Harvest Gold Corporation
TSX VENTURE : HVG

Harvest Gold Corporation

December 21, 2006 17:52 ET

Harvest Gold Exploration Update, Drilling Underway at Rocky Ridge Gold Property, Manitoba; Rosebud Mine, Nevada Option Exercised

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 21, 2006) - Harvest Gold Corporation (the "Company") (TSX VENTURE:HVG) is pleased to report the progress being made on its gold exploration projects in Manitoba and Nevada.

A drill program is currently underway at the Company's Rocky Ridge Gold Property in the Lac du Bonnet mining district in South Eastern Manitoba. The property is being jointly explored by the Company and Grandview Gold (TSX:GVX). The program consists of a minimum of 1,500 meters and is expected to be completed by the end of December. The program is testing surface gold showings on the Rocky Ridge property (for details see the Company's press releases dated November 17th and November 29th 2006 at the following link: http://www.harvestgoldcorp.com/newsroom.html). Core samples are now being taken and shipped for analysis and results are expected in early 2007.

Regarding the Rosebud Mine project in Nevada, announced November 17, 2006, the company has now exercised its option to acquire a 100% interest in this past producing mine. Harvest Gold Vice President Greg Hill states, "There is potential for the property to host additional high grade gold deposits and we are now conducting a full compilation of exploration data, including drill hole results, to identify specific target areas for exploration." The Rosebud mine is reported to have produced 386,247 ounces Au and 1,254,942 ounces Ag from 1997 - 2000. (Nevada Bureau of Mines and Geology, 2005, The Nevada Mining Industry 2004). Please note that the historical resource figures and drill results are from sources that are not compliant with NI 43-101.

In the Rice Lake Gold Belt near Bissett, Manitoba, line cutting has begun on the Lesavage North and Con Claims. These grid lines will be used to allow access and ground surveying of the recently acquired Con and Conley claim groups. These new claim groups are adjacent to the Lesavage North Claims which were drilled and explored this past summer.

Harvest Gold Corporation is an exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring a large generative gold property at Garcia Flats in the southern extension of the Carlin Trend, an advanced property with a gold-silver resource at the Longstreet Mine in Northern Nye County, and the Rosebud Mine property in Pershing County. In Manitoba, Harvest is exploring claims in the Rice Lake Gold Belt, the Rocky Ridge Gold property in the Lac du Bonnet mining district, Manitoba and is Joint Ventured with Canadian Gold Hunter Corp. (TSX:CGH) at the Assean Lake Gold Project, Manitoba.

All technical information in this release has been reviewed by Dr. George Gale, P.Eng, Vice President of Exploration, Harvest Gold Corporation.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc., President

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
    John Roozendaal B.Sc.
    President
    (604) 986-2020 or 1-866-816-0118
    (604) 986-2021 (FAX)
    Website: www.harvestgoldcorp.com