Highbank Resources Ltd.

Highbank Resources Ltd.

March 02, 2005 14:14 ET

Highbank Resources Ltd.: Portland Canal and Other Updates


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HIGHBANK RESOURCES LTD.

NEX BOARD SYMBOL: HBK.H

MARCH 2, 2005 - 14:14 ET

Highbank Resources Ltd.: Portland Canal and Other
Updates

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 2, 2005) - Highbank
Resources Ltd. (NEX BOARD:HBK.H)

Subject to final approval from the TSX Venture Exchange of the property
earn-in agreement, the Company is now in the process of selecting
candidates for the commencement of the first phase of the Wardrop
Engineering recommended work program on the Portland Canal-Swamp Point
North project.

Other:

Due to an unrelated petition (L042012) filed in the B.C. Supreme Court
challenging the ownership and directorship of 657516 B.C. Ltd. (the 50%
owners of the Granby Moly Claims), the agreement between Highbank and
657516 and any further exploration on these claims will be put on hold,
pending the outcome of the petition. Highbank has filed assessment work
and put the Granby Moly claims in good standing until November 2005.
These claims were optioned in January 2003 as potential gold/moly
prospects.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Musil, CFO, Secretary/Director

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Highbank Resources Ltd.
    Gary Musil
    CFO, Secretary/Director
    (604) 683-6648
    (604) 683-1350 (FAX)
    highbank@telus.net
    www.highbankresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.