 drill holes (800 to 1,000 m) at the Dayton property. The Lone Peak Drilling Ltd. diamond drill has been moved to the Dayton property target area in the vicinity of the historic Mt. McKinney gold camp. Drilling should be completed by mid-December with all core logged, sampled and shipped to ALS Laboratory Group in North Vancouver, B.C., prior to Christmas. Preliminary assay results should be available early in the new year.

All 2010 field and office exploration programs are conducted under the supervision of Michael Dufresne, MSc, PGeol, a principal of APEX Geoscience Ltd. and a qualified person under National Instrument 43-101.


Grizzly investor Boychuk buys 766,738 units

2010-07-16 16:46 ET

Cliff Boychuk, purchased on July 12, 2010, 766,738 units of Grizzly Discoveries Inc. pursuant to a private placement. Each unit consisted of one common share of Grizzly and one non-transferable warrant to purchase an additional common share at a price of 50 cents until the earlier of: (a) 30 days following the issuance of a news release by the issuer that the trading price of the common shares on the TSX Venture Exchange is at or greater than 80 cents per common share for 10 consecutive trading days; and (b) July 5, 2011. The 766,738 common shares forming part of the units represent 2.44 per cent of the issued and outstanding common shares.

Following the purchase of the 766,738 units, Mr. Boychuk will own or exercise control over 3,778,999 common shares (including 1,078,888 common shares held jointly with his spouse), representing 12.03 per cent of the issued and outstanding common shares. Mr. Boychuk also owns the following securities convertible into common shares: warrants exercisable at 65 cents per common share until June 30, 2011, to purchase 277,777 common shares; warrants to acquire 2.5 million common shares; and stock options to acquire 100,000 common shares at a price of 40 cents per common share. Assuming full exercise of all convertible securities, Mr. Boychuk will own or exercise control over 6,656,776 common shares, representing 19.41 per cent of the issued and outstanding common shares.

Mr. Boychuk purchased the units because he believed that they were a good value at the offering price. At present he has no intentions to increase his holdings in Grizzly, but may do so if he perceives there is an opportunity to acquire more common shares at a good value