Highbank Resources Ltd.

Highbank Resources Ltd.

January 16, 2013 09:00 ET

Highbank & Portland Canal Receives Acceptance for Renewals of Licences of Occupation for Swamp Point Aggregate

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2013) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company"). The Company and Portland Canal Aggregates Corporation are pleased to announce receipt of acceptance of the Licence of Occupation ("LoO") renewals for both the sand and gravel quarry area, and the barge loading foreshore tenures. The LoO includes acceptance of the Tenure over Crown Land and the Management Plan. The next step is acceptance of the Notice of Work which will allow the Company to commence development and move toward production of the Swamp Point North aggregate deposit.

The Company would like to thank its investors and shareholders for their continued support throughout these past difficult years and wishes everyone a Happy and Prosperous New Year.

On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.

Victor N. Bryant, CEO/President

Neither 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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