Hart Stores Status Report Concerning its Fiscal 2012 Annual Financial Statements

LAVAL, QC, June 26, 2012 /CNW Telbec/ - Hart Stores Inc. (TSXV: HIS) provides its bi-weekly Default Status Report under Policy Statement 12-203 respecting Cease Trade Orders for Continuous Disclosure Defaults ("PSĀ 12-203"). As announced previously in its press releases dated May 23 and 29 and June 12, 2012 (collectively, the "Press Releases"), Hart Stores expects to file, before July 30 2012, its audited financial statements for the fiscal year ended January 29, 2012 as well as, the related management's discussion and analysis and the CEO and CFO certifications. Because of the above stated delay, Hart Stores will not file its interim financial statements for the first quarter ended April 29, 2012 until the end of August 2012.

Other than noted above, there have not been any material changes to the information contained in the Press Releases or any failure by Hart Stores to fulfill its stated intentions and there are no subsequent additional defaults or anticipated defaults. Further, there have been no additional material changes respecting Hart Stores and its affairs.

About Hart Stores Inc.:

Hart Stores Inc. operates a network of 60 mid-sized department stores located in secondary and tertiary markets in Eastern Canada, where the Company has established a dominant position in many of the communities that it serves. The stores offer an extensive and differentiated selection of national and exclusive fashion apparel brands as well as family footwear, home furnishings, electronics, appliances, giftware, toys and seasonal goods.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


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