News ReleaseApril 24, 2017 Highway 50 Gold Announces Flow-Through Financing to Raise $550,000 Vancouver, British Columbia -- Highway 50 Gold Corp. (TSX.V -- HWY) Highway 50 Gold Corp. ("Highway 50" or the "Company") is pleased to announce a non-brokered private placement to raise gross proceeds to the Company of up to $550,000 (the "FT Offering") by the issuance of up to 1,000,000 units (each a "Unit") at a purchase price of $0.55 per Unit. Each Unit will consist of one common share (each a "FT Share") of the Company to be issued on a flow-through basis under the Income Tax Act (Canada) and one full non-flow-through common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder to purchase one non-flow-through common share of the Company at a purchase price of $0.60 per share for a period of one year from the date of the closing (the "Closing Date") of the FT Offering. The expiry date of the Warrants may be accelerated by the Company, at its sole option, at any time in the event that the closing price of the common shares of the Company on the TSX Venture Exchange, or any such other exchange on which the common shares of the Company primarily trade from time to time, is greater or equal to $1.00 for a period of 10 consecutive trading days occurring no earlier than four months and one day from the Closing Date, by giving notice to the holders thereof. Insiders of the Company intend to participate in the FT Offering. No finder's fees are payable. All securities issued to purchasers under the FT Offering will be subject to a four-month hold period commencing from the closing date of the FT Offering, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The proceeds of the FT Offering will be used to fund follow up drilling on drill programs executed in October 2016 and March 2017 on the Monroe property located in southeastern British Columbia. Drilling will include completion of drillhole HWY 17-01 which was suspended on March 6, 2017, and the deepening of drillholes HWY 16-01 and HWY 16-02 through to the definitive Lower Aldridge formation. The Company has an option to earn a 50 per cent interest in the Monroe property by spending annual optional exploration expenditures totalling $3,000,000 over the next four years. The FT Offering is subject to the acceptance of the TSX Venture Exchange.