Mr. Mitchell Adam reports

TASCO PROPERTY OPTION AGREEMENT AMENDMENT

Highpointe Exploration Inc. has amended the terms of the property option letter agreement dated Feb. 5, 2010, with John A. Chapman and KGE Management Ltd. in respect of an exclusive option to acquire six mineral claims, comprising 6,586.144 hectares, located in Clinton mining division, British Columbia, known as the Tasco property.

The company has entered into an amendment agreement with the optionors, whereby the company and the optionors have agreed to the issuance of an aggregate 600,000 common shares of the company to the optionors (each as to 50 per cent) in lieu of the second anniversary payment of $30,000.

On March 22, 2012, the company announced that it had received drill assays from its Tasco property, which is located in the Taseko River area of west-central British Columbia. The Tasco property consists of 6,586.144 hectares located 150 kilometres southwest of Williams Lake, B.C., and 200 kilometres north of Vancouver. The property has similar characteristics to other porphyry deposits and occurrences that are located in the same general area, including the Prosperity deposit of Taseko Mines situated 50 kilometres to the north.

The company drilled two holes totalling 683 metres on the property. Both of these holes intercepted long intercepts mineralized with copper, molybdenum and silver. Drill hole No. 1 returned an impressive 216 metres with 0.29 per cent copper, 0.02 per cent molybdenum and 1.9 grams per tonne silver. Hole No. 2 also defined a thick mineralized zone of 120 metres assaying 0.31 per cent copper, 0.02 per cent molybdenum and 3.3 g/t silver. Of interest in hole No. 2 is the potential for higher-grade intervals on the Tasco property. Note that the bottom 33 metres of historical drill hole No. 81-2 reportedly ran 0.08 per cent Mo, supporting increasing molybdenum grade with depth.

Company president, Mitchell Adam, stated: "Due to the recent success of B.C. exploration companies such as Colorado Resources Ltd. on their North Rok property and the continued advancement and development activities of Taseko Mines Ltd., we as a company feel it is imperative to continue to develop the Tasco property and support B.C. mining exploration and development efforts. Major copper companies such as Xstrada Copper, Mitsubishi Materials Corp. and Freeport McMoran have made recent investments into the B.C. copper industry, which is a strong signal for us to continue to develop our copper properties."

The amendment agreement and issuance of the additional shares are subject to receipt of approval from the TSX Venture Exchange.

Qualified person

Stephen B. Butrenchuk, PGeo, is a director of the company and is the qualified person who has reviewed and approved the technical content of this press release.