Vancouver, B.C. – December 1, 2016 - Highbank Resources Ltd. (TSX.V –"HBK"), (the "Company").
In the News:
TransCanada’s PRGT signs deal with Gitxsan chiefs – November 29, 2016 Project details can be found at http://www.princerupertgas.com
PGRT is proposing to construct and operate a 900-kilometre natural gas pipeline to deliver natural gas from a point near Hudson’s Hope to the proposed Pacific NorthWest LNG facility at Lelu Island, off the coast of Port Edward, near Prince Rupert.
TransCanada Corp’s Prince Rupert Gas Transmission project (PRGT) has signed a project agreement with 12 hereditary chiefs of the Gitxsan Nation. The hereditary chiefs each represent a Wilp (house group) whose territory is affected by the project route.
"This agreement is the product of our engagement with the Gitxsan hereditary leadership. This comprehensive agreement provides long-term economic benefits, jobs, contracting opportunities and information sharing throughout the life of the project," said Tony Palmer, President of PRGT.
PRGT has now announced 13 project agreements executed with First Nations in B.C. They include: Blueberry River First Nations, Doig River, Gitanyow, Halfway River, Kitselas First Nations, Lake Babine Nation, McLeod Lake Indian Band, Metlakatla First Nation, Nisga’s Lisims Government, Takla Lake First Nation, Tl’azt’en Nation and Yekooche First Nation.
Aurora LNG Submits Environmental Assessment Certificate Application –November 25, 2016 – The Aurora LNG Fall/Winter 2016 Community Matters Newsletter as further detailed on the website at www.auroralng.com ‘Take a Tour of the Proposed LNG Facility’-watch a 3D Animation to learn more about the Aurora LNG Project and the LNG Process – from the cooling phase to LNG Marine Transport.
Aurora LNG* has formally submitted its Environmental Assessment Certificate application to the BC Environmental Assessment Office (BC EAO), marking a major milestone for the proposed project to be situated on Digby Island, west of Prince Rupert.
"We are very pleased to have completed all the necessary studies and analysis as outlined in the Application Information Requirements," says Andrew Hamilton, General Manager, Surface Development for Aurora LNG.
*Aurora LNG is a joint venture between Nexen and IGBC. Nexen Energy ULC (a CNOOC Limited company). CNOOC Limited is one of the world’s largest oil and gas companies- a subsidiary of CNOOC Group – China’s top importer of LNG.
IGBC (INPEX Gas British Columbia Ltd.) is a British Columbia corporation. IGBC’s largest shareholder is INPEX CORPORATION, an international company with world-class expertise in LNG that has been supplying natural gas to Japan, Korea, Taiwan and other Asian customers since 1977.
AltaGas Approves Construction of Plant to Feed Proposed Ridley Island Propane Terminal – October 20, 2016 – by The Canadian Press and Kathy Brookes – CFTK TV News - http://ow.ly/NQWJ305ojSX
Calgary-based AltaGas has given the green light to construction of a propane extraction plant in northeastern BC that would supply its proposed export terminal at Prince Rupert.
The North Pine processing facility will be located 40 km northwest of Fort St. John. Site preparation for the first phase is expected to begin in the first quarter of 2017. The plan also includes two supply pipelines, each 40 km long, from an existing Alaska Highway truck terminal.
Earlier this week, the National Energy Board granted AtlaGas a 25-year licence to export up to 1.35 million tonnes of propane a year.
Canadian Government green lights second gas pipeline project in two months. –November 1, 2016 -Malay Mail Online –http://ow.ly/ACZ6306GQpY & October 31, 2016 By Nia Williams- Reuters Canada–http://ow.ly/BiNu306GPZ9
The Canadian government approved the C$1.3 billion expansion of a natural gas gathering pipeline in western Canada belonging to a wholly owned subsidiary of TransCanada Corp. (TRP.TO). The NOVA Gas Transmission Ltd. (NGTL) expansion project will create up to 3,000 jobs during construction and involve building and operating new gas pipeline facilities, the Natural Resources Canada ministry said in a statement.
The NGTL System is one of the largest in North America and gathers natural gas from the fast-growing Montney and Duvernay shale plays in northern Alberta and northeastern British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD
"James H. Place"
James H. Place, CEO/President
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.
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