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 $1.5-million by the issuance of up to 3.75 million units of the company at a purchase price of 40 cents per unit. Each unit will consist of one common share of the company and 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 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 is subject to the acceptance of the exchange.

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. Finders' fees of 6 per cent (or such other amount as determined by the company) may be paid to arm's-length finders in cash and/or finders' warrants on some or all of the proceeds raised in the offering.

About Highway 50 Gold Corp.

Highway 50 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 is a result of what management believes to be breakthroughs in the understanding of north-central Nevada's crustal architecture.

We seek Safe Harbor.