Highbank Resources Ltd.


TSX - "HBK"
12g3-2(b): 82-1508

January 25, 2005

"NEWS RELEASE"

PRIVATE PLACEMENT FINANCING CLOSED

Highbank Resources Ltd. (the “Company”) wishes to announce that it has closed its non-brokered private placements of 1,892,000 units at a price of $0.185 per unit for a total of $350,000 that was previously announced on January 10, 2005. The Company has submitted documentation for final approval from the TSX Venture Exchange.

ON BEHALF OF THE BOARD
Jake Bottay, President/Director

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.