November 14, 2011
Highway 50 Provides Update on Porter Canyon
Highway 50 Gold Corp. (the "Company") is pleased to provide an exploration update on its 100% owned Porter Canyon project located in Lander County, approximately 30 km south of Austin, Nevada.
Subsequent to executing an initial gravity survey over the property, the Company commissioned a CSAMT geophysical survey. Results of this work suggest the existence of a shallowly buried (less than 100 metres of cover) horst block located approximately 1.5 kilometres (1 mile) outboard of the rangefront. A series of south-east trending structures that bracket the target project directly back to the past-producing Quito Mine. A number of auriferous jasperoids, including those in the vicinity of the former Antimony King Mine, are located within this structural zone. The Company has permitted two drill sites on BLM lands to test this buried target.
A program comprising 1,500 metres of drilling is planned, contingent upon drill availability.
This news release has been reviewed by Gordon P. Leask, P.Eng., President and CEO of the Company, and a Qualified Person ("QP") as defined by National Instrument 43- 101 (Standards of Disclosure for Mineral Projects).
ON BEHALF OF THE BOARD OF DIRECTORS,
"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.
Cautionary Note This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ martially from those in forward- looking statements include changes in metal prices, changes in the availability of funding, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ martially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.