Grizzly Identifies Significant Sulphide Bearing, Intrusion-Related Porphyry Target at Sappho, Greenwood BC

About this update from Grizzly Discoveries Inc

Edmonton, Alberta--(Newsfile Corp. - July 6, 2026) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to announce preliminary results from the Phase 2 Induced Polarization (IP) program, conducted in April 2026 to follow up excellent prior results from both surface sampling, historical drilling and Phase 1 IP results, at the Sappho Critical Minerals Target (Figure 1). A total of seven lines of IP for 10.1 line-kms were completed between the Phase 1 and Phase 2 surveys at Sappho outlining and extending a significant chargeability anomaly identified in the Phase 1 work. It is interpreted that a strong chargeability anomaly likely represents disseminated sulphide that is likely associated with an intrusion related porphyry target near Greenwood, British Columbia (BC). The Company is currently in the process of permitting additional drillhole pads to complete drill testing of the chargeability target later in the year. Further IP work, geological mapping and surface sampling centered on the target are planned and in progress prior to the commencement of additional drilling. A total of seven core holes for a total 1,485 m were completed in late April — to mid-May targeting the near surface Sappho Skarn Target looking for copper-gold-silver-platinum group elements (Cu-Au-Ag-PGEs). The Sappho Skarn Target is immediately adjacent to the chargeability anomaly. Samples from the seven core holes have all been collected and submitted to ALS Global in Kamloops and Vancouver. Results will be announced once received, verified, and interpreted. Highlights

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