Highway 50 Announces Large-Scale Gold Discovery at Gold Knob Project, Nevada

Highway 50 Gold Corp. (HWY) has released the first assay results from Phase I drilling at its Gold Knob project in Nevada. The company reported that hole GK-26-9A returned 51.82 m grading 0.60 g/t Au from 130.0 m to 181.2 m, measured as core length.

The release highlights two internal intervals from the same hole: - 4.6 m at 1.02 g/t Au from 161.5 m - 4.6 m at 2.74 g/t Au from 144.6 m

These results are being compared to historic hole BV-3, located 152 m north, which returned 12.2 m at 0.73 g/t Au. The new hole is significantly thicker but carries a slightly lower grade than the historic intercept.

Additionally, follow-up hole GK-26-18, situated approximately 1.15 km southeast, cut 13.7 m of visually similar geology from 455 m to 469 m. Assays for this hole are pending.

The company has staked 205 additional claims and states that drilling is ongoing. While the release employs "Large-Scale Gold Discovery" language and links the project to the Carlin, Turquoise Ridge, and Cortez geological settings, the current hard data consists of a single assayed hole.

Highway 50 Gold Corp. (HWY) is a pre-resource, micro-cap explorer with no revenue and approximately C$5.0 million in cash as of Q1 2026. The company’s recent release constitutes an exploration drill result rather than a resource or mine-life event.

The announcement marks the first new assay from the Gold Knob Phase I program and features a section significantly thicker than a nearby historic hole. However, the result does not establish a resource, provide true width or metallurgy, or confirm continuity.

The stock had already appreciated from approximately C$0.40 on August 31 to C$0.52 by September 11, suggesting that some speculative anticipation may be reflected in the price.

Highway 50 Gold Corp. (TSXV: HWY) is a Nevada-focused mineral exploration company. Its flagship asset is the 100%-owned Gold Knob project in north-central Nevada, with additional exploration occurring at Quito North. The company holds a 3% net smelter return (NSR) on Gold Knob, with an option to repurchase up to 2% for US$1 million per 1%. No reserves or mineral resources have been disclosed on any project.

The company’s capital structure consists of approximately 44.45 million shares outstanding, 4.4 million options, and 17.3 million warrants, resulting in roughly 66.2 million fully diluted shares. Financial data provided is prior-period context rather than new from this release. For the first quarter of 2026, the company reported nil revenue, a net loss of C$146,284, cash of C$5.02 million, and total equity of C$6.68 million. In March 2026, Highway 50 Gold completed a C$2.414 million private placement at C$0.40 per unit; each unit included one common share and one C$0.50 warrant.