Highway 50 Gold Corp. announced a non-brokered private placement of up to 2,571,428 units at a price of CAD 0.35 per unit for gross proceeds of up to CAD 900,000 on July 12, 2021. Each unit will consist of one common share in the capital of the company and one-half of one warrant. Each warrant will entitle the holder to purchase an additional common share at a price of CAD 0.45 until the second anniversary of the closing date of the transaction. The management of the company intend to participate in the transaction. The transaction is scheduled to close on or about July 27, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The units to be issued will be offered by way of private placement exemptions in various provinces of Canada as well as outside of Canada, pursuant to applicable exemptions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended. The company may pay a finder's fee of up to 6% cash and 6% compensation warrants to qualified finders in respect of portions of the transaction.