Mr. Robert Seitz reports

HY LAKE GOLD CLOSES FLOW-THROUGH PRIVATE PLACEMENT

Hy Lake Gold Inc. closed a non-brokered flow-through private placement, totalling two million units of the company at 25 cents per unit for gross proceeds of $500,000, on Nov. 15, 2011.

Each unit consists of one flow-through common share and one common share purchase warrant. Each warrant has a 24-month term, and entitles the holder to purchase one additional common share of Hy Lake Gold at a price of 35 cents for a period of 12 months from the date of closing and at a price of 50 cents for the subsequent 12-month period.

Proceeds of the financing will be used for the continued exploration and development of the company's west Red Lake properties, including the Mount Jamie mine, Rowan Lake mine and Red Summit mine properties.

We seek Safe Harbor.