Highbank Resources Ltd.

Highbank Resources Ltd.

January 11, 2005 12:40 ET

Highbank Resources Ltd.: Private Placement Financing up to $350,000


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HIGHBANK RESOURCES LTD.

NEX BOARD SYMBOL: HBK

JANUARY 11, 2005 - 12:40 ET

Highbank Resources Ltd.: Private Placement Financing
up to $350,000

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2005) - Highbank
Resources Ltd. (the "Company") (NEX BOARD:HBK.H) has arranged
non-brokered private placements of 1,892,000 units at a price of $0.185
per unit. Each unit consists of one common share plus one share purchase
warrant to purchase an additional share at $0.27 within one year from
the date of issuance. Finders fees will be payable in relation to this
financing.

The funds will be used for project development and working capital
purposes.

The financing and finders fee are subject to regulatory approvals.


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.