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Harvest Gold Announces the Closing of a Third Tranche of its Non-brokered Private Placement

Financings

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE

Harvest Gold Announces the Closing of a Third Tranche of its

Non-brokered Private Placement

Vancouver, British Columbia / August 2, 2018 – Harvest Gold Corporation (TSX.V: HVG) (the “Company”)

is pleased to announce that, further to its news releases of June 8, 2018 and June 22, 2018, it has closed a third tranche

of its non-brokered private placement (the “Private Placement”) issuing an additional 3,550,000 units (“Units”) at

a price of $0.05 per Unit, raising additional gross proceeds of CDN$177,500 for a total of CDN$657,100 gross

proceeds raised (net proceeds $639,200) to this point in the Private Placement. Each Unit consists of one common

share and one transferable common share purchase warrant exercisable at $0.10 per share for a period of two years.

The Company paid finder’s fees of 8% cash and 8% warrants to Canaccord Genuity Corp. on certain funds. The net

proceeds will be set aside for upcoming Joint Venture exploration related expenditures at Cerro Cascaron in Mexico.

All securities issued pursuant to the private placement are subject to a statutory four-month hold period.

The securities offered pursuant to the private placement have not been, and will not be, registered under the United

States Securities Act of 1933, as amended or any U.S. state securities laws and may not be offered or sold in the

United States or to United States persons absent registration or any applicable exemption from the registration

requirement of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute

an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction

in which such offer, solicitation or sale would be unlawful.

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.

The securities referred to in this news release have not been, nor will they be, registered under the United States

Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the

account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S.

registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy

any securities. 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.

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