Mr. Victor Bryant reports

HIGHBANK FINALIZES BARGE LOAD-OUT AND PILING CONSTRUCTION CONTRACT

Highbank Resources Ltd. has finalized a contract with Foresight Innovations Ltd. of Victoria, B.C.

Foresight has been contracted to drive the pilings and complete the infrastructure for the company's barge load-out facility at Swamp Point North.

Foresight has 20 plus years of experience in various types of installations. It specializes in foundations, pilings, heavy construction (that is, pilings from two-inch to 48-inch diameter, cranes from 15 to 230 tons); and creative, cost-effective solutions. Demand for Foresight's services has extended from Northern Ontario, Alberta oil sands, Alaska, Pacific Ocean maritime projects and as far east as Vietnam.

Work is expected to commence at the foreshore site this month with completion anticipated in two to three weeks. Following the completion of the piling work, the conveyor sections will be installed. This will complete the barge loading facility, giving the company its vital marine link and ability to supply construction aggregates to any of the proposed and continuing construction projects at the Port of Prince Rupert, Grassy Point, or other coastal installation (pipeline, liquefied natural gas) requirements. This facility gives Highbank a distinct competitive advantage in transportation costs over traditional trucking. It would take over 50 tandem truck loads to deliver the same volume of material as the smallest barge load.