Greatbanks Resources Ltd – ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS

NEWS RELEASE

August 2, 2018

Greatbanks Resources Ltd – ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS

Vancouver, British Columbia – Greatbanks Resources Ltd. (TSXV: GTB) (“Greatbanks” or the

“Company”) is pleased to announce the results of its Annua l General and Special Meeting held on July

26, 2018. The shareholders passed all resolutions for the Company and have re -elected D Lindsay Wu,

Sergei Stetsenko, and Andri Stytsenko to the board of directors.

Subsequent to the AGSM, Sergei Stetsenko was appointed chief executive officer of the company, and

Anthony Jackson was reappointed chief financial officer.

The Board of Directors and Management would like to thank all shareholders for their support and

confidence

ON BEHALF OF THE BOARD OF DIRECTORS OF GREATBANKS RESOURCES LTD

Sergei Stetsenko

CEO and Director

Phone: 604-787-5653.

Forward-Looking Information This news release includes certain statements that may be deemed "forward -looking

statements". All statements in this release, other than statem ents of historical facts, that address events or developments that

Quantum Cobalt Corp. (the "Company") expects to occur, are forward -looking statements. Forward -looking statements are

statements that are not historical facts and are generally, but not alw ays, identified by the words "expects", "plans",

"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditi ons

"will", "would", "may", "could" or "should" occur. Although the Company believ es the expectations expressed in such forward -

looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and

actual results may differ materially from those in the forward -looking statements. Factors that could cause the actual results to

differ materially from those in forward -looking statements include market prices, exploitation and exploration successes, and

continued availability of capital and financing, and general economic, market or business con ditions. Investors are cautioned

that any such statements are not guarantees of future performance and actual results or developments may differ materially

from those projected in the forward -looking statements. Forward -looking statements are based on the beliefs, estimates and

opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws,

the Company undertakes no obligation to update these forward -looking statements in the event that management' s beliefs,

estimates or opinions, or other factors, should change.