2016-07-11 19:23 ET - News Release

Mr. Gary Musil reports

Highbank Resources Ltd.'s annual general meeting was held July 11, 2016. At the meeting the shareholders re-elected James H. Place, Gary Musil, Victor N. Bryant, Luard J. Manning, William J. Loucks, and newly elected Ivan Scott for the upcoming year. The scrutineer reported that there were a total of 17 shareholders holding 7,924,061 common shares represented in person or by proxy at the meeting. This represents 6.7% of the total 117,682,954 shares issued and outstanding at record date.

On a show of hands, the Chairman declared that the shareholders ratified the election of directors for all nominees listed below, to hold office until the next annual meeting of shareholders, or until their successors are duly elected or appointed.

Directors                  Votes for          Percent            Votes Withheld Percent
James H. Place             7,101,511          99.21%                 56,550      0.79%
Gary Musil                 7,101,511          99.21%                 56,550      0.79%
Victor N. Bryant           7,101,511          99.21%                 56,550      0.79 %
Luard J. Manning           7,153,011          99.93%                  5,050      0.07%
William J. Loucks          7,153,011          99.93%                  5,050      0.07%
Ivan Scott                 7,153,011          99.93%                  5,050      0.07%

Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company' s Incentive Stock Option Plan. Shareholders also approved the re-appointment of Crowe MacKay LLP, Chartered Accountants as auditors for the ensuing year, and authorized the Directors to fix their remuneration.

Other resolutions submitted by management to shareholders for consideration were approved as presented; including the ratifying of the Company's Advance Notice Policy ("ANP") as attached to the Inf ormation Circular as Schedule "C". In order for the ANP to remain in effect, the ANP must be ratified, confirmed and approved at each subsequent annual general meeting.

At the Directors Meeting following; the directors appointed James H. Place as President/Chief Executive Officer, and Gary Musil as Corporate Secretary/Chief Financial Officer. The Audit Committee appointees are: Gary Musil, William (Bill) J. Loucks, and Ivan Scott.

The Board of Directors would like to thank the Company's shareholders for their continued support throughout the past year; as well as your increased support in attending and voting at the Annual General Meeting.