Greatbanks Announces Share Consolidation 10:1

Greatbanks Resources Ltd

Greatbanks Announces Share Consolidation 10:1

December 18, 2018. Greatbanks Resources Ltd. (TSXV: GTB) (“Greatbanks” or the “Company”)

announces that it plans to consolidate its common shares on the basis of ten pre -consolidation

shares for one post-consolidation share.

Currently, a total of 63,353,650 shares are issued and outstanding. Accordingly, if the

consolidation is put into effect , a total of 6,335,365 shares would be issued and outstanding,

assuming there are no other changes in the issued capital of the company.

ON BEHALF OF THE BOARD OF DIRECTORS OF GREATBANKS RESOURCES LTD

Sergei Stetsenko

CEO and Director

Phone: +380673522641

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.