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Highpointe Exploration Inc
Symbol HIP
Shares Issued 24,116,869
Close 2013-05-10 C$ 0.025
Market Cap C$ 602,922
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ORIGINAL: Highpointe amends Tasco option to issue 600,000 shares

2013-05-22 00:50 ET - News Release

Received by email:

File: Highpoint HIP May 22-13 - News Release.doc

Highpointe Exploration Inc. # 810 - 789 West Pender Street Vancouver, British Columbia V6C 1H2
TSXV: HIP
TASCO PROPERTY OPTION AGREEMENT AMENDMENT

Vancouver, BC - May 22, 2013: Highpointe Exploration Inc. TSX.V: HIP (the "Company") wishes to announce that it has am
--->ended the terms of the Property Option Letter Agreement dated February 5, 2010 with John A. Chapman and KGE Management
---> Ltd. (collectively, the "Optionors") in respect of an exclusive option to acquire six (6) mineral claims, comprising 
--->6,586.144 hectares, located in Clinton Mining Division, British Columbia, known as the Tasco Property.

The Company has entered into an amendment agreement (the "Amendment Agreement") with the Optionors, whereby the Compan
--->y and the Optionors have agreed to the issuance of an aggregate 600,000 common shares of the Company to the Optionors 
--->(each as to 50%) in lieu of the second anniversary payment of $30,000.

On March 22, 2012: the company announced that it had received drill assays from its Tasco Property (the "Property") wh
--->ich is located in the Taseko River area of west central British Columbia. The Tasco Property consists of 6,586.144 hec
--->tares located 150 kilometers southwest of Williams Lake, British Columbia and 200 kilometers north of Vancouver. The P
--->roperty has similar characteristics to other porphyry deposits and occurrences that are located in the same general ar
--->ea including the Prosperity deposit of Taseko Mines situated 50 kilometres to the north.

The Company drilled two holes totalling 683 metres on the Property. Both of these holes intercepted long intercepts mi
--->neralized with copper, molybdenum and silver. Drill Hole #1 returned an impressive 216 metres with 0.29% copper, 0.02%
---> molybdenum and 1.9 grams/tonne ("g/t") silver. Hole #2 also defined a thick mineralized zone of 120 metres assaying 0
--->.31% copper, 0.02% molybdenum and 3.3 g/t silver. Of interest in hole #2 is the potential for higher grade intervals o
--->n the Tasco property. Note that the bottom 33 metres of historic drill hole #81-2 reportedly ran 0.08% Mo, supporting 
--->increasing molybdenum grade with depth.

Company President, Mitchell Adam states, "Due to the recent success of BC exploration companies such as Colorado Resou
--->rces Ltd. (CXO: TSXV) on their North Rok property and the continued advancement and development activities of Taseko M
--->ines Ltd.  (TSX: TKO) we as a company feel it is imperative to continue to develop the Tasco property and support BC m
--->ining exploration and development efforts. Major copper companies such as Xstrada Copper, Mitsubishi Materials Corpora
--->tion and Freeport McMoran have made recent investments into the BC copper industry which is a strong signal for us to 
--->continue to develop our copper properties." 

The Amendment Agreement and issuance of the additional shares is subject to receipt of approval from the TSX Venture E
--->xchange.

Qualified Person

Stephen B. Butrenchuk, P.Geo., is a Director of the Company and is the Qualified Person that has reviewed and approved
---> the technical content of this press release.

ABOUT HIGHPOINT EXPLORATION INC.

Highpoint Exploration Inc. is a Tier 2 natural resource company on the TSX Venture Exchange, trading symbol HIP, with 
--->approximately 24,116,869 shares issued to date.  The Company's main emphasis is on its Tasco copper property located 1
--->50km south of Williams Lake BC and its Allison Lake property located in south-central British Columbia, 28 kilometers 
--->north of the town of Princeton, located in the Similkameen Mining Division. 

ON BEHALF OF THE BOARD OF DIRECTORS

HIGHPOINTE EXPLORATION INC.

Mitchell Adam
President, CEO and Director
Tel: 604-221-7865
mitch@mgacapital.net 




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




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