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TORONTO, ONTARIO / October 11, 2016 / Greatbanks Resources Ltd. ("Greatbanks" or the "Company") is pleased to announce that further to the Company's press releases dated March 22, 2016 and August 25, 2016, the TSX Venture Exchange (the "TSXV") has granted final
approval regarding the reactivation of Greatbanks from the NEX board of the TSXV to Tier 2 of the TSXV. Effective October 12, 2016 trading in the Company's common shares will take place on the TSXV under the trading symbol "GTB".

About Greatbanks Resources Ltd.

Greatbanks Resources Ltd. is a Toronto, Canada based mineral exploration company focused on identifying producing assets and near term production opportunities.

Neither the 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 or accuracy of this release.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

"Andrew Male"

President and Chief Executive Officer
Tel: 604-561-084
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.