Harvest Gold Announces Consolidation of Outstanding Share Capital

Harvest Gold Corporation (TSX VENTURE:HVG) (the "Company") wishes to announce
that effective as of the opening of trading of the TSX Venture Exchange (the
"Exchange") on July 31, 2012, the Company will consolidate its common share
capital (the "Consolidation") on the basis of one (1) post-consolidated common
share for every ten (10) pre-consolidated common shares held (the "Consolidation
Ratio"). The Company's name and stock symbol will remain the same. The Company's
new CUSIP number is 417532207. 


The Consolidation was approved by the shareholders at the Company's Annual
General Meeting held on June 26, 2012 (the "Meeting") (see the Company's news
release dated June 28, 2012). As at the date of the Meeting, the Company had
69,813,245 common shares issued and outstanding and the Company will have
approximately 6,981,325 common shares outstanding post-consolidation. The exact
number of post-consolidated shares will vary depending on the treatment of
fractional shares which will occur when each shareholder's holdings in the
Company are consolidated. Outstanding stock options and warrants will similarly
be adjusted by the Consolidation Ratio. 


The Consolidation was approved by the Exchange on July 30, 2012. 

Letters of transmittal with respect to the Consolidation are being mailed to all
registered shareholders of the Company on July 31, 2012. All registered
shareholders will be required to send their respective certificates representing
the pre-consolidated common shares along with a properly executed letter of
transmittal to the Company's transfer agent, Computershare Investor Services
Inc. ("Computershare"), in Toronto, Ontario, all in accordance with the
instructions provided in the letter of transmittal. Additional copies of the
letter of transmittal can be obtained through Computershare (Shareholder
Services 1-800-564-6253). All shareholders who submit a duly completed letter of
transmittal along with their respective pre-consolidated common share
certificate(s) to Computershare, will receive a post-consolidated common share
certificate.


Further details of the Consolidation are contained in the Company's information
circular dated May 18, 2012, available on SEDAR (www.sedar.com).


On behalf of the Board of Directors, 

Richard Mark, Chief Executive Officer

Harvest Gold Corporation