Mr. Gary Musil reports

HIGHBANK ARRANGES SHARES FOR DEBT FOR $370,000 CONVERTIBLE DEBENTURE INTEREST ACCRUALS

Highbank Resources Ltd. has arranged for the issuance of 7.4 million common shares at a deemed price of five cents per share to settle $370,000 in convertible debenture interest accruals up to Dec. 31, 2016, with seven of the debentureholders. Two of the debentureholders have requested payment of accrued interest in cash and have deferred/accrued the cash payment when financing is available.

The common shares are subject to the statutory hold period from trading, and the shares for debt are subject to exchange approval.

The company would again like to thank the holders of convertible debentures for their original $4-million in financing invested in April through August, 2014, and their patience in not demanding payment of the accrued interest during the quarterly periods from 2014 to date, as the company was continuing to raise financing for the development and maintenance of its Swamp Point North aggregate project.

We seek Safe Harbor.