Harvest Operations Welcomes COO

Harvest Operations Corp. announced that effective January 23, 2012 Mr. Robert A. Pearce has been appointed COO of the Company. Mr. Pearce will report to the recently appointed CEO, Mr. Myunghuhn Yi.

Mr. Pearce joined Harvest last year as Vice President, Corporate Development & Treasurer. He has become a valuable member of Harvest's senior management team with over 25 years of technical and business experience within the areas of corporate development, general management, debt and equity finance, strategy and planning. Mr. Pearce has an undergraduate degree in Geological Engineering and an MBA in Finance.

"We are pleased to appoint Rob to the position of COO of Harvest," said Dr. Seong-Hoon Kim, Chairman of the Board. "His experience, business skills and energy are tremendous additions to Harvest's management team."