Highbank Resources Ltd.

Highbank Resources Ltd.

March 27, 2008 16:14 ET

Highbank Completes 100% Working Interest in Swamp Point North Aggregates Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2008) - Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK)(FRANKFURT:V7O) is pleased to announce the completion/earn-in of a 100% Working Ownership Interest in the Swamp Point North - Portland Canal Aggregates property.

In February 2005, the Company entered into an Earn-In Agreement with Portland Canal Aggregates Corporation ("PCAC") to acquire a 100% Working Ownership Interest (the "WOI") in PCAC's Property. To earn its WOI the Company has completed all aspects of the Agreement including the issuance of 2,000,000 common shares, completion of $1.3 million in work expenditures in stages and other advance royalty payments.

The Company and PCAC are proceeding with the preparation of an Environmental Assessment application ("EAA") and a Mine Permit application ("MPA") to the B.C. Government in anticipation of the start up of aggregate production operations.

Mr. Eric Beresford, P.Eng., an independent consultant, was retained by Associated Geosciences Ltd. ("AGL") of Calgary, Alberta to prepare the mine plans to support the EAA and MPA to the B.C. government.

Micon International Limited ("Micon") of Vancouver, B.C. has been retained to compile the EAA and assist with the Environment Assessment process, and has submitted a draft project proposal and begun discussions with the BC Environmental Assessment Office.

The NI 43-101 Technical Report on the 'Portland Canal Aggregates Corporation - Swamp Point North Property' dated November 30, 2007 summarizing the work, resource estimate and development to date is available on the Highbank website (www.HighbankResources.com) and through SEDAR (www.sedar.com).


Jake Bottay, President/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 Highbank's aggregate 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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