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UPDATE: Highbank Resources Provides Portland Canal Swamp Point Update; NoW Appplication to be Revised; Shares Rise 8.3%

Highbank Resources Ltd. (HBK.V) reports that it recently received a communication from the Ministry of Energy, Mines and Natural Gas requesting more clarification of some of the information contained in the Notice of Work (NoW) application and a revision to the mining plan, for its Swamp Point North, Portland Canal aggregate project.

To ensure the Ministry concerns are all dealt with as expeditiously as possible, Highbank has re-commissioned Micon International Limited, to work with its consultants and Management team to revise the NoW application, accordingly. Micon previously managed a number of studies for the project including the environmental and bathymetric work and participated in discussions with the First Nations.

The Company is confident that the combined efforts of all parties will result in early completion of the revised application and subsequent approval of the permits and licences.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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