Highbank Completes 100% Working Interest in Swamp Point North Aggregates Property

Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK)(FRANKFURT:V7O) is
pleased to announce the completion/earn-in of a 100% Working Ownership Interest
in the Swamp Point North - Portland Canal Aggregates property.


In February 2005, the Company entered into an Earn-In Agreement with Portland
Canal Aggregates Corporation ("PCAC") to acquire a 100% Working Ownership
Interest (the "WOI") in PCAC's Property. To earn its WOI the Company has
completed all aspects of the Agreement including the issuance of 2,000,000
common shares, completion of $1.3 million in work expenditures in stages and
other advance royalty payments.


The Company and PCAC are proceeding with the preparation of an Environmental
Assessment application ("EAA") and a Mine Permit application ("MPA") to the B.C.
Government in anticipation of the start up of aggregate production operations.


Mr. Eric Beresford, P.Eng., an independent consultant, was retained by
Associated Geosciences Ltd. ("AGL") of Calgary, Alberta to prepare the mine
plans to support the EAA and MPA to the B.C. government.


Micon International Limited ("Micon") of Vancouver, B.C. has been retained to
compile the EAA and assist with the Environment Assessment process, and has
submitted a draft project proposal and begun discussions with the BC
Environmental Assessment Office.


The NI 43-101 Technical Report on the 'Portland Canal Aggregates Corporation -
Swamp Point North Property' dated November 30, 2007 summarizing the work,
resource estimate and development to date is available on the Highbank website
(www.HighbankResources.com) and through SEDAR (www.sedar.com).


ON BEHALF OF THE BOARD OF DIRECTORS

Jake Bottay, President/Director

Statements contained in this news release contain certain forward-looking
statements and information relating to Highbank's future plans, timing of
development or potential expansion or improvements. Such forward-looking
statements are subject to risks and uncertainties which could cause actual
results to differ materially from estimated results. Such risks and
uncertainties include, but are not limited to, Highbank's ability to raise
sufficient capital to fund development, changes in economic conditions or
financial markets, changes in prices for Highbank's aggregate products,
increases in environmental and other regulatory developments, operational
difficulties or inability to obtain permits encountered in connection with our
development activities, and changing foreign exchange rates.

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