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GLB.V ·

Standard & Poor’s Listed

Corporate Updates

12G3-2(b): 82-4000

Standard & Poor’s Listed

TSX Venture Exchange: GLB

OTC: GLBKF

August 5, 2020

2020 EXPLORATION AT KLONDIKE LEOTA GOLD PROJECT

Goldbank Mining Corporation (“Goldbank”)( TSX.V-GLB) is pleased to announce that it has

received acceptance of its filed Class 1 Yukon Mining land Use permits, and it’s 2020

exploration program has commenced on its wholly owned Leota Gold Project located in the heart

of the Eastern Klondike Goldfields approximately 30 km by major roads from famous Dawson

City, Yukon Territory, Canada.

Exploration will focus on further definition and expansion of anomalies existing on its wholly

owned Leota Gold Project, which dete cted distinct gold anomalies in the “C” soil horizon

through soil sampling and mechanical trenching. Goldbank will also continue geological

mapping utilizing previous and new results to identify drill targets.

Goldbank Mining Corporation is a Canadian exploration company actively exploring for gold in

the Klondike Goldfields near Dawson City, Yukon Canada on its 100% owned Leota Gold

Project which comprise 1046 quartz hard rock claims.

This news release has been review ed and approved for technical content by R. Allan Doherty,

B.Sc., P.Geo (BC), an independent Qualified Person for the purpose of National Instrument 43 -

101.

For further information please e-mail [email protected].

GOLDBANK MINING CORPORATION

PER: “James Boyce” Suite 702 – 889 West Pender Street

Vancouver, BC CANADA V6C 3B2

JAMES BOYCE Telephone: 604.683.3288

President & CEO Toll Free: 1.888.880.2288  Email: [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release .

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no

right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this typ e in

documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are n ot indicative of

mineral deposits on our properties. This news release may contain forward -looking statements including but not limited to

comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles,

potential mineral recovery processes, etc. Forward -looking statements address future events and conditions and therefore

involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.