2016-02-17 21:19 ET - News Release

Mr. Gary Musil reports

HIGHBANK RAISING $100,000 FINANCING

Further to the news release of Jan. 18, 2016, Highbank Resources Ltd. has been requested to arrange a new private placement, as opposed to further tranches and an increase in the previously announced financing.

The company is arranging a non-brokered private placement to raise up to $100,000 through the issuance of 1.25 million units at eight cents per share, with 1.25 million transferable warrants attached at a price of 15 cents per share if exercised within the first year and at a price of 20 cents per share if exercised within the second year. The company will pay a finder's fee of up to 8 per cent in cash or warrants. The company will use the funds to continue development of the Swamp Point North aggregate project and for working capital.

The private placement is subject to TSX Venture Exchange approval.

We seek Safe Harbor.