Leis Industries Limited (NEX: LES.H) (the 'Company') announces that effective August 25, 2020, it will change its name to Greenbank Ventures Inc. and the trading symbol will change to 'GBNK' on the NEX.

The new CUSIP for the Company's common shares is 393583109 and ISIN is CA3935831097.

No action will be required by existing shareholders with respect to the name change. Issued share certificates representing common shares of the Company will not be affected by the change of name and will not need to be exchanged.

Unit 310 - 221 West Esplanade North Vancouver, BC V7M 3N7 604.209.9800

Forward-Looking Statements:

Certain portions of this press release may contain 'forward-looking information' within the meaning of applicable Canadian securities legislation, which is also referred to as 'forward-looking statements', which may not be based on historical fact. Wherever possible, words such as 'will', 'plans,' 'expects,' 'targets,' 'continues', 'estimates,' 'scheduled,' 'anticipates,' 'believes,' 'intends,' 'may,' 'could,' 'would' or might, and the negative of such expressions or statements that certain actions, events or results 'may,' 'could,' 'would,' 'might' or 'will' be taken, occur or be achieved, have been used to identify forward looking information. Forward looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management's current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Leis, are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties and contingencies. Many factors could cause Leis' actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.

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