Vancouver, BC, January 30, 2009 – Harvest Gold Corporation (HVG-TSX:V) (the “Company”) has received regulatory approval to settle indebtedness totaling $45,911, accrued during the three months of October, November and December, 2008, owing to certain directors, officers, employees and consultants of the Company. The debt was settled by the issuance of 918,220 common shares of the Company, with a deemed value of $0.05 per share. The indebtedness includes monies owing for consulting services.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring the 100% optioned Rosebud Mine property, a 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. In Manitoba, Harvest is exploring three groups of claims in the Rice Lake Gold Belt of south eastern Manitoba and at Assean Lake, Manitoba.

On behalf of the Board of Directors,

Richard Mark
Chairman and CEO
Harvest Gold Corporation
 

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