Harte Gold Corp.
FRANKFURT : H4O
TSX : HRT

Harte Gold Corp.

July 22, 2014 08:00 ET

Harte Gold Announces Closing of Private Placement

Provides Project Update

TORONTO, ONTARIO--(Marketwired - July 22, 2014) - HARTE GOLD CORP. ("Harte Gold") (TSX:HRT) (FRANKFURT:H4O) has raised gross proceeds of $600,000 pursuant to the closing today of a non-brokered private placement of up to 3,333,333 Units priced at $0.225 for gross proceeds of up to $750,000.

Harte Gold issued 2,666,667 Units at $0.225 per Unit. Each Unit consists of one common share and one- half common share purchase warrant. Each full warrant is exercisable at $0.30 for a period of eighteen months from closing. 666,666 Units are available under the private placement until July 31, 2014.

Finder's fees payable in connection with today's closing consist of a cash payment equal to 5% of cash raised and that number of common share purchase warrants equal to 5% of the number of Units issued pursuant to certain orders in the private placement, for a total of $22,500 and 100,000 warrants. Each Finder's warrant is exercisable at $0.24 for a period of eighteen months from closing.

Common share purchase warrants issued under the private placement (Unit and Finder's warrants) are subject to an acceleration clause. In the event the closing price of Harte Gold common shares is equal to or greater than $0.50 for a period of 10 consecutive trading days, Harte Gold may accelerate the expiry date of the warrants by giving notice to the holders thereof through the issuance of a press release. In such case, the warrants will expire on the 30th day after the date on which such notice is given.

Proceeds from the private placement will fund current exploration and development work related to the advanced exploration project at Harte Gold's 100% owned Sugar Zone property and general corporate purposes.

Project Update

The Harte Gold geological team is currently ground proofing Induced Polarization ("IP") targets identified under Phase One and Phase Two IP Programs completed earlier this year. Drilling will commence on Tuesday, August 5, 2014. Harte Gold has signed a diamond drilling contract with Chibougamau Diamond Drilling Ltd. and has received permit approval to begin the drill program. Drill site access trails and drill pads are under construction.

Harte Gold also announced Director voting results from the Annual Meeting of Shareholders held June 26, 2014. At the annual meeting, shareholders elected Stephen G. Roman, Richard Faucher, George A. Flach, Bernard Kraft and Derek C. Rance to the Harte Gold board of directors. The table below sets out the results of the vote.

Director Votes For Votes Withheld Outcome
Stephen G. Roman 66,544,629 (95.89%) 2,853,833 (4.11%) Carried
Richard Faucher 69,388,462 (99.99%) 10,000 (0.01%) Carried
George A. Flach 69,380,462 (99.97%) 18,000 (0.03%) Carried
Bernard Kraft 69,388,462 (99.99%) 10,000 (0.01%) Carried
Derek C. Rance 69,383,462 (99.98%) 15,000 (0.02%) Carried

About Harte Gold Corp.

Harte Gold Corp. is focused on the exploration and development of its 100% owned Sugar Zone property and is currently permitting an advanced exploration program for the Sugar Zone Deposit. The Sugar Zone property is located 60 kilometres east of the Hemlo Gold Camp and contains an NI 43-101 compliant Indicated Resource of 980,900 tonnes, grading 10.13 g/t for 319,280 ounces of contained gold (uncapped) and an Inferred Resource of 580,500 tonnes, grading 8.36 g/t Au for 155,960 ounces of contained gold (uncapped). 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 Holt-Holloway Gold Mine in the Timmins, Ontario Porcupine gold camp.

Common Shares Outstanding: 231,277,734

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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