HWY – TSX.V $0.18

News Releases

April 18, 2019

Highway 50 Gold Seeks to Extend Terms of Previously Issued Warrants

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

Highway 50 Gold Corp. ("Highway 50" or the "Company") announces that the Company proposes to extend the terms of outstanding common share purchase warrants as follows:

• 1,000,000 common share purchase warrants (the "May 10th Warrants") issued pursuant to a non-brokered private placement which closed on May 10, 2017. The May 10th Warrants are exercisable into common shares of the Company at an exercise price of $0.60 per common share and were previously extended to expire on May 10, 2019. The Company will seek acceptance from the TSX Venture Exchange (the "Exchange") to further extend the term of the May 10th Warrants for an additional year to May 10, 2020. The exercise period of the May 10th Warrants may be accelerated at the option of the Company if the closing price of the Company's common shares on the Exchange, or such other stock exchange where the majority of trading volume occurs, equals or exceeds $1.00 over a period of 10 consecutive trading days.

• 600,000 common share purchase warrants (the May 4th Warrants") issued pursuant to a non-brokered private placement which closed on May 4, 2018. The May 4th Warrants are exercisable into common shares of the Company at an exercise price of $0.30 until May 4, 2019. The Company will seek acceptance from the Exchange to extend the term of the May 4th Warrants to May 4, 2020.

The proposed amendments to extend the expiry dates of the May 10th Warrants and the May 4th Warrants are subject to Exchange acceptance.

On behalf of the Board,

"Gordon P. Leask"

Gordon P. Leask
President, Chief Executive Officer and Director

For additional information:

Gordon P. Leask, P.Eng. or John M. Leask, P.Eng.
Tel: 604.681.4462
Email: gord@highway50gold.com or jml@highway50gold.com

About Highway 50 Gold Corp.

Highway 50 Gold Corp. is a mineral exploration stage company led by a team of experienced explorers and deal-makers. The Company is executing an exploration plan refined over 25 years of experience in Nevada and the Aldridge Formation of southeastern British Columbia. The exploration focus on its projects are a result of what management believes to be breakthroughs in the understanding of north-central Nevada's crustal architecture and a new geological understanding on the Monroe property in British Columbia.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note This news release contains certain forward-looking statements, including statements regarding the Company's ability to receive acceptance from the Exchange to the extension of the expiry dates of the May 10th Warrants and the May 4th Warrants and 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 materially from those in forward-looking statements include: the Company does not receive regulatory acceptance to the extension of the expiry dates of the May 10th Warrants and the May 4th Warrants; 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.