NOT FOR DISSEMINATION IN THE USA

Harvest Gold Corporation (HVG – TSX.V) December 23, 2010 (the “Company”) is arranging a non-brokered private placement of up to 12,000,000 units at a price of $0.10 per unit for gross proceeds of up to $1,200,000. Each unit will be comprised of one common share in the capital of the Company and one-half of one share purchase warrant (a “Warrant”). Each whole Warrant is exercisable to purchase one additional common share over a one-year period at a price of $0.15 per share.

Finders’ fees may be payable in connection with the private placement in accordance with the policies of the TSX Venture Exchange.  Proceeds of the private placement will be used to execute the phase two drill program at the Rosebud Mine property in Nevada, USA, commission a 43-101 resource estimate for Rosebud, expand the Company’s property portfolio, and for general working capital.

The financing remains subject to acceptance by the TSX Venture Exchange.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company has 100% of the Rosebud Mine property, and generative gold properties at Garcia Flats in the South Carlin Trend, and the RW claims in the Battle Mountain Eureka Trend. 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,

John Roozendaal
President
Harvest Gold Corporation