Mr. James Boyce reports

FIRST TRANCHE OF EXPLORATION FINANCING CLOSED

Goldbank Mining Corp. has closed a $162,500 tranche of its previously announced private placement financing, issuing 3.25 million units at five cents per unit. Each unit consists of one common share and one five-year transferable warrant, each such warrant entitling the holder to purchase one additional share at a price of 6.5 cents per share. A $112,500 portion was issued on a flow-through basis. The flow-through shares comprising the 2.25 million flow-through units and 2.25 million flow-through shares issuable upon exercise of the warrants comprising the 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 will be used for exploration and development of Goldbank's Klondike gold properties including costs related thereto, and debt payments and working capital. The terms of the financing have been accepted for filing by the TSX Venture Exchange. The units are restricted from trading until Feb. 18, 2024.

Goldbank expects to close the balance of the private placement in due course.

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

We seek Safe Harbor.