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HighGold hits pause button on Timmins Drill Program

Mar 18, 2020

Vancouver, British Columbia---  HighGold Mining Inc. (TSXV: HIGH) (OTCQB: HGGOF) ("HighGold" or the "Company") reports that it has temporarily suspended winter drill program activities (the "Program") on its Timmins area gold properties, Ontario. The suspension is in response to COVID-19 and the need to protect the health and safety of our employees and communities. 

A total of 12 drill holes for 2,524 meters of diamond drilling have been completed out of a planned 5,000-meter program. It is HighGold's intention to restart operations and complete the remainder of the planned drill meters later this year when appropriate to do so. The proximity of the drilling operations to Timmins area logistics help mitigate the costs of shutdown and re-mobilization. Results from the drill holes completed to date will be disclosed in due course, with potential for nationwide workplace disruptions to delay analytical turn around times. 

"While it is unfortunate to take a temporary hiatus at the Timmins drill program, it is the prudent and responsible course of action under the circumstances," commented HighGold President & CEO, Darwin Green. "The Company is in strong financial condition with $12 million in cash, no debt, and low overhead. We believe the fundamentals for gold to be positive over the next 12 to 24-months and HighGold, with its combination of quality gold assets and healthy treasury, will be well positioned when markets emerge from the current global crisis." 

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