Harvest Gold Corporation (HVG – TSX.V) August 30, 2006 (the “Company”) is pleased to announce that it has optioned the two claims immediately east of its Lesavage North property in the Rice Lake Gold Belt in Manitoba, Canada. The Con 1 and Con 2 claims cover an area of 121 Hectares (299 acres) and extends the Company’s property package a further 1.5 kilometers east of the existing property boundary. They appear to be along the strike direction of the mineralization tested in the summer 2006 drilling program. The drilling program on the Lesavage North property has been completed and assay results of drill core sampled are pending.

Government mineral occurrence files for the mineralization on the claims indicate that the Con 1 and Con 2 claims were first worked prior to 1936. Erratic high-grade samples were reported with values of up to 2440 g/t Au and 3940 g/t Ag concentrations. Historic drilling results have reported grades of up to 33 g/t Au over 0.5 meters. It is important to note that these historic results were reported prior to NI 43-101 and do not qualify under this policy.

Dr. George Gale, VP Exploration states “The historical gold and silver values as reported in the Government mineral occurrence files on these claims are interesting to the Company in that they seem to indicate that the mineralizing trend discovered at the Red Hill zone may extend beyond the limit of the Company’s claims in this part of the Rice Lake Gold Belt. As well, the recent opening of two gold mines by San Gold Corporation (SGR:V) and the first gold pour in Bissett last week demonstrates the potential of the Rice Lake Gold Belt and supports management’s conviction that this camp presents a tremendous opportunity to make additional discoveries.”

The gold discovered at Red Hill is associated with very fine grained pyrite and arsenopyrite within a zone of ankerite (iron-magnesium carbonate) and silica alteration, which is found in association with many Red Lake gold deposits. Other occurrences of the same type of alteration are located within a large fold structure and in a regional shear zone that cuts through the property and continues eastward through the Con claims. This shear zone is part of a major crustal break that extends eastwards through the world-class Red Lake Gold Camp in Ontario.

The Company has posted a series of pictures taken during the drill program which are available on the Company website at www.harvestgoldcorp.com/investors.html

The Con I and Con 2 claims and the Garner 2 claims, all in the Rice Lake Gold Belt in Manitoba, encompass the land position optioned by the Company from Peter C. Dunlop pursuant to an option agreement dated August 12, 2006. The Company may earn an initial 80% of the properties by paying $57,000 in cash to the vendor, issuing 320,000 shares and expending a minimum of $300,000 on exploration activity over the next four years. The option agreement is subject to acceptance by the TSX Venture Exchange.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring a large generative gold property at Garcia Flats in the South Carlin Trend and an advanced property with a gold-silver resource at the Longstreet Mine, in Northern Nye County. In Manitoba, Harvest is exploring three groups of claims in the Rice Lake Gold Belt of south eastern Manitoba and at Assean Lake, Manitoba.

The contents of this press release have been reviewed by the Company's VP Exploration, Dr. George Gale, who is a Qualified Person as defined by NI 43-101.

On behalf of the Board of Directors,

John Roozendaal, B.Sc.
President,
Harvest Gold Corporation

For more information about Harvest Gold Corporation, please review the company’s

web site www.Harvestgoldcorp.com  or speak with a Company representative at

1-866-816-0118 or 604-986-2020.
 

The TSX Venture Exchange does not accept responsibility for the

adequacy or accuracy of this News Release