HIGHWAY 50 GOLD CORP HWY ¡– ¡TSX-‑V ¡ MARCH ¡2014 ¡ 2300 ¡-‑ ¡1177 ¡West ¡Has.ngs ¡Street ¡ ¡T: ¡ ¡(604) ¡681-‑4462 ¡E: ¡ ¡info@highway50gold.com ¡ ¡ ¡ ¡ TSX-‑V: ¡HWY ¡ ¡ Vancouver, ¡BC ¡ ¡V6E ¡2K3 ¡ ¡F: ¡ ¡(604) ¡681-‑0180 ¡W: ¡ ¡www.highway50gold.com ¡ ¡ ¡ ¡ ¡
2 ¡ Forward-Looking Statement Certain of the statements made in this presentation may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities law. These forward-looking statements or information include, but are not limited to, statements or information with respect to financial disclosure, estimates of future production, the future price of gold, estimations of mineral reserves and resources, estimates of anticipated costs and expenditures, development and production timelines and goals and strategies. We have made numerous assumptions about the forward-looking statements and information contained herein, including among other things, assumptions about the price of gold, anticipated costs and expenditures and our ability to achieve our goals. Even though management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Such risks, uncertainties and other factors include, among others, the following: gold price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements and information. Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actual results, performances, achievements or events to not be as anticipated, estimated or intended. Also many of the factors are beyond our control. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly the reader should not place undue reliance on forward-looking statements or information. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and reference is made to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada.. All forward-looking statements and information contained in this presentation are qualified by this cautionary statement. March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
3 ¡ Introduction – Management’s View • Geology of Nevada is extremely complex • There are lots of red herrings • The metal endowment is a function of this complexity • Major mineral gold districts in Nevada occur along deep seated crustal breaks • Discovery of the next major gold find in Nevada will likely come from a breakthrough in geologic understanding • We have focused on refining our exploration strategy through insights gained over 25 years • Porter Canyon and Golden Brew targets are the culmination of these insights which started from a bottom-up approach March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
4 ¡ What Events Led Us to Porter Canyon and Golden Brew • 1988 White Knight Resources Ltd., managed by the Leasks, initiated a Nevada exploration program • 1990 Placers’ Discovery of the Pipeline deposit (South Pipeline on the GAS claims, 5 million oz) • 1998 Placers’ Pediment Discovery – recognition of its significance by the White Knight team led to aggressive land acquisition in the Cortez Trend • 1998 Pediment is a lag-filled canyon shed off the Cortez Hills Deposit - 2 million oz @ 1 g/t hosted in Tertiary colluvium • Late 2002 Cortez Hills Discovery, 0.5 km north of Pediment under 200 metres of colluvial cover • 2006 Announcement of lengthy high-grade intercepts at Cortez Hills > 1000 ft-oz • 2007 Sale of White Knight to US Gold Corp. for $160 million • 2008 Pipeline and South Pipeline production reaches 11 million oz; Cortez Hills 13.4 million oz proven and provable, 4 million oz measured and indicated plus 4 million oz inferred • 2010 Former White Knight team refines exploration strategy and initiates new campaign in Nevada with Highway 50 Gold Corp. and acquires Golden Brew property • 2011 Highway 50 Gold Corp. stakes Porter Canyon property on the western edge of the Quito Structural Window. March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
5 ¡ Refined Strategy • Bottom up approach - strong structural architecture on an accretive boundary with strong cross-structure • Lower-plate structural window, preferably with a pedigree • Anchored by gold in outcrop • Thick sections of favorable host rock • Strong magmatic component, multiple age intrusive events and dikes • Under pediment – deposits likely oxidized ¡ March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡ ¡
6 ¡ Project Geologic Map • Highway 50 Gold’s Golden Brew and Porter Canyon projects sit apart from the gold deposits of the Carlin & Cortez Trends • Golden Brew and Porter Canyon may be part of a new, relatively unexplored district “ The third northwest-trending boundary is related to the western edge of the buried Precambrian continent in west-central Nevada, but lacks an associated mineral trend. ” (Grauch et al, 2003) March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
7 ¡ Gold and Structural Boundaries • In north-central Nevada, gold deposits are interpreted to be controlled by major buried regional structures acting as pathways for mineral rich hydrothermal fluids • Deep-seated density contrasts reflect persistent crustal fault zones as indicated by magnetic anomalies including the Northern Nevada Rift [NNR] and Western Nevada Rift [WNR] March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
8 ¡ Volcanic Troughs • Fault-bounded volcano-tectonic centers, the Caetano and Eastgate Troughs of Mid- Cenozoic age, are testament to a complex geological history as recently as 18 million years ago (first described by Burke & McKee, USGS, 1979) March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
9 ¡ Pipeline-Cortez-Pediment vs Porter Canyon Project • Important aspects of the geological setting in the Pipeline-Cortez-Pediment area are mirrored in the Golden Brew/Porter Canyon area • Production & reserves in the Cortez district deposits exceed 50 million oz of gold • The area at the Porter Canyon property is contiguous to the former Quito mine (176,000 oz Au) and on strike with the Northumberland mine (3.2 million oz Au) which is located 20 km to the southeast along the west central boundary March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
10 ¡ Nevada Mineral Potential • Evidenced-based targets based on prospectivity • Interestingly, Northumberland has a larger known gold endowment than the Quito area but Northumberland ranks lower in prospectivity After Milhalasky, 2001 March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
11 ¡ Cortez Area Geological Setting • The Pipeline-Cortez goldfield is controlled by intersecting deep- seated crustal faults at the eastern terminus of the Caetano Volcanic Trough and further influenced by granitic intrusives • Karst development is an important part of the history of mineralization in the Cortez area March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
12 ¡ Bedrock Geology and Interpretation • Here again, structural uplift generates two windows with gold systems at the corners of the Eastgate Volcanic Trough and accretive boundaries – controls recently recognized in the Cortez area • The key deep-seated structural mineral controls observed at Cortez are repeated within the Quito Window • All of these features have led to high exploration predictability in the Porter Canyon area to date March ¡2014 ¡ HWY ¡– ¡TSX-‑V ¡
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