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Harvest Energy Trust Confirms July 15th, 2004 Cash Distribution of $0.20 per Unit

Jun 17, 2004 - 07:00 ET

CALGARY, ALBERTA--(CCNMatthews - Jun 17, 2004) (TSX: HTE.UN) - 
Harvest Energy Trust ("Harvest") announces that a cash 
distribution of $0.20 per trust unit will be paid on July 15th, 
2004 to Unitholders of record on June 30th, 2004. Harvest trust 
units are expected to commence trading on an ex-distribution 
basis on June 28th, 2004. This distribution amount represents 
Distributable Cash earned in the month of June 2004.  

Harvest Energy Trust is a Calgary based oil and natural gas trust 
that strives to deliver stable monthly cash distributions to its 
Unitholders through its strategy of acquiring, enhancing and 
producing crude oil, natural gas and natural gas liquids 
properties. Harvest's assets, comprised of high quality crude oil 
properties in East Central Alberta and South East Saskatchewan, 
and its hands-on operating strategy underpin Harvest's objective 
to deliver consistent returns to Unitholders.  

ADVISORY: Certain information regarding Harvest Energy Trust and 
Harvest Operations Corp. including management's assessment of 
future plans and operations, may constitute forward-looking 
statements under applicable securities law and necessarily 
involve risks associated with oil and gas exploration, 
production, marketing and transportation such as loss of market, 
volatility of prices, currency fluctuations, imprecision of 
reserve estimates, environmental risks, competition from other 
producers and ability to access sufficient capital from internal 
and external sources. As a consequence, actual results may differ 
materially from those anticipated in the forward-looking 
statements.  


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Harvest Energy Trust
1900, 330 - 5th Avenue S.W.
Calgary, AB T2P 0L4
Canada

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-30-


FOR FURTHER INFORMATION PLEASE CONTACT:

 Harvest Energy Trust
Jacob Roorda
President
(403) 265-1178

or

Harvest Energy Trust
David M. Fisher
Vice President, Finance
(403) 265-1178
(403) 265-3490 (FAX)
Email: information@harvestenergy.ca
Website: www.harvestenergy.ca