Harvest Gold Corporation
TSX VENTURE : HVG

Harvest Gold Corporation

June 07, 2006 12:53 ET

Harvest Gold Updates Rice Lake Gold Belt Exploration; Geophysics Correlates with a 800m Long Gold Anomaly

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 7, 2006) - Harvest Gold Corporation (TSX VENTURE:HVG) June 7, 2006 (the "Company") is pleased to announce that the field work phase of the Induced Polarization (IP) survey on its Johnston property in Rice Lake, Manitoba is completed. Preliminary results indicate an 800m long, geophysical anomaly. This new geophysical anomaly lies below the set of surface geochemical samples received in 2005 which contain anomalous gold and other pathfinder metals.

The Company's first drill program on the property, in October 2005, occurred at the west end of the anomaly. It resulted in the discovery of the Red Hill gold zone and reported up to 7.5 g/t Au over 2 metres in one drill hole and multiple lower grades intervals of 3 g/t of gold or less in adjacent holes. (See January 18, 2006 Press release).

The Red Hill Zone remains open at depth and along strike. Follow-up geochemistry indicates that mineralization continues a further 600 m to the east of the last drill hole, suggesting a total strike length of 800 metres coincident with the new geophysical anomaly. The upcoming drill program will test the entire strike length of the anomaly. The gold-bearing alteration at the Red Hill Zone is ankerite (iron-magnesium carbonate) which is found in association with many Red Lake gold deposits. Other occurrences of the same type of alteration are located within a large fold structure and in a regional shear zone crossing through the property. This shear zone is part of a major crustal break that extends east through the Red Lake Gold Camp in Ontario.

During this spring field program, line cutters completed 20 kilometres of new grid lines, geophysical crews completed approximately 16 kilometres of IP geophysics and 150 geochemical samples were collected. An additional 20 line kilometres is being cut over selected new target areas on the Johnston property in preparation for new surface geochemical, geophysical and geological mapping.

Matrix Geochemical Services of Toronto, Canada performed the Induced Polarization (IP) survey over the new grid area. The survey was designed to test for mineralization to a depth of up to 250 meters throughout the grid area and to 400 meters where targets are identified. The gold discovered at Red Hill is associated with very fine grained pyrite and arsenopyrite, which responds well to this survey method.

Harvest Gold Corporation is a mineral exploration company working in the mining friendly jurisdictions of Nevada, USA and Manitoba, Canada. In Nevada, Harvest 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, south of the giant Round Mountain Mine. In Manitoba, Harvest is exploring three groups of claims in the Rice Lake Gold Belt in SE Manitoba and is the JV partner of Canadian Gold Hunter (CGH.T) at Assean Lake, near Split Lake, Manitoba.

The contents of this press release have been reviewed by the Company's VP Exploration, Dr. George Gale, who is a Qualified Person as defined by NI 43-101.

On behalf of the Board of Directors,

John Roozendaal, B.Sc., President, Harvest Gold Corporation


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

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