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or Name
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CA



Highbank Resources Ltd
Symbol HBK
Shares Issued 85,507,926
Close 2014-09-29 C$ 0.29
Market Cap C$ 24,797,299
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Highbank installs half of pilings for Swamp facility

2014-09-30 02:23 ET - News Release

Mr. Victor Bryant reports

SWAMP POINT NORTH SITE UPDATE

Highbank Resources Ltd. has provided an update on an on-site inspection on Sept. 23, 2014.

Swamp Point North barge-loading facility

Transportation of the pilings from the Port of Prince Rupert was received at Swamp Point North on Sept. 23, 2014. Over one-half of the pilings required for the load-out facility have now been installed, placing the company approximately two weeks ahead of schedule. Installation of the loading conveyor system has commenced. Again, this is well ahead of schedule.

Camp and mine site development

Improvement to the site and camp continues. Telephone and Internet communications have been established. A camp-perimeter electrified bear fence as per site requirements has been installed. Road access development and overburden stripping are proceeding satisfactorily. The region has experienced record rainfall affording on-site environmental personnel to precisely implement the requirements for compliance with water management and other regulations. Despite the extremely high rainfall in the area, development continues well on track. Watch for photo updates and an updated power point presentation on the comppany's website.

Highbank looks forward to being in the pre-eminent position of being able to supply aggregates in support of the continuing construction to the Port of Prince Rupert ($1.2-billion federal development project). The company's contribution will assist in meeting the federal government's commitment to make the Port of Prince Rupert, Canada's gateway to the Asian markets. The company has unwavering confidence in B.C. Premier Christy Clark's and her ministers' ability to conclude negotiations and set forward a fair liquefied natural gas tax regime. The B.C. government has stated that the tax regime will be outlined at the opening of the legislature's fall session Oct. 8, 2014. Liquefied natural gas is an increasingly important pillar of the global energy industry.

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