Harte Gold Corp.
TSX VENTURE : HRT
FRANKFURT : H4O

Harte Gold Corp.

March 08, 2010 08:30 ET

Harte Signs Letter Agreement With Corona for Option to Purchase Sugar Zone Property

TORONTO, ONTARIO--(Marketwire - March 8, 2010) - HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) is pleased to announce that Harte has signed a Letter Agreement the ("Agreement") which provides Harte with the Option to acquire Corona's 51% interest in the Sugar Zone Property ("Sugar Zone") to hold an undivided 100% interest. Harte will assume the role of Operator of the project during the term of the Option.

The Sugar Zone is located 60 kilometres east of the Hemlo Gold Camp and includes an NI 43-101 compliant inferred resource of 904,400 tonnes grading 9.75 g/t Au for 284,000 ounces of contained gold. As Operator, Harte intends to accelerate the pace of exploration at Sugar Zone.

Terms of the Agreement provide for:

1) an initial payment of $10,000 and the issuance of that number of common shares equal to 9.9% of the issued and outstanding common shares of Harte as at the date of the Letter Agreement and after giving effect to the issuance of such shares.

2) A $2 million cash payment on the execution of a Comprehensive Agreement, which is to be completed no more than ninety (90) days from the date of the Letter Agreement, together with the issuance of such additional number of common shares as will result in Corona holding 9.9% of the issued and outstanding common shares of Harte as at the date of the Comprehensive Agreement and after giving effect to the issuance of such shares.

3) A $90,000 cash payment on or before each sixth month anniversary of the Comprehensive Agreement until payment of $2,500,000 on or before the second anniversary of the Comprehensive Agreement or $3,000,000 on or before the third anniversary of the Comprehensive Agreement.

Stephen Roman, President of Harte commented: "The acquisition of the balance of the Sugar Zone represents a significant milestone for Harte. We are confident that an accelerated pace of exploration will enable us to expand the known resource, define new areas of mineralization and enhance shareholder value".

The Letter Agreement and the issuance of the Initial shares thereunder are subject to the prior approval by the TSX Venture Exchange.

About Harte Gold Corp.
Harte Gold Corp. is a Canadian gold exploration company with interests in the Sugar Zone and Stoughton-Abitibi properties located in Ontario, Canada. The Sugar Zone Property is located 60 kilometres east of the Hemlo Gold Camp and holds an NI 43-101 compliant inferred resource of 904,400 tonnes grading 9.75 g/t Au for 284,000 ounces of contained gold. Corona Gold Corporation is a 51% partner on the Sugar Zone and is the project operator. The Stoughton-Abitibi property is located on and adjacent to the Destor-Porcupine Fault Zone in close proximity to the 2.5 million ounce Holloway-Holt Gold Mine in the Timmins Porcupine gold camp. George Flach P.Geo, Vice-President of Exploration for Harte Gold Corp. is the qualified person as defined by National Instrument 43-101 and reviewed the technical information contained herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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