Mr. Anthony Beruschi, a shareholder, reports

EARLY WARNING PRESS RELEASE RE GOLDBANK MINING CORPORATION

On Oct. 19, 2023, Anthony Beruschi acquired direct ownership of a total of 25 million units of securities of Goldbank Mining Corp. at a price of five cents per unit for total consideration of $1.25-million pursuant to a non-brokered private placement offering. Each unit is composed of one common share and one five-year transferable warrant entitling the holder to purchase one additional share at a price of 6.5 cents per share. Mr. Beruschi's participation in the private placement increased the percentage of Goldbank's issued and outstanding common shares held by Mr. Beruschi by approximately 8.4 per cent on a non-diluted basis and increased by approximately 11.6 per cent, assuming the exercise of all warrants held by Mr. Beruschi. Immediately prior to participation in the private placement, Mr. Beruschi had ownership and control, directly and indirectly, of 50,150,967 common shares, 16,285,714 share purchase warrants and 6,996,000 options of Goldbank, representing approximately 35.8 per cent of the issued and outstanding common shares of Goldbank on a non-diluted basis and 45.0 per cent when assuming exercise of all 16,285,714 warrants and 6,996,000 options held by Mr. Beruschi. Immediately after participation in the private placement, Mr. Beruschi had ownership and control, directly and indirectly, of 75,150,967 common shares, 41,285,714 share purchase warrants and 6,996,000 options of Goldbank, representing approximately 44.2 per cent of the issued and outstanding common shares of Goldbank on a non-diluted basis and 56.6 per cent when assuming exercise of all 41,285,714 warrants and 6,996,000 options held by Mr. Beruschi.

Mr. Beruschi's acquisition of securities was made for investment purposes. Mr. Beruschi may in the future wish to increase or decrease his shareholdings in Goldbank as circumstances warrant. Such circumstances may include, but are not limited to, compliance with applicable securities laws, general market and economic conditions, business prospects of Goldbank, and investment and business opportunities available to Mr. Beruschi.

A copy of the early warning report for Mr. Beruschi filed under National Instrument 62-103 may either be obtained under Goldbank's profile on SEDAR+ or by contacting Mr. Beruschi.