Vancouver, B.C. – May 10, 2016 - Highbank Resources Ltd. (TSX.V –“HBK”), (the “Company”) is pleased to introduce the Company’s newly appointed advisory board member.
Highbank would like to welcome Hans Smit, P. Geo., mineral industry consultant to the advisory board.
Highbank Appoints Hans Smit, P. Geo. To Its Advisory Board
1. #600 – 625 Howe Street, Vancouver, B. C. V6C 2T6 Ph: (604) 683-6648 Fax: (604) 683-1350
Email: Highbank@telus.net Website: www.HighbankResources.com
NEWS RELEASE
TSX.V: HBK
Frankfurt: V7O
HIGHBANK APPOINTS HANS SMIT, P.GEO. TO ITS ADVISORY BOARD
Vancouver, B.C. – May 10, 2016 - Highbank Resources Ltd. (TSX.V –“HBK”), (the “Company”) is pleased to
introduce the Company’s newly appointed advisory board member.
Highbank would like to welcome Hans Smit, P. Geo., mineral industry consultant to the advisory board. The
following is a brief biography on Mr. Smit:
Experience:
Hans Smit, of Telkwa, B.C. is a Professional Geologist who managed the feasibility, environmental assessment, and
permitting of Ascot Resources Ltd.’s Swamp Point aggregate project located adjacent to Highbank Resources Ltd.
Swamp Point North property on the Portland Canal, B. C. coast. Mr. Smit also assisted in targeting markets for
aggregates along the B.C. and U.S.A. west coast.
Mr. Smit has experience in all aspect of the mineral industry from grassroots exploration through to mine feasibility
studies, environmental permitting and corporate development. As VP for Grayd Resource Corporation, he was one of
the key people who advanced the La India heap-leach gold project in Mexico from the grassroots exploration stage
through to a Preliminary Economic Assessment (“PEA”). In 2011, Agnico Eagle Mines Ltd. paid $275M to acquire
Grayd and recently brought La India into production, using a mine and production plan based on Grayd’s work.
Mr. Smit has guided exploration, feasibility, and permitting on other advanced gold projects including Dublin Gulch
in the Yukon and Red Mountain in British Columbia. Recent work includes managing resource estimations and a
PEA for a silver project in northern Mexico.
Mr. Smit is currently Chief Executive Office of Orla Mining Ltd., a newly-formed Vancouver based junior mining
company. Hans is also active in volunteer initiatives that promote education and facilitate discussion between the
mineral industry and communities in Northern British Columbia.
Highbank believes that the combination of a new director (Ivan Scott, P.Eng.) and each new advisor, with their wealth
of experience within their respected professions, will provide significant contributions and guidance at this stage of
developing the Swamp Point North project; and Highbank’s future endeavours.
Stock Options Granting:
The Company has granted Mr. Smit; one hundred thousand (100,000) stock options for the purchase of up to 100,000
common shares of the Company, pursuant to our Stock Option Plan. Each option is exercisable for a period of three
years at a price of $0.10 per common share.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
“James H. Place”
James H. Place,
CEO/President
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or
results. Forward-looking statements are projections of events, revenues, income, future economic performance or management’s plan and
2. objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North
Aggregate Project, the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title
disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements,
requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward-looking statements
by the use of terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or
“continue” or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors, including:
fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in
grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual
financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.
Neither the 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.