Mr. Gordon Leask reports

HIGHWAY 50 GOLD COMPLETES UPSIZED NON-BROKERED PRIVATE PLACEMENT OF UNITS

Highway 50 Gold Corp., further to its news releases dated Feb. 18, 2026, Feb. 23, 2026, and March 11, 2026, has completed its upsized non-brokered private placement, raising gross proceeds of $2,414,000 in the offering via the issuance of up to 6,035,000 units of the company at a purchase price of 40 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a purchase price of 50 cents per warrant share for a period of one year from the closing date of the offering.

The proceeds of the offering will be used for: (i) a drill program at the company's Gold Knob project; and (ii) general working capital purposes. The offering remains subject to the final acceptance of the TSX Venture Exchange.

The securities issued pursuant to the offering are subject to a four-month hold period in accordance with applicable securities laws and the rules of the exchange. In connection with the offering, the company paid cash finders' fees and issued finders' warrants to certain arm's-length finders. Each finder's warrant entitles the holder thereof to purchase one common share of the company at a purchase price of 50 cents per common share for a period of one year from the closing date.

About Highway 50 Gold Corp.

Highway 50 Gold is a mineral exploration stage company led by a team of experienced explorers and mine finders. The company is executing an exploration plan refined over 35 years of experience in Nevada. The exploration focus on its projects are a result of what management believes to be breakthroughs in the understanding of north-central Nevada's crustal architecture.

We seek Safe Harbor.