Vancouver, B.C. – August 13, 2015 - Highbank Resources Ltd. (TSX.V –"HBK"), (the "Company").
Victor N. Bryant, CEO/President comments:
Barge No. 8 to arrive at Swamp Point North (SPN) site at today, carrying fuel, the repaired Highbank Link-belt 290LX excavator and hydraulic oil for commissioning the fleeting system (winching system for moving barges during loading). Re-evaluation of the logging permit indicates we can expand 2 hectares to the north which opens up higher quality gravel (less fines). In addition, a Licence to Cut application is being considered for another 18 hectares within our Licence of Occupation area. The Highbank excavator will be dedicated to ditch construction and culvert installation to further improve operation during the fall and winter. Discussions are underway with various Prince Rupert companies to facilitate stockpiling of aggregate to ensure continuity of supply for any major projects forthcoming.
In the News:
In our last news release we heralded the beginning of the transportation infrastructure build required to support B.C. LNG in the North Coast region. We are pleased to report "Boots on the ground" for Chevron/Woodside - Kitimat LNG’s Pacific Trail Pipeline project (PTP). The PTP is a proposed 480 km natural gas pipeline that will deliver gas from Summit Lake, B.C. to the Kitimat LNG facility site at Bish Cove on the northwest coast of British Columbia.
Chevron to Open LNG Office in Houston, B.C.:
Victoria Levy, CFTK T.V. June 23, 2015 - Stan Speltzer, our consultant, resident of Houston, has confirmed a fenced in work yard set up with new heavy http://ow.ly/QMHFa equipment on site. One has to commend Chevron- Kitimat LNG, for their level of social licence on this project http://ow.ly/QSKzp
Gillain Robinson, from Chevron-Kitimat LNG says there is a great deal of work to do—if the project gets full approval. "What we expect to do are preconstruction activities that include environmental and archeological field studies, access road upgrades, maintenance, Centre line surveying and flagging, as well as the clearing of the right of way. The unique aspect of the Pacific Trail Pipeline is that it's the only natural gas pipeline for an LNG project that has full support of First Nations Bands along the pipeline. The PTP has support of 16 First nations and they've told us that they are eager to see this work begin."
Prince Rupert, Port Edward share more than $6 million in government funding:
Kevin Campbell, Prince Rupert/Northern View – July 29, 2015 http://ow.ly/QShQS
Things are really heating up for the Prince Rupert and Port Edward LNG infrastructure, with the announcement of $6.4 million in Federal and Provincial funding. B.C. Minister of Transportation and Infrastructure Todd Stone arrived on the North Coast and was welcomed by Prince Rupert May Lee Brain and Port Edward Deputy Mayor James Brown in council chambers at City Hall in Prince Rupert.
"Today is a very exciting day for Prince Rupert," added Mayor Brain. "That's $4.4 million towards the existing, almost century-old original water lines and water dam upgrades. They're a critical piece of infrastructure that we absolutely need to address ... Not only is this going to help ensure the safety of the water supply for our residents, but it also is one of the requirements that we had to ensure that Exxon/Mobil were to proceed on Lot 444 for their LNG proposal."
Investigative Work Happening this Summer/Fall: August 10, 2015 http://ow.ly/QSkWJ
Petronas-led Pacific NorthWest LNG project in Canada said it will be conducting further investigative work on overall project design this summer and fall.
Eagle Spirit: Grassy Point for LNG and Oil? http://ow.ly/QSmBi
LNG Plant could come online by the End of the Year:
Jonny Wakefield, Alaska Highway News, August 10, 2015 http://ow.ly/QSlLU
An AltaGas Ltd. official told Alaska Highway News on Friday that the company aimed to begin operations at its Dawson Creek LNG plant by no later than the end of the year. The plant would be the hub of a $250 million network of LNG processing facilities spread across northern British Columbia.
Community participation in environmental assessments in Canada: BG Group, August 11, 2015 http://ow.ly/QSmqJ
BG Canada. While our LNG project is in the early stages of development, we have been working with First Nations and the wider community to consider the potential impacts of our business on the marine environment, and to collaboratively develop long-term marine stewardship processes.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant,
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.
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.