Received by email:

File: HBK.nr Dec. 4.17 - Completes Convertible DebentureExtension.Final.docx

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#600 - 625 Howe Street, Vancouver, B. C. V6C 2T6 Ph: (604) 683-6648 Fax: (604) 683-1350
Email:   gmusil@highbankresources.com    Website:  www.HighbankResources.com


 NEWS RELEASE
 

TSX.V: HBK
Frankfurt: V7O
 
HIGHBANK COMPLETES CONVERTIBLE DEBENTURE EXTENSIONS

Vancouver, B.C. - December 4, 2017 - Highbank Resources Ltd. (TSX.V -"HBK"), (the "Company").

Highbank Resources Ltd. is pleased to announce that they have completed amendments with its Convertible Debenture lend
--->ers for $3.9 million of the total $4.0 million convertible debenture loans.  The Loan Extensions amended, among other 
--->terms, the maturity dates of the loans, extending them to April 7, 2019 and August 7, 2019 depending on which tranche 
--->of loans the lenders originally participated in.

Interest will be calculated at the original rate of 10% per annum, payable in cash or shares.  The share conversion pr
--->ice has been amended to $0.07 per share if converted in the first year from the date  amended (ie. April 7 & August 7,
---> 2018)   and at $0.10 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 (ie. April 7 & August 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 and regulatory approvals. 

ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD

"Gary Musil"

Gary Musil, CFO/Director

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding fu
--->ture events or results.  Forward-looking statements are projections of events, revenues, income, future economic perfo
--->rmance or management's plan and objective for future operations and include, without limitation, statements with respe
--->ct to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, s
--->uccess of mining operations, the timing and amount of estimated future production, title disputes or claims, environme
--->ntal risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, require
--->ments for additional capital; and government regulation of mining operations. In some cases, you can identify forward 
--->-looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", 
--->"estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By 
--->their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which ma
--->y cause the actual results, performance or achievements of the Company to be materially different from any future resu
--->lts, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluc
--->tuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined;
---> possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from
---> time to time in the Company's interim and annual financial statements and management's discussion and analysis of tho
--->se statements, are filed and available for review on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


File: HBK.nr Dec. 4.17 - Completes Convertible DebentureExtension.Final.pdf

 #600   625 Howe Street, Vancouver, B. C. V6C 2T6 Ph: (604) 683-6648 Fax: (604) 683-1350
 Email: gmusil@highbankresources.com Website: www.HighbankResources.com


                                                   NEWS RELEASE
                                                                                                            TSX.V: HBK
                                                                                                            Frankfurt:
---> V7O

             HIGHBANK COMPLETES CONVERTIBLE DEBENTURE EXTENSIONS

 Vancouver, B.C.   December 4, 2017         - Highbank Resources Ltd. (TSX.V  "HBK"), (the "Company").
 Highbank Resources Ltd. is pleased to announce that they have completed amendments with its Convertible
 Debenture lenders for $3.9 million of the total $4.0 million convertible debenture loans. The Loan Extensions
 amended, among other terms, the maturity dates of the loans, extending them to April 7, 2019 and August 7, 2019
 depending on which tranche of loans the lenders originally participated in.

 Interest will be calculated at the original rate of 10% per annum, payable in cash or shares. The share conversion
 price has been amended to $0.07 per share if converted in the first year from the date amended (ie. April 7 & August
 7, 2018) and at $0.10 per share if not converted in the first year up to the anniversary date and up to the end of th
--->e
 second year from the date amended (ie. April 7 & August 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 and regulatory approvals.

ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD

 "Gary Musil"
Gary Musil,
CFO/Director

 This News Release may contain forward-looking statements based on assumptions and judgments of management
 regarding future events or results. Forward-looking statements are projections of events, revenues, income, future ec
--->onomic
 performance or management's plan and objective for future operations and include, without limitation, statements with
 respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estima
--->tes,
 success of mining operations, the timing and amount of estimated future production, title disputes or claims, environ
--->mental
 risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirement
--->s
 for additional capital; and government regulation of mining operations. In some cases, you can identify forward -look
--->ing
 statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimat
--->es",
 "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By their very n
--->ature
 forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actua
--->l
 results, performance or achievements of the Company to be materially different from any future results, performance o
--->r
 achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations in worldwi
--->de
 prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations 
--->in grade
 and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company'
--->s interim
 and annual financial statements and management's discussion and analysis of those statements, are filed and available
---> for
 review on SEDAR at www.sedar.com.

 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
---> TSX
 Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.