Harvest Gold Corporation (HVG – TSX.V) February 21, 2007 (the “Company”) is pleased to report that it has received the first assay results from 1,872 meters drilled over 12 holes on the Rocky Ridge gold property in the Lac du Bonnet Mining District in Manitoba, and that the 2006 drilling program is now complete. Initial assay results demonstrate favorable intercepts at depths of less than 350 feet and help the Company test the extent of known gold zones and wall rock mineralization.

The 2006 drill program was designed to test 3 zones of mineralization identified in historical assessment file reports for the property, the “A” zone, “East” zone and the “B” zone. The “A” zone was tested for a strike of 200m with 8 holes (RR-06-01 to 07 plus 12), The East zone, located 500m east of the “A” zone was tested over a 150m strike by three holes (RR-06-08 to 10) and the “B” zone, located 450 west of the “A” zone was tested by a single hole (RR-06-11).

The early results from holes drilled on the “A” zone identify anomalous gold over variable widths and associated with disseminated and fracture controlled pyrite, hosted in granodiorite.

Results from holes RR-06-01, RR-06-02, RR-06-03, RR-06-05 and RR-06-06 have been received and the highest anomalies are as follows.

Drill Hole Grid Location Az Dip From To Interval Grade
 

All samples were shipped to TSL Laboratories in Saskatoon Saskatchewan where they were prepped and assayed. As preparation for assaying samples were crushed in oscillating jaw crushers to 70% passing 10 mesh (1.70mm). Samples are riffle split; a 250g sub sample is pulverized, the remaining is stored as reject. Samples were assayed by Atomic Absorption Spectrometry and samples over 1000 ppb analyzed by Fire Assay/Gravimetric method.

The drilling program was carried out under the supervision of Dr. George Gale, Vice President Exploration of Harvest Gold Corp, a “Qualified Person” as defined by National Instrument 43-101. The initial assay results and contents of this press release have been reviewed by Grandview’s President and CEO Paul Sarjeant, B.Sc.,P.Geo., also a Qualified Person as defined by NI 43-101.

The remaining drill results will be released upon receipt and analysis of the data, all of which will be used to refine geological, geophysical and geochemical exploration programs moving forward.


The Rocky Ridge gold property is located 170 km by all-weather-access road from Manitoba’s capital city of Winnipeg, and covers an 11.2 square km area over a seven km strike length of the East Peterson Creek Deformation Zone (“EPCDZ”).

Gold mineralization was first discovered on the property in 1993. Initial prospecting and sampling returned gold values up to 140.6 g/tonne gold (4.1 oz/ton) from grab samples and two consecutive 1 meter chip samples that assayed 53.1 g/tonne and 53.1 g/tonne respectively (1.55 oz/ton and 1.56 oz/ton). The exploration program continued with magnetic-VLF geophysical surveying and mapping, and concluded with a moderate drill program involving 615.49 feet over four holes testing the “A” showing. Two diamond drill hole intercepts into one deformation zone reported 0.7m of 11 g/tonne gold (2.3 feet of 0.325 oz/ton) and 1.2 m of 8.91 g/tonne (4 feet of 0.26 oz/ton) gold in archived assessment file reports. Geological mapping has identified 3 distinct northeast and southeast trending gold bearing structures that intersect at the “A” showing. The structures vary from 25 to 100 meters in width and are intensely sheared and silicified. All historic data was gathered from a 1997 assessment report titled “A Summary Report on the Rock Ridge Property, Cat Lake – Bernic Lake Area, Lac Du Bonnet Mining Division, Manitoba on behalf of Cordal Resources Ltd by R.A. Bernatchez, P.Eng, October 5th, 1997”. All of this work was completed prior to implementation of National Instrument 43-101 reporting standards and has not been verified by a qualified person and should not be relied upon.

During a visit to the Rock Ridge property in 2006, Dr. George Gale, Vice President Exploration of Harvest Gold Corp, and former head of the Mineral Deposits Section at the Manitoba Geological Survey (1977-2005) recognized some previously unrecognized and potentially key attributes for understanding gold mineralization on the property. These features include structural controls mentioned in earlier reports and an association between the higher grade mineralization and large areas of hematite altered intrusion. The hematite altered intrusion presents the possibility of a previously unrecognized large tonnage gold system (porphyry-type) though further field work is required before confirming this potential.

Grandview hopes to explore and develop the Rocky Ridge gold property sufficiently to demonstrate a large tonnage gold system of sufficient caliber to attract a mid to senior resource company. It is widely understood that Manitoba and Ontario, while divided by provincial boundary, share gold belts of common geology, rock types and crustal faults.

The property is being explored jointly under an option agreement with Harvest Gold Corporation (HVG-TSX.V). Under the terms of the agreement, Grandview has an option to earn an undivided 70 per-cent interest in the Rocky Ridge property by incurring $600,000 (CAD) in resource exploration and development expenditures, $85,000 (CAD) in payments, and issuing 225,000 Grandview shares, over a two-year period.

For further information contact Rick Mark, CEO & Chairman of Harvest Gold Corp. at 604-986-2020 or visit the Company's website at www.harvestgoldcorp.com

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
CEO &Chairman
February 21, 2007
 

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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