Harvest Gold closes oversubscribed non-brokered private placement

Vancouver, British Columbia / June 2 4 , 2026 - TheNewswire ‑ Harvest Gold Corporation (TSXV: HVG) (“ Harvest Gold ” or the “ Company ”) announces that, further to its news release of May 29, 2026 and subject to the final approval of the TSX Venture Exchange (the “ Exchange ”), it has closed its oversubscribed non-brokered private placement raising aggregate gross proceeds of approximately $3,169,250 (the “ Offering ”). 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 (the “ Units ”) at a price of $0.05 per Unit, and $1,518,000 through the issuance and sale of 22,000,000 charity flow-through units (the “ CFT Units ”) at a price of $ 0.069 per CFT Unit. President and CEO Rick Mark states: “This financing represents a major shift in Harvest Gold’s status in the junior exploration space.

By spending approximately $1.5M on Mosseau through exploration and drilling this year, we will earn 80% of Mosseau through our option agreement with Vior, Inc. We will then own over fifty kilometers of strike in the Urban Barry Belt, which is largely owned/controlled by Gold Fields Limited, who bought Osisko Mining Inc.’s Windfall deposit and Urban Barry Belt claims for approximately $4 billion dollars as announced on October 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 is comprised of one common share of the Company (each, a “ Common Share ”) and one common share purchase warrant of the Company (a “ Warrant ”), 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 (Québec)).

Each Unit consists of one Common Share and one Warrant. Each Warrant entitles the holder thereof to acquire one Common Share (each, a “ Warrant Share ”) at a price of $0.09 per Warrant Share for a period of three (3) 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)) (the “ Qualifying Expenditures ”) related to the Company’s projects in Québec. The Company will renounce Qualifying Expenditures with an effective date of no later than December 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 December 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 October 24, 2026.   In connection with the Offering, the Company paid finder’s fees consisting of $46,560 cash and 931,200 non-transferable finder’s warrants (the “ Finder’s Warrants ”) to arm’s length finders.  Each Finder’s Warrant is exercisable at $0.09 for a period of three (3) years following the closing date of the Offering.