Mr. Andreas Schleich reports

BOARD RESIGNATIONS NEWS RELEASE

Bryson Goodwin and John LaGourgue have resigned as members of Greenbank Ventures Inc.'s board of directors.

As previously announced, the company is exploring strategic alternatives which may include, without limitation, a private placement or other offering of equity or debt, the sale, lease or financing of certain assets of the company, or a sale, merger or other business combination, joint ventures, or strategic alliances with the company. Also as previously announced, the company has applied for a voluntary delisting from the TSX Venture Exchange, as approved by the company's shareholders, to provide increased flexibility and cost savings while it seeks alternative transactions and positions itself for an eventual listing on the Canadian Securities Exchange.

The company has not established a definitive timeline to complete its review, and no decision on any particular alternative has been reached at this time. There can be no assurance that this process will result in the successful conclusion of any specific transaction. In accordance with its current and periodic reporting requirements, the company will disclose further developments with respect to this process pursuant to such obligations.

About Greenbank Ventures Inc.

Greenbank Ventures is a British Columbia-based company that is primarily engaged in real estate development. The company is listed on the NEX board under the trading symbol GNBK.H. A wholly owned subsidiary, Salt Resorts Inc., was formed to acquire real estate property for development purposes.

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