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HVG.V ·

Harvest GOLD Retains C3 Alliance Corp. FOR BC Indigenous Outreach Guidance, Grants Stock Options

Share Capital & Compensation

HARVEST GOLD RETAINS C3 ALLIANCE CORP. FOR BC INDIGENOUS

OUTREACH GUIDANCE, GRANTS STOCK OPTIONS

Vancouver, British Columbia / August 7, 2020 - Harvest Gold Corporation (TSX.V: HVG)

(“Harvest Gold” or the “ Company”) is pleased to announce that, in preparation for its coming

work programs in BC, it has r etained the services of C3 Alliance Corp. (“C3”) to assist in the

development of its Indigenous community outreach plan for the Company’s recently acquired

Emerson, Goathorn and Jacobite projects located in the Omineca Mining Division of central B.C.

Harvest Gold acknowledges that Emerson and Goathorn are situated in the traditional territory of

the Wet’su wet’en First Nation while Emerson also includes traditional lands of the Skin Tyee

Nation. Jacobite is in the traditional territory of the Lake Babine First Nation. Harvest Gold is

committed to developing a positive and mutually beneficial relationship based on respect and

transparency with these First Nations.

Harvest Gold CEO and President, Rick Mark states: “Sarah Weber, P.Geo is the President of C3, a

private consulting company that works closely with Indigenous Peoples, the resource sector,

governments and communities. C3 has extensive experience in assisting companies to develop

meaningful Indigenous and community relationships. Ms. Weber has a support team that has

assisted exploration and mining companies with successful permitting, from drilling through

feasibility studies and mine development certificates. We wish to be successful in our BC

operations and we look forward to working with Sarah and C3.”

The Company also announces that it has granted incentive stock options to purchase up to 295,000

common shares to certain directors, consultants and advisors of the Company at an exercise price

of $0.16 per share for a period of five years, in accordance with the provisions of its stock option

plan.

About Harvest Gold

Harvest Gold is a gold focused mineral exploration company with a n experienced Board of

Directors and management team whose collective geological and financing experience exceeds 200

years.

About C3 Alliance Corp.

C3’s staff and talented associates provide a wide range of services and strategic advice to

Indigenous communities, resource developers, businesses, and all levels of government. The C3

team of experts have decades of combined experience as senior business executives, government

and Indigenous leaders. Collectively, C3 holds the knowledge, background and in-depth experience

in the resource sector with specific focus on Indigenous and Government relations, as well as the

minerals, mining, energy, and forestry sectors.

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

- 2 -

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.

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 Corporation (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, exploitation 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.