Mr. Rick Mark of Harvest Gold reports

HARVEST GOLD ANNOUNCES TSXV APPROVAL AND ISSUANCE OF SHARES PURSUANT TO MOSSEAU OPTION AGREEMENT

Further to Harvest Gold Corp.'s news releases of Dec. 18, 2023, and Jan. 23, 2024, Harvest Gold has received final approval from the TSX Venture Exchange to the option agreement entered into with Vior Inc. for the Mosseau gold project and has made the initial payment and share issuance under the agreement.

Harvest Gold president and chief executive officer Rick Mark stated: "We are very excited to now begin to create value for our shareholders in Quebec. The Harvest Gold team spent over a year finding a gold-bearing property with a compelling value proposition in the right jurisdiction. Our technical team was unanimous in their support for moving forward with Mosseau. Further, I believe the fact that Osisko and Goldfields have partnered to be active explorers in the Urban Barry belt will help bring attention to our work at Mosseau. And Osisko owns 14 per cent of our new partner, Vior. Two thousand twenty-four will be a busy year and we look forward to keeping the market abreast of our plans and accomplishments."

As set out in its Dec. 18, 2023, news release, pursuant to the agreement, Harvest Gold can earn up to a 100-per-cent interest in the Mosseau gold project by completing the payments and work commitments shown in the attached table.

The company has issued the initial two million common shares at a deemed price of two cents per share (being the current market price of shares on the exchange), representing a total deemed value of $40,000, to Vior and has made the initial $50,000 cash payment.

The shares are subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation and the exchange hold period.

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.