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) is
pleased to announce it has completed the first tranche of a brokered and
non-brokered private placement for gross proceeds of Cdn$489,460. 


Pursuant to a brokered private placement the Company issued 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 entitles the holder to purchase one common share of the Company at a
price of Cdn$0.23 per share until January 31, 2016, however, the Company may
accelerate the expiry date of the warrants if the common shares of the Company
trade at or above $0.35 for ten consecutive trading days on the TSX Venture
Exchange, provided that the accelerated expiry date is at least four months and
one day after the date of issue of the warrants. 


The Company paid to IBK Capital Corp. a cash commission of $28,000 from the
proceeds of the brokered private placement and issued broker warrants entitling
the holders thereof to purchase 140,000 additional units at the unit price until
January 31, 2015.


Pursuant to a concurrent non-brokered private placement, South American Silver
Corp. ("SASC") (TSX:SAC), a Canadian public company, exercised it pre-emptive
right to participate in the financing to maintain its approximately 19.90%
interest in the issued and outstanding common shares of the Company purchasing
497,000 common shares of the Company at a price of Cdn$0.18 per share for gross
proceeds of Cdn$89,460.


All securities issued pursuant to the private placements are subject to a
four-month regulatory hold period, which expires on June 1, 2013.


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. 


Additional closings on the terms disclosed above may occur in the future.

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 any additional closing(s) of the 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 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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