Highbank Secures the CSA Group to Coordinate and Supervise the Drilling Program on the 'Mace' Moly Project, Ireland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2008) - Highbank Resources Ltd. ("HBK") (the "Company") (TSX VENTURE: HBK.V)(FRANKFURT:V7O) is pleased to announce it has contracted the CSA Group of Dublin-Ireland, to coordinate logistics, supervise, secure the drilling contractor and provide interpretation for the drill program as recommended by William R. Bergey, P.Eng., in the Geological Report on the Mace molybdenum ("moly") Prospecting License located in the County of Galway, Republic of Ireland.

The CSA Group, founded in 1984, is a natural resource consultancy practice that provides technical solutions and strategic advise in the minerals, energy and environmental sectors. The group has its headquarters in Dublin where it employs a staff of over 30 geologists, engineers and environmental scientists. In June 2008 the CSA Group joined the SLR Group. SLR is an international consultancy, based near Oxford, with over 650 employees working from 18 offices in the UK and 24 offices in North America ( www.slrconsulting.com).

The CSA group has secured bids from a drilling contractor which Highbank expects to contract to commence drilling in early September.

Mr. Bergey recommends that a drilling program be undertaken to test portions of the area where drilling was undertaken previously. The geologists involved with the previous drilling suggested that there was a serious loss of molybdenite in the coring process. A comparison of core and sludge samples indicated that this loss could have amounted to 25 to 45% of the molybdenum in rock relative to the assay values. The holes should be drilled in the opposite direction to the earlier drilling using equipment capable of recovering core of considerably larger diameter, to reduce the loss of molybdenite in the coring process, to provide reliable samples for comparison with the earlier drill holes and to obtain information on the size and attitude of the higher grade portions of the zone that might constitute ore blocks in an open pit.

The recommended program consists of nine holes along three cross sections, totalling approximately 1350 metres of drilling. In addition, detailed geological mapping and air-photo interpretation are recommended. The cost of the 1st Phase program is estimated to be US$374,000.

The Geological Report summarizing the above information is available on the Highbank website ( www.HighbankResources.com) and through SEDAR ( www.sedar.com) titled 'Geological Report on the Mace Molybdenum-Copper Prospect' by William Richard Bergey, P.Eng., Consulting Geologist, dated July 18, 2008. This news release has been reviewed and approved by Mr. William R. Bergey, the qualified person under NI 43-101.

Moly price information obtained from the U.S. Geological Survey ("USGS"), Mineral Industry Surveys has shown an increase of US$11.75/kg in 2003 to US$64.68/kg in 2007. Current molybdenum oxide prices have risen over $70.00.

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 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contacts

Jake Bottay
Highbank Resources Ltd.
President/Director
(604) 683-6648
(604) 683-1350 (FAX)
Email: highbank@telus.net
Website: www.highbankresources.com