News Releases

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  HARVEST ENERGY TRUST

TSX SYMBOL:  HTE.UN

MARCH 15, 2004 - 10:37 ET

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

CALGARY, ALBERTA--(TSX: HTE.UN) - Harvest Energy Trust 
("Harvest") announces that a cash distribution of $0.20 per trust 
unit will be paid on April 15th, 2004 to Unitholders of record on 
March 31st, 2004. Harvest trust units are expected to commence 
trading on an ex-distribution basis on March 29th, 2004. This 
distribution amount represents Distributable Cash earned in the 
month of March 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. 
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

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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. 

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