Vancouver, B.C. – June 18, 2015 – Highbank Resources Ltd. (the "Company"), TSX Venture: HBK.
Victor N. Bryant, CEO/President reports: "A tug and barge will be leaving today from the Port of Prince Rupert to Swamp Point North ("SPN"), Highbank’s now fully commissioned aggregate quarry and barge load out facility. The barge load manifest lists two larger 350 Komatsu excavators and spare parts, fleeting barge loading system (winch and controls), diesel fuel, additional spare parts for other equipment, and general camp supplies to operate the site over the next few months." "The Company will now commence a work program that will concentrate on further site development, as well as the production and stockpiling of various sizes of construction aggregates in preparation for shipping."
In the News – LNG, pipelines and Port of Prince Rupert Development:
Royal Dutch Shell LNG- B.C. Government conditionally approves Royal Dutch Shell PLC, LNG project in Kitimat. For further information see The Globe and Mail – June 17/15 http://ow.ly/OsFus
AltaGas Ltd.- LNG Terminal- The CEO of AltaGas Ltd. says his company is on track to building Canada’s first LNG export terminal by 2018, challenging an international report that said no such facility will be built in the country by 2020. For further information see The Vancouver Sun – June 8/15 http://ow.ly/OsG2R
Victor Bryant comments: "It would seem that LNG in B.C. has developed momentum since the Petronas conditional approval news and TransCanada Corp’s natural gas pipeline approvals." "I have recently been in discussions with interested parties for our crushed aggregate products for delivery to Kitimat, which is approximately 130 miles by water from SPN."
B.C. Shipping News- June 2015 Highlights. Please review pages 24 & 25 for ‘Updates on Port of Prince Rupert & Stewart Bulk Terminals’. See http://ow.ly/OsIqs
Eagle Spirit Energy – A First Nation Oil Refinery and Pipeline Initiative
The following links offer an interesting narrative and varying opinions of the First Nations regarding the pipeline and refinery proposal. Eagle Spirit Energy is an aboriginal-owned consortium fronted by native leader Calvin Helin and underwritten by the Aquilini Group (owners of the Vancouver Canucks) that proposes a much different approach.
Victor Bryant comments: "An open and lively discussion as evidenced in these stories benefits all stakeholders in the process. Whatever the outcome, Highbank and its directors wholeheartedly support the First Nations peoples and their leaders to make the correct decision going forward." "An open debate is absolutely essential for an initiative of this magnitude…not only for the First Nations, but for all who live in Canada."
For further information see: The Vancouver Sun – June 17/15 ‘Opinion: Energy projects need new approach’ at http://ow.ly/OsJJt and Northern View – June 10/15 ‘Mayor Garry Reece clarifies Lax Kw’alaams position on Eage Spirit’ at http://ow.ly/OsKNw
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant
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.
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 economic 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 estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements 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 may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations 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 those statements, are filed and available for review on SEDAR at www.sedar.com.