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HVG.V ·

Harvest GOLD Announces Non-Brokered Private Placement

Financings

NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES

HARVEST GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia / July 6, 20 20 - Harvest Gold Corporation (TSX.V:HVG)

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

Exchange (the “Exchange”), it proposes to raise up to $1 10,000 through a non-brokered private

placement (the “Private Placement”) of up to 1,100,000 units (the “Units”) at a price of $0.10 per

Unit. Each Unit will consist of one common share (the “Shares”) and one common share purchase

warrant (the “Warrants”). Each Warrant will be exercisable for one transferable common share of

the Company at a price of $0.15 for three (3) years from the date of closing.

The Warrants will be subject to an acceleration clause whereby in the event that the closing price of

the Company’s Shares on the Exchange is $0.22 or greater per Share during any 20 non-consecutive

trading day period at any time, the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th

day after the date on which the Company provides notice of such accelerated expiry to the Warrant

holders.

All securities issued in the Private Placement will be subject to a hold period of four months and

one day following the closing date of the Private Placement.

Finder’s fees may be payable in cash and Warrants in accordance with the policies of the Exchange.

The Company intends to use the gross proceeds of the Private Placement for payments related to the

acquisition of mineral properties, continuing due diligence costs and general working capital.

About Harvest Gold Corporation

Harvest Gold is a gold-focused mineral exploration company with an experienced board of directors

and management whose collective geological and financing experience exceeds 200 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 term is defined in the

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

release.

HARVEST GOLD CORP.

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

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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 the Company expects to occur, are forward looking statements. Forward looking statements are statements

that are not historical facts and are generally, but not always, 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.

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, exploita tion and exploration

successes, and continued availability 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 projected in the forward looking statements.

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

on the date the statements are made. Except as required by securiti es 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 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 States unless registered under the U.S. Securities Act and any other

applicable securities laws of the United States or an exemp tion from such registration 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 States must be made by means of a prospectus containing detailed information about the

company and management, as well as financial statements.