HDG High Desert Gold Corporation

A correction from source is being issued with respect to the release sent out on
Dec. 9, 2010 at 6:23 PM ET. In the 4th paragraph, it should read "April 10,
2011", instead of "April 10, 2012". The corrected version follows.


THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
WIRE SERVICES


High Desert Gold Corporation ("HDG" or the "Company") (TSX VENTURE:HDG)(PINK
SHEETS:HDGCF) is pleased to report that it has closed its previously announced
private placement of 12,000,000 units ("Units") at $0.25 per Unit for gross cash
proceeds of $3 million (the "Private Placement"). 


Each Unit consists of one common share and one-half of a common share purchase
warrant. Each whole warrant entitles the holder to purchase one common share
until June 9, 2012 upon payment of $0.40 per share. If the common shares trade
on the TSX Venture Exchange at a price not less than $0.55 for a period of at
least ten consecutive trading days, HDG is entitled to accelerate the expiry
date of the warrants to a date (the "Accelerated Expiry Date") at least 30 days
from the date notice of such acceleration is given to the warrantholders,
provided that the Accelerated Expiry Date is on or after April 10, 2011. All
amounts are in Cdn$. The total number of Common Shares outstanding immediately
following the Private Placement is 36,444,714.


In connection with the Private Placement, the Company paid cash commissions of
$210,000 and issued compensation options entitling the holders to acquire up to
840,000 additional Units at a price of $0.28 per Unit, exercisable until June 9,
2012. 


The common shares and warrants issued today to investors, the common shares
issuable on exercise of such warrants, the compensation options, the common
shares and warrants issuable upon exercise of the compensation options and the
common shares issuable upon exercise of such warrants, are subject to a hold
period until April 10, 2011.


The Company intends to use the net proceeds of the Private Placement to conduct
exploration on the Gold Springs gold project along the Utah/Nevada border, as
well as the Company's other properties in Mexico and Nevada, and for working
capital purposes.


The securities offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or
any state securities laws and may not be offered or sold in the United States of
America (the "United States") or to or for the benefit of U.S. Persons (as such
term is defined in Regulation S under the U.S. Securities Act) except in
transactions exempt from the registration requirements of the U.S. Securities
Act and applicable state securities laws. This press release does not constitute
an offer to sell or the solicitation of an offer to buy securities in any
jurisdiction.


Certain statements in this press release constitute "forward-looking
statements". These forward-looking statements include, but are not limited to,
statements regarding the use of proceeds from the Private Placement.
Forward-looking statements express, as at the date of this press release, the
Company's plans, estimates, forecasts, projections, expectations, or beliefs as
to future events or results. Forward-looking statements are based on certain
assumptions, including the key assumptions and parameters on which such
estimates are based, involve risks and uncertainties and there can be no
assurance that such statements will prove to be accurate. Therefore, actual
results and future events could differ materially from those anticipated in such
statements. Factors that could cause results or events to differ materially from
current expectations expressed or implied by the forward-looking statements,
include, but are not limited to, changes in project parameters as exploration
results are obtained and plans continue to be refined and other risks more fully
described in the Company's Management Discussion & Analysis of Financial
Position and Results of Operations, which is available on SEDAR at
www.sedar.com. Readers are cautioned not to place undue reliance on the
forward-looking statements contained in this press release. Except as required
by law, HDG assumes no obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or any other
reason.

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