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Harvest Extends Flagship Emerson Property Claims to the South; Corporate and Technical Presenations Posted ON Website

Marketing Announcement

HARVEST EXTENDS FLAGSHIP EMERSON PROPERTY CLAIMS TO THE SOUTH;

CORPORATE AND TECHNICAL PRESENATIONS POSTED ON WEBSITE

Vancouver, British Columbia / October 14, 2020 - Harvest Gold Corporation (TSX.V: HVG)

(“Harvest Gold” or the “ Company”) is pleased to announce it has staked two additional

adjoining claims to the south of its Emerson property in the interior plateau of British Columbia.

With the new staking, the Emerson property has now expanded to over 56 km2 in size.

Henry Awmack, P.Eng., developer of the Emerson, Goathorn, and Jacobite projects and a

member of Harvest Gold’s technical adviso ry board and states : “The Emerson property is

large enough to cover the Blackwater gold an d New Prosperity porphyry target s as presently

envisioned, but prior staking by David Caulfield and I at the south end of the property did not

include potential anomalies that extend to the south and west off the current IP grid as shown by

the accompan ying figure. These are two areas that Harvest Gold has now added to provide

several hundred metres more coverage.”

Harvest President and CEO Rick Mark states: “Henry is constantly imagining what Discovery

will look like for Harvest Gold and w e have followed his advice t o reach further south at

Emerson, As well, we are now ready to expand the audience for our new Harvest Gold story and

have posted our October, 2020 Corporate Presentation and each Property’s Technical

Presentations on the home page of the website at www.harvestgoldcorp.com.”

NEW EMERSON CLAIMS

Emerson Creek Canyon Cu -Au mineralization has been sporadically explored in Emerson Creek

canyon (SE corner of the current Emerson property) since the 1920’s. The b est-described

program was by Lacana in 1987 who identified a felsic volcanic package, which appears to be

part of the same Kasalka Group felsic volcanic package that hosts the Blackwater target on the

Emerson property.

Lacana drilled 7 shallow holes with d isappointing results, although one hole hit 0.5 m @ 8.9

g/tonne Au in a clay-altered rhyolite. There was no geology map with Lacana’s assessment report

to the B .C. government, so it was not clear how extensive the felsic volcanics are in this area.

However, there is a 1966 vintage geology map in the BC government property file that

documents lithologies and their thickness/orientat ion in the area and suggests that the felsic

package appears >1200 m wide and trends SE, which fits well with Lacana’s drilling/trenching

results. Importantly, these new Emerson extension claims cover the strike extension of this

Kasalka Group felsic volcanic package as this formation is one key to the Blackwater story.

HARVEST GOLD CORPORATION

Suite 804 – 750 West Pender Street

Vancouver, BC V6C 2T7

T: (604) 682-2928

F: (604) 685-6905

E: [email protected]

W: www.harvestgoldcorp.com

Figure 1: Location of New Staking to Expand Coverage of IP Anomalies

Qualified Person Statement

The disclosure of technical o r scientific information in this press release has been reviewed and

approved by Warren Bates, P.Geo. Dir ector of Property Investigations for Harvest Gold. Mr.

Bates serves as a Qualified Person under the definition of National Instrument 43-101.

About Harvest Gold

Harvest Gold is focused on the Interior Plateau of British Columbia exploring for near surface

Gold deposits and Copper Gold Porphyry deposits. Har vest’s Board of Directors, management

team and technical advisors have collective geological and f inancing experience exceeding 400

years.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark,

President and CEO

Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata

@ 604.682.2928 or [email protected]

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

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

this release.

Forward Looking Information

This news release includes certain statements that may be deemed "forward looking statements".

All statements in this news release, other than statements of historical facts, that address events or

developments that Harvest Gold Corporation (the “Company”) expects to occur, are forward

looking statements. Forward looking statements are statements that are not historical facts and are

generally, but not a lways, identified by the words "expects", "plans", "anticipates", "believes",

"intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions

"will", "would", "may", "could" or "should" occur.

This news release includes technical information that was generated prior to the introduction of

National Instrument 43-101. Details of the sampling methods, handling, and quality control

methods used in the generation of this historical technical data are unknown to Harvest Gold, and

the drill material, assay results, true width of intercepts herein cannot be and have n ot been

verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.

A number of mineral resources or significant occurrences disclos ed herein relate to nearby

properties owned by other companies, and the data presented have b een e xtracted from these

companies’ press releases and websites. A Qualified Person has been unable to verify this

information from the adjacent properties, and s uch results are not necessarily indicative of

potential quantities or grades of mineralization on the Company’s properties.

Relating to exploration, the identification of exploration targets and any imp lied future

investigation of such targets on the basi s of specific geological, geochemical and geophysical

evidence or trends are future-looking and subject to a variety of possible outcomes which may or

may not include the discovery, or extension, or term ination of mineralization. Further, areas

around known mineralized intersections or surface showings may be marked by wording such as

“open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”.

Such wording or symbols sho uld not be construed as a certainty that mineralizati on continues or

that the character of mineralization (e.g. grade or thickness) will remain co nsistent from a known

and measured data point. The key risks related to exploration in general are that chance s of

identifying economical reserves are extremely small.

Although the Company believes the expectations expressed in such forward -looking statements

are based on reasonable assumptions, such statements are not guarantees of future performance

and actual results may differ materially from those in the forward looking statements. Factors that

could cause the actual results to differ materially from those in forward looking statements

include market prices, exploitation and exploration successes, and continu ed av ailability of

capital and financing, and general economic, market or business conditions. Investors are

cautioned that any such statements are not guarantees of future performance and actual results or

developments may differ materially from those pro jected in the forward -looking statements.

Forward looking statements are based on the beliefs, estimates and opinions of the Company’s

management on th e date the statements are made. Except as required by securities laws, the

Company undertakes no obligati on to update these forward -looking statements in the event that

management's beliefs, estimates or opinions, or other factors, should change.