Harvest Gold Corporation
TSX VENTURE : HVG

Harvest Gold Corporation

December 04, 2007 14:56 ET

Harvest Gold Corporation: 100% of December 1, 2007 Warrants Exercised

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2007) - Harvest Gold Corporation (TSX VENTURE:HVG) (the "Company") is pleased to announce that all 6,975,500 December 1, 2007 warrants have been exercised resulting in total proceeds of $1,395,100. These two year warrants were attached to Harvest Gold's initial Plan of Arrangement financing, when the Company's shares began trading in December, 2005. One warrant entitled the owner to purchase one common share of Harvest Gold for $0.20.

Harvest Gold President, John Roozendaal, states, "This was our primary financing goal for 2007. To have all of our original investor/shareholders continue their support for Harvest Gold by exercising their warrants is most gratifying. We continue to believe that, in most instances, the Joint Venture model provides our shareholders the least dilutive strategy to discovery success. This cash infusion will allow us to operate that model aggressively in 2008 and beyond."

Harvest Gold Corporation is a gold focused exploration company working in Nevada and Manitoba. In Nevada, the Company is exploring the Rosebud Mine Project, a past producing mine in northwest Nevada, is exploring a large generative gold property at Garcia Flats in the South Carlin Trend, and has an advanced property with a gold-silver resource at the Longstreet Mine, in Northern Nye County. Harvest is also exploring claims in Manitoba, Canada at the Rice Lake Gold Belt and is Joint Ventured with Canadian Gold Hunter Corp (TSX:CGH) at the Assean Lake Gold Project.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, CEO and Chair

The TSX Venture Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Harvest Gold Corporation
    Keith Patey
    Director of Communications
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604)-986-2021 (FAX)
    Website: www.harvestgoldcorp.com
    or
    First Canadian Capital Corp.
    Dan Boase
    (416) 742-5600 ext. 232 or Toll Free: 1-866-580-8891
    Email: dboase@firstcanadiancapital.com