News-Release

Harvest Gold Increases Financing to $375,000

12/24/2007

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Harvest Gold Corporation (HVG – TSX.V) December 24, 2007 (the “Company”) is pleased to announce that due to strong response from investors, the Company has further increased its non-brokered private placement financing to $375,000 from $300,000 as set out in the Harvest Gold news releases dated December 18 and December 21, 2007. The amended financing will be completed through the issuance of up to 1,500,000 units at a price per unit of $0.25 for gross proceeds of $375,000. Each unit will consist of one flow through common share and one share purchase warrant. Each warrant will be exercisable into one common share for a period of one year from the closing of the placement at an exercise price of $0.35 per share. The financing is subject to regulatory approval.

The gross proceeds from the offering will be used to finance exploration activities in Manitoba, Canada.  


About Harvest Gold Corp.

Harvest Gold Corporation is a gold focused exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring the Rosebud Mine Project, a past producing mine in northwest Nevada, 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. Harvest is also exploring claims in Manitoba, Canada at the Rice Lake Gold Belt, and is Joint Ventured with Canadian Gold Hunter Corp (CGH.TSX) at the Assean Lake Gold Project.

ON BEHALF OF THE BOARD OF DIRECTORS

 

Rick Mark
CEO & Chairman
 

For More Information please contact :

Keith Patey

Director of Communications
Telephone: (604) 986-2020
Toll Free: 1-866-816-0118

 

Dan Boase, First Canadian Capital Corp.

dboase@firstcanadiancapital.com

Telephone: (416) 742-5600 ext. 232

Toll Free: 1-866-580-8891


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adequacy or accuracy of this News Release.