Highfield Resources Limited announced that it has signed principal credit facility in relation to its previously announced senior secured project financing facilities between Highfield, its Spanish subsidiary, Geoalcali S.L.U., and a syndicate of four international financial institutions acting as Mandated Lead Arrangers (the "MLAs"). The Senior Facilities of up to EUR 320.6 million will fund the construction and development of the Company's 100% owned Muga Potash Project, located in Spain. The MLAs are BNP Paribas S.A., ING Bank N.V., Natixis CIB and Societe Generale.

The terms of the Senior Facilities are as previously announced. The Senior Facilities comprise two financing agreements: A Senior Debt Facility of EUR 300 million to fund the construction and development of the Project; and A Cost Overrun Debt Facility of EUR 20.6 million to be used, if required in the construction and development of the Project. The Company continues to make progress in discussions and negotiations with prospective strategic investors as well as progressing its EUR 23.3 million equipment operating lease facility with Macquarie.