Mr. Rick Mark reports

HARVEST GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT TO FUND 2026 DRILL PROGRAM ON ITS FLAGSHIP MOSSEAU PROPERTY

Subject to the approval of the TSX Venture Exchange, Harvest Gold Corp. is proceeding with a non-brokered private placement to raise aggregate gross proceeds of approximately $2.4-million. Under the offering, the company will raise up to approximately $1.1-million through the issuance and sale of units of the company at a price of five cents per unit, and up to approximately $1.3-million through the issuance and sale of charity flow-through units at a price of 6.9 cents per CFT unit.

Each CFT unit comprises one common share of the company and one common share purchase warrant of the company, each of which qualifies as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and 359.1 of the Taxation Act (Quebec)). Each unit consists of one common share and one warrant. Each warrant entitles the holder thereof to acquire one common share at a price of nine cents per warrant share for a period of three years following the closing date of the offering.

The company anticipates using the proceeds from the issue and sale of the units for the 2026 drilling campaign, various exploration expenses and general working capital.

The gross proceeds raised from the CFT units will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures (as both terms are defined in the Income Tax Act (Canada)) related to the company's projects in Quebec. The company will renounce qualifying expenditures with an effective date of no later than Dec. 31, 2026, in an amount of not less than the total amount of the gross proceeds raised from the issuance of the CFT units, and incur such expenses by Dec. 31, 2027.

All securities issued will be subject to a four-month hold period pursuant to securities laws in Canada and, where applicable, the exchange hold period. Finders' fees may be payable to qualified parties.

About Harvest Gold Corp.

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 advisers have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 443 claims covering 23,740 hectares, located approximately 45 to 70 kilometres west of Gold Fields-Windfall deposit.

Harvest Gold acknowledges that the LaBelle gold project straddles the Eeyou Istchee-James Bay and Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local indigenous communities.

Harvest Gold's three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favourable strike along mineralized shear zones.

We seek Safe Harbor.