HDG High Desert Gold Corporation

High Desert Gold Corporation ("HDG" or the "Company")(TSX
VENTURE:HDG)(OTCQX:HDGCF) reports that an associate company, South American
Silver Corp. ("SASC") has released its audited financial statements for the year
ended December 31, 2012, and that the audited financial statements of SASC
contain certain summary financial disclosure related to the financial position
of HDG. SASC's audited financial statements for the year ended December 31, 2012
can be found on SEDAR at www.sedar.com. 


HDG has not yet completed its own audit and therefore the summary financial
disclosure related to the financial position of HDG contained in the financial
statements of SASC may not necessarily reflect the financial position of HDG to
be included in the audited financial statements of HDG which the Company expects
to release on or before April 30, 2013.


As at December 31, 2012, HDG had cash and cash equivalents of U.S. $4.7 million.
The Company also owns 10.7 million shares of Highvista Gold Inc. (TSX
VENTURE:HVV) (30.5% equity interest) which had a quoted value of U.S. $2.6
million as at December 31, 2012 (current quoted value is U.S. $2.0 million).
These shares are subject to a time-released regulatory escrow agreement.


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 an 82% 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 contained herein constitute "forward-looking statements"
including statements regarding the summary financial information of the Company
as at December 31, 2012 which has not yet been audited. 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. Readers are cautioned not to place undue reliance
on the forward-looking statements contained in this press release or on the
summary financial information contained in SASC's financial statements. 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. Unless otherwise indicated, forward-looking statements in
this release describe the Company's expectations as of March 28, 2013.


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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