VANCOUVER - HighGold Mining Inc. (TSX-V: HIGH, OTCQX: HGGOF) ('HighGold' or the 'Company') is pleased to report assay results for the first seven (7) holes from the 2022 Winter Drill Program at its Munro-Croesus project located in the Timmins Gold Camp, Ontario, Canada.

The planned 8,000-meter Program is the largest to date on the Project and continues to test targets proximal and distal to the past producing Croesus Mine, along with a variety of new targets on the greater consolidated land position.

New drilling has successfully intersected the equivalent of the historic high-grade Croesus Vein in hole MC22-96, positioned 100 meters to the northeast of the former Croesus Mine underground workings, and has also discovered a new parallel quartz vein, 370 meters to the northwest, in the prospective Croesus Flow.

Highlight Drill Hole Results

13.40 g/t Au over 0.5m within a broader 4.80m interval grading 3.60 g/t Au (hole MC22-96) from an intersection of the Croesus Vein 100m northeast of the Croesus Mine, 14.00 g/t Au over 0.6m within a broader 2.60m interval grading 3.42 g/t Au (hole MC22-92) from a new vein zone intersected 370m northwest of the Croesus Mine

'We are very encouraged by these new results, which have intersected the interpreted northeastern extension of the historic high-grade Croesus Vein and have also identified a prospective parallel quartz vein system to the northwest,' commented President and CEO Darwin Green. 'These discoveries are a 'proof of concept breakthrough' of our current geological and structural models which highlight the potential for the Croesus Vein system to continue to the northeast along a major regional structure and also, as demonstrated in hole 92, that the prospective Croesus Flow could host multiple analogues to the Croesus Vein as we target this favourable host along strike. Step One was successful confirmation that key gold-bearing vein structures extend outside the immediate area of the historic Croesus Mine. Step Two will be systematic follow-up drilling, expanding the extent of these new intersections, and testing for the type of exceptionally high-grade gold mineralization that the Croesus Mine was known for.'

About HighGold's Timmins Properties

HighGold owns 100% of each of its three Timmins properties. The Munro-Croesus Gold Project is located approximately 75 kilometers (47 miles) east of Timmins, proximal to the Porcupine-Destor and Pipestone Faults, and approximately two kilometers (1.2 miles) northwest and along trend of Mayfair Gold Corp.'s multi-million ounce Fenn-Gib gold deposit. Mining occurred intermittently at Munro-Croesus between 1915 and 1936. The Golden Mile 86 square kilometer (34 square mile) property is located nine kilometers (5.6 miles) northeast of Newmont's multi-million-ounce Hoyle Pond deposit in Timmins. The Golden Perimeter 118 square kilometers (46 square mile) property is located to the south and southeast of Timmins on the south edge of the Shaw dome structure.

About HighGold

HighGold is a well-funded mineral exploration company focused on high-grade gold projects located in North America. HighGold's flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in Southcentral Alaska, USA. The Company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Golden Perimeter properties. HighGold's experienced Board and senior management team, are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.

Forward looking statements

This news release includes certain 'forward-looking information' within the meaning of Canadian securities legislation and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively 'forward looking statements'). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'forecast', 'expect', 'potential', 'project', 'target', 'schedule', 'budget' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's currently ongoing drill program and pending assays are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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