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Annual General Meeting June 21 st 2018 G O L D C O R P

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Page 1: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

Annual General Meeting

June 21st 2018

G O L D C O R P

Page 2: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT2

FORWARD LOOKING STATEMENTS

All figures in CAD, unless otherwise noted

Figures in USD were converted at CAD/USD 0.8000

All tonnages in metric, unless otherwise noted

This presentation contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Harte Gold’s development potential and timetable of its operating, development and exploration assets; Harte Gold’s ability to raise additional funds necessary; the future price of gold; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of

estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or

"believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Harte Gold to be materially different from those expressed or implied

by such forward-looking statements, including but not limited to those risks described in the annual information form of Harte Gold and in its public documents filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Harte Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward-looking statements. Harte Gold does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Harte Gold’s annual and interim MD&As.

Page 3: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT3

COMPANY SNAPSHOT

CORPORATE STRUCTURE INSTITUTIONAL SUPPORT

Analyst Following:

Major Shareholders1:

Headquartered:

Toronto, Ontario, Canada

Market Cap:

C$210 million (C$0.37 June 19th)

19.9%

Shares Outstanding:

575 million (Basic)

637 million (Fully Diluted)

Symbol:

HRT: TSX

H4O: FRANKFURT

HRTFF: OTC

Head Office(Toronto)

2.1%

0.9%

7.2%

Debt Financing For Up To US$70 Million:

US$20 million

US$50 million

Page 4: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT4

Stephen G. Roman Chairman, President & CEO;

BA

35+ years

Discovered Gold Eagle, sold to Goldcorp ($1.5B)

Verena Minerals / Belo Sun

– Volta Grande, Black Fox,

Gabriel Resources Limited

PDAC “Bill Dennis Award”

winner, Prospector of the

Year, 2016

EXPERIENCED MANAGEMENT TEAM

Roger J. EmdinVice President, Operations;

P.Eng.

30+ years

Senior management and operating experience

Experience with large

operating mines including

Glencore’s Nickel Rim

South Mine

Chairman CEMI – Center

for Excellence in Mining

Innovation

George FlachIndependent Consultant;

B.Sc. P.Geo.

30+ years

Discovered / developed gold projects in West

Africa

20Moz Gold Fields

Tarkwa, 4Moz Bogosu

and 2Moz Benso mines in

Ghana

2Moz Goulagou mine in

Burkino Faso

Rein LehariChief Financial Officer;

CPA, CA

30+ years

Previously Partner, PricewaterhouseCoopers

Business valuation, M&A,

corporate finance

Page 5: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT5

EXPERIENCED MANAGEMENT TEAM (Cont’d)

Steve BallGeneral Manager, Sugar

Zone Mine; P.Eng.

30+ years

Technical, operations, human resources,

corporate affairs and

project management

Formerly Mine Manager

at Vale’s narrow vein

Coleman Mine and

Voisey’s Bay

Shawn HowarthVice President, Corporate

Development; MBA, B.Eng.

15+ years

Experience in corporate finance, corporate

strategy and valuations

Formerly an investment

banker with Standard

Chartered Bank

Tim CampbellVice President & Secretary;

BA Hons.

20+ years

Government & Permitting

First Nations & Community

consultation

Corporate finance

Regulatory compliance

Bob KusinsResource Geologist;

P.Geo.

35+ years

Underground mine geologist, geological

database management,

modelling and resource

estimation

Formerly Chief

underground geologist at

Barrick’s Hemlo Mine

Page 6: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT6

MILESTONES ACHIEVED DURING 2018

Resource update: tripled resource

PEA: $425 million pre-tax NPV5% at US$1,350/oz, 60% pre-tax IRR1

Comprehensive debt financing package for up to US$70 million

IBA signed with Pic Mobert First Nation (PMFN)

1) 5% discount rate at gold price US$1,350/oz and CAD:USD 0.8000

Final permitting expected: July 2018

Full Production: H2 2018

HARTE GOLD HAS DELIVERED ON ALL TARGETS TO-DATE

Resource Update: Q4 2018

Page 7: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT7

FULLY FUNDED TO PRODUCTIONDEBT FINANCING PACKAGE WITH SPROTT AND APPIAN

Benefits

Flexible principal and interest schedule supports ramp-up of operations

Sufficient liquidity to protect against unforeseen downturn in commodity prices

No equity commitment

No hedging, no cashflow sweeps and no debt service reserve account

No off-take or royalty

No commitment to draw full US$70 million

Page 8: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT8

H2 2018

H1 2021

H2 2019

Today

PHASED MINE PLAN INCREASING TO 1,400 TPDPROVIDES EARLY CASH FLOW AND LONGER TERM GROWTH

Phase 1:540 tpd

(2018 - 2019)

Phase 2:800 tpd(2020)

Phase 3: 1,400 tpd(2021+)

Low risk ramp-up to commercial production

Existing surface and underground mining infrastructure is sufficient to supportincreased throughput

