Announcement • Feb 28

Grizzly Discoveries Inc. announced that it expects to receive CAD 1 million in funding

Grizzly Discoveries Inc. announced private placement of up to 7,142,856 Units of the company at a price per Unit of CAD 0.035 for gross proceeds of CAD 249,999.96 and 21,428,574 Flow Through Units of the company at a price per FT Unit CAD 0.035 for gross proceeds of CAD 750,000.09 and for aggregate gross proceeds of CAD 1,000,000.05 on February 27, 2026. Each Unit shall consist of one common share of the Company and one Common Share purchase warrant entitling the warrant holder to purchase an additional Common Share for CAD 0.055and 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) 60 months (5 years) from the date of issuance. Each FT Unit shall consist of one Common Share and one half of one Common Share purchase warrant, each of which shall be issued as a "flow through share" for the purposes of the Income Tax Act (Canada). Each whole FT Unit Warrant shall entitle the holder to purchase an additional Common Share for CAD 0.055 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) 36 months (3 years) from the date of issuance. The offering is being offered to qualified subscribers in the Provinces of Alberta, British Columbia and Ontario and in other jurisdictions as the Company may in its discretion determine, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation. There is no minimum to the offering. If the Company closes on less than the maximum proceeds, or if the proportion of Units and FT Units differs from the above, the use of proceeds will be adjusted. In connection with the offering, the Company may pay finders fees payable in any combination of cash, Units, and Warrants to registered broker dealers, limited market dealers or arm's length persons in accordance with the policies of the TSX Venture 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 of the TSX Venture Exchange. In connection with the transaction, the company paid CAD 48,000 to management fees to officers and CAD 140,000 to other corporate overhead.

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Grizzly Discoveries Inc. announced that it expects to receive CAD 1 million in funding

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