Mr. Gary Musil reports

HIGHBANK COMPLETES CONVERTIBLE DEBENTURE EXTENSIONS

Highbank Resources Ltd. has completed amendments with its convertible debenture lenders for $3.9-million of the total $4-million convertible debenture loans. The loan extensions amended, among other terms, the maturity dates of the loans, extending them to April 7, 2019, and Aug. 7, 2019, depending on which tranche of loans the lenders originally participated in.

Interest will be calculated at the original rate of 10 per cent per annum, payable in cash or shares. The share conversion price has been amended to seven cents per share if converted in the first year from the date amended (that is, April 7 and Aug. 7, 2018), and at 10 cents per share if not converted in the first year up to the anniversary date and up to the end of the second year from the date amended (that is, April 7 and Aug. 7, 2019).

All other terms of the convertible debenture agreements remain the same as originally agreed and approved.

The above extensions are subject to TSX Venture Exchange and regulatory approvals.

We seek Safe Harbor.