Mr. Greg Hill reports

HARVEST GOLD DRILLS 64 M OF 0.48 G AU/T; EXPANDS BULK TONNAGE MINERALIZATION AT ROSEBUD; TENDERS FOR PHASE 2 DRILLING CONTRACT

Harvest Gold Corp. has released gold and silver assay results from reverse circulation drill holes, HGR-6 through HGR-8, completed during the company's first-phase, 12-hole drill program at its Rosebud mine property in Pershing county, Nevada. Final assay results for all holes are expected within 10 days.

Greg Hill, president of Harvest Gold Corp. (U.S.), states: "The important gold and silver intercepts in these holes, and the others we announced last week, provide us with a significant expansion and increased definition of the mineralized envelope, or bulk tonnage halo, at Rosebud. It also provides us with a much better understanding of the deposit's structural framework. We have now intersected mineralized faults in several predicted locations and this reinforces our reinterpreted structural model, which increases our confidence in the model and will assist us in defining targets for the next phase of drilling. We have decided to seek bids for a phase two drill program to add approximately 15,000 feet of new drilling to the project."

Drill hole HGR-6 contains an intercept of:

• 64.0 metres of 0.48 grams per tonne Au;

• Including 4.6 metres of 1.64 g Au/t and 4.6 metres of 1.31 g Au/t.

HGR-6 was drilled in the western portion of the South zone. It demonstrates that significant thicknesses of bulk tonnage mineralization do remain in place at Rosebud. This intercept confirms the company's reinterpreted structural model, having targeted and intersected high-angle mineralized faults that are primary controls on mineralization. Historical intercepts occur to the north, south and at depth along these ore controlling structures. Mineralization is open in these directions.

Drill hole HGR-7 contains an intercept of:

• 13.7 metres of 25.4 g Ag/t and 0.12 g Au/t (0.50 g AuEq/t);

• Including 4.6 metres of 60.7 g Ag/t and 0.13 g Au/t (1.05 g AuEq/t).

This intercept also confirms the company's reinterpreted structural model. The high-grade silver intercept in this hole occurs within 40 metres of surface within a high angle fault zone that includes in-place, high-grade gold mineralization at depth. This mineralized fault zone presents new high-grade targets to the north, south and at depth.

Drill hole HGR-8 contains the following six intercepts:

• 7.6 metres of 0.69 g Au/t and 1.4 g Ag/t (0.71 g AuEq/t);

• 16.8 metres of 0.21 g Au/t and 21.9 g Ag/t (0.54 g AuEq/t);

• 32.0 metres of 0.27 g Au/t and 2.4 g Ag/t (0.30 g AuEq/t);

• 12.2 metres of 0.39 g Au/t and 3.4 g Ag/t (0.44 g AuEq/t);

• 7.6 metres of 0.92 g Au/t and 16.8 g Ag/t (1.18 g AuEq/t);

• 1.5 metres of 0.93 g Au/t and 5.1 g Ag/t (1.00 g AuEq/t).

The intercepts in HGR-8 occur in an area of widely spaced drilling between the Rosebud mine's North, South and East ore zones. They reinforce that significant potential exists to expand the bulk tonnage envelope in the ground and discover additional high-grade pods within the volcanic pile in this area.

In addition, intercepts at, and below, the unconformity, including 7.6 m of 0.92 g Au/t, 16.8 g Ag/t demonstrate the viability of the basement as an important host rock and allow for more precise targeting of the basement in this area. This hole ended in mineralization beneath the unconformity with 1.5 m of 0.93 g Au/t, 5.1 g Ag/t.

