HAR.V · 2020-12-24 12:00:00

Harfang Completes a $ 1.5M Flow Through Private Placement

Financings

HARFANG COMPLETES A $ 1.5M FLOW THROUGH PRIVATE PLACEMENT

Montreal, Québec, December 24, 2020 - Harfang Exploration Inc . (“Harfang” or the

“Corporation”) (TSX-V: HAR) announces today the closing of a non-brokered private placement.

The private placement (the “ Offering”) consists in the issuance of 2 727 274 flow-through

common shares (the “FT Shares”) at a price of $0.55 per FT Share for an amount of $1 500 000.

All securities issued in connection with this Placement are subject to a hold period of four months

and one day. The Offering is subject to the approval of the TSX Venture Exchange.

The proceeds of the Offering will be used in particular for a significant exploration program on the

Serpent property, 100% owned by Harfang.

About Harfang

Harfang is a mining exploration company whose primary mission is to discover new gold districts

in the province of Québec. Harfang’s development model is based on the generation of new

mining projects and on the establishment of partnerships with major exploration and mining

companies to advance its exploration projects.

Forward-Looking Statements

This press release may contain forward -looking statements that are subject to known and

unknown risks and uncertainties that could cause actual results to vary materially from targeted

results. Such risks and uncertainties include those described in Harfan g’s periodic reports

including the filings made by Harfang from time to time with securities regulatory authorities.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any

securities in any jurisdiction. The sec urities described herein may not be offered or sold in the

United States absent registration or an exemption from registration.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.

For more information, please contact:

Harfang Exploration Inc.

François Goulet, President and Chief Executive Officer

Tel: 514 940-0670 #339