News-Release

Harvest Gold Corporation Announces Financing

03/17/2006


Vancouver, British Columbia, Canada.  March 17, 2006.  Harvest Gold Corporation (HVG - TSX-V) (the “Company”) has arranged, on a non-brokered basis, to raise up to $330,000 by the issuance of 2,200,000 units at a price of $0.15 per unit, each unit consisting of one common share and one share purchase warrant.  Each warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.22 for a period of one year from closing.  Finders’ fees of up to 10% in cash or shares, or a combination of both, may be paid in conjunction with this placement and in accordance with the TSX Venture policies. 

 

Proceeds from this financing will be used for exploration activities on the Company’s Rice Lake Gold Belt properties in Manitoba and to investigate additional gold opportunities in Nevada, USA.  This financing is subject to regulatory approval.

 

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

 

Richard Mark

CEO & Director

 

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