2016-09-28 03:11 ET - News Release

Mr. James Place reports

HIGHBANK APPLAUDS FEDERAL APPROVAL OF PACIFIC NORTHWEST LNG (PETRONAS) PROJECT

Highbank Resources Ltd. president Jim Place said: "Highbank's fortunes have changed for the better.

"Optimism in the resource sector has returned to Western Canada with the announcement of federal approval for Petronas and its partners Pacific NorthWest LNG project."

Highbank looks forward to working with Petronas's engineers and the construction companies to provide aggregates and stone products for pipelines, infrastructure and plant construction works.

"The decision to proceed to the construction phase of the project rests with Pacific NorthWest LNG's shareholders," said Spencer Sproule, the project's senior adviser of corporate affairs, prior to the announcement in Richmond.

"We believe strongly that now that it's approved, the Prime Minister needs to champion the project," said Conservative interim leader Rona Ambrose. "He needs to make this project important, not only for British Columbians, but for all Canadians. This is a project that will create thousands of jobs, create billions of dollars in investments and it is a project that's absolutely necessary for the prosperity of this country."

We seek Safe Harbor.