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HVG.V ·

Harvest GOLD Announces Closing of Non-Brokered Private Placement

Financings

HARVEST GOLD ANNOUNCES CLOSING OF NON-BROKERED

PRIVATE PLACEMENT

Vancouver, British Columbia / February 3, 2022 - Harvest Gold Corporation (TSX.V: HVG)

(“Harvest Gold” or the “ Company”) announces that, subject to the final approval of the TSX Venture

Exchange (the “Exchange”), it has closed its non-brokered private placement (the “Private Placement”)

issuing a total of 266,667 units (the “Units”) at $0.15 per Unit raising total gross proceeds of $40,000.

Each Unit consists of one common share (“Share”) and one transferable common share warrant

exercisable at a price of $0.25 per Share for a period of two (2) years.

All securities issued in the Private Placement are subject to the Exchange hold period, plus a hold period

of four months and one day following the closing date of the Private Placement.

The Company intends to use the gross proceeds of the Private Placement for further exploration at

Goathorn and Jacobite and for general working capital.

About Harvest Gold Corporation

Harvest Gold is focu sed on the Interior Plat eau of British Columbia exploring for near surface Gold

deposits and Cop per Gold Porph yry deposits. Harvest Gold’s board of directors, management team and

technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold acknowledges that the Emerson and Goa thorn Pr ojects ar e situated in the tradition al

territory of the We t’suet’en Nation while the Jacobite Project is situated in the trad itional territory of the

Lake Babine Nation. Harvest Gol d is c ommitted to develo ping positive and mutually beneficial

relationships based on respect and transparency with local Indigenous communities.

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

@ 604.737.2303 or [email protected]

Neither TSX Ventur e Exchange nor its Regulation Services Provider (as that term is defined in the policie s of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This news release i ncludes certain statements t hat may be deemed "forward lookin g statements". All statements in this news

release, other than s tatements of historical facts, that address events o r developments that Harvest Gold expects to occur, are

forward looking statemen ts. Forward looking statemen ts are statements that are not hi storical facts and are generally, but not

always, ide ntified by the words "expects", "plans", "anticipates", "believ es", "intends", "estimates", "projects", "potential" and

similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.

Although the C ompany believe s the expectations expres sed in such forward -looking statements are b ased on reasonable

assumptions, such statements are not guarantees of future pe rformance and actual results may differ materially from those in the

forward-looking statement s. Factors tha t coul d cause the actual results to differ materially from those in f orward looking

HARVEST GOLD CORPORATION

Suite 400 – 1681 Chestnut Street

Vancouver, BC V6CJ 4M6

T: (604) 737-2303

F: (604) 737-1140

E: [email protected]

W: www.harvestgoldcorp.com

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statements include market prices, exploitation and exploration s uccesses, and continued availability of capital and financing, and

general economic, market or business conditions. Investors are cautioned that any such statements are not guar antees of future

performance and actual results or developments may differ mate rially from those projected in the forward -looking statements.

Forward looking statements are based on the b eliefs, estimates and opi nions of the Company’s management on the dat e the

statements are made. Except as required by securities laws, the Company u ndertakes no obligation to u pdate these forward -

looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The securities referred to in this news release have not been, and will not be, registered un der the United States Securities

Act of 1933, as amended (the “U.S. Securities Act”), or any applicable securities laws of any state of the United States, and

may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is

defined in Regulation S under the U.S. Securities Act) or persons in the United St ates unless registered under the U.S.

Securities Act and any other ap plicable securities laws of the United States or an exemption from such registr ation

requirements is available.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any

jurisdiction, including the United States. Any public offering of securities in the United St ates must be made by means o f

a prospectus containing detailed information about the company and management, as well as financial statements.