2013-04-25 13:16 ET - News Release

Mr. Gary Musil reports

HIGHBANK COMPLETES 3RD TRANCHE & OVERSUBSCRIBES FINANCING

By press release dated Jan. 28, 2013, Highbank Resources Ltd. stated its intention to raise up to $560,000. On Feb. 6, 2013, the company received acceptance for the first tranche of 4,737,500 units for gross proceeds of $379,000. On Feb. 27, 2013, the company received approval to close the second tranche as to 1,707,500 units for $136,600.

The company will be now be issuing a third and final tranche of 750,000 units at eight cents per unit for $60,000. The private placement will now be oversubscribed as to 195,000 units. Each unit will consist of one common share and one two-year transferable share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the company for a period of two years at a price of 15 cents per share.

The financing will be subject to TSX Venture Exchange acceptance.

The company will use the funds to continue development of the Swamp Point North aggregate project and working capital.