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HVG.V ·

Harvest GOLD Announces Non-Brokered Private Placement

Financings

NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES

HARVEST GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia / January 27, 2022 - Harvest Gold C orporation (TSX.V: HVG)

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

Exchange (the “ Exchange”), it intends to complete a non-brokered private placement (th e “ Private

Placement”) of up to 266,667 units (the “ Units”) at $0.15 per Unit to raise total gross proceeds of up to

$40,000.

Each Unit will consist of one common share (“ Share”) and one Warrant exercisable at a price of $0.25

per Share for a period of two (2) years.

All securities issued in the Private Placement will be 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 Pl acement for further exploration at

Goathorn and Jacobite and for general working capital.

About Harvest Gold Corporation

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

deposits and Copper Gold Porphyr y deposits. Harvest Gold’s boar d of directors, management team and

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

Harvest Gold acknowledges that the Emerson and Goathorn Project s are situated in the traditional

territory of the Wet’suet’en Na tion while the Jacobite Project is situated in the traditional territory of the

Lake Babine Nation. Harvest Gold is committed to developing po sitive 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 Venture Exchange nor its Regulation Services Prov ider (as that term 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 deeme d "forward looking statements". All statements in this news

release, other than statements of historical facts, that addres s events or developments that Harvest Gold expects to occur, ar e

forward looking statements. For ward looking statements are stat ements that are not historical f acts and are generally, but not

always, identified by the words "expects", "plans", "anticipate s", "believes", "intends", "esti mates", "projects", "potential" and

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

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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Although the Company believes the expectations expressed in suc h forward-looking statements are based on reasonable

assumptions, such statements are not guarantees of future perfo rmance and actual results may differ materially from those in t he

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 continued availability of capital and financing, and

general economic, market or busin ess conditions. Investors are cautioned that any such statemen ts are not guarantees of future

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

Forward looking statements are ba sed on the beliefs, estimates and opinions of the Company’s management on the date the

statements are made. Except as required by securities laws, the Company undertakes no obligation to update 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 under 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 f or the account or benefit of, U.S. persons (as such term is

defined in Regulation S under the U.S. Securities Act) or perso ns in the United States unless registered under the U.S.

Securities Act and any other applicable securities laws of the United States or an exemption from such registration

requirements is available.

This press release does not consti tute an offer to sell or a so licitation of an offer to buy any of these securities within an y

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

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