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HARVEST GOLD CORPORATION
ANNOUNCES THE CLOSING OF A UNIT FINANCING
May 2, 2007
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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