B.C. Government Inks Land Agreement With Chinese-Owned Nexen for Proposed LNG Project at Grassy Point Close to Highbank's Swa...

Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK) (FRANKFURT:V7O)
announces that Chinese-owned Nexen Inc. has inked an agreement with the B.C.
Government that gives it the sole option to purchasing Crown land in
northwestern B.C. more commonly known as Grassy Point, for a liquefied natural
gas ("LNG") terminal.

Further to our news release of April 12, 2013, the Calgary-based company which
was purchased by the state-owned China National Offshore Oil Corp. ('CNOOC")
earlier this year, agreed to pay the province $12 million as a potential down
payment to secure the deal for 615 hectares of land at Grassy Point. The land is
located north of Prince Rupert and within 40 miles of Highbank's Swamp Point
North, Portland Canal aggregate project. To view a map of three proposed LNG
sites in B.C. click on the link:

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/britishcolumbias-potential-lng-terminals/article8956483/?from=8955271

Nexen joins about half a dozen companies that have located land for their
proposed LNG projects in B.C. Three of those proposals (Australia-based
Woodside, South Korea based SK E & S, and ExxonMobil) also include interest in
Crown land in the Grassy Point area, for which the province continues
discussions.

At a news conference Tuesday led by Premier Christy Clark, Nexen CEO and
president Kevin Reinhart said while the acquisition of the land is a milestone,
it is a first step in a long "journey." He pointed to the need for extensive
public consultation (including with First Nations), a comprehensive
environmental assessment and company approvals.

But Reinhart noted that its new owner, commonly known as CNOOC, is the largest
importer of LNG into the growing natural gas market in China.

"We have an incredibly strong partnership that provides us with expertise,
financial capacity, unique access to the Asian gas market and a strong track
record of responsible development to turn this opportunity into a real project,"
said Reinhart.

Nexen owns 60 percent of the proposed LNG project at Grassy Point, dubbed Aurora
LNG. The other 40 percent is owned by Japanese companies INPEX Corp. and JGC
Corp.

Japan is the largest importer of LNG in the world by a wide margin, according to
the International Gas Union's 2013 World LNG report.

For further information on this announcement, view this story in the Vancouver
Sun - Business BC - Section C titled - "Resources - Victoria does a deal with
Nexen" -November 13, 2013 link to:

http://www.vancouversun.com/business/energy/reaches+deal+with+Nexen+Crown+land+terminal+north+Prince/9157847/story.html?__lsa=1

On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.

Victor N. Bryant, CEO/President

This News Release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results that may prove to
be inaccurate as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected results.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
Highbank Resources Ltd.
(604) 683-6648
(604) 683-1350
highbank@telus.net
www.highbankresources.com

Highbank Resources (TSXV:HBK)
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