Mr. Richard Breger reports

HARFANG ANNOUNCES MANAGEMENT CHANGES

Harfang Exploration Inc. has appointed Richard (Rick) Breger as the company's president, effective immediately, and as the company's chief executive officer (CEO), effective on or around Feb. 1, 2024. The company has released the succession plan of outgoing president and current CEO, Ian Campbell. Mr. Campbell will continue to serve as CEO, working closely with Mr. Breger, to ensure a seamless transition.

Mr. Breger is an exceptional addition to the Harfang team. With his diverse industry experience spanning both technical and financial aspects of the mining industry, he is perfectly poised to propel Harfang into its next chapter of growth. His impressive career includes impactful roles at Iamgold Corp. and Coeur Mining Inc., where he executed strategic initiatives and significant transactions. Mr. Breger's expertise is further bolstered by his capital markets experience with Canaccord Genuity and Dundee Capital Markets.

Mr. Breger holds an MBA from Ryerson University (now Toronto Metropolitan University) and a BSc in Earth and planetary sciences from McGill University. He is also a practising member of the Professional Geoscientists of Ontario (PGO).

"On behalf of the board of directors and the entire Harfang team, I am delighted to welcome Rick as the new president," said Mr. Campbell. "He is a business builder and leader with a unique skill set. He has an exceptional track record of value creation and relevant industry experience in executive, operational and strategic roles. We have full confidence that Rick is well positioned to take Harfang to new heights and build on our solid base of assets and management team. We look forward to growing the company with his fresh perspectives."

"Harfang presents a unique opportunity to grow a company that has an impressive portfolio in Tier 1 jurisdictions, is well capitalized and has a team with a proven track record," said Mr. Breger. "I am excited to work with the team to further develop the company's growth strategy and deliver the full potential of Harfang to all stakeholders."

"We are excited to welcome Rick as the new president, and eventually the CEO, of Harfang," stated Jean-Pierre Janson, chair of the board. "We believe Rick's combination of capital markets and technical experience will add value to the company and its shareholders."

Francois Huot has recently notified the company of his resignation as vice-president, exploration. The effective date of Mr. Huot's resignation will be Feb. 23, 2024. Harfang will begin its search for a replacement immediately.

The company has granted 400,000 incentive stock options to Mr. Breger. The options have an exercise price of 15 cents per share and will expire on Dec. 11, 2033.

About Harfang Exploration Inc.

Harfang Exploration is well financed with approximately $5.7-million in the treasury as of Dec. 6, 2023, and is a technically driven mineral exploration company with the primary mission to discover ore deposits in Quebec and Ontario. The company is managed by an experienced team of industry professionals with a proven record of success, controls a portfolio of highly prospective projects and has a strong financial position. Harfang is dedicated to best practices through engagement with all stakeholders and commitment to the environment.

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