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January 29, 2010

High Desert Gold Corporation Completes Final Tranche of Previously Announced Financing Bringing Total Proceeds to $1,325,400

Gold Price

High Desert Gold Corporation is focused on the discovery and development of high grade precious metal deposits

Increase shareholder value through the discovery and development of high-grade precious metal deposits with, or without partners.

●   Material properties located in known mineral trends
●   Exploration efforts have attracted quality partners
●   Experienced Management Team
●   Proven track record of success

Gold Springs - Nevada/Utah

The Gold Springs 60/40 JV is a volcanic hosted epithermal gold target within the prolific Great Basin Province form which ~6 million ounces of gold and ~8 million ounces of silver are produced annually.

● Eight high priority targets containing rock chip samples of +1 gpt Au have been identified thus far
● Two targets have seen limited drilling in the past. The drilling produced significant drill intercepts containing gold and silver.
● Selected drill results

● 30.5 m @ 2.03 gpt Au and 12.3 gpt Ag
● 57.9 m @ 1.28 gpt Au and 13.9 gpt Ag
● 56.4 m @ 1.27 gpt Au and 12.7 gpt Ag
● 74.6 m @ 0.80 gpt Au and 15.4 gpt Ag

Canasta Dorada - Sonora, Mexico

● Gold - widespread disseminated plus one gpt gold at surface.
● Large land position within the middle of the Sonoran Gold Belt - 448 sq. km
● Similarities to Newmont/Penoles La Herradura Gold Deposit - 6 million oz
● First Phase Drilling Completed with successful results
● The average mineralized width and gold grade from drill holes in the Big Pit Area is 15.5 metres @ 0.7 g/t (0.0225 oz/t).

Example of drill intercepts:

Drill Hole	From (m)	To (m)	Thickness (m)	Gold Grade (g/t)
CD-001	0	17	17	0.473
	6			2.128
CD-008	11	38	27	0.552

CD-010	12	43	31	0.399

CD-011	0	9	9	0.813
CD-01	0	8	8	0.658
CD-013	2.3	22	17.7	0.449

CD-013A	0	25.5	25.5	1.07

CD-014	0	10	10	1.686

Artillery Peak - Arizona, USA

● Bonanza grade gold system
● Two well defined vein corridors which intersect on the property
● Average of all rock chip samples taken to date (254) is 6.69 g/t Gold
● Soil samples define an open ended anomaly 700 meters along strike with widths varying from 100 to 350 meters.
● Numerous rock chip samples with grades of + 1 oz/t with a high of 3.9 oz/t Vein swarms dip with hillside and represent a bulk mineable target
● Drill targets defined

Gold Lake � New Mexico, USA

● Copper-Molybdenum-Gold porphyry system defined
● 10 km south-southeast of the Tyrone porphyry copper deposit
● Large surface geochemical anomaly of copper and gold
● First phase of drilling completed with positive results of both copper and molybdenum
● 250 meter drill intercept with 0.03% Mo
● 42.5 meter drill intercept with 0.42% Cu and 0.104 g/t Au

Important Information Regarding Forward-looking Statements

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,� �intends,� �anticipates,� �should,� �estimates,� �expects,� �believes,� �indicates,� �targeting,� �suggests,� �potential,� and similar expressions. 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. 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.