Vancouver, B.C. ... Highland Resources Inc. (the "Company") announces it has arranged a non-brokered private placement for gross proceeds of $250,000. The private placement will consist of 5,000,000 Units at a price of $ 0.05 per unit. Each unit is comprised of one common share of Highland and one transferable common share purchase warrant, each warrant exercisable for a period of two years from the date of issue to purchase one common share of Highland at a price of $0.10 per share.
The net proceeds of the private placement will be added to working capital and will be used to continue the 2010 - 2011 exploration program for the Rickaby Property designed by GeoVector Management Services Inc. ("GeoVector") of Ottawa, Ontario, who have been engaged by the Company to manage the exploration program on the Rickaby Property.
The private placement is subject to TSX Venture Exchange acceptance and required regulatory approvals. All of the securities issued pursuant to this offering will have a hold period expiring four months after the closing date.
ON BEHALF OF THE BOARD
Signed "Roger Blair"
Roger Blair, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact: Roger Blair
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.