Highbank Resources Ltd.
TSX VENTURE : HBK
FRANKFURT : V7O

Highbank Resources Ltd.

July 08, 2010 16:04 ET

Highbank Resources Ltd.: Court Dismisses Hidden Rock Claim

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2010) - Highbank Resources Ltd. (the "Company") ("HBK") (TSX VENTURE:HBK)(FRANKFURT:V7O), Portland Canal Aggregates Corp. ("Portland Canal"), et. al., have received a decision with respect to ownership of the Swamp Point North aggregate deposit.

In a 58 page decision, Madam Justice Wedge, of the British Columbia Supreme Court has dismissed all the claims initiated by Hidden Rock Drilling Ltd.

The ownership of Swamp Point North by Portland Canal is validated and Highbank has the right to resume development of the property, to complete the environmental requirements and bring the deposit to production.

For further details of the decision please review www.courts.gov.bc.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Jake Bottay, President, CEO/Director

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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