Harvest Gold Announces Closing of a Flow Through Financing

HARVEST GOLD CORP. 301 – 260 W. Esplanade North Vancouver, B.C. V7M 3G7

Tel: (604) 986-2020 Fax: (604)-986-2021 Toll Free: 1-866-816-0118 www.harvestgoldcorp.com

HARVEST GOLD ANNOUNCES CLOSING OF A FLOW THROUGH FINANCING

Harvest Gold Corporation (HVG – TSX.V) December 30, 2010 (the “Company”) is pleased to announce that it has closed the non-brokered private placement previously announced on December 21, 2010. The Company has raised an aggregate total of $165,000 through the issuance of 1,650,000 flow-through units at a price of $0.10 per unit. Each unit consisted of one flow through common share and one half of one share purchase warrant. Each whole warrant is exercisable into one common share for a period of one year from the closing of the placement at an exercise price of $0.15 per share.

All securities are subject to a four month hold period which expires May 1, 2011.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company controls 100% interests in the advanced-stage Rosebud Gold Mine property, and generative gold properties at Garcia Flats in the South Carlin Trend and the RW property in the southern Battle Mountain - Eureka Trend. In Manitoba, Harvest is engaged in early-stage exploration of three groups of 100% owned claims in the Rice Lake Gold Belt and holds a 40% interest in the more advanced-stage, Assean Lake project.

On behalf of the Board of Directors,

John Roozendaal President Harvest Gold Corporation

For More Information please contact:

Andrew Mugridge Keith Patey or Benjamin Curry Director of Communications Progressive Investor Relations Telephone: (604) 986-2020 Telephone: (604) 689-2881 Toll Free: 1-866-816-0118

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.

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