|By Marketwired .||
|December 6, 2013 09:00 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/06/13 -- Highbank Resources Ltd. (the "Company") (TSX VENTURE: HBK)(FRANKFURT: V7O). Further to our news release on October 29, 2013, the Company has received review comments from the Ministry of Energy and Mines ("MEM") indicating the results of MEM's review and future expectations for this particular project in regards only to the Mines Act permitting.
The Regional Director of MEM, Smithers has made a decision in regards to our project, to establish a Mine Development Review Committee (MDRC), pursuant to Part 10.3.1 of the Health, Safety and Reclamation Code for Mines in B.C., to meet in early 2014. The MDRC will provide an opportunity for the Company, pertinent regulators and First Nations to gather and discuss requirements of the project as it relates to both federal and provincial regulatory authorities.
The Company and Micon International Limited will be reviewing the response and begin compiling its reply as soon as possible in preparation for discussion with the MDRC.
Victor N. Bryant-CEO/President, James H. Place-Director, and Stan Spletzer, V.P. of Operations will be travelling to Prince Rupert on Tuesday. The Company will be meeting with representatives from the Metlakatla First Nation (Prince Rupert), site of the Petronas $18 billion proposed liquefied natural gas (LNG) export facility, on Lelu Island within the District of Port Edward on land administered by the Port of Prince Rupert. Also included in the meeting will be a representative from the Lax Kw'alaams Band (Port Simpson- nearby Grassy Point), where China's CNOOC Ltd. has secured exclusive rights with Japan's Inpex Corp. and JGC Corp. to examine building a LNG export plant and terminal. These discussions will center on further joint venture participations with the First Nations as they will be involved in the public consultations and potential partnerships of these builds. It was hoped that a similar meeting could be arranged with the heads of the Nisga'a Lisims Government at the same time, unfortunately they were not available as they are currently attending meetings in Ottawa.
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.