Harvest Gold Provides an Update on Permitting its 100% owned Emerson and Goathorn Projects and on Sun Summit Minerals' Drill Results at its nearby Buck Project

On April 12, 2021, the Company received notification from the B.C. Ministry of Energy, Mines and Petroleum Resources that the Emerson property Notice of Work and Reclamation Program application ("NOW"), that was filed on December 14, 2020, had been received and has been referred to other Government Resource Agencies and First Nation groups. The same was given for the Goathorn property on April 30, 2021. Harvest Gold had worked with the government agencies to refine both NOW applications. This is a significant milestone on the path to getting the permits approved.

Rick Mark, President and CEO of Harvest Gold, states: "In our last update on April 12, 2021, we informed shareholders that we would be following Sun Summit and their Buck Project drilling progress. Their success at the Buck Project continues. Here is the geological context with a simple map for peerspective and a brief news release excerpt with a link to Sun Summit's website, if you wish to learn more about the area. Their stock has moved from a year low of $0.175 cents to trading above $1.00 after this release. Congratulations to Bob Willis and the team at Sun Summit for their continuing success.The Harvest Gold team is excited to get work started at Emerson."

Henry Awmack, Property co-vendor and member of Harvest Gold's Geoscience Advisory Board states: "The Emerson prospect lies 20 km northwest of Sun Summit's Buck drilling. Both are hosted by Late Cretaceous Kasalka Group volcanics and volcaniclastics which have been intruded by Late Cretaceous stocks. This geological situation is like that of Artemis Gold's Blackwater deposit located 200 km southeast of Emerson."

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Figure 1

Opening of Sun Summit Minerals Corp. Press Release, Tuesday, May 11, 2021:

Mr. Bob Willis reports:

"Sun Summit drills 31.6 g/t gold over 4.0 metres including 246 g/t gold over 0.5 metres in the trench zone and 1.07 g/t gold over 109 metres including 7.17 g/t gold over 5.2 metres in the horseshoe zone; buck property, Central BC." ( www.sunsummitminerals.com )

About Harvest Gold Corporation

Harvest Gold is focused on the Interior Plateau of British Columbia exploring for near surface Gold deposits and Copper Gold Porphyry deposits. Harvest Gold's board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold acknowledges that the Emerson and Goathorn Projects are situated in the traditional territory of the Wet'suet'en Nation while the Jacobite Project is situated in the traditional territory of the Lake Babine Nation. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark,
President and CEO
Harvest Gold Corp.

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.

This news release may include technical information that was generated prior to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of this historical technical data are unknown to Harvest Gold, and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company's Qualified Person for the purposes of National Instrument 43-101.

A number of mineral resources or significant occurrences disclosed herein relate to nearby properties owned by other companies, and the data presented have been extracted from these companies' press releases and websites. A Qualified Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company's properties.

Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface showings may be marked by wording such as "open", "untested", "possible extension" or "exploration potential" or by symbols such as "?". Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small.

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. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. 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 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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