2022 Exploration Program At Johnson Tract Project

VANCOUVER - HighGold Mining Inc. reported on the exploration program for the 2022 field season at the Johnson Tract polymetallic Gold Project in Southcentral Alaska. The Project hosts the high-grade JT Deposit with a 0.75moz indicated resource at 10.9 g/t gold equivalent (“AuEq”). An updated and expanded mineral resource for the JT Deposit is expected to be delivered before the end of the second quarter 2022 and will incorporate 27,000 meters of drilling from the 2020 and 2021 drill programs.

“After drilling one of the best drill intersections globally in 2021, we are poised to have drills turning to follow-up on our exciting new high-grade discovery at the DC Prospect,” said Darwin Green, President and CEO. “Our priority objectives and allocation of capital for the 2022 drill program are: i) continued expansion of the JT Deposit; ii) definition of one or more new deposits within the DC-Milkbone prospect area; and iii) make a further discovery on one of the regional targets. We are particularly excited about getting back to the new DC discovery with additional drilling and to the Milkbone prospect where we had the highest gold grade in soil samples anywhere on the property to date. With C$19.5 million in working capital, HighGold is fully funded for the planned program.”

Preparations are underway to open the JT camp mid-June and to commence drilling shortly thereafter. The Program will start with two (2) drill rigs, with plans to add a third should another drill rig become available. The current drill plan contemplates approximately one-third of the total meters dedicated to expansion and infill of the JT Deposit and immediately surrounding targets, and two-thirds dedicated to the DC-Milkbone Corridor and other Johnson District prospects.