Harmony Completes Financing of $ 1,125,000.00

HARMONY GOLD CORP.

#1780 – 355 Burrard St Vancouver, BC V6C 2G8 Tel: 604 608-6611 Fax: 604 608-6620 Trading Symbol: H

Harmony Completes Financing of $ 1,125,000.00

Vancouver, British Columbia, July 21, 2011 – Harmony Gold Corp. (TSX-V: H) (the “Company”) announces it has closed a non-brokered private placement totalling 11,125,000 units at $0.10 cents per unit for gross proceeds of $1,125,000. Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.20 per warrant share until November 15, 2012.

The Company has paid finders’ fees in respect of purchasers of securities introduced to the Company by certain finders. The finders’ fees were comprised of a cash fee equal to 7% of the total amount paid by purchasers. The finders’ fees were paid upon closing of the private placement.

All securities to be issued in conjunction with this financing will be subject to a restrictive hold period ending 4 months and one day following the closing date, being November 16, 2011.

The proceeds from financing will be used for general working capital requirements and exploration on the Company's Purisima Project.

Mr. Craig Engelsman, President and CEO of Harmony stated: “We are pleased to have completed this financing and closed the acquisition of our option to earn a 70% interest in the Purisima project. With our existing cash reserves and the proceeds from this financing, we are very well funded to commence the exploration program on the Purisima Project. We are currently reviewing and planning the 2011 exploration program with ECI and will release details of the work program shortly.”

Harmony has an option agreement with ECI Exploration and Mining Inc. to acquire up to a 70% interest (see news release 11-04-07) in the Purisima Property. The Purisima Property covers a total area of 21,515 hectares in 14 concessions, located 40 km north east from the city of Tepic, towards the SW border of the geological Province of Sierra Madre in west central Mexico.

HARMONY GOLD CORP.

Per: “Craig M. Engelsman”

Craig Michael Engelsman President Telephone: 604 608-6611 E-mail: [email protected]

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