Harte Gold Corp.

Harte Gold Corp.

June 11, 2010 08:00 ET

Harte Announces $1,394,500 Final Closing Under Private Placement

TORONTO, ONTARIO--(Marketwire - June 11, 2010) - HARTE GOLD CORP. (TSX VENTURE:HRT)(FRANKFURT:H4O) is pleased to announce that it has raised gross proceeds of $1,394,500 pursuant to the final closing of a non-brokered private placement of up to 8,000,000 flow-through common shares priced at $0.125 and 45,000,000 Units priced at $0.10 announced May 27, 2010.

Harte issued 8,000,000 flow-through common shares at $0.125 and, 3,945,000 Units at $0.10 per Unit. Each Unit consists of one common share and one-half common share purchase warrant. Each full warrant is exercisable at $0.15 until the expiry date of December 9, 2011.

Finders fees payable in connection with the final closing consist of a cash payment equal to 8% of cash raised and that number of common share purchase warrants equal to 8% of the Units and flow-through common shares issued in connection with certain of the placements, for a total of $92,840 and 588,400 Finders warrants. 359,600 Finders warrants are exercisable into common shares on payment of $0.10 per common share and 222,800 Finders warrants are exercisable into common shares on payment of $0.125 per common share; expiry date of Finders warrants issued pursuant to the final closing is December 9, 2011. Securities issued under the final closing are subject to a hold period ending October 11, 2010.

Harte raised total gross proceeds of $5,274,200 under the two closings which amount will allow Harte to aggressively pursue the exploration and development of the Sugar Zone Property.

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 in White River, Ontario, 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. Harte is the operator of the Sugar Zone Property and currently owns a 49% interest with the option to acquire the remaining 51%.

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.

Common Shares outstanding: 128,224,169

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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