Greatbanks Resources Announces Short Term Management Cease Trade Order

VANCOUVER, BRITISH COLUMBIA, November 29, 2017 – Greatbanks Resources Ltd. (TSXV: GTB) ("Greatbanks" or the "Company") announces that the British Columbia Securities Commission (the "BCSC") has, in accordance with its guidelines, issued a Management Cease Trade Order ("MCTO") that prohibits, effective immediately, all trading of the securities of the Company by the Chief Executive Officer and the Chief Financial Officer. The MCTO is being issued with respect to the Company's anticipated delay in meeting the deadline for filing its financial statements, Management Discussion and Analysis and related CEO / CFO certifications. The Company anticipates it will be able to remedy the default and file the year end materials within a week or less from the regulatory filing deadline of November 29, 2017, and in any event no later than January 29, 2018, at which time it will request that the MCTO be lifted by the BCSC.

Until the MCTO is lifted, the Company will comply with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws.

About Greatbanks Resources Ltd.

Greatbanks is a resource based exploration company based in Canada. The Company is focused on identifying assets that meet the following criteria; producing, near term enhancement and exploration opportunities. Investments may be by way of acquisition, participation and/or fractional interest.

Issued on behalf of the Board of Directors of Greatbanks Resources Ltd.

Stephen Fabian

President and Director

For further information please contact Allan Williams at 604-787-5653.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking information which is not comprised of historical facts. Forward- looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, without limitation, projections or estimates made by us and our management in connection with our business operations. Various assumptions were used in drawing the conclusions or making the forecasts and projections contained in the forward-looking information contained in this press release, which assumptions are based on management analysis of historical trends, experience, current conditions and expected future developments pertaining to the Company and the industry in which it operates as well as certain assumptions as specifically outlined in the release above. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release. Although the Company believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Forward-looking information is based on the estimates and opinions of the Company’s management at the time the information is released and the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

Greatbanks Resources Ltd. Suite 615 – 800 West Pender Street TSX-V: GTB Vancouver, B.C., V6C 2V6 www.greatbanksresources.com