Harvest Gold Corporation (HVG – TSX.V) August 10, 2006 (the “Company”) is pleased to announce that its summer 2006 diamond drilling program on the Lesavage North Property, in the Rice Lake Gold Belt, Manitoba is now complete. A total of 1402 meters of diamond drilling were completed in 6 drill holes testing the strike extent of the Red Hill gold zone. The drill plan was designed to test for gold mineralization a further 400m to the east of the October 2005 discovery drill hole (DH HG-05-01) and approximately 65 meters beneath the mineralization discovered at that time. The drill plan was also designed to test a broad IP geophysical anomaly coincident with earlier discovered trace element geochemical anomalies that overly the gold zone.

The drill holes were positioned 100m apart and dipping -45 degrees and ranged from 177 m to 311 m in length. The drill core is now being logged and samples are being cut and shipped to TSL Laboratories in Saskatoon, Saskatchewan for analysis. The Company’s first drill program on the property, in October 2005, tested targets at the west end of the anomaly. It resulted in the discovery of the Red Hill gold zone and reported up to 7.5 g/t Au over 2 metres in hole L-05-01 and multiple lower grades intervals of 3.4 g/t gold or less in adjacent holes. (See January 18, 2006 Press release)

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 gold deposits. Other occurrences of the same type of alteration are located in a large fold structure and in a regional shear zone crossing through the property. This shear zone is part of a major crustal break that extends east through the world-class Red Lake Gold Camp in Ontario 80 km to the east.

In addition to the drilling, the Company completed a field program over the Red Hill zone extending the surveys approximately 1.5 km to the east. The program included 20 line kilometers of new grid lines, 16 line kilometers of IP geophysics and the collection of approximately 300 geochemical samples. This work has led the exploration team into a second area where the IP geophysical survey has identified several strong anomalies. Geochemical samples have been taken over the new anomalies and these samples will be used to prioritize targets for further drill testing.

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

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 website www.harvestgoldcorp.com or speak with a Company representative at 1-866-816-0118 or 604-986-2020.

The TSX Venture Exchange has not reviewed this press release and does not
accept responsibility for the adequacy or accuracy of this release.