High Desert Gold Corporation Files Second Quarter 2008 Financial Statements

VANCOUVER, BRITISH COLUMBIA, August 11 / MARKET WIRE/ -- High Desert Gold Corporation ("HDG" or the "Company") (TSX: HDG)(TSX: HDG.WT) reports that it has released its unaudited consolidated financial statements for the six months ended June 30, 2008 and the related management's discussion and analysis of financial position and results of operations ("MD&A"). In October 2007, the Company completed its IPO for net proceeds of US$15.3 million and at June 30, 2008, the Company had cash and cash equivalents of US$11.6 million and working capital of US$11.5 million. With this funding in place, the Company is in a strong financial position to pursue its current exploration and property acquisition strategy. The Company's business objectives are to aggressively drill and explore its Canasta Dorada and Gold Lake properties so that... [read full story]