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HWY.V ·

Highway 50 Appoints New Director

Management Changes

NEWS RELEASE

Highway 50 Appoints New Director

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

July 16, 2026

Highway 50 Gold Corp. (the “Company”) announces the appointment of Allister Avard to the Company’s Board of

Directors, effective immediately. Mr. Avard has over seven years of capital markets experience in financings, due

diligence, and reverse takeover transactions, most recently at Haywood Securities in Toronto, where he held Canadian

securities licensing and the U.S. Series 7 (General Securities Representative) registration. Mr. Avard completed three

levels of the Chartered Financial Analyst (CFA) Program and holds a Bachelor of Commerce in Finance from

Dalhousie University.

The Company has granted Mr. Avard incentive stock options to purchase up to 100,000 common shares at a price of

$0.47 per share, exercisable for five years under the Company’s Stock Option Plan. The options will vest over

a one-year period.

Gordon P. Leask

President, CEO and Director

Highway 50 Gold Corp.

+1 (604) 681-4462

Subscribe for future news releases: https://highway50gold.com/contact/subscribe/

Website at www.highway50gold.com

Don Mosher, Corporate Development

+1 (604) 617-5448

[email protected]

About Highway 50 Gold Corp.

Highway 50 Gold Corp. is a mineral exploration stage company led by a team of experienced explorers and mine

finders. The Company is executing an exploration plan refined over 35 years of experience in Nevada. 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.

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

release.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking information” or “forward-looking statements” within the

meaning of applicable securities laws, including statements regarding the grant and vesting of options and the Company’s plans

and expectations. Forward-looking statements are based on current expectations, estimates and projections and involve known and

unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Readers should

consult the Company’s filings on SEDAR+ for additional risk factors and cautionary language. The Company does not undertake

to update forward-looking statements except as required by law.