News-Release

Harvest Gold Corporation Announces the Closing of a Flow Through Financing

01/08/2007


Vancouver, British Columbia, Canada. January 8, 2007. Harvest Gold Corporation (HVG - TSX-V) (the “Company”) is pleased to announce that it has closed the non-brokered private placement previously announced on December 22, 2006. The Company has raised an aggregate total of $106,200 through the issuance of 590,000 flow-through common shares. Each unit was sold at a price of 18 cents per common share. Each unit consists of one share purchase warrant, with each whole warrant entitling the holder thereof to purchase one common share of the Company at a price of 24 cents at any time prior to January 4, 2008. All securities are subject to a four month hold period and will expire May 4, 2007.

Proceeds from this financing will be used for exploration activities on the Company’s Manitoba Gold exploration properties in the Rice Lake Gold Belt near Bissett,: the Rocky Ridge claim group near Lac du Bonnet, and at Assean Lake. The financing is subject to acceptance by the TSX Venture Exchange.

Harvest Gold Corporation is an 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 southern extension of the Carlin Trend, an advanced property with a gold-silver resource at the Longstreet Mine in Northern Nye County, and the Rosebud Mine property in Pershing County. In Manitoba, Harvest is exploring claims in the Rice Lake Gold Belt, the Rocky Ridge Gold property in the Lac du Bonnet mining district, and is Joint Ventured with Canadian Gold Hunter Corp (CGH.TSX) at the Assean Lake Gold Project.

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
Chairman & CEO
 


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