HVV Highvista Gold Inc

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


Highvista Gold Inc. ("Highvista" or the "Company") (TSX VENTURE:HVV) is pleased
to report that it closed a private placement financing for gross proceeds of
$746,000 through the issuance of 3,820,000 units of the Company at a price of
$0.20 per unit. Each unit consists of one common share of the Company and one
common share purchase warrant entitling the holder to purchase one common share
at an exercise price of $0.25 per share until January 25, 2015. In connection
with the private placement, the Company paid a cash commission of $20,000 and
issued non-transferable compensation warrants entitling the holder to subscribe
for an aggregate of 100,000 common shares at a price of $0.20 per share until
January 25, 2015. The securities comprising the units and underlying the broker
warrants are subject to a statutory hold period that will expire on May 26,
2013.


The Company plans to use the net proceeds from the private placement to fund
exploration of the Company's properties, for administrative expenses and
unallocated working capital. 


In a separate transaction, the Company also amended the terms of its outstanding
promissory note originally issued on April 23, 2012 in the principal amount of
$800,000. The amended and restated note is in the principal amount of $708,196,
extends the maturity date to April 30, 2014 and was amended to grant a general
security interest to the lender over the personal property and assets of the
Company. The lender also purchased 2,500,000 units for an aggregate purchase
price of $500,000 pursuant to the aforementioned private placement. The lender
is a "related party" of the Company for purposes of Multilateral Instrument
61-101. The transactions with the lender are exempt from formal valuation and
minority approval requirements under MI 61-101 and were approved by the
directors of the Company who are unrelated to the lender, with the conflicted
directors abstaining as required by the Business Corporations Act (Ontario).


About Highvista

Highvista owns 100% of a Mexican subsidiary that controls the 24,215 hectare
Canasta Dorada Gold Project. This project is located in the Sonoran Gold Belt
immediately adjacent to AuRico Gold's El Chanate Mine.


Details of Highvista's Canasta Dorada Project can be viewed at the Company's
website at www.highvistagold.com. 


Reader Advisory

Certain statements in this press release constitute "forward-looking
statements". These forward-looking statements include, but are not limited to,
statements regarding the use of proceeds from the private placement.
Forward-looking statements express, as at the date of this press release, the
Company's plans, estimates, forecasts, projections, expectations, or beliefs as
to future events or results. Forward-looking statements are based on certain
assumptions, including the key assumptions and parameters on which such
estimates are based, involve risks and uncertainties and there can be no
assurance that such statements will prove to be accurate. Therefore, actual
results and future events could differ materially from those anticipated in such
statements. 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, the effect of capital market conditions and
other factors on capital availability, and changes in project parameters as
exploration results are obtained and 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. Readers are cautioned not to place undue reliance on the
forward-looking statements contained in this press release. Except as required
by law, Highvista assumes no obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or any other
reason.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Highvista Gold Inc.
Richard Adams
President and CEO
(416) 504-3588
(416) 504-4129 (FAX)

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