Grizzly intersects 1.0% CuEq over 13.68 m and 0.357% CuEq over 44.55 m at Sappho

Edmonton, Alberta--(Newsfile Corp. - July 30, 2026) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to announce that assay results have been received from ALS Global Limited ("ALS") for the core drilling program conducted in late April to mid-May, 2026 to follow up excellent prior results from both surface sampling, historical drilling, magnetic surveys and the recent induced polarization (IP) results at the Sappho Critical Minerals Target (Figure 1). A total of seven (7) core holes for a total 1,485 metres (m) were completed targeting the near surface Main Sappho Skarn Target and an associated near surface IP conductivity. The skarn mineralization is also coincident with a number of magnetic anomalies and is characterized by the results of the 2010 core hole 10SP03 (Table 1) for copper-gold-silver-platinum group elements (Cu-Au-Ag-PGE).

APEX Geoscience Ltd. ("APEX") reports that all seven 2026 core holes intersected highly anomalous polymetallic mineralization with Cu-Au-Ag-cobalt (Co)-nickel (Ni)-zinc (Zn)-PGE's (Table 1). The intervals with significant anomalous Cu-Au-Ag-Ni-Co-Zn-PGEs are most often characterized by garnet-pyroxene skarn with significant alteration including epidote-sericite-chlorite-pyrite-chalcopyrite. Some precious metal enriched zones are associated with serpentinite in fault zones in contact with skarn mineralization.

The Main Sappho Skarn Target is immediately adjacent to the recently identified Sappho IP chargeability anomaly. A total of 7 lines of IP for 10.1 line-kms were completed during the 2026 surveys at Sappho outlining a significant IP chargeability anomaly. It is interpreted that the strong chargeability anomaly likely represents disseminated sulphide related to a porphyry target.

This anomaly was not targeted in the current drill program. The Company is currently in the process of permitting additional drillhole pads to complete drill testing of the Sappho IP chargeability target later in the year. Further IP work, geological mapping and surface sampling centered on the target are planned prior to the commencement of drilling.

Highlights A total of 7 core holes and 1,485 m completed at the Sappho Skarn Target Area (Figures 2 to 5). Anomalous Cu-Au-Ag-Ni-Co-Zn-PGEs intersected in all 7 core holes with multiple zones in most of the holes associated with garnet-pyroxene-magnetite skarn and the presence of pyrite and chalcopyrite (Figures 2 to 5). Most of the core holes intersected a shallow Cu-rich skarn zone and a deeper Cu-Au-Ag-Ni-Zn-PGE-rich skarn often in contact with a serpentinite/breccia fault zone or an altered diorite intrusion at the base of the skarn enriched with precious metals.

Example weighted average grades: 0.17% CuEq* over 9.4 m starting at 12.4 m in hole 26SPDD002 , followed by 0.357% CuEq* over 44.55 m starting at 69.0 m with an average grade of 0.111% Cu, 152 parts per billion (ppb) Au, 51 ppb Pt and 51 ppb Pd over the interval (Table 1; Figures 2 to 5). Hole 26SPDD005 yields 0.14% CuEq* over 26.00 m starting at 8 m downhole, with a lower zone of 1.0% CuEq* starting at 79.22 m with 0.255% Cu, 0.057% Ni, 498 ppb Au, 6 g/t Ag, 119 ppb Pt and 60 ppb Pd over 13.68 m (Table 1; Figures 2 to 5). Accompanying widespread and often intense alteration consists of chlorite-epidote+/-sericite+/-k-feldspar along with a number of spatially associated diorite, quartz diorite to monzonite intrusions.