Mr. Brian Testo reports
GRIZZLY PROVIDES UPDATE ON ACTIVITY AT ITS GREENWOOD PROPERTY
Grizzly Discoveries Inc. has engaged Jim Greig, master of business administration, of Vancouver, B.C., as a corporate consultant. Mr. Greig will be responsible for assisting management in operations and finance. Brian Testo, president and chief executive officer of Grizzly, stated: "We are pleased that Jim has agreed to bring his experience and deep knowledge of the mineral exploration industry to Grizzly Discoveries. We continue to position the company for near-term substantive exploration on our highly prospective targets at the Greenwood gold and Robocop copper-cobalt properties in Southern B.C., and the addition of Jim to the Grizzly team will facilitate this process."
Mr. Greig is president and director of Benchmark Metals Inc. and has served as chief financial officer and director at Crest Petroleum. Recently, at Keegan Resources Inc. (now Asanko Gold), he was part of the mine development team advancing the five-million-ounce Esaase gold project. With nearly 20 years in the resource sector, Mr. Greig brings comprehensive experience in exploration, development and mineral production. Mr. Greig holds a master of business administration from the University of Calgary and a bachelor of arts in geography from Carleton University.
The company has issued 250,000 options exercisable at five cents and expiring no later than five years from the date of issuance under the company's stock option plan to Mr. Greig as partial compensation for the initial six-month term of the consulting agreement.
The issuance of stock options is subject to the acceptance of the TSX Venture Exchange.
About Grizzly Discoveries Inc.
Grizzly is a diversified Canadian mineral exploration company focused on its precious metals and cobalt-copper properties in southeastern British Columbia. The company holds, or has an interest in, over 180,000 acres of precious base metal properties at its Greenwood property.
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