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Harte Gold Corp.: Dissident Proxy Circular Mailed for Requisitioned Special Shareholders Meeting Shareholders of Harte Gold Cor

^{Published on 2009-01-16 06:23:34, Last Modified on 2009-01-16 06:24:14 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - Jan. 16, 2009) - The Shareholders Protection Committee (the "Committee") of Harte Gold Corp. (TSX VENTURE:HRT)(FRANKFURT:H4O) announces mailing today of a dissident proxy circular to the shareholders of Harte Gold Corp ("Harte") soliciting proxies in respect of the special shareholders meeting requisitioned by the Committee and being held on Friday, January 30th, 2009. The Committee is requesting shareholders to exercise their voting rights by completing the Green Proxy (which accompanies the dissident circular) directing that their shares be voted AGAINST the director nominee proposed by management of Harte and FOR the nominees proposed by the Committee and named in the dissident circular.

"The current board of directors has lost the confidence of shareholders and has failed to operate in accordance with good corporate governance practices" stated Michael Shunock, a founding member of the Committee. "The forensic audit of the Corporation's financial records, instituted in the 2nd quarter of 2008 following the departure of a former chief executive, was discontinued by management prior to its completion without any public disclosure. The Committee's nominees for election as directors will ensure that this audit is reinstated and the results made public."

Current management is seeking to retrench itself by issuing more than 5.7 million shares to board members under questionable authorization." notes John Gable, another founding member of the Committee. "This flagrant disregard to the rights of other shareholders cannot be allowed to continue."

If elected, the director nominees of the Committee intends to (i) install and support responsible management and require such management to complete the forensic audit in a full and transparent manner, (ii) implement proper policies and governance practices in accordance with applicable standards, and (iii) immediately seek new financing on the best possible terms to advance the Corporation's projects and build shareholder value.

The Committee, which currently represents the holders of approximately 19.7% of the issued shares of Harte, urges all shareholders to support the Committee's efforts to revitalize Harte by completing and returning the Green Proxy as soon as possible.

TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.