Harvest Gold Corporation
(HVG – TSX.V) September 27, 2007 (the “Company”) is pleased to announce
it has
entered into an option agreement dated June 8, 2007 (the “Property
Option
Agreement”) with William Kuran (the “Optionor”) concerning the
acquisition of
all of the Optionor’s right, title and interest (the “Interest”) in and
to
certain mineral claims located in the Province of Manitoba and referred
to as
the Vena Mining Claims. Pursuant to the terms and conditions set forth
in the
Property Option Agreement, the Company will pay $12,500 and issue an
aggregate
of 150,000 common shares in the capital stock of the Company to the
Optionor by
June 10, 2009. The Company will be required to complete the minimum
annual
exploration work expenditures in order to maintain the property in good
standing. The Property Option Agreement is subject to approval by the
TSX
Venture Exchange.
This property (the
Vena
Property) consists of the Vena and Cliff mining claims that are
contiguous to
the claims that comprise the Company’s Lesavage South property where the
Company
has been undertaking geological mapping and sampling this summer. The
geological setting and structures on both properties are similar. There
are a
number of gold occurrences on other properties adjacent to the Lesavage
North
and Vena properties
The Company shall
have the
right to repurchase up to one half of the Net Smelter Royalty (“NSR”)
(being 2%
of Net Smelter Returns) for a purchase price of $1,000,000.
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.
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 |
The TSX Venture Exchange
does not
accept responsibility for the
adequacy or accuracy of
this News
Release.
|