Harte Gold Corp.
FRANKFURT : H4O
TSX : HRT

Harte Gold Corp.

December 17, 2015 17:00 ET

Harte Gold Announces Final Closing Under Private Placement

TORONTO, ONTARIO--(Marketwired - Dec. 17, 2015) - HARTE GOLD CORP. ("Harte Gold") (TSX:HRT)(FRANKFURT:H4O) has raised gross proceeds of $600,000 including $42,200 pursuant to the closing today (previous closing December 4, 2015), of a non-brokered private placement of 6,000,000 Flow-Through Units priced at $0.10 for gross proceeds of $600,000.

Each FT Unit consists of one common share and one-half common share purchase warrant. Each full warrant is exercisable at $0.15 for a period of twenty-four (24) 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 FT Units issued pursuant to certain orders, for a total of $600 and 6,000 warrants. Finder's warrants are exercisable at $0.10 for a period of 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 30th 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. Harte Gold has received orders for the balance of the private placement and will close same on or before December 31, 2015.

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 for the Sugar Zone Deposit. The mine access road and portal development have been completed and mining 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 which is adjacent to and on strike of St. Andrew Goldfield's Holloway Gold Mine in the Timmins, Ontario Porcupine gold camp.

Common Shares Outstanding: 306,251,031

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

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