Highbank Resources Ltd.

Highbank Resources Ltd.

July 20, 2009 09:00 ET

Highbank Resources Ltd.: Legal Action Update Vs. Hidden Rock Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 20, 2009) - Further to our news release dated April 18, 2008, Highbank Resources Ltd. ("HBK") (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company"), Portland Canal Aggregates Corp., et.al., have received a decision regarding its summary application for dismissal of the claims of Hidden Rock Drilling Ltd. brought on June 29, 2009.

On July 17, 2009, Madam Justice Gerow of the British Columbia Supreme Court decided that the matter was unsuitable for summary determination and has ordered that the matter be set for a full trial, which is expected to be held in September 2009.

For further details of the decision please review www.courts.gov.bc.ca.

The Company will continue to vigorously defend this action at trial.


Gary Musil, CFO/Director

Statements contained in this news release contain certain forward-looking statements and information relating to Highbank's future plans, timing of development or potential expansion or improvements. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, Highbank's ability to raise sufficient capital to fund development, changes in economic conditions or financial markets, changes in prices for products, increases in environmental and other regulatory developments, operational difficulties or inability to obtain permits encountered in connection with our development activities, and changing foreign exchange rates.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information