Mr. Victor Bryant reports

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HIGHBANK UPDATE ON SWAMP POINT NORTH AGGREGATE PROJECT PERMITTING

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Highbank Resources Ltd. is in receipt of conceptual engineering drawings for its Swamp Point barge load-out facility from Megatech Engineering Ltd. of Surrey, B.C. The drawings will form a part of the overall site plan and supplement the mine plan information to include the shore abutment for the marine works to the discharge into the barge loading area, including the required mooring structures and barge winch articulation. Micon International Ltd. is reviewing and compiling all the data and will be preparing the revised notice of work (NoW) application for submission shortly.

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Malaysia's Petronas commits $36-billion to B.C. gas plant, pipeline

Victor Bryant, president of Highbank Resources, comments, "The board of directors of Highbank is extremely pleased with the announcement by the Malaysian Prime Minster Najib Razek of the "gargantuan $36-billion investment in [liquefied natural gas] infrastructure." The Prime Minister of Malaysia stated, "I am told this is the largest investment in Canada, by any country." Mr. Bryant further comments, "This typifies the developments occurring at the Port of Prince Rupert, and reinforces Highbank's commitment to deliver its construction aggregates to support these projects."

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On behalf of the Board of Directors of Highbank Resources Ltd.

Victor Bryant

President, Highbank Resources Ltd