Harte Gold Corp.
TSX VENTURE : HRT
FRANKFURT : H4O

Harte Gold Corp.

February 16, 2011 12:17 ET

Harte Announces Commencement of 10,000 Meter Drill Program and Signing of Exploration Agreement With Pic Mobert First Nation

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2011) - HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) announced today that Orbit Garant Drilling Services Inc. is mobilizing equipment to site to begin the 10,000 meter diamond drill program as part of the next phase of exploration on the Sugar Zone property. The rigs have arrived and will commence drilling this week.

The drill program will consist of:

  • In-fill drilling from surface to 300 meters on the Sugar Zone deposit to upgrade Inferred Resources to Measured and Indicated Reserves,
  • Exploration drilling to delineate resources at depth, discovered during the March 2010 drill program,
  • Exploration drilling to extend the current 800 meter strike length of the Sugar Zone deposit and,
  • Drill Induced Polarization ("IP") and Magnetometer ("Mag") survey targets in the area between the Wolf Zone and Sugar Zone deposits.

Harte will incorporate the results from this drill program to create a block model of the deposit and update the current NI 43-101 report. Feasibility Studies continue on the Sugar Zone deposit which will incorporate updated NI 43-101 data to complete mine planning.

Fold Closure Area

Harte is in the process of receiving bids for an IP and Mag survey on the recently discovered "fold nose" (see News Release dated January 6, 2011) located five kilometres northwest of the Wolf Zone. This type of geological formation is often associated with elevated gold concentrations and will be drill tested once the geophysical surveys are completed.

Stephen G. Roman, President of Harte Gold Corp. commented "We are looking forward to the next phase of exploration at the Sugar Zone Property. With our flow through raise of $2,472,500 completed in December 2010, we are well positioned to continue exploration and development efforts during 2011."

Exploration Agreement

Harte also announced that it has signed an Exploration Agreement (the "Agreement") with the Pic Mobert First Nation ("PMFN"). The Agreement defines the terms under which the PMFN and Harte will cooperate during the exploration phase of the project. Terms of the Agreement include the payment of $17,500 towards advisory costs, an annual payment of $2,000 to facilitate community consultation, training and employment opportunities and the issuance of 500,000 options to acquire common shares of Harte at an exercise price of $0.47 for a period of five years. Any options remaining unvested at the end of the five year term will be renewed for a further five year period. Harte and PMFN will enter into good faith negotiations regarding an Impact Benefits Agreement once the bankable feasibility study is completed and prior to mine construction.

Patricia H. Stirbys LLB, LLM appointed as Vice President Aboriginal Relations

Ms. Stirbys will manage the consultation and community engagement process between Harte and Aboriginal communities. Ms. Stirbys is an experienced negotiator in Aboriginal Relations and has worked with federal, provincial and Aboriginal government organizations on a broad range of Aboriginal issues including renewable energy, intergovernmental relations and First Nation band management.

Stock Options

Harte has issued a total of 1,200,000 options to acquire common shares of Harte to PMFN, Employees, Consultants an Officer and its Investor Relations consultant. The stock options are exercisable at $0.47 per common share and expire as to 50,000 options on February 14, 2013 and 1,050,000 options on February 14, 2016.

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%.

Common Shares Outstanding: 139,906,315

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.

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