An anonymous director reports

NEWSTRIKE ANNOUNCES SHAREHOLDER APPROVAL OF PLAN OF ARRANGEMENT WITH CANNIMED

At an annual and special meeting of shareholders held today, Newstrike Resources Ltd.'s shareholders overwhelmingly approved the previously announced proposed plan of arrangement with CanniMed Therapeutics Inc. pursuant to which CanniMed will acquire all of the outstanding common shares of Newstrike. Of those votes cast with respect to the plan of arrangement, an aggregate of 271,880,416 common shares, representing approximately 99.40 per cent of the votes cast by the shareholders at the meeting or represented by proxy, were voted in support of the resolution. In addition, an aggregate of 239,517,680 common shares, representing approximately 99.30 per cent of the votes cast by the shareholders at the meeting or represented by proxy excluding certain insiders, were voted in support of the resolution.

In addition to the foregoing, all other matters voted upon at the meeting by shareholders were approved, including the election of all nominated directors, the appointment of the company's auditor and the confirmation of Newstrike's existing stock option plan.

The plan of arrangement remains subject to approval of the shareholders of CanniMed at a special meeting of shareholders, which is currently scheduled for Jan. 23, 2018, court approval, applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature, as specified in the company's management information circular dated Dec. 12, 2017, available on SEDAR.

About Newstrike Resources Ltd.

Newstrike is the parent company of Up Cannabis Inc., a licensed producer of cannabis that received its cultivation licence on Dec. 19, 2016, and was granted an amendment to begin sales on Jan. 5, 2018. Up Cannabis is in turn the parent company of Up Cannabis Niagara Inc. Newstrike, together with its strategic partners, including Canada's iconic The Tragically Hip, is developing a diverse network of high-quality cannabis brands.

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