Difficult Creek Prospect Recent Drill Results

VANCOUVER - HighGold Mining Inc. reported on drill results for six (6) additional holes from the Difficult Creek Prospect (DC), located four (4) km northeast of the 0.75 Moz indicated 10.9 g/t gold equivalent (AuEq”) JT Deposit mineral resource. Difficult Creek is one of several regional prospects being explored by HighGold on the district-scale Johnson Tract project or JT project, in Southcentral Alaska.

Drill results from the first hole, DC21-010, at Difficult Creek which included 578 g/t Au and 2,023 g/t Ag over 6.4m. Results reported including five (5) holes completed at Middle DC and the first hole reported from the Upper DC target – note all holes completed at the DC Prospect in 2021 were part of an initial scout drill program and did not include any follow-up drilling.

Highlights: 11.43 g/t Au, 25.3 g/t Ag, 1.46% Zn, 0.54% Cu over 2.30m within 4.93 g/t Au, 15.5 g/t Ag, 0.24% Cu over 5.8m, in hole DC21-011 located down-dip of DC21-010 at Middle DC; 12.92% Zn, 0.67 g/t Au over 2.10m within 4.23% Zn, 0.52 g/t Au over 9.8m, in hole DC21-013 within a northeast trending fault structure; Broad zones of lower grade gold and base metal mineralization intersected in reconnaissance drilling 140m to the northwest of DC21-010, consisting of 91.7m grading 0.17 g/t Au, 0.75% Zn in hole DC21-015, including 10.50m grading 0.46 g/t Au, 1.20% Zn, this mineralization is blind at surface beneath relatively unaltered cover rocks, highlighting the potential under cover elsewhere along trend; and 110 g/t Ag over 1.10m and 5.18 g/t Au, 4.04% Zn over 0.60m in separate veins intersected in DC21-016, the first hole to test the Upper DC Vien Field

“The 17-hole drill program across the DC Prospect was designed as a first-pass test of multiple targets,” said, President and CEO, Darwin Green. “With seven of 17 holes reported to date, the Middle DC area has emerged as a zone of significant mineralization with excellent potential to expand. Particularly encouraging is recognition that mineralization appears to be preferentially developed within dacite fragmental volcanic rocks – the same rocks that host the JT Deposit. Significantly, this horizon defines a 1.2km long prospective corridor between the Middle DC and Milkbone targets that is largely obscured beneath overlying (less mineralized) andesitic volcanic cap rocks. We are impressed with the overall scale of the 1.5 km x 3.0 km DC system, the similarities to the JT Deposit located 4km to the southwest, and our predictive exploration model that enhances our chances for ongoing exploration success. With approximately $26 million in working capital, the Company is fully funded to explore this exciting new target area while at the same time continuing the systematic expansion and advancement of the main JT Deposit situated 4km to the southwest.”