Highway 50 Gold Commences 3,000 Metre Drill Program at Monroe Project

Vancouver, British Columbia - July 5, 2017 - Highway 50 Gold Corp. (TSX.V -- HWY) (the "Company") is pleased to announce the commencement of the next phase of its drill program at the Monroe project located in southeastern British Columbia. The Company plans to complete 4 to 5 drill holes totalling 3,000 to 4,000 metres, including the deepening of drill hole HWY-16-02. The objective of the drill program is to offset the newly discovered significant lead-zinc mineralization encountered during the deepening of drill hole HWY-16-01 in May 2017.

To date, the Company has completed two drill holes: HWY-17-03 and HWY-16-01. Management believes that the lead-zinc mineralization in HWY-16-01 represents a re-mobilized alteration front associated with a nearby sedex style lead-zinc deposit hosted within the Sullivan Mine stratigraphic sequence. The style of lead-zinc mineralization, structural and stratigraphic diversity encountered at Monroe is consistent with that observed in the immediate area of the Sullivan Mine in the Sullivan Corridor. 

The Company has an option to earn a 50% interest in the Monroe property by spending annual optional exploration expenditures totalling $3,000,000 over the next four years. The Company has spent $500,000 on the project over the last year.

The scientific and technical disclosure in this news release has been approved by Gordon P. Leask, P.Eng., President and CEO of the Company, and a Qualified Person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).