Highbank Resources Ltd.
TSX VENTURE : HBK
FRANKFURT : V7O

Highbank Resources Ltd.

December 21, 2011 09:00 ET

Highbank Commissions Micon International Ltd. to Proceed With Portland Canal Aggregates Project Permitting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2011) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company") has re-commissioned Micon International Ltd. ("Micon") to assist in acquiring the necessary permits to facilitate production at its Swamp Point North Aggregate property.

Micon will assist Highbank to coordinate the engineering, and liaise with government agencies to acquire the following permits and required licences:

  • Licence to Cut or Free Use Permit –B.C. Ministry of Forests
  • Water Licence, Waste Management Act Permit, Exemption or authorization under section 5 of the Navigable Waters Protection Act, and pre-approval for excavation below the groundwater table (should need arise) – B.C. Ministry of the Environment
  • Mining Lease – B.C. Ministry of Mines
  • Fisheries and Oceans Canada (DFO) various authorizations

These permits, approvals and licences are the final necessary components for commercialization of the Company's 100% controlled, NI 43-101 resource evaluated >70 million tonne tidewater aggregate gravel tenure located on Portland Canal, 130 km north of the Port of Prince Rupert, B.C. Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

Jake Bottay, CEO/President

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.

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