Vancouver, B.C. – May 1, 2018 - Highbank Resources Ltd. (TSX.V –"HBK"), (the "Company").
In the News:
B.C. Premier John Horgan offers deep tax breaks to boost LNG industry – March 22, 2018 –The Vancouver Sun by Rob Shaw http://ow.ly/78i430jatdk
Horgan said he hopes the exemptions, which forgo up to $6 billion in potential government revenue over 40 years, would lure the Shell-led LNG Canada project to make a final go-ahead decision this year on its $40 billion LNG proposal for Kitimat and associated gas pipeline.
"This new approach is one that I believe British Columbians want to see from their government," the premier told reports at the legislature.
"If we can realize industrial development, spectacular. If we can do that within a framework that protects our environment and meets our climate objectives, brilliant. If we can ensure that genuine reconciliation can happen with Indigenous peoples, I believe we’ve not just checked all the boxes, but we’ve developed a framework that will mean something to British Columbia now and into the future."
Shells’ $14-billion contract for Kitimat project a sign B.C. may catch the second LNG wave – April 27, 2018 – The Financial Post by Jesse Snyder http://ow.ly/KxLZ30jMvfl
"We’ve got a number of build options in the portfolio," Jessica Uhl, Shell’s chief financial officer, said in a quarterly conference call with analysts Thursday. "LNG Canada is one of the many good options that we have."
PetroChina Company Ltd., Korea Gas Corp. and Mitsubishi Corp. are the other partners on the project led by Royal Dutch Shell Plc.
The consortium behind LNG Canada named the prime contractors for its $40-billion export project on Friday …… In a decision the consortium called a "significant milestone", LNG Canada said U.S.-based Flour Corp. and Japan’s JGC Corp. would lead the $14 billion construction contract for the liquefied natural gas project in Kitimat on the B.C. West Coast.
Mr. Ivan M. Scott has tendered his resignation effective immediately, due to personal reasons. The Company would like to thank Mr. Scott for his contribution to the Company during the past two years, and wish him good health in his retirement.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
"James H. Place"
James H. Place,
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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