Vancouver, B.C. – July 8 , 2016 – Highbank Resources Ltd. (TSX.V –“HBK”), (the “Company”)
Further to our news release of May 17, 2016 announcing the non-disclosure agreement, Highbank Resources Ltd. continues to work with the potential purchaser on conditions of the sale of Highbank’s interest in the Swamp Point North aggregate project. The Company has received a Letter of Intent and efforts to close the transaction continue. The Company anticipates receiving an ‘Offer to Purchase’ proposal in the near future. Further announcements will be made regarding the status of the transaction.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
“James H. Place”
James H. Place,
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