The Grizzlys host the Sherwood Park Crusaders tonight, hoping to snap their seven-game losing streak.
Olds lost both its games this past weekend, 5-2 to the Okotoks Oilers on Friday and 6-4 against the Canmore Eagles on Saturday.
Currently, starting goalie Kurtis Chapman and defencemen Austin Pickford and Josh Michener are listed as injured.
"Not much we can do until we get healthy again," said head coach Dana Lattery.
"We've got three forwards playing defence. Our goalie's out. It's easy to make excuses but we need to take the positives out of it. For being such a young team, they get an opportunity now to find a way to claw out of this and that's going to be huge going into the playoffs."
Olds sits seventh in the AJHL South with a 16-31-2 record.
The team has given up an average of 5.7 goals during the losing streak.
"We've been letting in five or more goals each and every night. We've been working on our defensive zone. It's been getting better but we still need to improve on that," said forward Wyatt Noskey.