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| |  The Greenwood Property is located in south central British Columbia. The southern part of the property is located between Grand Forks and Midway, B.C. The Property covers an area of approximately 225,000 acres (88,140 hectares) and is centered at latitude 49° 7' 34" N and longitude 118° 44' 2" W. The entire project area is easily road accessible from both Greenwood and Grand Forks. The project area is host to or surrounds a number of historic mines and mineral occurrences including most notably the historic Motherlode, Sunset and Greyhound underground and open pit gold-silver-copper mines and the Copper Mountain copper-silver-gold showings. The historic Motherlode mines produced in excess of 178,000 ounces (oz) of gold (Au), 723,000 oz of silver (Ag) and 80 million pounds of copper (Cu) between 1900 and 1962. In addition, the project area surrounds and is immediately adjacent to Merit Mining Corp.'s recently commissioned Lexington-Grenoble copper-gold mine and its Greenwood Mill, and is less than 7 km northwest of Kinross Gold Corporation's recently commissioned Buckhorn Mountain Gold Mine. In May 2008 a 2,300 line-km helicopter-borne AeroTEM III magnetic and time domain electromagnetic (EM) survey was commissioned to fly Grizzly's entire Greenwood Property. In addition, ground crews provided by APEX Geoscience Ltd. have completed an initial prospecting, stream sediment and rock sampling program. A preliminary review of the airborne magnetic and EM survey data indicates the presence of a number of unexplained linear EM anomalies spatially associated with known fault and shear zones, often appearing as linear magnetic lows. In addition, a number of isolated more limited in strike length EM anomalies some of which are associated with magnetic highs and others that are not have also been identified in the preliminary data. The results from samples collected during the reconnaissance sampling program are pending. 2009 Exploration Plan Grizzly's 2009 exploration plan for its Greenwood Gold Project holdings consist of a comprehensive compilation of all prior exploration in the region along with a two to three month field program which will include mapping, rock and soil sampling, ground geophysics all leading to a fall drilling program. In addition, based upon the positive results of the 2008 helicopter-borne magnetic and electromagnetic survey, further airborne surveys are being considered, in particular, over the Sidley-Dayton and Rock Creek portion of the project area depending upon future financing activities. It is anticipated that fieldwork will commence late June to early July.
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