The Flare exists as an unused item in Spelunky HD, and cannot be obtained through normal means. It is instead replaced by the Torch.
Spelunker holding a Flare in Spelunky HD
Spelunky Wiki
The Flare exists as an unused item in Spelunky HD, and cannot be obtained through normal means. It is instead replaced by the Torch.
Spelunker holding a Flare in Spelunky HD