2021 Exploration Program Plans & Strategy<\/b><\/p>\n \n\u201cOur exploration team\u2019s mandate in 2021 includes both establishing critical mass at the JT Deposit and making new discoveries,\u201d commented President and CEO Darwin Green. \u201cThe JT Deposit is open to expansion and a priority for this program is to continue tracking and expanding the deposit farther down-plunge. We have high conviction in the potential to define a multi-deposit district at Johnson Tract and are excited to be drill testing several of the priority regional prospects for the first time ever. With C$17 million in working capital, HighGold is fully funded for the planned program.\u201d\n<\/p>\n \nPlease click here<\/a> for a video discussion with CEO Darwin Green with additional detail on HighGold\u2019s 2021 Johnson Tract work program.\n<\/p>\n Program Details<\/b><\/p>\n \nPreparations are underway to begin opening the JT camp and to commence the VTEM airborne geophysical survey in late May. Three drill rigs were secured on site at the end of the 2020 field season and are scheduled to be up and running in early June. The current drill plan contemplates approximately two-thirds of the total 16,000 meters dedicated to the JT Deposit and adjacent targets, and one-third dedicated to the surrounding Johnson District prospects.\n<\/p>\n \nInitial plans are for all three drill rigs to start in the JT Deposit area, completing systematic step-outs down-plunge and along strike to the deposit, as well as testing the Footwall Copper Zone, Gap, revised Fault Offset, and new VMS Zone targets. Drilling at JT District regional prospects is expected to commence in July with a minimum of one drill rig dedicated for the remainder of the program. All the necessary permits are in hand to drill at each of the planned target areas. DCIP ground geophysical surveying will also start in July.\n<\/p>\n About the Johnson Tract Gold Project<\/b><\/p>\n \nJohnson Tract is a poly-metallic (gold, copper, zinc, silver, lead) project located near tidewater, 125 miles (200 kilometers) southwest of Anchorage, Alaska, USA. The 21,000-acre property includes the high-grade Johnson Tract Deposit (\u201cJT Deposit<\/b>\u201d) and at least nine (9) other mineral prospects over a 12-kilometer strike length. HighGold acquired the Project through a lease agreement with Cook Inlet Region, Inc. (\u201cCIRI<\/b>\u201d), one of 12 land-based Alaska Native regional corporations created by the Alaska Native Claims Settlement Act of 1971. CIRI is owned by more than 9,100 shareholders who are primarily of Alaska Native descent.\n<\/p>\n \nMineralization at Johnson Tract occurs in Jurassic-age intermediate volcaniclastic rocks and is characterized as epithermal-type with submarine volcanogenic attributes. The JT Deposit is a thick, steeply dipping silicified body (20m to 50m average true thickness) that contains a stockwork of quartz-sulphide veinlets and brecciation, cutting through and surrounded by a widespread zone of anhydrite alteration. The Footwall Copper Zone is located structurally and stratigraphically below JT Deposit and is characterized by copper-silver rich mineralization.\n<\/p>\n \nThe JT Deposit hosts an Indicated Resource of 2.14 Mt grading 10.93 g\/t gold equivalent (\u201cAuEq<\/b>\u201d) comprised of 6.07 g\/t Au, 5.8 g\/t Ag, 0.57% Cu, 0.80% Pb and 5.85% Zn. The Inferred Resource of 0.58 Mt grading 7.16 g\/t AuEq is comprised of 2.05 g\/t Au, 8.7 g\/t Ag, 0.54% Cu, 0.33% Pb, and 6.67% Zn. For additional details see NI 43-101 Technical Report titled \u201cInitial Mineral Resource Estimate for the Johnson Tract Project, Alaska<\/i>\u201d dated June 15, 2020 authored by James N. Gray, P.Geo of Advantage Geoservices Ltd and Brodie A. Sutherland, P.Geo. Gold Equivalent is based on assumed metal prices and 100% recovery and payabilities for Au, Ag, Cu, Pb, and Zn. Assumed metal prices for the Resource are US$1350\/oz for gold (Au), US$16\/oz for silver (Ag), US$2.80\/lb for copper (Cu), US$1.00\/lb for lead (Pb), and US$1.20\/lb for zinc (Zn) and are based on nominal 3-year trailing averages as of April 1, 2020. Historical metallurgical testing on drill core samples has indicated that good gold and base metal recoveries and marketable concentrates can be expected.\n<\/p>\n \nPrior to HighGold, the Project was last explored in the mid-1990s by a mid-tier mining company that evaluated direct shipping material from Johnson to the Premier Mill near Stewart, British Columbia.\n<\/p>\n About HighGold <\/b><\/p>\n \nHighGold is a mineral exploration company focused on high-grade gold projects located in North America. HighGold\u2019s flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in accessible Southcentral Alaska, USA. The Company also controls one of the largest junior gold miner land positions in the Timmins, Ontario gold camp. This includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Golden Perimeter properties. HighGold\u2019s 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.<\/p>\n \nIan Cunningham-Dunlop, P.Eng., VP Exploration for HighGold Mining Inc. and a qualified person (“QP<\/b>“) as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.\n<\/p>\n On Behalf of HighGold Mining Inc.<\/b><\/p>\n \u201cDarwin Green<\/i>\u201d<\/b><\/p>\n \nPresident & CEO\n<\/p>\n \nFor further information, please visit the HighGold Mining Inc. website at www.highgoldmining.com.<\/a><\/p>\n \nThe Company has a robust QAQC program that includes the insertion of blanks, standards and duplicates.\n<\/p>\n Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/i><\/p>\n Forward looking statements: This news release includes certain \u201cforward-looking information\u201d 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 \u201cforward looking statements\u201d). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as \u201cseek\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201cplan\u201d, \u201cestimate\u201d, \u201cforecast\u201d, \u201cexpect\u201d, \u201cpotential\u201d, \u201cproject\u201d, \u201ctarget\u201d, \u201cschedule\u201d, \u201cbudget\u201d and \u201cintend\u201d and statements that an event or result \u201cmay\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201ccould\u201d or \u201cmight\u201d 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\u2019s planned drill program 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\u2019s 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.<\/i><\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210505005338\/en\/<\/a><\/span><\/p>\n \nDarwin Green, President & CEO or Naomi Nemeth, VP Investor Relations KEYWORDS:<\/b> United States North America Canada Alaska<\/p>\n INDUSTRY KEYWORDS:<\/b> Mining\/Minerals Natural Resources<\/p>\n\n
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Phone: 1-604-629-1165<\/b> or North American toll-free 1-855-629-1165
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Email: information@highgoldmining.com<\/a>.
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Website: www.highgoldmining.com
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Twitter : @HighgoldMining<\/a><\/p>\n
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