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Focused On Exploring For World Class Gold & Base Metal Deposits In British Columbia & Diamonds & Industrial Minerals In Alberta

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Message: Grizzly Diamonds Ltd. Announces Name Change

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Grizzly Diamonds Ltd. Announces Name Change

posted on Jan 08, 10 05:52PM

EDMONTON, ALBERTA--( Jan. 8, 2010) - Grizzly Diamonds Ltd. Changes Name

Grizzly Diamonds Ltd. (TSX VENTURE:GZD) (FRANKFURT:G6H) ("Grizzly" or the "Company") announced today that it has changed its name to "Grizzly Discoveries Inc.". Grizzly's stock symbol will remain as "GZD".

"We believe the new name better reflects the growth and diversity of Grizzly's mineral portfolio" said Brian Testo, President and CEO of Grizzly. "Our strategy is to deliver returns to shareholders through cost conscious management and value added exploration, which we have proven with the acquisition and advancement of our diamond, gold, base metal and potash properties".

About Grizzly

Grizzly is an aggressive Canadian exploration company focused on exploring for world class gold and base metal deposits in British Columbia and diamonds and industrial minerals in Alberta. In British Columbia, Grizzly currently has five precious-base metal properties totaling over 210,000 acres. It currently holds more than 1 million acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta. Grizzly has also acquired metallic and industrial mineral permits for potash totaling more than 1.4 Million acres along the Saskatchewan-Alberta border.

Grizzly trades on the TSX Venture Exchange under the symbol GZD, with 25,831,969 common shares issued and outstanding.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Grizzly Diamonds Ltd.
Brian Testo
(780) 693-2242 or (780) 712-3559
www.grizzlydiamonds.com

AGORACOM Investor Relations
Investor Relations
GZD@Agoracom.com
http://www.agoracom.com/IR/Grizzly