Mr. Gordon Leask reports

HIGHWAY 50 GOLD SEEKS TO EXTEND TERMS OF PREVIOUSLY ISSUED WARRANTS

Highway 50 Gold Corp. has proposed to extend the terms of outstanding common share purchase warrants as follows:

• One million common share purchase warrants issued pursuant to a non-brokered private placement, which closed on May 10, 2017. The May 10 warrants are exercisable into common shares of the company at an exercise price of 60 cents per common share and were previously extended to expire on May 10, 2019. The company will seek acceptance from the TSX Venture Exchange to further extend the term of the May 10 warrants for an additional year to May 10, 2020. The exercise period of the May 10 warrants may be accelerated at the option of the company if the closing price of the company's common shares on the exchange, or such other stock exchange where the majority of trading volume occurs, equals or exceeds $1 over a period of 10 consecutive trading days.
• Six hundred thousand common share purchase warrants issued pursuant to a non-brokered private placement which closed on May 4, 2018. The May 4 warrants are exercisable into common shares of the company at an exercise price of 30 cents until May 4, 2019. The company will seek acceptance from the exchange to extend the term of the May 4 warrants to May 4, 2020.

The proposed amendments to extend the expiry dates of the May 10 warrants and the May 4 warrants are subject to exchange acceptance.

About Highway 50 Gold Corp.

Highway 50 Gold is a mineral-exploration-stage company led by a team of experienced explorers and deal makers. Highway 50 is executing an exploration plan refined over 25 years of experience in Nevada and the Aldridge formation of southeastern British Columbia. The exploration focus on its projects is a result of what management believes to be breakthroughs in the understanding of north-central Nevada's crustal architecture and new geological understanding on the Monroe property in British Columbia.

We seek Safe Harbor.