HDG High Desert Gold Corporation

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)(OTCQX:HDGCF) is pleased to report that today it closed two
non-brokered private placements for gross proceeds of Cdn$3,628,400. 


South American Silver Corp. ("SASC") (TSX:SAC), a Canadian public company,
purchased 15,580,000 common shares of the Company at a price of Cdn$0.18 per
share for aggregate proceeds of Cdn$2,804,400.  


The Company also issued 4,120,000 units at a price of Cdn$0.20 per unit for
aggregate proceeds of Cdn$824,000, with each unit comprised of one common share
and one common share purchase warrant. Each warrant entitles the holder to
purchase one common share of the Company at a price of Cdn$0.23 per share until
December 28, 2015. 


Following completion of the SASC subscription and the concurrent private
placement of units by the Company, SASC owns approximately 19.9% of the issued
and outstanding common shares of the Company, based on there being 78,285,233
common shares of the Company issued and outstanding following the private
placements. The Company also granted SASC a pre-emptive right enabling it to
maintain its percentage equity interest in the Company until December 28, 2015. 


The Company plans to use the net proceeds from the two private placements to
fund exploration of the Company's properties and for administrative expenses and
unallocated working capital.


Ralph Fitch, President and CEO of HDG, stated "We are very pleased to have
completed these transactions going into 2013 as these proceeds, along with our
current treasury balance, place us in a very strong financial position to
continue with an aggressive exploration program at our flagship property, Gold
Springs along the Nevada/Utah border. We are also pleased that being
non-brokered, there were no fees associated with the two private placements." 


All securities issued pursuant to the private placements are subject to a
four-month regulatory hold period, which expires on April 29, 2013. 


ABOUT HIGH DESERT GOLD CORPORATION 

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. 


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 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. The material assumptions that were applied
in developing the forward-looking statements include: the availability of
equipment and qualified personnel and the timely receipt of permits to advance
the Gold Springs project; and the execution of the Company's existing plans and
further exploration and development programs for Gold Springs, which may change
due to changes in the views of the Company or if new information arises which
makes it prudent to change such plans or programs. 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
Richard Doran
Executive Vice President
(303) 584-0606
(303) 758-2063 (FAX)
rdoran@hdggold.com

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