Harvest GOLD Corporate Update
HARVEST GOLD CORPORATE UPDATE
Vancouver, British Columbia / February 24, 202 3 - Harvest Gold Corporation (TSX.V: HVG)
(“Harvest Gold” or the “Company”) is pleased to provide the following update to its shareholders:
During the second half of 2022, Harvest Gold contemplated additional deeper drilling at Emerson to test
the interpreted porphyry mineral system indicated by its initial drill program (see news release of June 6,
2022). That drilling would test the down-dip continuation of this system to the west of drill hole EMR22-
019. Market conditions precluded fund raising during 2022 for this additional work. The Company
understands the very high-risk nature of testing deep porphyry targets without significant funding.
In order to conserve its operating funds, the Company limited its late 2022 exploration activities to a small
soil sampling program on its Jacobite project. Upon receipt of the soil sampling results and before the year
end, the Company decided to return the Jacobite project in good standing to the property vendors. In
addition, the Company re -negotiated the terms of the Option Agreement s on the Emerson and Goathorn
Projects to defer all future cash payments by one year in return for a $5,000 payment on each project by
December 31, 2022. The Company confirms that it has made that payment on each project.
While considering financing for its 100% owned Emerson and Goathorn projects, the Company is also
actively investigating various advanced, financeable opportunities well-positioned for discovery.
Qualified Person Statement
The disclosure of technical or scientific information in this press release has been reviewed and approved
by Warren Bates, P.Geo. Director of Property Investigation for Harvest Gold. Mr. Bates serves as a
Qualified Person under the definition of National Instrument 43-101, Standards of Disclosure for Mineral
Projects of the Canadian Securities Administrators.
About Harvest Gold Corporation
Harvest Gold is focused on the Interior Plateau of British Columbia exploring for near surface gold deposits
and Copper Gold Porphyry 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 Goathorn Projects are situated in the traditional territory
of the Wet’suet’en Nation. Harvest Gold is committed to developing 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]
HARVEST GOLD CORPORATION
Suite 400 – 1681 Chestnut Street
Vancouver, BC V6CJ 4M6
T: (604) 737-2303
F: (604) 737-1140
W: www.harvestgoldcorp.com
2
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.
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 Harvest Gold expects to occur, are forwa rd
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 si milar
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 guar antees 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, exploitatio n 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 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.