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Harvest Energy Trust Confirms Second Quarter Distribution and Announces Adjustment to Exchangeable Share Ratio and Convertible Debenture Conversion Price

Apr 13, 2005 - 07:00 ET

CALGARY, ALBERTA--(CCNMatthews - April 13, 2005) - Harvest Energy Trust

(TSX:HTE.UN) ("Harvest") today announces that the Board of Directors of 
Harvest Operations Corp. has authorized a cash distribution of $0.20 per 
trust unit to be paid in each of May, June and July, 2005 as follows:

/T/

                  Distribution   Ex-Distribution      Distribution
Record Date               Date              Date          Per Unit
-------------------------------------------------------------------
April 29, 2005    May 16, 2005    April 27, 2005             $0.20
May 31, 2005     June 15, 2005      May 27, 2005             $0.20
June 30, 2005    July 15, 2005     June 28, 2005             $0.20
-------------------------------------------------------------------

/T/

As a result of the special distribution announced on February 28, 2005, 
both the exchangeable share ratio and the conversion price of both 
series of convertible debentures will be adjusted. The adjusted exchange 
ratio and convertible debenture conversion prices will take effect on 
April 15, 2005 and will be as follows:

/T/

Exchangeable Share Exchange Ratio                             1.10188
Convertible Debentures Series 1 (9%) Conversion Price          $13.85
Convertible Debentures Series 2 (8%) Conversion Price          $16.07

/T/

Harvest Energy Trust is a Calgary-based energy trust actively managed 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 trust units are traded on the Toronto 
Stock Exchange (TSX) under the symbol "HTE.UN". Please visit Harvest's 
website at www.harvestenergy.ca for additional corporate information and 
a recent corporate presentation.

-30-


FOR FURTHER INFORMATION PLEASE CONTACT:

 Harvest Energy Trust
Jacob Roorda
President
(403) 265-1178 or Toll Free: (866) 666-1178

or

Harvest Energy Trust
David Rain
Vice President & CFO
(403) 265-1178 or Toll Free: (866) 666-1178

or

Harvest Energy Trust
Cindy Gray
Investor Relations & Communications Advis
or

(403) 265-1178 or Toll Free: (866) 666-1178
(403) 265-3490 (FAX)
Email: gray@harvestenergy.ca

or

Harvest Energy Trust
2100, 330 - 5th Avenue S.W.
Calgary, AB Canada T2P 0L4
Email: information@harvestenergy.ca
Website: www.harvestenergy.ca