News Releases

November 03, 2011

Highway 50 Extends Term of Warrants

Vancouver, British Columbia -- Highway 50 Gold Corp. (HWY-TSX.V) November 3, 2011

Highway 50 Gold Corp. (the "Company") - The Company wishes to announce that it has applied to the TSX Venture Exchange (the "Exchange") for acceptance to extend the terms of an aggregate of 1,745,000 (assuming no warrants are exercised prior to November 19, 2011) common share purchase warrants (the "Warrants") issued pursuant to a non-brokered private placement (the "Private Placement") which closed on November 19, 2010. The Warrants are exercisable into common shares in the capital of the Company at an exercise price of $0.65 per common share until November 19, 2011. No Warrants issued under the Private Placement have been exercised to date. The Company is seeking acceptance from the Exchange to extend the terms of the Warrants for an additional year to November 19, 2012.

"Gordon P. Leask"
Gordon P. Leask, P. Eng. President and CEO

Additional Information - For more information please contact us at (604) 681-4462.

Neither the 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.