Mr. Rick Mark reports

HARVEST SEEKS BIDS FOR AIRBORNE MAGNETICS SURVEY FOR ITS MOSSEAU AND URBAN BARRY GOLD PROJECTS IN THE ABITIBI REGION IN QUEBEC

Harvest Gold Corp. is seeking bids to execute a high-resolution airborne magnetics survey over portions of its Mosseau gold project and its nearby Urban Barry property. Mosseau spans 147 claims totaling 7265.88 hectares (72.66 km 2 ), which includes a 17.7 km long gold-bearing structure running through the length of the property. Urban Barry spans 122 claims totaling 6,789.05 hectares (67.89 km 2 ) (See Figure 1).

Warren Bates, P.Geo., Director of Property Investigation, and a member of Harvest Gold's technical advisory board states: " This airborne magnetics survey will complete modern magnetic coverage over both projects and deliver excellent value for money. It will overlay the to be collated historical data and allow us to compile a new cohesive data set. Importantly, this will provide us a much better understanding of the structural framework for both the Mosseau and Urban Barry projects and guide our ground-based exploration programs that will help develop drill targets."

Rick Mark, President and CEO of Harvest Gold states: "Our team's interpretations of this consolidated data base will allow Mosseau and Urban Barry to be explored effectively for the first time and is an essential first step to discovery. It will also help inform shareholders and investors of the potential in both these properties."

Historically, in 1977, there was a regional magnetic survey conducted over portions of the Mosseau project area with a fixed wing Questor survey equipped with a Mark VI INPUT system. The survey height was 122 metres with flight lines at 270 metres line spacing, providing limited detail however some EM conductors were detected in the survey area.

In 2017 Mosseau property vendor Vior Inc. conducted a more detailed survey over a small block in the central part of Mosseau property The helicopter-based survey traversed 505 line-km and was flown with a line spacing of 100 metres by Geo Data Solutions GDS Inc.

In 2020, EGR Exploration Ltd. completed a 1,374.71-line km airborne magnetic survey over portions of the Urban Barry property. This unmanned aerial vehicle survey was flown with a line spacing of 100 m by Pioneer Exploration Consultants Ltd.

The new survey will be conducted over previously unsurveyed areas and selected surveyed sections of the Mosseau and Urban Barry properties entailing 141 sq km. The airborne magnetic survey specifications are to fly at approximately 100m line spacings for a total of 425.80-line km on Mosseau and a total of 841-line km at Urban Barry. The interpreted results of the survey will:

Help identify lithologies and alteration zones. Each lithology and type of alteration has a characteristic range of magnetic susceptibilities. Interpretation of the magnetic survey will differentiate areas underlain by different lithologies and alteration types. This will be very helpful as a guide to mapping and for interpolating between outcrops.

Help identify structures . Faults will juxtapose units of different magnetic susceptibilities beside each other and fluids traveling along faults will commonly destroy magnetite. Faults can be inferred from magnetic data by linear discontinuities and lows. Interpreted structures will probably be important in controlling the emplacement and subsequent displacement of gold mineralization.

The geological team will interpret the airborne survey results in conjunction with the consolidated historical data to establish priorities for an intensive field season in spring/summer 2024. The field program will consist of detailed mapping, prospecting, and soil sampling aimed at accurately delineating priority drill targets. Based on results, Harvest Gold is contemplating drilling in the northern part of Mosseau later this summer, which includes the historical Morono showing.

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Figure 1: Location and regional geology of the Mosseau and Urban Barry Projects

Update on Emerson and Goathorn projects located in Central British Columbia

Prior to year-end 2023, the Company decided to return the Goathorn project in good standing to the property vendors. In addition, the Company re-negotiated the terms of the Option Agreement on the Emerson Project to defer all future cash payments by one year in return for a $5,000 payment to be made by January 31, 2024.

Qualified Person Statement

The disclosure of technical or scientific information in this press release has been reviewed and approved by Phillip Terrence Coyle, P.Geo. (OGQ 2079) for Harvest Gold. Mr. Coyle serves as a "Qualified Person" as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has not been able verify the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data was historical and the majority of the original drill core is not readily available.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold's board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

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