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Harvest Energy Trust Confirms March 15th, 2004 Cash Distribution of $0.20 Per Unit and Updates Status of Dividend Reinvestement and Optional Unit Purchase Plan

Feb 13, 2004 - 09:00 ET

CALGARY, ALBERTA--(TSX: HTE.UN) - Harvest Energy Trust 
("Harvest") announces that a cash distribution of $0.20 per trust 
unit will be paid on March 15th, 2004 to Unitholders of record on 
February 27th, 2004. Harvest trust units are expected to commence 
trading on an ex-distribution basis on February 25th, 2004. This 
distribution amount represents Distributable Cash earned in the 
month of February 2004.  

Harvest also announces that, as a result of the filing by the 
Trust of its Initial Annual Information form dated December 10, 
2003 and the issuance by the Commission des valeurs mobilieres du 
Quebec of an order dated February 2, 2004, Trust Units issued 
from treasury pursuant to the distribution reinvestment and 
optional unit purchase plan of the Trust (the "DRIP Plan") to 
Unitholders who are resident in Canada (including the Province of 
Quebec) will, generally, not be subject to resale restrictions. 

Detailed information respecting the DRIP Plan can be obtained 
from Harvests' website at www.harvestenergy.ca or by contacting 
Harvest, as presented below. 

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. 
Harvest's assets, comprised of high quality light, medium and 
heavy gravity 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.  


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Harvest Energy Trust
1900, 330 - 5th Avenue S.W.
Calgary, AB T2P 0L4
Canada
TSE Symbol: HTE.UN

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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.  

-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