Mr. Gordon Leask reports

HIGHWAY 50 GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Highway 50 Gold Corp. has arranged a non-brokered private placement to raise gross proceeds to the company of up to $3.5-million by the issuance of up to 11,666,667 units of the company at a purchase price of 30 cents per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a purchase price of 50 cents per warrant share for a period of two years from the closing date of the offering.

The proceeds of the offering will be used for: (i) claim maintenance; (ii) a drill program at the company's Gold Knob project; and (iii) general working capital purposes. The offering is subject to the acceptance of the exchange.

Insiders of the company intend to participate in the offering. Any such participation would be considered a related party transaction as defined under Multilateral Instrument 61-101. The securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable securities laws and the rules of the exchange. The company expects to rely on certain exemptions in MI 61-101 based on the size of the offering in connection therewith. Finders' fees of 7 per cent may be paid to arm's-length finders in cash and/or brokers' warrants on some or all of the proceeds raised in the offering.

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.