HighGold Mining Inc. to report assay results for the first seven (7) holes from the 2022 Winter Drill Program (the "Program") at its Munro-Croesus project (the "Project") located in the Timmins Gold Camp, Ontario, Canada. The planned 8,000-meter Program is the larger 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.

Assay highlights are discussed below and shown in Figure 2 and Table 1. 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. A portion of the 2022 Winter Drill program was designed to test for the possible strike extension of the historic Croesus Vein to the northeast of the underground workings in an area of no previous drilling.

Recent structural geology studies completed by SRK Consulting identified a dominant NE-SW trending "D2" structure passing through the Croesus Shaft area and highlighted the importance of these D 2 structures as potential hosts for gold mineralization, with particular attention given to areas where these structures cross- cut mafic variolitic flows and graphitic interflow sedimentary rocks. Three (3) holes (MC22-94 to MC22-96) were designed to test this D2 feature north of the mine, with a fourth hole (MC22-97) testing at depth below the historic mine workings. Hole MC22-96, located approximately 100 meters from the Croesus mined-out stopes and drilled at -65 degree dip, yielded 3.60 g/t Au over 4.80 meters, including 13.40 g/t Au over 0.5 meters.

The mineralization in hole MC22-96 is characterized by 20-30% quartz veining with 2-5% arsenopyrite within a quartz-sericite-pyrite altered basalt. Narrow pyrite-pyrrhotite-bearing graphitic interflow sediments were observed downhole of the gold intercept and returned encouraging base metal values with 2.89% Zn, 1.03% Pb and 13.09 g/t Ag over 2.1 meters. Both these intercepts remain open at depth and along strike to the northeast.

Hole MC22-95, drilled at a shallower -45-degree dip from the same pad as hole MC22-96, intersected the same structure but returned only anomalous gold values (1.28 g/t Au over 1.16 meters). Hole MC22-94, drilled immediately northeast of the underground workings (100m southwest of holes 96 and 96) returned no significant values, with faulting inferred to have offset the Croesus Vein. Hole MC22-97 was a deeper test below the underground workings and returned only anomalous gold values (1.16 g/t Au over 0.50 meters and 1.70 g/t Au over 0.60 meters).