                          SUMMARY OF HOLES HGR 1 TO HGR 8

                         From       To Interval       Au       Ag     AuEq
                       metres   metres   metres      g/t      g/t      g/t

HGR-1                    77.7     85.3      7.6     0.74     11.1     0.90
HGR-2                   259.1    269.7     10.6     0.61     13.1     0.81
HGR-3                   315.5    350.5     35.1     0.82    238.1     4.43
including               318.5    330.7     12.2     1.58    564.3    10.13
including               323.1    327.7      4.6     2.47   1235.1    21.19
including               324.6    326.1      1.5     1.00   2159.8    33.72
and                     326.1    327.7      1.6     6.24    473.5    13.42
HGR-4                    79.2     93.0     13.8     0.28      4.0     0.34
                        342.9    347.5      4.6     0.10     14.6     0.32
                        349.0    352.0      3.0     0.07     12.1     0.26
                        406.9    410.0      3.1     0.53      4.9     0.61
HGR-5                    97.5    211.8    114.3     0.49      4.7     0.56
including               106.7    108.2      1.5     2.59      3.8     2.65
and                     129.5    134.1      4.6     2.16      3.9     2.22
and                     163.1    172.2      9.1     1.40      4.6     1.47
HGR-6                   140.2    204.2     64.0     0.48      2.9     0.52
including               163.1    167.6      4.6     1.31      5.5     1.39
including               195.1    199.6      4.6     1.64      2.6     1.68
HGR-7                    42.7     56.4     13.7     0.12     25.4     0.50
including                50.3     54.9      4.6     0.13     60.7     1.05
HGR-8                   129.5    137.2      7.6     0.69      1.4     0.71
                        202.7    219.5     16.8     0.21     21.9     0.54
                        234.7    266.7     32.0     0.27      2.4     0.30
                        289.6    301.8     12.2     0.39      3.4     0.44
                        367.3    374.9      7.6     0.92     16.8     1.18
                        403.9    405.4      1.5     0.93      5.1     1.00

Gold equivalent (AuEq) values calculated using an Ag:Au ratio of 66:1, based on a gold price of $1,160 (U.S.) per ounce and a silver price of $17.60 (U.S.) per ounce. No Ag or Au recovery factors have been applied due to a lack of appropriate metallurgical data. All holes are inclined except for HGR-1. True widths are not known and additional modelling and drilling will be required to determine true widths. Intervals for HGR-1 through HGR-5 previously reported in Stockwatch Aug. 5, 2010.

Drill samples were collected at the drill site, transported to Sparks, Nev., and assayed by Inspectorate America of Reno, following standard industry practice. Gold results were determined using standard fire assay techniques on a 30-gram sample with an atomic absorption finish. Samples returning assays exceeding 10 grams Au per tonne were reassayed using a gravimetric finish. Silver results were determined by ICP. Samples returning assays exceeding 200 grams Ag per tonne were reassayed using a gravimetric finish. Rigorous QA/QC was employed including the insertion of standards and blanks into the sample stream.

The Rosebud property is an advanced exploration project consisting of 54 unpatented mining claims centred on the former Rosebud underground mine, which produced nearly 400,000 ounces gold and 2.3 million ounces silver between 1997 and 2000. The underground operation mined three high-grade ore zones, with an average production grade of 0.416 ounce Au/ton, 2.42 ounces Ag/ton. Due to falling gold prices, the cut-off grade was increased from 0.15 ounce Au/t to 0.18 ounce Au/ton over the life of the mine, and mineralized material below the cut-off was not mined. An in-place, non-43-101-compliant measured and indicated global resource of 242,000 ounces Au, 2.13 million ounces oz Ag (6.81 million tons at 0.036 ounce Au/ton, 0.31 ounce Ag/ton), was calculated by Hecla at the close of mining in 2000. (This historical resource estimate was made by a source believed to be reliable, however the company has not yet independently verified the estimate according to CIM standards and thus this historical estimate should not be relied upon.) The Harvest Gold 43-101 technical report on Rosebud can be accessed on the company's website.

The Rosebud deposit is a high-grade low-sulphidation volcanic-hosted precious metals deposit, similar in origin, geologic setting and mineralization style to other low-sulphidation gold deposits in northern Nevada, including the high-grade multimillion-ounce Sleeper and Midas deposits. The property is located in a highly mineralized portion of the Lovelock-Austin mineral belt, about five miles south of Allied Nevada's Hycroft mine.

The company has an option to acquire a 100-per-cent interest in the property, subject to a net smelter royalty.

Mr. Hill, certified professional geologist, is the qualified person who has reviewed the contents of this news release.