Harvest Gold Corporation announced that the TSX Venture Exchange has now approved the Option Agreement with EGR Exploration Ltd. to acquire 100% of the Urban Barry Property in the Ralleau and Wilson townships in the Eeyou Istchee James Bay/Abitibi region of Quebec. The Urban Barry property straddles the southern margin of the under-explored Urban Barry Greenstone Belt which is host to Osisko/Gold Fields' Windfall deposit which holds nearly 4 million ounces of gold. Urban Barry encompasses an area of 6,789 hectares within 122 claims, covering approximately 19 kilometres of favorable strike in the Urban Barry Greenstone Belt.

The property directly adjoins the large land package of the Osisko Mining Inc./Gold Field's (50/50 JV) Windfall property, which includes the Windfall Deposit (approximately 43 km to the east). Prior work on the Urban Barry Property: From November 2019 to March 2020, Canadian Energy Materials Corp. (now EGR Exploration Ltd.) flew an airborne drone magnetic geophysical survey over the Urban Barry property.

Results from this survey confirm the presence of the northwest extension of rock units and fault structures hosting the nearby Windfall gold deposit. The Short Term Plan: Harvest Gold plans to fly magnetics over the property in the spring ahead of a prospecting, mapping and till sampling program in the summer designed to determine priority drill targets. Transaction Detail Summary: Harvest Gold will pay a total of $90,000 in cash payable as follows: First cash payment of $15,000 upon signing of the Option Agreement and Exchange Approval; Second cash payment of $30,000 on/before July 2, 2024; Third cash payment of $45,000 on/before July 2, 2025.

Harvest Gold will issue 2,750,000 shares in three tranches: First share issuance of 1,000,000 shares upon updated claims status with Ministère des ressources naturelles et des forêts; Second share issuance of 500,000 shares on December 15, 2024; Third share issuance of 250,000 shares on December 15, 2025; and Final share issuance of 1,000,000 shares if there is an NI 43-101 inferred resource estimate of 1,000,000 oz AuEq or greater. EGR will retain a 2.0% NSR Royalty on the Urban Barry property subject to a 1% (50% of Royalty) buyback for $1,000,000. Harvest Gold will expend $100,000 on the property within one year of the date of Exchange approval and an additional $200,000 on or before the second anniversary of Exchange approval of the Option Agreement.

Harvest Gold is to complete two years of work commitments prior to returning any claims.