Additional One Year Term
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EDMONTON, ALBERTA--(Marketwire - April 11, 2011) - Grizzly Discoveries Inc. (TSX VENTURE:GZD) (OTCQX:GZDIF) (FRANKFURT:G6H) ("Grizzly") is pleased to announce that subject to approval of the TSX Venture Exchange (the "Exchange"), it has entered into a new agreement with IR Pro Communications ("IRPC") of Delta, British Columbia to provide investor relations services beginning April 1 2011 for a term of twelve months. IRPC has been providing investor relations services to Grizzly since April 1, 2010.
IRPC will continue to be responsible for assisting Grizzly with the expansion of its investor relations and corporate communications.
Grizzly and IRPC are at arm's length and have entered into a new written agreement for a twelve month term commencing April 1, 2011. IRPC will receive compensation in the sum of $3,500 per month and will also be granted stock options ("Options") under Grizzly's incentive stock option plan to purchase up to 100,000 common shares of Grizzly ("Shares") at a price of $0.50 per Share, or at such other price acceptable to the Exchange. The Options are for a term of two years (unless terminated earlier under the Plan) and vest in equal quarterly amounts over the first year of the term. IRPC advises that Nancy Massicotte of IRPC beneficially owns or controls 4,000Shares and rights to acquire 100,000 Shares pursuant to 100,000 Options granted in connection with the original contract between Grizzly and IRPC in April 2010, and that it provides investor relations services to "small cap" public companies in Canada and the United States.
About Grizzly Discoveries Inc.
Grizzly is an aggressive Canadian exploration company focused on exploring for world class gold and base metal deposits in British Columbia, and for diamonds and industrial minerals in Alberta. In British Columbia, Grizzly currently has four precious-base metal properties totaling over 235,000 acres. It currently holds more than 600,000 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 2.43 million acres in Alberta along the Saskatchewan border.
Grizzly trades on the TSX Venture Exchange under the symbol GZD, with 34,254,636 Common Shares issued and outstanding.
On behalf of the Board
Grizzly Discoveries Inc.
Brian Testo, President
(780) 693-2365
For further information, please visit our website at >www.irprocommunications.com
