Mr. James Boyce reports

July 21, 2023 KLONDIKE EXPLORATION DATA SHARING AGREEMENT

Goldbank Mining Corp. has agreed to enter into an exploration data sharing agreement with Anthony Beruschi providing for the comprehensive exchange of exploration data and results on more than 3,433 hard rock (quartz) mineral claims located in the prolific placer gold producing Klondike goldfields in the Yukon Territory, Canada. Goldbank and Mr. Beruschi each hold a large number of quartz (hard rock) mineral claims in the Klondike goldfields.

Goldbank's Leota gold project comprises 1,049 quartz (hard rock) mineral claims (totalling approximately 210 square kilometres (21,000 hectares)) located within 50 kilometres of Dawson City with excellent access by paved highway and existing roads servicing the robust placer mining in the Klondike goldfields. The Leota gold project overlies the principle eastern ridges and tributaries of Hunker Creek, a famous placer-gold producing watershed in the Klondike goldfields. Documented placer gold production from Hunker Creek is in excess of four million ounces of gold. The hard rock source of the Hunker Creek placer gold, and the substantial hard rock source of placer gold mined to date from the Klondike goldfields and currently being placer mined from the rest of the Klondike goldfields has not yet been discovered.

Mr. Beruschi's private companies directly and indirectly own 2,384 quartz (hard rock) mineral claims totalling approximately 480 square kilometres (48,000 Ha) located both immediately adjacent to Goldbank's Leota project and throughout the Klondike goldfields primarily in four property groupings.

The 2023 exploration season has commenced with continuing testing of anomalies by mechanical trenching, continuing geological mapping utilizing previous, and new results to identify drill targets and with plans to conduct drone LiDAR (light detection and ranging) and geophysical surveys over prospective areas on the property areas. Past, present and future exploration results will be confidentially shared between the parties.

Jim Boyce, president of Goldbank, said: "Our exploration data sharing agreement is an important step forward providing valuable information and insights as we explore and develop, focusing on our high priority gold targets in the Klondike goldfields." "We are very excited to bring together our years of knowledge and data to pinpoint the most significant targets as we work to find the hard rock sources of the Klondike's placer gold production."

Mr. Beruschi holds, directly and indirectly, 35.84 per cent of the issued and outstanding common shares of Goldbank on a non-diluted basis and is a control person of Goldbank. Mr. Beruschi is also a control person of Goldbank insider Blizzard Finance Corp. which owns 15.48 per cent of the issued and outstanding common shares of Goldbank on a non-diluted basis. Mr. Beruschi has joined Goldbank as vice-president, business affairs. Goldbank has granted 6,996,000 options exercisable at seven cents per share for a period of 10 years. The options are granted pursuant to the company's stock option plan and are subject to applicable regulatory hold periods.

Goldbank's Leota gold project is subject to a 3-per-cent NSR (net smelter return). Goldbank is focused on exploration and development of its Leota gold project in the Klondike goldfields and accordingly the exploration data sharing agreement continues and affirms Mr. Beruschi's rights to acquire additional mineral claims in the Klondike and Yukon Territory generally.

The technical content of this news release was reviewed and approved by Bohumil (Boris) Molak, PhD, PGeo (British Columbia), a qualified person under National Instrument 43-101.

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