Mr. James Boyce reports

PRIVATE PLACEMENT INCREASED TO $1,000,000

Goldbank Mining Corp. is increasing its private placement financing announced on Jan. 19, 2023, to up to $1-million composed of the sale of up to 20 million units at five cents per unit. Each unit consists of one common share and one transferable warrant, each such warrant entitling the holder to purchase one additional share at a price of 6.5 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. 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, for working capital, and for 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.