Mr. James Boyce reports

$800,000 SECURED CONVERTIBLE PROMISSORY NOTE

Goldbank Mining Corp. has agreed to issue a secured convertible promissory note in the amount of $800,000, subject to acceptance for filing by the TSX Venture Exchange and shareholder approval. Promissory note terms include an interest rate of 6 per cent per year. It is convertible in whole or in part, at the holder's election, for Goldbank units at five cents per unit for the first year and thereafter at 10 cents per unit until maturity five years from the date of issuance. Each unit is composed of one share and one transferable warrant with each warrant exchangeable for one common share at 10 cents per share. Interest accrues monthly over the term of the convertible promissory note. In connection with the issuance of the convertible promissory note, approximately $2.9-million in additional current debts of Goldbank will be converted to long-term debt to January, 2018, with no interest.

The secured convertible promissory note will be issued to Rolo Finance Inc., a B.C. private corporation owned and controlled by R. Roland. As the conversion of the promissory note to shares may result in the creation of a control person, Goldbank will be seeking shareholder approval to the secured convertible promissory note before issuance. Goldbank's 2015 shareholder meeting has been scheduled for July 10, 2015.

Goldbank is not proceeding with the previously announced convertible promissory note in the amount of $1.2-million.

We seek Safe Harbor.