Vancouver, B.C. ... Further to its press release of September 20, 2010, Highland Resources Inc. (the "Company") announces it has completed its private placement for gross proceeds of $250,000. The private placement consisted 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. of Ottawa, Ontario, who have been engaged by the Company to manage the exploration program on the Rickaby Property.
The Company paid a cash commission in the amount of $11,600 and issued 290,000 finder's warrants exercisable at $0.10 for a period of 12 months to Jordan Capital Markets Inc. for a portion of the private placement attributable to Jordan's efforts.
All securities issued by the Company pursuant to this private placement are subject to a four month hold period expiring on January 25, 2010.
ON BEHALF OF THE BOARD
Signed "Roger Blair"
Roger Blair, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact: Roger Blair
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