Mr. David Lonsdale reports

GREENBANK CAPITAL ANNOUNCES 757% ROI ON ITS FIRST PORTFOLIO COMPANY EXIT

Ubique Minerals, GreenBank Capital Inc.'s first portfolio company to be publicly listed, has generated a return of 757 per cent on GreenBank Capital's investment.

In April, 2017, GreenBank Capital made an initial investment of $141,178 for 35 per cent of Ubique Minerals, and later invested a further $285,233 in the company. During the course of the 18 months prior to listing Ubique Minerals in September, GreenBank Capital conducted two private placements for Ubique raising a further $387,500 from third parties. In addition, the company assisted Ubique in conducting two drilling programs which delivered results showing the existence of high-grade zinc deposits, and on three occasions increased the number of claims Ubique had in Daniel's Harbour, ultimately owning 108 claims in the area. In January of 2018, shortly after completing a National Instrument 43-101 report, the company was very pleased to appoint Dr. Gerald Harper as the chief executive officer of Ubique Minerals.

Prior to the company's public listing in September, 2018, GreenBank Capital distributed a dividend of six million Ubique shares to GreenBank Capital shareowners. These shareowners now not only have ownership in Ubique through GreenBank Capital, but also directly as shareowners in Ubique.

As of Friday, Oct. 19, Ubique Capital had a market capitalization of $8.43-million with a stock price of 20 cents per share. GreenBank Capital shareowners realized a total return of 757 per cent on GreenBank Capital's investment in Ubique Minerals.

David Lonsdale, the president and chief executive officer of Greenbank Capital, commented: "The public listing of Ubique Minerals is the first exit we have completed with one of our portfolio companies. Not only am I delighted that it delivered such a strong financial return to GreenBank Capital and its investors, but it also represents a clear validation of our business model."

About GreenBank Capital Inc.

GreenBank is a merchant banking business listed on the Canadian Securities Exchange and is included in the CSE Composite Index. GreenBank's 100-per-cent subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank's portfolio companies comprise equity investments in 16 small-cap businesses.

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