Mr. Terry Pullen reports

GREENBANK HIRES PKF LITTLEJOHN AS AUDITORS, ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING TO TAKE PLACE VIRTUALLY ON JULY 29, 2022

GreenBank Capital Inc. has appointed PKF Littlejohn LLP as auditor of the corporation for the financial year ending July 31, 2022. PKF will fill the vacancy created by the resignation of Dale Matheson Carr-Hilton Labonte LLP as its independent auditor. The company's decision to change auditor from Dale Matheson Carr-Hilton Labonte was not the result of any disagreement between the company and Dale Matheson Carr-Hilton Labonte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The board of directors believes the hiring of PKF will be beneficial due PKF's impressive platform of services, which are well suited to the company's diversified portfolio of projects. Furthermore, PKF is the current auditor for GreenBank portfolio company Staminier Ltd., which the board believes will be an asset during the course of its July 31, 2022, audit engagement.

Furthermore, the company announces, as filed on SEDAR, that it will hold its annual general and special meeting of shareholders on July 29, 2022. This meeting will be held in a virtual on-line format facilitated by AGM Connect with the assistance of GreenBank's transfer agent. AGM Connect successfully facilitated GreenBank's AGM last year and, thus, GreenBank is very pleased to leverage its services once again this year. More information regarding the annual general and special meeting, including a detailed agenda and proposed resolutions to be voted on, will be included in a forthcoming management information circular, which will be posted on SEDAR in the coming weeks. GreenBank shareholders who hold shares in the company as of the June 20, 2022, record date will be entitled to vote at the meeting or through proxy.

About GreenBank Capital Inc.

GreenBank is a next-generation merchant banking business that has a flexible low-cost overhead structure designed to maximize profitability. Its management is based in Toronto, Dallas and London and is used to working across borders remotely. Its model of remote working, dynamic space and flexible contracts -- rather than large fixed costs -- establishes GreenBank as a global merchant bank for the future, both during and after COVID-19.