Vancouver, British Columbia, Canada. May 2, 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 March 15. The Company has raised an aggregate total of $300,000 through the issuance of 2,000,000 units at a price of $0.15 per unit. Each unit consists of one common share and one-half 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 $0.20 at any time prior to April 30, 2008. All securities are subject to a four month hold period expiring August 1, 2007.
Proceeds from this financing will be used to accelerate the Company’s Rosebud Mine project in Nevada.
Harvest Gold’s Rosebud Mine Project covers the Rosebud Mine property and 54 claims covering approximately 1,115 acres. The property package is in northwest Nevada approximately five miles to the south of the Hycroft mine which produced more than 1,000,000 oz of gold and 2,000,000 oz of silver.
Please visit www.harvestgoldcorp.com to learn more about Rosebud and the Company’s other gold and gold / silver projects.
Harvest Gold Corporation is a gold focused 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, an advanced property with a gold-silver resource at the Longstreet Mine, in Northern Nye County, and the Rosebud Mine Project, a past producing mine in northwest Nevada. Harvest is also exploring claims in Manitoba, Canada at 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 further information contact Keith Patey, Director of Communications of Harvest Gold Corp. at
604-986-2020 or visit the Company's website at www.harvestgoldcorp.com
ON BEHALF OF THE BOARD
Rick Mark
CEO & Chairman
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this News Release.
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