HighGold Mining Inc. announced non-brokered private placement of 10,606,060 common shares at a price of CAD 0.66 per Common Share for the gross proceeds of CAD 7,000,000 on March 23, 2023. The transaction is subject to corporate and regulatory approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. The Company may pay finder's fees on all or a portion of the offering.

All securities issued under this transaction will be subject to a hold period expiring four months and one day. The transaction is expected to close on or about April 5, 2023 or such other date as may be determined by the Company.