Mr. John Roozendaal reports

HARVEST GOLD DRILLS 12.2 METRES OF 1.81 G AU/T AND 20.9 G AG/T NEAR SURFACE AT THE VALLEY TARGET AT ROSEBUD

Harvest Gold Corp. has released gold and silver assay results from the two reverse circulation drill holes that tested the Valley target. HGR-9 and HGR-10 were completed during the company's first phase drill program at its Rosebud mine property in Pershing county, Nevada.

Greg Hill, president of Harvest Gold Corp. (U.S.), stated: "We are very pleased to have drilled shallow, multigram gold mineralization at the Valley target, adjacent to the Rosebud mine. The uppermost gold intercept in HGR-10 is among the best to have ever been drilled at the Valley target and is within 17 metres (55 feet) of surface. The Valley target is largely unexplored and is open in all directions."

HGR-10 contains intercepts of:

• 12.2 metres of 1.81 grams per tonne gold and 20.9 grams per tonne silver (2.13 grams per tonne gold equivalent).

Including:

• Three metres of 4.26 grams per tonne gold and 15.3 grams per tonne silver (4.49 grams per tonne gold equivalent).

• 1.5 metres of 3.53 grams per tonne gold and 58.6 grams per tonne silver (4.42 grams per tonne gold equivalent).

HGR-9 contains an intercept of:

• Three metres of 1.16 grams per tonne gold and 7.7 grams per tonne silver (1.28 grams per tonne of gold equivalent).

The top intercept in HGR-10 begins approximately 17 metres (55 feet) from surface and is one of the highest grade and thickest intercepts drilled at the Valley target to date. There is mineralization in historical drill holes 40 metres (130 feet) to the east and 65 metres (215 feet) to the west of the HGR-10 intercepts. This begins to define a new mineralized zone, open in all directions.

The Valley target has been tested by approximately 20 drill holes, including HGR-9 and HGR-10, and is spread over an area approximately 700 metres (2,300 feet) by 500 metres (1,600 feet). Many of the historic holes contain ore-grade or anomalous mineralization.

All of the intercepts in the Valley target are within Tertiary volcanic or volcaniclastic rocks.

                  SUMMARY OF HOLES HGR 1 -- HGR 10

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

(i)HGR-1                 77.7     85.3      7.6     0.74     11.1     0.90
(i)HGR-2                259.1    269.7     10.6     0.61     13.1     0.81
(i)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  1,235.1    21.19
including               324.6    326.1      1.5     1.00  2,159.8    33.72
and                     326.1    327.7      1.6     6.24    473.5    13.42
(i)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
(i)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
(i)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
and                     195.1    199.6      4.6     1.64      2.6     1.68
(i)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
(i)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
HGR-9                    13.7     16.8      3.0     1.16      7.7     1.28
HGR-10                   19.8     32.0     12.2     1.81     20.9     2.13
including                21.3     24.4      3.0     4.26     15.3     4.49
and                      27.4     29.0      1.5     3.53     58.6     4.42
                         48.8     50.3      1.5     2.77     12.2     2.96
                         61.0     77.7     16.8     0.21     31.5     0.69
                        129.5    138.7      9.1     0.20      8.3     0.32

Gold equivalent (AuEq) values calculated using a gold to silver ratio of 
66 to one, 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. 

(i)Intervals for HGR-1 through HGR-8 previously reported 5 Aug
2010 and 11 Aug 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 of gold 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 quality assurance/quality control 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 of gold and 2.3 million ounces of silver between 1997 and 2000. The underground operation mined three high-grade ore zones, with an average production grade of 0.416 ounce Au per ton, 2.42 ounces of silver per ton. Due to falling gold prices, the cut-off grade was increased from 0.15 ounce gold per ton to 0.18 ounce gold per 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 Ag (6.81 million tonnes at 0.036 ounce Au per ton, 0.31 ounce silver per 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 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.