Highway 50 GOLD Announces Completion of Non-Brokered Flow-Through Private Placement
NEWS RELEASE
HIGHWAY 50 GOLD ANNOUNCES COMPLETION OF NON-BROKERED FLOW-THROUGH
PRIVATE PLACEMENT
Vancouver, British Columbia – Highway 50 Gold Corp. (TSX.V – HWY)
February 10, 2017
Highway 50 Gold Corp. (“Highway 50” or the “Company”) is pleased to announce that it has increased its non-
brokered private placement previously announced on January 18, 2017 from $350,000 to $367,000 (the “Flow-
Through Offering”), and has today closed th e Flow-Through Offering and issued an aggregate of 1,835,000
common shares (each a “FT Share”) of the Company, on a flow-through basis under the Income Tax Act (Canada),
at a purchase price of $0.20 per FT Share. All FT Shares issued to purchasers under the Flow-Through Offering are
subject to a four-month hold period expiring on June 11, 2017, pursuant to applicable securities legislation and the
policies of the Exchange. No finders fees were paid in connection with the Flow-Through Offering.
The proceeds of the Flow-Through Offering will be used to fund a follow-up drill program on the Monroe property
located in southeastern British Columbia. The 2016 drill campaign conducted on the Monroe Property identified a
sulphide vent complex within the Sullivan Mine Stratigraphy that produced elevated amounts of iron sulphides with
subordinate lead-zinc and copper mineralization in the form of veins, disseminations and layers. This follow -up
campaign is intended to test the central portion of the vent complex for possible economic grade zinc-lead-silver
mineralization. Drilling is expected to commence in late February 2017 and is anticipated to comprise up to 1,800
metres of drilling in two to three holes. The target horizon averages approximately 500 metres depth in the area of
interest. 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.
In addition, the Company also wishes to announce that Ms. Megan Cameron-Jones has replaced Mr. Gordon P.
Leask as Corporate Secretary.
This news release has been reviewed 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).
For additional information:
Gordon P. Leask, P.Eng. or John M. Leask, P.Eng.
Tel: 604.681.4462
Email: [email protected] or [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 deal -
makers. The Company is executing an exploration plan refined over 25 years of experience in Nevada. The
exploration focus on its projects are a result of what management believes to be proprietary 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.
Cautionary Note This news release contains certain forward-looking statements, including statements regarding the
Company’s proposed plans for the exploration of the Monroe property; 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 may not obtain
satisfactory results from its drilling program and exploration activities, 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 reli ance
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.