Harte Gold Announces Final Closing Under Private Placement and Commencement of 70,000 Tonne Bulk Sample at Sugar Zone Deposit

TORONTO, ONTARIO--(Marketwired - Oct. 14, 2015) - HARTE GOLD CORP. ("Harte Gold") (TSX:HRT)(FRANKFURT:H4O) announced today that it raised the maximum gross proceeds of $2,300,000 pursuant to the final closing today of $1,327,300 under its non-brokered private placement of up to 28,000,000 Units priced at $0.05/Unit and 15,000,000 Flow-Through Units priced at $0.06/FT Unit.

Insider participation was $505,000 which included a financing back-stop order of $500,000 from Harte Gold's President and CEO, Stephen G. Roman. Pursuant to Toronto Stock Exchange approval, Harte Gold amended the private placement to increase the Unit offering from $1 million to $1.4 million and reduce the Flow-Through Unit offering from $1.5 million to $900,000.

Harte Gold issued 21,666,000 Units at $0.05 per Unit. Each Unit consists of one common share and one-half common share purchase warrant. Each full warrant is exercisable at $0.15 for eighteen (18) months from closing. Harte Gold also issued 4,066,667 Flow-Through Units ("FT Unit") at $0.06 per FT Unit. Each FT Unit consists of one common share and one-quarter common share purchase warrant. Each full warrant is exercisable at $0.15 for eighteen (18) months from closing.

Finder's fees payable under the private placement consist of a cash payment equal to 6% of cash raised and that number of common share purchase warrants equal to 6% of the number of Units and FT Units issued pursuant to certain orders, for a total of $29,916 and 612,600 warrants. Finder's warrants are exercisable at $0.06 for eighteen (18) months from closing.

All common share purchase warrants issued under the private placement are subject to an accelerated expiry provision. Should the closing price of Harte Gold common shares on the Toronto Stock Exchange be equal to or greater than $0.20 for 10 consecutive trading days any time after closing, Harte Gold may accelerate the expiry date of the warrants by giving notice to the warrant holders through the issuance of a press release. The warrants will expire on the 30^th day after the date on which such notice is given.

Proceeds from the private placement will fund exploration on Harte Gold's Ontario properties as well as development work related to the advanced exploration project at its 100% owned Sugar Zone property and, general corporate purposes.

Bulk Sample Project

Harte Gold is pleased to announce that Technica Mining ("Technica") has mobilized personnel and equipment to site. The approach to the Portal face has been excavated and the screening and bolting of the face together with surface work to support underground mining are near completion. The first blast to cut the Portal and go underground is scheduled for October 28, 2015.

Recently completed in-fill drilling in the Bulk Sample area and in two previously drilled areas of gold mineralization parallel to the proposed ramp have been added into a new mine plan with a view to optimizing mining operations and accelerating project timelines. "Harte Gold is extremely pleased to announce the mobilization of mining equipment and personnel to the Sugar Zone Deposit. The commencement of the Bulk Sample and underground mining is a significant achievement and a major step toward Harte Gold's objective to become Canada's newest high grade gold producer," said Stephen G. Roman, President and CEO.

Stock Options

Harte Gold also announced that pursuant to the recent and pending expiry of 7,950,000 stock options previously issued to management, Directors and other Harte personnel, it has issued 11,740,000 stock options to acquire common shares of Harte Gold to Officers, Directors, Employees, Consultants and Pic Mobert First Nation. The stock options are exercisable at $0.10 and expire October 14, 2020.

About Harte Gold Corp.

Harte Gold Corp. is focused on the exploration and development of its 100% owned Sugar Zone property where it has permitted an Advanced Exploration, 70,000 tonne Bulk Sample project, to test mine the Sugar Zone Deposit. The mine access road and portal development have been completed, underground development is scheduled to begin Q4 2015. The Sugar Zone property is located 60 kilometers east of the Hemlo Gold Camp and as per the Preliminary Economic Assessment dated July 12, 2012 contains an 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). The mineral resource was prepared in compliance with NI 43-101. George A. Flach P. Geo, Vice President Exploration is the Qualified Person for Harte Gold. Harte Gold also holds the Stoughton-Abitibi property located on the Destor-Porcupine Fault Zone.

Common Shares Outstanding: 300,251,032

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