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Up Cannabis Joins Global Cannabis Partnership as Founding Member

Adult-Use Cannabis Brand to Contribute to Worldwide Social Responsibility Standards and Framework

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| Source: Newstrike Resources Ltd.; Up Cannabis

TORONTO, June 12, 2018 (GLOBE NEWSWIRE) -- Newstrike Resources Ltd. (TSX-V:HIP) ("Newstrike" or the "Company"), is pleased to announce that its wholly-owned subsidiary and licensed producer, Up Cannabis Inc. (“Up Cannabis”), has joined the newly formed Global Cannabis Partnership as a founding member, and will contribute to its mandate of creating a worldwide social responsibility standard for the safe and responsible production, distribution and consumption of legal adult-use cannabis.

The Partnership, announced earlier today at the World Cannabis Congress in Saint John, New Brunswick, includes a wide-range of stakeholders including government agencies, licensed producers and affiliate organizations that will focus on the legalized cannabis industry. Its mandate will also include a focus on social responsibility standards as they apply to environment, community relations, traceability and accountability, stakeholder engagement, ethics, labour relations, research and collaboration.

“We are extremely proud to be a founding member of the Global Cannabis Partnership,” said Jay Wilgar, CEO of Up Cannabis and Newstrike. "It is critical that we set the bar appropriately at this historic juncture. The formation of the GCP shows that we are collectively up to the task.”

For further information, please contact:

PM Rendon
Director, Communications & Public Relations
Up Cannabis Inc.
Telephone: 365-773-5432
Email: pm@up.ca   

About Newstrike and Up Cannabis

Newstrike is the parent company of Up Cannabis Inc., a licensed producer of cannabis that received its cultivation license on December 19, 2016, and was granted an amendment to begin sales on January 5, 2018. Newstrike, together with its strategic partners, including Canada’s iconic musicians The Tragically Hip, is developing a diverse network of high quality cannabis brands. For more information visit www.up.ca or www.newstrike.ca

Forward-Looking Information

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Newstrike to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to Newstrike’s expectations with respect to the production capacity of cannabis, expansion plans and approvals and timing thereof. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date.

Newstrike does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, except as required by applicable law.

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 or accuracy of this release.