Mr. Rick Mark reports

HARVEST GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Further to Harvest Gold Corp.'s news release of May 29, 2026, and subject to the final approval of the TSX Venture Exchange, it has closed its oversubscribed non-brokered private placement raising aggregate gross proceeds of approximately $3,169,250. Under the offering, the company raised a total of $1,651,250 through the issuance and sale of 33,025,000 units of the company at a price of five cents per unit, and $1,518,000 through the issuance and sale of 22 million charity flow-through units (the CFT units) at a price of 6.9 cents per CFT unit.

President and chief executive officer Rick Mark states: "This financing represents a major shift in Harvest Gold's status in the junior exploration space. By spending approximately $1.5-million on Mosseau through exploration and drilling this year, we will earn 80 per cent of Mosseau through our option agreement with Vior Inc. We will then own over 50 kilometres of strike in the Urban Barry belt, which is largely owned/controlled by Gold Fields Ltd., who bought Osisko Mining Inc.'s Windfall deposit and Urban Barry belt claims for approximately $4-billion dollars as announced on Oct. 28, 2024. So, while we all await drill results, Harvest Gold shareholders will soon own a significant amount of real estate in the Quebec Abitibi. Finally, thank you for the remarkable support from Crescat Capital and the other significant investors who have returned in this financing."

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, expiring on Oct. 24, 2026.

In connection with the offering, the company paid finders' fees consisting of $46,560 cash and 931,200 non-transferable finders' warrants to arm's-length finders. Each finder's warrant is exercisable at nine cents for a period of three years following the closing date of the offering.

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.