Mr. James Place reports

HIGHBANK- NORTH COAST UPDATES & DIRECTOR RESIGNS

Highbank Resources Ltd. has provided the following update.

In the News:

B.C. Premier John Horgan offers deep tax breaks to boost LNG industry March 22, 2018 The Vancouver Sun by Rob Shaw

Horgan said he hopes the exemptions, which forgo up to $6 billion in potential government revenue over 40 years, would lure the Shell-led LNG Canada project to make a final go-ahead decision this year on its $40 billion LNG proposal for Kitimat and associated gas pipeline. "This new approach is one that I believe British Columbians want to see from their government," the premier told reports at the legislature.

"If we can realize industrial development, spectacular. If we can do that within a framework that protects our environment and meets our climate objectives, brilliant. If we can ensure that genuine reconciliation can happen with Indigenous peoples, I believe we've not just checked all the boxes, but we've developed a framework that will mean something to British Columbia now and into the future."

Shells' $14-billion contract for Kitimat project a sign B.C. may catch the second LNG wave April 27, 2018 The Financial Post by Jesse Snyder

"We've got a number of build options in the portfolio," Jessica Uhl, Shell's chief financial officer, said in a quarterly conference call with analysts Thursday. "LNG Canada is one of the many good options that we have."

PetroChina Company Ltd., Korea Gas Corp. and Mitsubishi Corp. are the other partners on the project led by Royal Dutch Shell Plc.

The consortium behind LNG Canada named the prime contractors for its $40-billion export project on Friday ...... In a decision the consortium called a "significant milestone", LNG Canada said U.S.-based Flour Corp. and Japan's JGC Corp. would lead the $14 billion construction contract for the liquefied natural gas project in Kitimat on the B.C. West Coast.

Director Resigns:

Mr. Ivan M. Scott has tendered his resignation effective immediately, due to personal reasons. The Company would like to thank Mr. Scott for his contribution to the Company during the past two years, and wish him good health in his retirement.