Mr. Paul Crath reports

HIGHVISTA GOLD ANNOUNCES FILING OF CORRECTIVE DISCLOSURE PURSUANT TO OSC REVIEW

Further to the review by the Ontario Securities Commission of Highvista Gold Inc.'s continuous disclosure and a subsequent request from the OSC staff in connection therewith, the company has made corrective disclosure with respect to its unaudited financial statements and management's discussion and analysis for the interim period ended Dec. 31, 2022.

Corrective disclosure was requested by the OSC staff in connection with the company's application to revoke the failure-to-file cease trade order issued by the OSC on Aug. 2, 2019. Corrective disclosure addresses various deficiencies identified under Form 51-102F1 (Management's Discussion and Analysis), including: the reference to the company's expired letter of intent with Highvista Capital Corp. and the liquidity and capital resource disclosure throughout the MD&A and the financial statements.

For the purpose of making corrective disclosure and in accordance with OSC staff Notice 51-711 (revised) (Refilings and Corrections of Errors), the company has filed the revised version of the financial statements and the MD&A on SEDAR+, providing additional details and clarifications with respect to the company's expired letter of intent with Highvista Capital Corp. and the liquidity and capital resource disclosure throughout the financial statements and the MD&A. Certifications of interim filing for the financial statements and the MD&A will also be filed by the company as part of its corrective disclosure and in compliance with National Instrument 52-109 (Certification of Disclosure in Issuers' Annual and Interim Filings).

As a result of having to provide such corrective disclosures, the company will be placed on the public list of refiling and errors in accordance with SN 51-711 and will remain on the list for a period of three years from the date of refiling the corrective disclosure.

We seek Safe Harbor.