News-Release

Harvest Gold Announces Summer Drill Results and Options Conley Estate Claims in the Rice Lake Gold Belt, Manitoba

10/05/2006


Harvest Gold Corporation (HVG – TSX.V) October 5, 2006 (the “Company”) is pleased to report the results of its summer 2006 drill program on the Lesavage North Property in the Rice Lake Gold Belt, Manitoba. A total of 1402 meters of diamond drilling were completed in 6 drill holes testing the eastern strike extent of the Red Hill gold zone. The program was designed to test for gold mineralization up to 400 meters east of the October 2005 discovery drill hole L 05-01 and approximately 65 meters beneath the previously intersected mineralization. Anomalous gold mineralization was intercepted in five of the six holes. Anomalous intercepts include:

Drill Hole # From To Interval Grade
L 06-02 220.3m 228.0m 7.7m 0.77 g/t Au
L 06-03 228.0m 231.9m 3.9m 0.36 g/t Au
L 06-03 233.15m 240.0m 6.9m 0.65 g/t Au
L 06-04 122.0m 123.75m 1.75m 0.30 g/t Au
L 06-04 150.0m 151.9m 1.8m 0.32 g/t Au
L 06-05 65.0m 67.6m 2.6m 0.81 g/t Au
L 06-06 78.0m 79.0m 1.0m 1.27 g/t Au
L 06-06 102.0m 104.0m 2.0m 1.25 g/t Au
L 06-06 124.55m 125.25m 0.7m 2.26 g/t Au


Click Here to See 2006 Drill Pattern


Drill core was cut in half and one half shipped to TSL Laboratories in Saskatoon, Saskatchewan for preparation and IPC-MS analysis. The other half of the core is stored in Bissett, Manitoba.


The mineralization intersected in October 2005 and July 2006 occurs within a zone of intense alteration that contains disseminated sulphide (1 to 30% pyrite ± pyrrhotite). However, one exception is the auriferous section encountered over the bottom 6.9 meters of hole L-06-03 which occurs in a carbonate altered shear. This section, which ended this easternmost hole of the drill pattern, indicates the presence of a second mineralized zone that appears to be separate to the original mineralization.
Dr. George Gale, P. Eng., Vice President of Exploration, says “This drill program has proven conclusively that the Red Hill zone occurs within a large zone of alteration and is part of a larger zone of gold mineralization. There is alteration and mineralization now intercepted over a strike distance of 800 meters. With the newly discovered intercept at the very bottom of DH 06-03, we have discovered a second and distinct mode of gold occurrence and, we believe, the mineralization to be open to the east and to depth. We will now get the geological and geochemical data into GIS format and create longitudinal and cross sections to identify controls on the mineralization and structures. As well, we have yet to evaluate the 1 km of stratigraphy and structure between the Red Hill zone and the next zone to the west and the next 3 kilometers to the east between Red Hill and the recently optioned Con I and 2 claims where high-grade gold grab samples are reported in government mineral occurrence files.”
 

Analytical data from a MMI survey conducted during summer 2006 indicate that there are a number of other untested zones with anomalous gold along strike to the east, both within the Red Hill strata and within the regional shear zone.
Crews are presently in the field collecting soil samples in geologically favourable parts of the Lesavage North property. They are attempting to provide complete geochemical coverage between Red Hill and the extensive alteration at the Conley shaft on the Con claims some 3.3 km to the East. The crew will also obtain geochemical data for most of the untested, historical geophysical anomalies before the end of October when the first snow is expected.
 

Conley Estate Claims
 

The Company continues to build its land position in this geologically complex area of the Rice Lake Gold Belt. A letter of intent has been signed to option eight claims, held for over thirty years by Bill Conley, from the trustees of his estate. These new claims, which have a number of known gold occurrences, together with the two Con claims recently optioned from Peter Dunlop, give the Company control over a large portion of the important Balmer equivalent stratigraphy (a Red Lake analogue) and regional structures in this area. This contiguous property package is over 30 square km and covers favourable rocks including major fold structures and the shear that continues some 80 km eastwards, to and beyond the Red Lake Gold camp.


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, P. Eng., 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

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