RMB Resources Ltd. Acquires Units of Highland Resources Inc.

SYDNEY, Australia, May 29, 2012 /CNW/ - RMB Resources Limited, as Trustee for Telluride Investment Trust (collectively, "RMB"), is pleased to announce that it acquired by way of a private placement 25,000,000 units ("Units") of Highland Resources Inc. (TSX-V: HI) (the "Corporation") at a price of $0.08 per Unit for aggregate consideration of $2,000,000. Each Unit consisted of one common share of the Corporation (each, a "Common Share") and one transferable Common Share purchase warrant (each, a "Warrant").

RMB believes that, after giving effect to this subscription, the Common Shares held by RMB represent approximately 10.91% of the issued and outstanding Common Shares of the Corporation. If RMB were to exercise all of the Warrants issued by the Corporation and held by it, it would hold 50,000,000 Common Shares, representing approximately 19.67% of the issued and outstanding Common Shares of the Corporation, calculated on a partially-diluted basis assuming the exercise of the Warrants referenced above only.

The securities were acquired pursuant to a previously announced private placement. RMB subscribed for the Units for investment purposes and reserves the right, depending on the circumstances, including market and other conditions, to make further purchases or disposals of securities in the future through market transactions, private agreements, treasury issuances, exercise of options, convertible securities or otherwise.

About RMB

RMB is a wholly-owned unit of the Rand Mercant Bank division of FirstRand Bank. The registered office of RMB is Level 13, 60 Castlereagh Street, Sydney, NSW, Australia.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.