Highvista Gold Inc. Files Third Quarter 2011 Financial Statements

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) reports
that it has released its unaudited condensed interim consolidated financial
statements for the three and nine months ended December 31, 2011 and the related
management's discussion and analysis of financial position and results of
operations ("MD&A").


As at December 31, 2011, the Company had cash of $2,442,687 and working capital
of $1,565,201.


The Company intends to commence a second phase drill program at its Canasta
Dorada Gold Project during the second quarter of 2012, drilling four priority
targets; Republicana, Big Pit, Las Quintas and Chanate North.


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

Statements in this press release may contain forward-looking information
including, but not limited to, statements with respect to the Company's proposed
drill programs. In addition, information concerning the interpretation of drill
results may also be considered forward-looking statements as such information
constitutes a prediction of what mineralization might be found to be present if
and when a project is actually developed. Any statements that are contained in
this press release that are not statements of historical fact may be deemed to
be forward looking statements. The reader is cautioned that assumptions used in
the preparation of any forward-looking information may prove to be incorrect,
including but not limited to, the ability of the Corporation to raise sufficient
capital to pay the exploration and development costs on the properties, the
availability of skilled labour, availability of equipment, and future capital
and operating costs. Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the Company. Factors that could cause actual results to differ materially from
any forward-looking information include, but are not limited to, the risks of
capital and operating costs varying significantly from estimates, delays in
obtaining or failures to obtain required governmental, environmental or other
project approvals, inflation, commodity price and exchange rate fluctuations,
the uncertainty of estimates and projections relating to production, health,
safety and environmental risks, delays in the development of projects,
uncertainties relating to the interpretation of the geology, unanticipated
operational or technical difficulties and other factors. The reader is cautioned
not to place undue reliance on any forward-looking information. Such
information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially
from those anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.


The forward-looking statements contained in this press release are made as of
the date of this press release, and the Company does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as expressly required by securities law.