Grants Stock Options

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Vancouver, B.C. – August 27, 2013 – Highbank Resources Ltd. (TSX.V –“HBK”), (the “Company”) announces that it will be making an application to the TSX Venture Exchange to extend the terms and amend the exercise price of certain warrants previously issued.

Private Placement warrant amendments:

(i) The private placements which these warrants relate to closed on November 3, 2011 (1,450,000 warrants) and November 29, 2011 (2,950,000 warrants) and are exercisable at $0.20 respectively. These warrants had an expiry date of November 3, 2013 and November 29, 2013 and will be extended for a period of one additional year so that they will now expire on November 3, 204 and November 29, 2014 and have a new exercise price of $0.15. All other terms of the warrants will remain the same. Insiders hold an aggregate of 150,000 of the 2,950000 2nd tranche of the (i) private placements.

(ii) The second group of private placements warrants closed in three tranches on February 7, 2013 (4,737,500 warrants); February 27, 2013 (1,707,500 warrants); and April 25, 2013 (750,000 warrants) and are exercisable at $0.15 respectively. These warrants had an expiry date of February 7, 2015; February 27, 2015; and April 25, 2015 and will have a new exercise price of $0.12. All other terms of the warrants will remain the same. Insiders hold an aggregate of 200,000 of the 4,737,500 1st tranche; and 137,500 of the 1,707,500 2nd tranche of the (ii) private placements.

The above amendments are subject to the approval of the regulatory authorities.

Stock Options expired and new options granted:

1,750,000 incentive stock options expired today (as per Section 4.3 of the Stock Option Plan (the “SOP”)), whereby the Optionee, ceases to be an Eligible Person -90 days following.

The Company has granted incentive stock options to its directors and consultants to purchase up to 350,000 common shares of the Company, exercisable at the price of $0.10 per share for five years. The stock options will be granted in accordance with the Company’s SOP and will have the required four (4) month hold period pursuant to the policies of the TSX Venture Exchange

On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.

“Gary Musil”

Gary Musil

CFO/Director