Approval Second Phase Drilling Permit At Fox Springs Project

RENO, NV - Grizzly Gold Corp. has received approval for a 2nd phase drilling permit on the Fox Springs Project.

The Fox Springs Project is located in Humboldt County, Nevada in the southern Jackson Mountains and consists of 130 unpatented claims. Grizzly Gold exploration activity to date includes geological mapping, geochemical sampling, Phase 1 drilling and follow-up geophysical surveys.

Exploration work thus far has indicated the potential for a bulk mineable, sediment hosted gold deposit on the property with up to .47 g/t gold in widely spaced Phase 1 drill holes.

"We are excited to be entering the 2nd phase of drilling on our Fox Springs Project," said President Paul Strobel. "Our recently completed IP survey targeted the best area of the property. Currently, we are in the process of soliciting bids from drill contractors. The tentative start date for drilling is scheduled for early September, 2013."