Vancouver, B.C. - March 17, 2016 - Highbank Resources Ltd. (TSX.V –“HBK”), (the “Company”), is pleased to announce that it has entered into Non-Disclosure Agreements (NDA’s) with a joint venture group made up of a First Nation organization and a diversified Canadian construction company (the “other participants”); with regards to an operations and distribution (processing, shipping, and sales) project. The proposed project would see aggregates from the Swamp Point North (SPN) property being supplied to various sites and projects in Western North America involving shipments from the property through the Port of Prince Rupert.

Approval for the provision of capital for construction of production facilities at the storage, trans-shipping, and processing sites is being secured by the other participants.

Marketing of products is proposed to be carried out by one or both of the joint venture participants, with technical consultation provided by Highbank.

It is uncertain at this stage whether the other participants involved in the project will take an ownership role in the SPN property or in Highbank Resources Ltd.

Further details of the project will be announced once Highbank’s Board of Directors receives a formal proposal.