Harvest Gold Corporation announced that it has received induced polarization ("IP") results for its 100% owned Au-Cu Goathorn Property located in central BC. The 23 km2 Goathorn Property comprises six contiguous mineral claims located 20 km southeast of Smithers, BC. with a nearby railroad, high voltage powerline and gas pipeline.

Goathorn is located 15 km northwest of the Company's property, Emerson. Harvest Gold now has chargeability and resistivity inversions for the 11.3 line-km IP survey carried out on the Goathorn Property in September 2021. As well, the Company has extended the Goathorn Property to the northeast by acquiring an additional 5.24 km2 claim block.

This new claim covers a historic IP survey from 2012. Chargeability levels in the 2021 IP survey are roughly similar to those reported from the historic 2012 IP survey (Figure 1). The Company believes the chargeability anomalies in the two IP surveys indicate a single body of sulphide-bearing rocks over at least 5.3 km in length on the Goathorn Property.

These sulphide-bearing rocks and the extensive magnetite skarn are interpreted to represent the cap above a major porphyry system. The 2021 IP survey at Goathorn was designed as a reconnaissance test in the vicinity of the magnetite skarn and the copper-gold mineralized dykes. It was conducted along four southeasterly-trending lines spaced 400 m apart (Figure 1).

Inversions at depths of 100-500m below surface reveal a northeasterly- trending chargeability high (>10 mV/V) ranging from 400m to >1300m wide and extending along the entire 1200m length of the IP grid. Harvest Gold has extended the Goathorn Property to the northeast by acquiring a 5.24 km2 claim block (Figure 1). This new claim covers the historic IP survey with a reported 1400 m x 1800 m chargeability high (>10 mV/V) which is aligned with the chargeability anomaly revealed by Harvest Gold's 2021 IP survey.

Harvest Gold has not verified the results of the historic IP survey.