Harte Gold Corp.
TSX VENTURE : HRT
FRANKFURT : H4O

Harte Gold Corp.

December 31, 2010 16:30 ET

Harte Announces $788,250 Final Closing Under Private Placement

TORONTO, ONTARIO--(Marketwire - Dec. 31, 2010) - HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) has raised gross proceeds of $788,250 and issued 1,051,000 flow through common shares pursuant to the final closing of a non-brokered private placement of up to four million flow through common shares priced at $0.75 announced December 23, 2010.

Finder's fees payable in connection with the final closing consist of a cash payment equal to 6% of cash raised and that number of common share purchase warrants equal to 6% of the flow through common shares issued pursuant to certain orders in the private placement, for a total of $23,265 and 31,020 warrants. Each Finder's warrant is exercisable into one common share on payment of $0.75 for a period of 12 months from closing.

Harte issued a total of 3,296,333 flow-through common shares at $0.75 and raised gross proceeds of $2,521,000 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 and holds an NI 43-101 compliant Indicated Resource of 1,117,000 tonnes, grading 8.41 g/t Au for 302,000 ounces of contained gold and an Inferred Resource of 417,000 tonnes, grading 7.13 g/t Au for 95,000 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% for consideration equal to $90,000 every six months until payment of $2.5 million by May 28, 2012 or $3 million by May 28, 2013. Harte also holds the Stoughton-Abitibi property 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: 139,568,318

Neither the 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.

Contact Information