HDG High Desert Gold Corporation

High Desert Gold Corporation ("HDG" or the "Company") (TSX
VENTURE:HDG)(OTCQX:HDGCF) reports that it has released its audited consolidated
financial statements for the year ended December 31, 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 December 31, 2012, HDG had cash and cash equivalents of $4.7 million and
subsequent to December 31, 2012, the Company received gross proceeds of $0.5
million from a private placement financing. 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 $2.6 million as at December 31, 2012 (current quoted value
is $1.6 million). These shares are subject to a time-released regulatory escrow
agreement.


The focus of the Company's exploration program in 2013 will be to continue
drilling the Grey Eagle and Jumbo Zones with a view to expanding the Gold
Springs resource and announcing an updated resource in Q1 of 2014. An additional
area, yet to be chosen from among the remaining 16 outcropping gold targets, may
also be drilled with the intent of developing a third resource area on the Gold
Springs property. An estimated total of 100 drill holes is planned in 2013. The
drill program, which commenced in mid-April, is expected to result in a steady
flow of news throughout the balance of 2013.


Copies of the audited 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 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".
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", "will", "continue", "with a view
to", "intent" 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, 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. The
material assumptions that were applied in making the forward looking statements
in this release include the execution of the Company's existing plans and
exploration programs for Gold Springs including the availability of sufficient
financing to fund planned or further required work in a timely manner and on
acceptable terms. 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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