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File: HVG NR 2015 02 16-2 - Assean Lake Sale.doc

 
Harvest Gold Announces Sale of Joint Venture Interest to VMS Ventures Inc.
Vancouver, B.C., February 16, 2015   Harvest Gold Corporation (TSX.V: HVG) ("Harvest Gold" or the "Company") is please
--->d to announce that it has signed a letter with VMS Ventures Inc. ("VMS") to confirm their mutual intentions with respe
--->ct to the sale by Harvest Gold of all of its right, title and interest, as successor in interest to Rare Earth Metals 
--->Corp. ("REM") in and to the joint venture agreement (the "JV Agreement") dated March 1, 2002 between REM and Internati
--->onal Curator Resources Ltd. (now NGEx Resources Inc.) ("NGEx") being an undivided 40% interest in the JV Agreement (th
--->e "40% Interest").
In consideration of the 40% Interest, subject to the approval of the TSX Venture Exchange (the "Exchange"), (a) VMS wi
--->ll pay $140,500, upon Exchange approval, payable as to $90,350 by the forgiveness by VMS of such amount of debt otherw
--->ise due and owing to it by Harvest Gold and as to $50,150 in cash; (b) the issuance of 100,000 common shares of VMS up
--->on the earliest to occur of the completion by VMS of a Preliminary Economic Assessment, Pre-Feasibility Study or a Fea
--->sibility Study (as those terms are defined in NI 43-101 or in the C.I.M. Definition Standards) on all or a portion of 
--->the mineral claims that are the subject of the JV Agreement; and (c) the issuance of a further 100,000 common shares o
--->f VMS upon the commencement of commercial production from all or a portion of the mineral claims that are the subject 
--->of the JV Agreement.  The issuance of the securities are subject to a four-month hold period as required under applica
--->ble securities laws.
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, Corporate Secretary  @ 604.682.2928 or info@harvestgoldcorp.com 
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.