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File: 33691616_2_GVY Filing Statement news release 082818 (MT revisions)  (1).docx

GREEN VALLEY MINE INCORPORATED
1100-1111 Melville St.
Vancouver, B.C.  V6E3V6

GREEN VALLEY FILING STATEMENT AND ANNOUNCES CONCURRENT PRIVATE PLACEMENT

VANCOUVER, British Columbia, August 29th, 2018. Green Valley Mine Incorporated (TSX-V:GVY) ("GVY" or the "Company"), a
---> TSX Venture listed Company, is pleased to announce that it has filed a filing statement (the "Filing Statement") date
--->d August 24, 2018 regarding its proposed Change of Business (the "COB") with MiningSky Technology Ltd.  ("MST") pursua
--->nt to the previously announced conditional approval from the TSX Venture Exchange ("TSXV").  The Company's proposed tr
--->ansaction with MST will constitute a "Change of Business" as defined in the policies of the TSXV and the resulting iss
--->uer will be a Tier 2 technology issuer (the "Resulting Issuer"). Upon completion of the Change of Business, it is inte
--->nded that the Resulting Issuer will be known as "Skychain Technologies Inc." and will trade on the TSX Venture Exchang
--->e under the symbol "SCT".
In connection with the Change of Business, the Company will acquire all of the MST Shares from MST under the Miningsky
---> Agreement and will acquire all of the MST Class A Shares from the MST Class A Shareholders under the Share Exchange A
--->greement. Closing of the Change of Business is expected to occur upon closing of the concurrent financing, or such oth
--->er date as GVY and MST may determine.
The completion of the Change of Business is subject to a number of conditions, including but not limited to receipt of
---> all required regulatory consents, including final TSXV acceptance. Concurrent with closing of the Change of Business,
---> the Company announces a non- brokered private placement (the "Offering") of common shares (each, a "Common Share") of
---> a minimum of 3,333,333 shares ($1,000,000) to a maximum of 6,666,667 shares ($2,000,000) at $0.30 per share.  The Off
--->ering is expected to close concurrently with closing of the Change of Business.  The Company will also be closing the 
--->balance of a financing of $1,293,950 representing 4,313,168 Common Shares at $0.30 per Common Share, which represents 
--->funds held in trust by the Company in respect of the private placement originally announced on February 13, 2018. Plea
--->se refer to the notes to the Company's financial statement for further information. All private placement shares will 
--->be subject to a four month hold plus one day from the date of closing.
Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with r
--->espect to the Change of Business may not be accurate or complete and should not be relied upon. Trading in the securit
--->ies of a TSX Venture Exchange Company should be considered highly speculative. There can be no assurance that the Chan
--->ge of Business will be completed as proposed or at all.
Please see the Filing Statement, which is available on SEDAR at www.sedar.com., for more information regarding the Cha
--->nge of Business, MST and its business. The Company will issue additional news releases related to the Change of Busine
--->ss and other material information as it becomes available.


ON BEHALF OF THE BOARD OF DIRECTORS 

Per:  "Bill Zhang"
Bill Zhang 
President & Chief Executive Officer 




Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.