Harvest Gold closes $518,750 private placement

Executive Summary

• Harvest Gold Corp. closed an oversubscribed non‑brokered private placement, issuing 6,916,667 units at C$0.075 per unit for gross proceeds of $518,750.03.
• Each unit includes one common share and one transferable warrant (exercise price C$0.12, two‑year term).
• Proceeds will fund 2025 exploration programs in the Urban Barry area of Quebec and provide general working capital.

Key Details

• Units Issued: 6,916,667 units at C$0.075 per unit.
• Gross Proceeds: $518,750.03 (subject to TSX Venture Exchange approval).
• Unit Composition: 1 common share + 1 transferable common‑share purchase warrant.
• Warrant Terms: Exercise price C$0.12 per share; exercisable for two years from closing date.
• Use of Proceeds: Exploration expenses on Urban Barry properties and general working capital.
• Hold Period: All securities subject to a four‑month hold period, expiring 2026‑01‑25.
• Finder’s Fees Paid: 397,917 shares (deemed price C$0.075) and 933,334 non‑transferable warrants (exercise price C$0.12).

Notable Quotes

“We are very pleased to see this additional financing close as it provides additional funds for our 2025 exploration programs and puts us in a very strong fiscal position entering 2026.” – Rick Mark, President & CEO

Materiality: Material – Positive (significant financing that enables continued exploration activities).