Mr. James Boyce reports

GOLDBANK PROCEEDING WITH $2,100,000 PRIVATE PLACEMENT

Goldbank Mining Corp. is proceeding with its private placement financing of units to raise up to $2.1-million announced on March 14, 2022. The units have been repriced from six cents to seven cents per unit, and the exercise price of the warrants has been increased from eight cents to 9.5 cents. Accordingly, the private placement financing is now composed of the sale of up to 30 million units at seven cents per unit with each unit consisting of one common share and one transferable warrant, each such warrant entitling the holder to purchase one additional share at a price of 9.5 cents per share for five years. Goldbank is relying on an exemption from the related-party requirements of Multilateral Instrument 61-101 for the possible participation by control persons and other insiders of Goldbank in the financing, which participation only occurs following approval in advance by independent directors. A portion of the financing is on a flow-through basis. Flow-through units will entitle holders to receive the tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada). Proceeds of the financing will be used for payment of debt, working capital, and exploration and development of Goldbank's Klondike properties, including costs related thereto. A finder's fee may be paid on a portion of the financing. The financing is subject to acceptance for filing by the TSX Venture Exchange.

Goldbank is a Canadian exploration company, actively exploring for gold in the Klondike goldfields near Dawson City, Yukon, Canada.

We seek Safe Harbor.