HWY.V · 2025-02-12 12:00:00

Highway 50 Gold Announces Effective Date for Share Consolidation

Corporate Actions

NEWS RELEASE

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

February 12, 2025

Highway 50 Gold Corp. (the “Company”) is pleased to announce that the consolidation (the “Consolidation”) of the

outstanding common shares (the “Shares”) of the Company on a two-to-one (2:1) basis, approved by directors’ resolution on

January 23, 2025, is anticipated to be made effective for trading purposes on February 14, 2025 (the “Effective Date”). It is

anticipated that the Shares will begin trading on the TSX Venture Exchange on a post-Consolidation basis at market open on

the Effective Date. The new CUSIP of the Shares will be 431248202 and the new ISIN will be CA4312482025.

The Consolidation is being conducted on a “push-out” basis, except with respect to registered shareholders with certificated

Shares. Shareholders of the Company without physical share certificates do not need to take any action with respect to the

Consolidation, as they will automatically receive new DRS advice representing the post-Consolidation Shares issued as of

the Effective Date.

A letter of transmittal with respect to the Consolidation is being mailed to the Company’s registered shareholders with

certificated Shares. All registered shareholders with certificated Shares will be required to send their certificate(s)

representing pre-Consolidation Shares, along with a properly executed letter of transmittal, to the Company’s registrar and

transfer agent, Computershare Trust Company of Canada, in accordance with the instructions provided in the letter of

transmittal.

Further details regarding the Consolidation are provided in the press release of the Company dated January 13, 2025.

On behalf of the Board of Directors of Highway 50 Gold Corp.

Gordon P. Leask, President, Chief Executive Officer and Director

For additional information:

Gordon P. Leask, P.Eng. or John M. Leask, P.Eng.

Tel: 604.681.4462

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.

Cautionary Note Certain statements contained in this press release may constitute forward-looking statements under

Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking

terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain

actions, events or results “will” occur.

These forward-looking 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 matters relating to receipt of regulatory approval of the Consolidation.

Accordingly, the actual events may differ materially 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 reliance on such forward -looking statements. The Company does not

undertake to update any forward-looking statements, except as may be required by applicable securities laws.