Mr. Rick Mark of Harvest Gold reports

HARVEST GOLD TO ACQUIRE 100% OF THE MOSSEAU GOLD PROJECT IN THE ABITIBI REGION OF QUEBEC

Harvest Gold Corp. has entered into an option agreement with Vior Inc. Pursuant to the agreement, Harvest Gold can earn up to a 100-per-cent interest in the Mosseau gold project, subject to TSX Venture Exchange approval.

Mosseau spans 147 claims totalling 7,265.88 hectares (72.66 square kilometres), which includes a 17.7-kilometre-long gold-bearing structure running through the length of the property. Mosseau adjoins the Urban Barry greenstone belt of the Abitibi region of Quebec. Vior is a Montreal-based, Quebec-focused mineral exploration company and is owned 14.1 per cent by Osisko Mining Inc.

Rick Mark, president and chief executive officer of Harvest Gold, stated: "I am very pleased to inform our shareholders that our year-long search for a new, high-quality gold exploration project in a mining-friendly jurisdiction is complete, and, further, we can earn 100 per cent of this opportunity. Mosseau has only recently been consolidated by Vior, so it has not undergone any extensive, systematic exploration in over 35 years, enhancing our chances for discovery."

The Mosseau gold project

Mosseau lies at the western boundary of the prolific Urban Barry greenstone belt, an area renowned for both historic and current mining activities, including the Windfall deposit. Notably, Osisko Mining and the known prospector, Shawn Ryan, hold neighbouring claims. Recent wildfires and logging activities have fortuitously improved access to the property and revealed numerous new outcrop exposures, which further enhance exploration prospects.

Mosseau has been amalgamated under single ownership for the first time by Vior. It is 100 per cent owned by Vior, with the majority of the claims not subject to any underlying royalties or encumbrances.

Mark Fedosiewich, president and chief executive officer of Vior, commented: "Vior is pleased to announce the execution of this definitive agreement with the experienced and proven team at Harvest Gold. Our recently consolidated district-scale Mosseau gold project warrants the resources and commitment that Harvest Gold will dedicate to unearth a significant new discovery at Mosseau."

Short-term plans

Harvest Gold will begin a thorough compilation of all historical exploration data and is planning to conduct a high-resolution airborne magnetics survey during the winter over previously unsurveyed areas and selected surveyed sections of the property. 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 2024. The field program will consist of detailed mapping, prospecting and soil sampling aimed at accurately delineating priority drill targets. Harvest is also contemplating drilling the historical Morono deposit this summer.

Harvest Gold has had several meetings with the Vior geological team and will continue that collaboration. Vior's extensive regional knowledge and their experience within Quebec are invaluable to Harvest Gold as the company begins work on Mosseau.

The property

Warren Bates, director of property investigation for Harvest Gold, stated: "We believe that, with the distinct geological characteristics defined below and, on a more local property scale, the presence of ultramafic rocks plus copper-nickel mineralization, we are looking at an area representing deep-seated structures. This ground has also undergone significant uplift and movement as indicated by an interpreted sedimentary basin, all features that are common to many of the more important gold camps."

The Mosseau gold project exhibits several geological characteristics common to significant orogenic gold deposits, including:

• Major greenstone belt within the Abitibi region with significant known gold deposits (Urban-Barry);
• Regional large-scale deformation zone (Toussaint and Kiask River fault zones);
• Geological framework, including variable intrusives (felsic to ultramafics), bimodal volcanism and sedimentary basins;
• Demonstrated continuity of property-scale mineralized zones (Morono shear zone);
• Favourable gold environment with the presence of polymetallic mineral showings (gold, copper and nickel).

Mosseau hosts numerous gold showings and prospects as well as copper and nickel occurrences (Sigeom), both explored and underexplored.

Field investigations and drill core review by Harvest Gold have verified the presence of shear-hosted gold mineralization. The property contains multiple parallel shear zones consisting of quartz-sericite schist, which further underscores its potential for gold discovery.

Qualified person statement

The disclosure of technical or scientific information in this press release has been reviewed and approved by Phillip Terrence Coyle, PGeo (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 to verify the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data were historical and the majority of the original drill core is not readily available.

Option terms

Pursuant to the agreement, which is subject to TSX-V approval and completion of a formal option and joint venture agreement, Harvest Gold can earn a 100-per-cent interest in the Mosseau gold project by completing the requirements shown in the attached table.

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 acknowledges that the Mosseau 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.

We seek Safe Harbor.