Subject: Correction Copy Harrys_Signs LOI for Gold Placer Claims copy
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LEGAL_49583054.2
HARRYS MANUFACTURING SIGNS NON-BINDING LETTER OF INTENT FOR ACQUISITION OF GOLD PLACER CLAIMS
Vancouver, British Columbia, May 20, 2026- Harrys Manufacturing Inc. (CSE: HARY) (the "Company", "Harrys", "we", "our" or "us") is pleased to announce that it has entered into a non-binding Letter of Intent (the "LOI") dated May 15, 2026 (the "LOI") with two arm's length vendors (together, the "Vendors") to acquire certain placer gold mineral tenures located in British Columbia (the "Proposed Acquisition").
Pursuant to the terms and conditions of the LOI, Harrys intends to acquire a 100% interest in the Cottonwood and Gagen Creek placer claims comprised of Placer Title Nos. #413989, #1031052, #1115189, #1022879, #10707008 and #1060593, totaling approximately 120 hectares (collectively, the "Property"). Harrys will pay the Vendors $495,000 in cash as consideration for the acquisition of the Property.
Completion of the Proposed Acquisition remains subject to the negotiation and execution of a definitive agreement (a "Definitive Agreement"), completion of satisfactory due diligence by the Company, receipt of all required regulatory approvals, and other customary conditions for a transaction of this nature.
The Company's due diligence review will include verification of title and tenure status, geological and operational evaluations, review of historical production information, environmental review, and confirmation that the Property is free and clear of undisclosed encumbrances.
"We are excited to advance our due diligence efforts on these placer gold properties and evaluate their exploration and production potential," stated Nick Brusatore, Chief Executive Officer of Harrys. "This Proposed Acquisition represents an important step in the Company's strategic transition into the gold mining sector and provides Harrys with the opportunity to establish a meaningful foothold in placer gold operations within British Columbia."
The LOI is non-binding, except for certain customary binding provisions including confidentiality and governing law, and there can be no assurance that the Proposed Acquisition will be completed as contemplated or at all.
ON BEHALF OF THE BOARD
Nick Brusatore CEO
For further information, please contact:
Corporate Communications Telephone: 604-356-0411 Email: nbrusatore@gmail.com
www.harrysmfg.com
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking information in this news release includes, without limitation, statements relating to the negotiation and execution of a Definitive Agreement and the completion of the Proposed Acquisition. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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