VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 19, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company" or "Highbank") is very pleased to announce that the Company has received the Notice of Work ("NoW") Permit approval and a 'Reclamation Security Request for the Swamp Point North Aggregate Project'. Based on the information Highbank has provided as reviewed by the Ministry of Energy and Mines ("MEM"), and referral comments received from other government agencies and First Nations regarding the Notice of Work and Reclamation Program application ("NoW") dated October 31, 2013, the MEM is ready to issue a new Mines Act Permit.
Victor Bryant comments, "We are very excited that this significant milestone has been achieved. This allows Highbank to bid/tender on providing aggregate to the numerous liquefied natural gas ("LNG") projects proposed for the West Coast and nearby Port of Prince Rupert expansion."
As part of permit issuance, MEM requests Highbank to place the required securities to cover reclamation obligations and liabilities to the end of operations as proposed in the NoW. The Company has already remitted the initial $45,000 reclamation security deposit.