News-Release

Harvest Gold Corporation, New Listing, Financing Completed

12/12/2005


Vancouver, British Columbia, Canada. December 12, 2005. Harvest Gold Corporation (HVG - TSX-V) (the “Corporation”) is pleased to announce that effective at the opening on December 13, 2005 the Corporation’s common shares will commence trading on the TSX Venture Exchange under the symbol “HVG”. The Corporation’s transfer agent is Pacific Corporate Trust Company and its CUSIP number is 417532108.

The Corporation was originally a wholly-owned subsidiary of Rare Earth Metals Corp. (REM: TSXV) and was spun off as a separate company holding the gold properties of REM, all as set out in a detailed Information Circular, describing the Plan of Arrangement, dated September 13, 2005 for REM.

The Corporation has also completed a brokered private placement in conjunction with the listing. The Corporation raised $658,500 by the issuance of 6,585,000 units (“Units”) of the Corporation at a price of $0.10 per Unit (the “Offering”), each Unit consisting of one common share (“Share”) and one share purchase warrant (“Warrant”). Each Warrant is exercisable for the purchase of one common share (“Warrant Share”) for a period of two years expiring December 1, 2007 at a price of $0.20 per share subject to a written expiry notice from the Corporation triggered by the Corporation’s common shares trading on the TSX Venture Exchange at or above a weighted average trading price of $0.35 for 20 consecutive days and, upon such written notice by the Corporation, the warrants will expire 30 days from the date of such notice. Bolder Capital Partners Limited acted as Agent in connection with the Offering. They received an 8% cash commission and 412,500 Broker warrants exercisable at a price of $0.20 per share expiring December 1, 2007. All securities issued are subject to a four month hold period expiring April 2, 2006.


Proceeds of the financing will be used to fund the recommended work program on the Corporation’s Longstreet Gold-Silver Mine Project in Nye County, Nevada and for general working capital purposes.

The Corporation is authorized to issue an unlimited number of common shares with no par value. A total of 593,331 common shares were placed in escrow in accordance with the policies of the Exchange. The total number of issued and outstanding common shares following completion of the Offering is 16,420,565.

The current directors and officers of the Company are John Roozendaal, President & Director, Richard Mark, CEO, Chairman & Director, Evan Sleeman, CFO & Director, George Gale, VP Exploration & Director, Jay Butterworth, Director and Michael Hitch, Director.

Harvest Gold Corporation is a mineral exploration company focused on the acquisition and development of gold and gold-silver exploration opportunities in Canada and the United States. Presently the Corporation has option agreements on the Longstreet Mine Gold/Silver Property in Nye County, Nevada, USA and two Gold Properties in the Rice Lake Gold Belt near Bissett, Manitoba. It also has a 40% interest in the Assean Lake Gold Property, operated by JV partner Canadian Goldhunter (CGH-T).

For more information call (604)986-2020 or toll free 1-866-816-0118, or visit www.harvestgoldcorp.com.

On Behalf of the Board of Directors,
Harvest Gold Corporation

John Roozendaal
President & Director


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release