Highview Resources Ltd.

Highview Resources Ltd.

March 30, 2005 12:22 ET

Highview Increases Financing to $5.0 Million


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HIGHVIEW RESOURCES LTD.

TSX VENTURE SYMBOL: HVW

MARCH 30, 2005 - 12:22 ET

Highview Increases Financing to $5.0 Million

CALGARY, ALBERTA--(CCNMatthews - March 30, 2005) - Highview Resources
Ltd. (TSX VENTURE:HVW) is pleased to announce that its previously
announced equity financing, placed by Jennings Capital Inc. as Agent,
has been increased to $5.0 million. As a result, the Company agreed to
issue an additional 1,515,152 flow-through common shares at 33 cents per
share increasing the total shares to be issued, pursuant to the offering
of common shares and flow-through common shares, to 16,774,893.

The issue is subject to normal regulatory approvals, and is expected to
close on or about April 30, 2005. The net proceeds from the financing
will be used to finance the continuing exploration and development
activities of the Company.

Highview trades on the TSX Venture Exchange under the symbol "HVW".
Highview is a junior oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and natural gas in
western Canada. Highview's business plan is to grow reserves and
production to increase shareholder value through a focused exploration
program, strategic acquisitions and controlled exploitation.

Forward-looking statements - statements included in this press release
that are not historical facts may be considered "forward-looking
statements." All estimates and statements that describe the Company's
objectives, goals or future plans are forward- looking statements.
Forward-looking statements involve inherent risks and uncertainties
where actual results could differ materially from those currently
anticipated.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Highview Resources Ltd.
    John H. Cassels
    President & CEO
    (403) 261-9978
    (403) 261-4072 (FAX)
    or
    Highview Resources Ltd.
    Robert W. Lamond
    Chairman
    (403) 269-9889
    (403) 269-9890 (FAX)
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.