Highbank Resources Ltd.

Highbank Resources Ltd.

May 04, 2011 09:00 ET

Highbank Seeking Costs After Favourable Appeal Court Ruling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2011) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company"), is pleased to announce that further to a 58 page decision received in July 8, 2010 by Honourable Madam Justice C.A. Wedge dismissing all claims of Hidden Rock Drilling Ltd. as to the ownership of the multi- million dollar Swamp Point North aggregate/gravel deposit, an Appeal Court of British Columbia has subsequently validated Highbank's ownership of the property by ruling against the claimant Hidden Rock Drilling Ltd. in a decision dated May 2, 2011.

Highbank will move to seek costs and special costs against the plaintiff and will be continuing with the permitting process and development of the deposit to production.

For further details of the decision please review www.courts.gov.bc.ca -Docket CA038343

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

Jake Bottay, President and CEO

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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