Vancouver, British Columbia, Canada. January 4, 2008. 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 18, 2007. The Company has raised an aggregate total of $375,000 through the issuance of 1,500,000 flow-through common shares. Each unit was sold at a price of 25 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 35 cents at any time prior to December 31, 2008. All securities are subject to a four month hold period which expires May 1, 2008.

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

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 near Bissett and 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
 

For More Information please contact :

The TSX Venture Exchange does not accept responsibility for the

adequacy or accuracy of this News Release.