TSX - "HBK"
12g3-2(b): 82-1508
May 11, 2005
Further to the TSX bulletin of May 9/05 Highbank Resources Ltd. (“HBK”) is pleased to announce that it has met the requirements to be listed as a TSX Venture Exchange Tier 2 Company. Effective at the opening, May 10, 2005 the trading symbol for the Company changed from HBK.H to HBK.
In conjunction with the Company’s graduation from NEX, the TSX has accepted for filing an Earn-In Agreement between HBK and Portland Canal Aggregates Corporation (“PCAC”).
In consideration of the acquisition the Company has issued the first tranche of 500,000 common shares to PCAC and paid a finders fee of 37,500 shares. The vendor and finders fee shares are subject to a four-month hold period expiring September 10, 2005.
ON BEHALF OF THE BOARD
Gary Musil, Secretary/Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.