TSX - "HBK"
12g3-2(b): 82-1508
March 2, 2005
Subject to final approval from the TSX Venture Exchange of the property earn-in agreement, the Company is now in the process of selecting candidates for the commencement of the first phase of the Wardrop Engineering recommended work program on the Portland Canal-Swamp Point North project.
Other:
Due to an unrelated petition (L042012) filed in the B.C. Supreme Court challenging
the ownership and directorship of 657516 B.C. Ltd. (the 50% owners of the Granby
Moly Claims), the agreement between Highbank and 657516 and any further exploration
on these claims will be put on hold, pending the outcome of the petition. Highbank
has filed assessment work and put the Granby Moly claims in good standing until
November 2005. These claims were optioned in January 2003 as potential gold/moly
prospects.
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.