Harvest Gold Announces $2.2 Million Non-Brokered Private Placement

July 3, 2025 — NewsWall — Harvest Gold Corporation (TSXV: HVG) is set to raise approximately $2,200,000 through a non-brokered private placement, pending TSX Venture Exchange approval.

The Offering involves issuing units at $0.075 each to raise up to $800,000 and charity flow-through units (CFT Units) at $0.105 each to raise up to $1,400,000. Each CFT Unit includes one common share and one warrant, qualifying as a "flow-through share" under Canadian tax laws. Each unit consists of one common share and one warrant, with each warrant allowing the holder to acquire a common share at $0.12 for two years after the offering's closing date.

The company plans to use proceeds from the unit sales for its 2025 drilling campaign, exploration expenses, and general working capital. Gross proceeds from CFT Units will fund eligible Canadian exploration expenses, which qualify as flow-through mining expenditures on the company's projects in Québec. The company will renounce Qualifying Expenditures with an effective date of no later than December 31, 2025, in an amount of not less than the total amount of the gross proceeds raised from the issuance of the CFT Units, and incur such expenses by December 31, 2026.

All securities issued will be subject to a four-month hold period, according to Canadian securities laws. Finders’ fees may be payable to qualified parties.

Harvest Gold has three active gold projects in the Urban Barry area, covering 17,539.25 ha, located approximately 45-70 km east of the Gold Fields Windfall Deposit.

Rick Mark or Jan Urata @ 604.737.2303 or info@harvestgoldcorp.com

Source: Harvest Gold Corporation