HDG High Desert Gold Corporation

High Desert Gold Corporation ("HDG" or the "Company") (TSX
VENTURE:HDG)(OTCQX:HDGCF) reports that it has released its unaudited condensed
interim consolidated financial statements for the three and nine months ended
September 30, 2012 and the related management's discussion and analysis of
financial position and results of operations ("MD&A"). In this press release,
all amounts are reflected in U.S. dollars. 


As at September 30, 2012, the Company had cash and cash equivalents of $2.3
million. The Company also owns 10.7 million shares of Highvista Gold Inc. (TSX
VENTURE:HVV) (34.2% equity interest) which had a quoted value of $1.9 million as
at September 30, 2012. These shares are subject to a time-released regulatory
escrow agreement. 


The focus of the Company's exploration program in 2012 has been the Gold Springs
project where the first phase of a 4,100 metre drill program has been completed
and the second drilling phase is now in progress. In addition to the drill
program, the Company is conducting surface geological and geochemical
exploration both at Gold Springs and on the 100% owned Pinyon project adjacent
to Gold Springs. The Company plans to update the existing resource at Gold
Springs by the end of the year if drilling is completed on time. 


Copies of the unaudited financial statements and related MD&A can be found on
SEDAR at www.sedar.com.


ABOUT HIGH DESERT GOLD 

The Company is a mineral exploration company that acquires and explores mineral
properties, primarily gold, copper and silver, in North America. The principal
property held by HDG is a 70% interest in the Gold Springs gold project situated
along the border between Utah and Nevada. The Company also holds direct
interests in a number of other properties including the San Antonio project in
Sonora, Mexico, the Gold Lake property in New Mexico, and the Kinkaid and Pinyon
properties in Nevada. The Company also has a 34.2% interest in the Canasta
Dorada property in Sonora, Mexico, through its equity interest in Highvista Gold
Inc. There has been insufficient exploration to define a property-wide mineral
resource at Gold Springs and it is uncertain if further exploration will result
in the additional targets at Gold Springs being delineated as a mineral
resource.


Certain statements contained herein constitute "forward-looking statements".
Forward-looking statements look into the future and provide an opinion as to the
effect of certain events and trends on the business. Forward-looking statements
may include words such as "plans", "expects", "should", "will", "believe",
"likely", "intention" and similar expressions. These statements include, but are
not limited to, statements regarding the continued advancement of the Gold
Springs property. These forward-looking statements are based on current
expectations and entail various risks and uncertainties. Actual results may
materially differ from expectations, if known and unknown risks or uncertainties
affect our business, or if our estimates or assumptions prove inaccurate.
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, the effect of capital market conditions and other
factors on capital availability; availability of sufficient financing to fund
planned or further required work in a timely manner and on acceptable terms;
changes in project parameters as 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
High Desert Gold Corporation
William Filtness
Chief Financial Officer
(604) 684-0693
(604) 684-0642 (FAX)

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