HighGold Mining Inc. announced assay results from six additional drill holes testing the new Ellis Zone at the Difficult Creek Prospect, located 4 km northeast of the Company's 1.05 Moz indicated at 9.4 g/t gold equivalent JT Deposit. Difficult Creek is one of several district-scale prospects being explored by HighGold on the Johnson Tract project in Southcentral Alaska, USA. Ongoing diamond drilling continues to focus on the Ellis Zone where step-out drilling on 25 meter centres has returned strong mineralization west and down-dip of recently released hole DC22-043 with 21.68 g/t Au, 30 g/t Ag, 0.61% Cu, 4.20% Zn over 11.9 meters.

The new intersections have expanded the footprint of the wide, high-grade Ellis Zone mineralization by nearly 50% and the zone remains open in all directions. Drill Highlights of the Ellis Zone, DC Prospect: Drillhole DC22-046: 14.8m @ 10.14 g/t Au, 13.8 g/t Ag, 0.28% Cu, 5.97% Zn (14.3 g/t AuEq) including 6.8m @ 21.29 g/t Au, 25.1 g/t Ag, 0.55% Cu, 0.61% Pb, 10.70% Zn (28.7 g/t AuEq) including 1.5m @ 62.50 g/t Au, 10.5 g/t Ag, 0.77% Cu, 0.59% Pb, 10.59% Zn (70.0 g/t AuEq) Drillhole DC22-045 35.2m @ 4.2 g/t Au, 6.1 g/t Ag, 0.12% Cu, 1.40% Pb, 3.19% Zn (6.7 g/t AuEq) including 1.9m @ 12.95 g/t Au, 37.7 g/t Ag, 13.51% Pb, 31.42% Zn (36.2 g/t AuEq), and 13.3m @ 7.81 g/t Au, 6.4 g/t Ag, 0.23% Cu, 1.31% Pb, 2.35% Zn (10.0 g/t AuEq) Drillhole DC22-04420.3m @ 1.72 g/t Au, 5.6 g/t Ag, 0.14% Cu, 1.46% Zn (2.9 g/t AuEq), in hole DC22-044,including 2.0m @ 8.34 g/t Au, 8.9 g/t Ag, 0.41% Cu, 4.00% Zn (11.5 g/t AuEq) The DC Prospect is located 4 kilometers northeast of the JT Deposit and is characterized by a series of large gossan alteration zones similar in style to the +1Moz AuEq JT Deposit that collectively extend over a 1.5 km x 3.0 km area in a broad northeasterly trend. Gold mineralization and pervasive clay/anhydrite alteration are preferentially developed within dacitic to rhyolitic fragmental rocks that are capped by a shallowly-dipping sequence of lesser altered andesite volcanics that are host to a gold- and silver-rich epithermal vein field at higher elevations.

The widespread extent of mineralization exposed in erosional windows through the capping andesite supports potential for a large and partially blind mineralized system linking the various DC Prospect zones together over a strike length of 3 km. Drilling in late 2021 resulted in the discovery of near-surface bonanza-grade mineralization, which returned 577.9 g/t Au and 2,023 g/t Ag over 6.40 meters in hole DC21-010. Subsequent geological modeling during the off-season inferred an east-west striking, steeply north-dipping trend to the mineralization that became the focus for the initial 2022 drill program at what is now referred to as the ‘Ellis Zone'.

To date, a total of 36 drill holes for4,935 meters have been completedat the Ellis Zone since the start of the summer season. Today's news release includes assay results for 6 new holes, bringing the total number of holes released to date to 14. Drill hole lengths typically range from 75 to 150 meters and have been completed as fans of holes in a close-spaced 12.5 to 25-meter grid pattern with the objective of further refining the geometry, geological controls, and grade distribution of this promising new mineralized zone.

Mineralogy, veining and alteration are similar to the main JT Deposit, located 4 km to the southwest, which has been defined from surface to a vertical depth of more than 300 meters, over a strike length of 600 meters and has an average true thickness of 40m. Drilling to date has now defined the Ellis Zone mineralization over a strike length of approximately 125 meters and from surface to a depth of 100 meters with an average true thickness of 10 to 15 meters. An apparent shallow plunge to the southwest is now defined by thickest and the highest-grade intercepts.

The Ellis Zone remains open along strike and at depth and drilling continues to step-out along to the east and west in ever increasing increments as confidence in the geological model improves.