Mr. Rick Mark of Harvest Gold reports

DRILLING UPDATE FROM THE CERRO CASCARON GOLD AND SILVER PROJECT IN MEXICO

Harvest Gold Corp. has provided an update on the initial drilling program at the Cerro Cascaron gold and silver project in southwestern Chihuahua, Mexico. Harvest Gold and its joint venture partner and operator, Evrim Resources Corp., have planned up to 3,000 metres of diamond drilling.

Cascarita silver target

The drilling is well under way and currently focused on completing three drill holes, totalling approximately 600 metres, at the Cascarita area, a high-grade silver-lead-zinc sheeted/vein breccia system (previously announced on Oct. 4, 2018). Once all three holes are completed, core samples will be processed.

Sampling, assaying and quality control

Core logging, splitting and sampling are being conducted on the site. The samples will be first sent to the ALS Chemex preparation lab in Hermosillo, Mexico, and then to the ALS Chemex lab in Vancouver, Canada, for assay. Insertion of rig duplicates, standards and blanks will be included in the sample stream for quality assurance and quality control.

Cascaron vein goldfield targets schedule

After completing the Cascarita silver target work, drill crews will move to the Cascaron vein goldfield, an area of high-grade gold and silver veins defined by channel sampling as well as gold, silver and pathfinder soil geochemistry (previously announced on Oct. 4, 2018).

Four drill holes, from one set-up, are planned to test the San Pedro vein, where high-grade gold and silver veins are defined by channel sampling as well as gold, silver and pathfinder soil geochemistry, approximately 800 metres to the north.

Three drill holes are planned to test 900 metres of strike along the Serpiente Dorada and Julieta structures, an area within a 1.8-kilometre-long gold-silver soil anomaly.

One drill hole is planned beneath an area of high-grade gold-silver surface samples across the Carabina vein.

About the Cerro Cascaron project

The Cerro Cascaron property hosts a low to intermediate sulphidation epithermal gold-bearing system and includes a high-grade gold vein field measuring 18 square kilometres in area on the eastern third of the property. Veining has been mapped over 900 vertical metres, with classic textural evidence of hydrothermal boiling accompanying the highest gold grades. This boiling zone has been established in the upper 380 metres of the vein field. Beneath the boiling zones, silver and base metal rich veins and breccias provide additional exploration targets.

Cerro Cascaron's setting and mineralization are similar to many epithermal deposits in the Sierra Madre Occidental, including Minera Frisco SAB's Ocampo mine to the northwest, Coeur Mining Inc.'s Palmarejo mine 115 kilometres northwest and First Majestic Silver's San Martin de Bolanos silver mine in Jalisco state. The property is one of the few unexplored and undrilled opportunities in the region.

Harvest Gold has the right to earn a 70-per-cent interest in Cerro Cascaron by incurring $6-million in exploration expenditures, making $900,000 in cash payments and issuing two million shares over four years. Harvest Gold can earn an another 10 per cent, to total 80 per cent, by spending up to $10-million in exploration expenditures, paying another $200,000 and delivering a National Instrument 43-101-compliant feasibility study within a nine-year period. If Evrim Resources' interest in Cerro Cascaron is diluted to 10 per cent or less, Evrim Resources' interest will convert into a 2-per-cent net smelter return royalty.

Qualified person statement

Harvest Gold's disclosure of technical or scientific information in this press release has been reviewed and approved by Warren Bates, PGeo, Harvest Gold's vice-president of technical services. Mr. Bates serves as a qualified person under the definition of NI 43-101.

Readers are cautioned that rock chip, grab and channel samples are selected samples; they are not necessarily representative of the mineralization hosted on the property.

About Harvest Gold Corp.

Harvest Gold is a mineral exploration company presently advancing its Cerro Cascaron high-grade gold/silver project in Chihuahua state, Mexico, where an initial 3,000 m drill program is planned for 2018. Harvest Gold's board of directors and management team are experienced in successful exploration and have collective geological and financing experience exceeding 200 years.