Highvista Gold Inc. 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.