First Drill Intersections At The DC Prospect- Johnson Tract Project

VANCOUVER - HighGold Mining Inc. reported first drill results of the 2022 field season from the Difficult Creek Prospect (DC), located four (4) km northeast of the C1.05 Moz indicated at 9.4 g/t gold equivalent (AuEq) JT Deposit (3.0 g/t AuEq cut-off grade). Difficult Creek is one of several district-scale prospects being explored by HighGold on the Johnson Tract project in Southcentral Alaska.

Initial diamond drilling in 2022 has focused on the Difficult Creek prospect and the long-awaited follow-up to the exceptional grade intersection returned in hole DC21-010 drilled late last season which included 577.9 g/t Au and 2,023 g/t Ag over 6.40 meters . New drilling in 2022 has been completed along strike to the east, west and down-dip from hole DC22-010 in fans of short, shallow step-out holes. Results to date are very encouraging and highlights from the first eight (8) holes for which assays have been received.

Drill Highlights of the Ellis Zone, DC Prospect: 11.9m @ 21.68 g/t Au, 30 g/t Ag, 0.61% Cu, 4.20% Zn (25.3 g/t AuEq), in hole DC22-043, including 3.9m @ 54.20 g/t Au, 71 g/t Ag, 1.26% Cu, 8.29% Zn (61.6 g/t AuEq), and including 1.4m @ 92.75 g/t Au, 138 g/t Ag, 2.22% Cu, 19.80% Zn (109 g/t AuEq); 42.8m @ 3.4 g/t Au, 23 g/t Ag, 0.21% Cu, 2.06% Zn (5.4 g/t AuEq), in hole DC22-036, including 18.4m @ 7.29 g/t Au, 50 g/t Ag, 0.44% Cu, 3.92% Zn (11.2 g/t AuEq) and including 3.7m @ 18.00 g/t Au, 87 g/t Ag, 0.91% Cu, 4.05% Zn (22.9 g/t AuEq); 14.7m @ 4.0 g/t Au, 18 g/t Ag, 0.27% Cu, 4.18% Zn (7.3 g/t AuEq), in hole DC22-034, including 5.6m @ 7.8 g/t Au, 36 g/t Ag, 0.49% Cu, 9.17% Zn (14.6 g/t AuEq).

“A priority of our 2022 drill program was to follow up on last year’s late season discovery at the DC Prospect to determine if the mineralization continued to depth and laterally along strike. This has been confirmed in our initial step-outs which have returned multiple intersections of high-grade mineralization, including subintervals of multi-ounce grade,” said Darwin Green, CEO. “This emerging new zone of high-grade mineralization has been named the Ellis Zone in honor of the late Bill T. Ellis, who played a key role in the initial discovery and advancement of the Johnson Tract project and was a major force in the Alaska exploration community. We look forward to receiving the balance of the assays from the initial 25-hole detailed grid drilling program and completing additional larger step-outs along strike and to depth. We anticipate drilling through to the end of October as we continue to grow, what is shaping up to be, a potentially significant new zone at the Johnson Tract project.”