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 (the "Company") (TSX VENTURE:HDG)(OTCQX:HDGCF)
proposes to complete the first tranche of a brokered and non-brokered private
placement for gross proceeds of Cdn$489,460. 


The Company proposes to issue pursuant to the first tranche of a brokered
private placement 2,000,000 units at a price of Cdn$0.20 per unit for aggregate
proceeds of Cdn$400,000, with each unit comprised of one common share and one
common share purchase warrant. Each warrant will entitle the holder to purchase
one common share of the Company at a price of Cdn$0.23 per share for a period of
36 months. The Company will pay a cash commission of up to 7% of the proceeds
from the brokered private placement and issue broker warrants entitling the
holders thereof to purchase additional units (up to 7% of the number issued on
the brokered private placement) at the unit price for a period of 24 months. 


South American Silver Corp. ("SASC") (TSX:SAC), a Canadian public company, has
provided the Company with notice that it intends to exercise it pre-emptive
right to participate in the financing to maintain its approximately 19.9%
interest in the issued and outstanding common shares of the Company. If the
Company issues 2,000,000 units pursuant to the first tranche of the brokered
private placement, SASC will purchase, on a non-brokered concurrent private
placement 497,000 common shares of the Company at a price of Cdn$0.18 per share
for gross proceeds of Cdn$89,460. 


The targeted closing date for the first tranche of the private placements is
January 31, 2013. Additional closings on the terms disclosed above may occur in
the future.


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


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 the Company 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 30.5% 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 closing(s) of the proposed private placements.
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 the capital markets, 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 completion of the subscriptions by
potential investors on the terms disclosed herein; 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, the
Company 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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