Mr. Andreas Schleich reports

GREENBANK VENTURES INC. ANNOUNCES VOLUNTARY DE-LISTING

Greenbank Ventures Inc.'s common shares will be delisted from trading on the NEX board of the TSX Venture Exchange, effective Dec. 13, 2024.

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 of, merger or other business combination, joint ventures or strategic alliances with the company. The company has applied and received acceptance for a voluntary delisting from the TSX-V, as approved by the company's shareholders, in order 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. The company will remain a reporting issuer in Canada and will continue to provide regular comprehensive disclosure pursuant to applicable Canadian securities laws. Additional information regarding the company's delisting application will be disseminated in due course.

About Greenbank Ventures Inc.

Greenbank Ventures is a British Columbia based company that is primarily engaged in real estate development. A wholly owned subsidiary, Salt Resorts Inc., was formed to acquire real estate property for development purposes.

We seek Safe Harbor.