Highview Resources Ltd.

Highview Resources Ltd.

January 11, 2005 17:27 ET

Highview Approves Granting of Options


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HIGHVIEW RESOURCES LTD.

TSX VENTURE SYMBOL: HVW

JANUARY 11, 2005 - 17:27 ET

Highview Approves Granting of Options

CALGARY, ALBERTA--(CCNMatthews - Jan. 11, 2005) - Highview Resources
Ltd. (TSX VENTURE:HVW) is pleased to announce that it has approved the
granting of options to purchase up to 1,040,000 common shares at an
exercise price of 30 cents per share. These options have been granted to
directors, officers and consultants of the Company pursuant to a plan
approved by its shareholders on May 15, 2003.

The options vest as to one-third on the date of grant and one-third on
the first and second anniversaries of the date of grant and expire on
January 11, 2010. Subsequent to the granting of these options, the
Corporation will have a total of 1,240,000 options outstanding or 3 per
cent of its outstanding shares.

Highview trades on the TSX Venture Exchange under the symbol "HVW".
Highview is a junior oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and natural gas in
western Canada. Highview's business plan is to grow reserves and
production to increase shareholder value through a focused exploration
program, strategic acquisitions and controlled exploitation.

Forward-looking statements - statements included in this press release
that are not historical facts may be considered "forward-looking
statements." All estimates and statements that describe the Company's
objectives, goals or future plans are forward- looking statements.
Forward-looking statements involve inherent risks and uncertainties
where actual results could differ materially from those currently
anticipated.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    HIGHVIEW RESOURCES LTD.
    John H. Cassels
    President & CEO
    (403) 261-9978
    (403) 261-4072 (FAX)
    or
    HIGHVIEW RESOURCES LTD.
    Robert W. Lamond
    Chairman
    (403) 269-9889
    (403) 269-9890 (FAX)
    or
    HIGHVIEW RESOURCES LTD.
    700, 635 Eighth Avenue S.W.
    Calgary, Alberta T2P 3M3 Canada
    (403) 261-9978
    (403) 261-4072 (FAX)
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.