HBK Highbank Resources Ltd

Highbank Resources Ltd. (TSX VENTURE: HBK) (FRANKFURT: V7O) (the "Company") --
Mr. Gary Musil, CFO, is pleased to announce that the Company is proceeding with
the closing of the 2nd tranche of $1.3 million of our total $4 million
convertible debenture financing, and have expressions of interest for an
additional $500,000. The Company closed the 1st tranche of $2.7 million on April
15/14.


The convertible debentures bear interest at the rate of 10% per annum and have a
term of three years from the date of issuance for repayment by the Company from
revenues earned through the sale of aggregate from the Swamp Point North
aggregate project. The debentures are convertible into shares of the Company at
a price of $0.45 during the first year, $0.35 during the second year, and at a
price of $0.25 in the third year; and are subject to regulatory approval.


The Company is paying cash finder's fees equal to 7-1/2% on the gross proceeds
raised; also subject to regulatory approval.


The funds raised shall be used for continued development of the Swamp Point
North aggregate project, purchase of rolling and plant equipment, conveyors,
site clearing, camp rehabilitation, development of the barge load-out facility,
and working capital.


The Securities have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended (the "1933 Act"), and may not be
offered, sold or delivered, directly or indirectly, within the United States, or
to or for the account or benefit of U.S. persons unless the Securities Units are
registered under the 1933 Act or pursuant to an applicable exemption from the
registration requirements of the 1933 Act. The press release does not constitute
an offer to sell, nor is it a solicitation of an offer of securities, nor shall
there be any sale of securities in any state of the United States in which such
offer, solicitation or sale would be unlawful.


ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.

"Gary Musil"

Gary Musil
CFO/Director

This News Release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results that may prove to
be inaccurate as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected results. 


Neither 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.



FOR FURTHER INFORMATION PLEASE CONTACT: 

Highbank Resources Ltd.
#600 - 625 Howe Street,
Vancouver, B.C. V6C 2T6 
Ph: (604) 683-6648 
Fax: (604) 683-1350

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