Grizzly Resources Ltd.

Grizzly Resources Ltd. has retained Collins Barrow Securities Inc. to sell its Tony Creek, Alberta, gas property and plant. The Tony Creek property currently produces approximately 1,200 barrels of oil equivalent per day on four contiguous sections of 100%-working-interest land with a 10-year proved-plus-probable reserve life. The property has an estimated 5 million barrels of oil equivalent of remaining proved and probable reserves. For more information, contact Darryl Derouin, 403-298-1515.