Passport Management, LLC reports its reduction in control to 0.00% of the
securities of High Desert Gold Corporation

SAN FRANCISCO, Oct. 22 /CNW/ - PASSPORT MANAGEMENT, LLC ("Passport") announced today that it has filed an early warning report with the Canadian securities regulatory authorities concerning the expiration of all warrants previously held and its current control over 0 common share purchase warrants of High Desert Gold Corporation ("High Desert") (TSX: HDG). Passport is an investment manager with full investment discretion with regards to various investment funds, including Passport Materials Master Fund, LP ("Materials").

Passport acquired the previously held common share purchase warrants of High Desert on behalf of Materials for passive investment purposes and not with a view to influencing management or the direction of the company. Materials as controlled by Passport may, as investment conditions warrant, acquire further common shares and warrants or dispose of their future respective holdings of common shares and warrants of High Desert.

Passport Management, LLC is located at 30 Hotaling Place, Ste. 300, San Francisco, CA 94111.

SOURCE PASSPORT MANAGEMENT, LLC

For further information: For further information: Joanne Cormican at (415) 321-4618 or joanne@passportcapital.com

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PASSPORT MANAGEMENT, LLC

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