Highbank Resources Ltd.

Highbank Resources Ltd.

January 04, 2005 13:49 ET

Highbank Announces Acquisition


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HIGHBANK RESOURCES LTD.

NEX BOARD SYMBOL: HBK.H

JANUARY 4, 2005 - 13:49 ET

Highbank Announces Acquisition

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 4, 2005) - Highbank
Resources Ltd. ("HBK") (NEX BOARD:HBK.H) wishes to announce that a
revised agreement with Portland Canal Aggregates Corp. has been signed,
the original agreement dates back to August 2003. Highbank has the right
to earn 100% interest in Portland Canal's Swamp Point Gravel Deposit.
The terms are 2,000,000 shares over a three year period plus expenditure
of $1.3 million and a royalty interest of 5%. The above is subject to
TSX approval.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Musil, CFO, Secretary/Director

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Highbank Resources Ltd.
    Gary Musil
    CFO, Secretary/Director
    (604) 683-6648
    (604) 683-1350 (FAX)
    Email: Highbank@telus.net
    Website: www.highbankresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.