SOURCE: Highbank Resources Ltd.

Highbank Resources Ltd.

August 06, 2015 06:00 ET

B.C. LNG Infrastructure Build Commences: -Roads-Airport-Radar Stations- Pipelines; AltaGas Propane Export Site Lined Up

VANCOUVER, BC--(Marketwired - August 06, 2015) - Highbank Resources Ltd. (the "Company"), (TSX VENTURE: HBK) (FRANKFURT: V7O)

In the News:

Victor N. Bryant, CEO/President comments:

"The recent series of announcements detailed in this news release in my opinion heralds the beginning of the transportation infrastructure build required to support B.C. LNG in the North Coast region. We here at Highbank cheer on these projects and have been active in the quotation process to supply aggregates."

Province gives out $115 million in natural gas royalty credits:
July 31, 2015 - Adam Reaburn, Energetic City.ca -Everything Fort St. John http://ow.ly/QvgOV

"The Province has approved $115 million in royalty deductions to support the construction of 14 infrastructure projects in northeastern B.C. The B.C. Infrastructure Royalty Credit Program (IRCP), was designed to facilitate the construction of new resource roads and pipelines."

$5 million investment to bring shore-based radar to the waters of the North Coast:
Shaun Thomas- Northern View - July 31, 2015 http://ow.ly/QxWFT

The project, which includes a $2 million investment from Western Economic Diversification Canada, will see three radar towers installed to provide radar coverage 50 nautical miles west to the northern tip of Haida Gwaii and north beyond the Alaska border. The 6.5 metre TERMA Scanter 5102 towers will be installed on an existing tower on Mount Hays, on Ridley Island and on Dundas Island, located 30 kilometres northwest of Prince Rupert.

"This project will result in a new and foundational piece of our marine safety and security network at the Port of Prince Rupert, providing an additional layer to the maritime picture we use to keep our harbour safe and ensure a diverse range of cargoes continue to flow securely through our trade gateway," said Don Krusel, President and CEO of the Port of Prince Rupert.

To view a progress report of the Port of Prince Rupert infrastructure projects http://www.rupertport.com/future

Propane export plant site lined up, AltaGas to build B.C.:
Dan Healing, Calgary Herald. July 30, 2015 http://ow.ly/QvhxL

AltaGas Ltd. has advanced its plan to be the first to export liquefied propane from the B.C. coast, announcing Thursday it has struck an exclusive deal on an unspecified site and that it will build a new gas fractionating plant in northeastern B.C. to ensure supply. Chairman and Chief Executive David Cornhill states: "The Calgary-based Company could invest over $1 billion over the next two years in B.C., including the liquefied petroleum gas (LPG) plant on the coast, the new fractionation facility worth about $100 million at Fort St. John and its previously announced $350-million Townsend gas plant in northeastern B.C., along with associated pipelines."

Province funds more sailings to Lax Kw'alaams and ferry refurbishment while signing MOU to pave Tuck Inlet Road:

Shaun Thomas - Northern View -July 28, 2015| http://ow.ly/QxXOn
Minister of Transportation- Todd Stone announced today the signing of a Memorandum of Understanding with Lax

Kw'alaams leadership that will move forward the needed engineering work to pave Tuck Inlet Road, while the ministry will provide funding to refurbish the Spirit of Lax Kw'alaams ferry and support five additional weekly trips between Aero Point and Tuck Inlet beginning this summer.

Money Announced for Highway 16 Improvement & Airport Expansion:
Brandon Gonez | CFTK TV - Local News July 27, 2015 | http://ow.ly/Qvnlx

The Highway 16 Improvement project will see the rail and road crossing realigned with grade separation -- with the creation of an overpass to carry traffic over the CN railway line.

The project cost is expected to be $37 million, which is to be split between the province who is contributing $19.5 million and the federal government, who's providing the remaining 17.5 million.

But today's announcement wasn't all about drivers; there were also goodies for air travellers too. "I'm pleased to announce on behalf of the province of British Columbia that we are investing $4.4 million towards the expansion of the Northwest Regional Airport," announced Todd Stone, B.C. Minister of Transportation & Infrastructure.

Prospects for B.C.'s biggest investment:
Opinion -Tom Fletcher, Nanaimo News Bulletin- B.C. Local News- August 4, 2015 | http://ow.ly/QvnFZ

"For what it's worth, my prediction is on record: it will go ahead. The latest evidence is the company's continued, costly effort to gain federal and local approval for a suspension bridge to Lelu Island to minimize the marine impact. Lax Kw'alaams Band members could not have had details on that change from an underwater pipeline when they voted to oppose the project in May."

ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.

"Victor N. Bryant"

Victor N. Bryant,
CEO/President

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward-looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.

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.

B.C. LNG Infrastructure Build Commences; AltaGas Propane Export Site Lined Up

Contact Information

  • Highbank Resources Ltd.
    #600 - 625 Howe Street, Vancouver, B.C. V6C 2T6
    Ph.: (604) 683-6648
    Fax: (604) 683-1350