Highbank Resources Ltd.


Clarification on Letter to Shareholders

In the January 23, 2006 letter to shareholders we stated that the A.M.C.L. (Associated Mining) seismic report confirmed a Sand and Gravel deposit in excess of 100 million tons.

Upon review the Company wishes to retract this claim, as it was an erroneous interpretation of the report. Until conclusive measurements of the reserve have been made and a 43-101 report has been filed the Company will not make any such claims.

The Company wishes to apologize, as this was not meant to mislead shareholders or potential investors.

ON BEHALF OF THE BOARD
Jake Bottay, President/Director