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Harrys Manufacturing Inc
Symbol HARY
Shares Issued 116,078,315
Close 2026-06-02 C$ 0.07
Market Cap C$ 8,125,482
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Harrys enters non-binding LOI to buy B.C. gold claims

2026-06-02 17:23 ET - News Release

Subject: Fwd: Harrys Non-Binding LOI Placer Claim NR - June 2 2026 Word Document

File: '\\swfile\EmailIn\20260602 141318 Attachment [McMillan Edits] 2026-06-02 Harrys_Signs LOI for Two Gold Placer Claims in British Columbia.docx'

LEGAL_49680226.1

For Immediate Release.

HARRYS MANUFACTURING SIGNS NON-BINDING LETTER OF INTENT FOR ACQUISITION OF TWO GOLD PLACER CLAIMS

Vancouver, British Columbia, June 2, 2026 - Harrys Manufacturing Inc. (CSE: HARY) (the "Company", "Harrys", "we", "our" or "us") is pleased to announce that it has entered into a non-binding letter of intent dated June 1, 2026 (the "LOI") with an arm's length vendor to acquire certain placer gold mineral tenures located in British Columbia (the "Proposed Acquisition").

Pursuant to the terms and conditions of the LOI, Harrys intends to acquire a 100% interest in the Beggs Upper and Patty's Rest placer claims comprised of Placer Title Nos. #1108746 & #1062262 totaling approximately 330 hectares (collectively, the "Property"). The aggregate purchase price for the Property will be CAD$500,000, comprised of:

CAD$400,000 in cash; and

CAD$100,000 in common shares in the capital of Harrys, to be issued at the market price of the Company's shares at the time of closing, subject to the minimum pricing requirements of the Canadian Securities Exchange.

Completion of the Proposed Acquisition remains subject to the negotiation and execution of a definitive agreement (a "Definitive Agreement"), completion of satisfactory due diligence by the Company, receipt of all required regulatory approvals, and other customary conditions for a transaction of this nature.

The Company's due diligence review will include verification of title and tenure status, geological and operational evaluations, review of historical production information, environmental review, and confirmation that the Property is free and clear of undisclosed encumbrances.

"These two placer claims fit squarely with what Harrys is building, and I look forward to digging into their exploration and production upside as we work toward a Definitive Agreement," said Nick Brusatore, Chief Executive Officer of Harrys. "Securing a 100% interest in two British Columbia placer properties would give the Company real operating ground as we continue exploring our transition into the gold sector and it reflects the disciplined, opportunity-by-opportunity approach we intend to take."

The LOI is non-binding, except for certain customary binding provisions including confidentiality and governing law, and there can be no assurance that the Proposed Acquisition will be completed as contemplated or at all.

Corporate Update

Further to the Company's News Release dated May 26, 2026, Harrys has concluded its preliminary due diligence and has elected not to pursue further negotiations in respect of the Cottonwood and Gagen Creek placer gold claims, comprised of Placer Title Nos. #413989, #1031052, #1115189, #1022879, #10707008 and #1060593.

ON BEHALF OF THE BOARD

Nick Brusatore CEO

For further information, please contact:

Corporate Communications Telephone: 604-356-0411 Email: nbrusatore@gmail.com

www.harrysmfg.com

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking information in this news release includes, without limitation, statements relating to the negotiation and execution of a Definitive Agreement and the completion of the Proposed Acquisition. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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