Throughput increased by adding second ball mill and leach circuit

Expansion to the Middle Zone allows for multiple stoping areas

Page 9: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT9

PRODUCTION PROFILE TO +100,000 Oz/YearSCALABLE MINE PLAN DESIGNED TO MATCH UNDERGROUND DEVELOPMENT

20

40

60

80

100

120

140

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

Pro

du

ctio

n (

ko

z A

u)

Phase 1 & 2 (800 tpd) Phase 3 (1,400 tpd)

Throughput and Grade

Production Forecast

0.0

2.5

5.0

7.5

10.0

150

300

450

600

2018 2020 2022 2024 2026 2028

Gra

de

(g

/t A

u)

Thro

ug

hp

ut

(ktp

a)

Phase 1 & 2 (800 tpd) Phase 3 (1,400 tpd) Diluted Head Grade

Exploration Potential

Resource Growth

Page 10: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT10

FIRST QUARTILE CASH COST PRODUCERAISC CASH COST OF US$708/OZ OVER LIFE OF MINE

Source: SNL Market Intelligence, 2017 gold production ranked all in sustaining costs

* Projected positioning based on LOM all in sustaining costs relative to current producers

AISC Curve Illustrating Sugar Zone Vs. Other Selected High Grade Canadian Underground Mines

Cumulative Production

25% 50% 75% 100%

$500

AIS

C (U

S$

/oz)

$2,500

$3,000

$1,000

$1,500

$2,000

0%

Su

ga

r Zo

ne

, H

art

e G

old

*

Se

ab

ee

, SSR

Ma

ca

ssa

, K

irk

lan

d L

ak

e

Ho

pe

Ba

y, TM

AC

Isla

nd

Go

ld,

Ala

mo

s

Ea

gle

Riv

er,

We

sdo

me

He

mlo

, B

arr

ick

Page 11: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT11

NPV AND IRR SUMMARY

Unit

Gold Price Sensitivities

US$1,150/oz PEA Pricing US$1,350/oz

Macro Parameters

Gold Price US$/oz $1,150 $1,250 $1,350

Exchange Rate CAD:USD 0.80 0.80 0.80

Pre-Tax NPV and IRR

NPV @ 5% M C$ $263 $344 $425

IRR % 40% 50% 60%

Post-Tax NPV and IRR

NPV @ 5% M C$ $189 $244 $299

IRR % 34% 42% 50%

Page 12: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT12

OPPORTUNITIES TO ENHANCE VALUE

Improve head grade

Add resources to mine plan

Optimize mine plan

Increase drill density to improve overall grade

Infill drilling to date has returned very positive results

+500,000 ounces currently not factored into mine plan

Incorporate results from Wolf Zone and Footwall Zone

PEA contractor mining costs were conservative

Significant potential to optimize mine plan

Page 13: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT13

OPPORTUNITIES TO ENHANCE VALUEAREAS TARGETED FOR NEAR MINE DRILLING “LOW HANGING FRUIT”

Sugar Zone Middle Zone

1

3

Sugar Zone

Infill

Middle

Zone Infill

2

Middle

Zone

Footwall

2

Sugar Zone

Footwall

Indicated Resources

Inferred Resources

Page 14: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT14

SUGAR ZONE DEEP INFILL RESULTSPOSITIVE DRILLING TO IMPROVE RESOURCE GRADE AND ADD OUNCES TO THE MINE PLAN

Page 15: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT15

Wolf ZoneSugar Zone DepositSE NWMiddle Zone

Current Infrastructure

Planned Infrastructure

Previously Drilled

Au gpt100

0

3

10

FW 5.41gpt

Au/7.66m

Current Drilling

FW 38.06gpt

Au/2.29m

FW 6.42gpt

Au/4.23m

0 m

250 m

1,000 m

500 m

750 m

FW 10.75pt

Au/1.58m

FW 10.98gpt

Au/1.43m

FOOTWALL ZONE DISCOVERYENTIRELY NEW ZONE OF MINERALIZATION THAT COULD POTENTIALLY ADD SIGNIFICANT OUNCES

Page 16: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT16

MIDDLE ZONE INFILL RESULTSCONTINUED GROWTH OF HIGH GRADE AREA

Page 17: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT17

WOLF ZONENEW AREA OF MINERALIZATION, CONTINUES TO EXPAND

Page 18: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT18

ENHANCING PROJECT VALUESEVERAL OPPORTUNTIIES NOT CAPTURED IN THE PEA

$150

$300

$450

$600

$750

US$1,250/oz

Gold Price

US$1,350/oz

Gold Price

Improve Head

Grade

Upgrade

Resources

Mine Plan

Optimization

Exploration

Upside

Pre

-Ta

x N

PV

5%

($ M

illio

ns)

Opportunities To Further Enhance Value

Sugar Zone NPV Potential

$344

$425

?

?

head grade:

7.0 – 8.0 g/t

mineable

resource by

534,000 ounces

mining

dilution, lower

mining costs

PEA Pre-Tax NPV5%

?

?

?

Page 19: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT19

Increased overall land

position to 83,850 hectares

35 Km strike length to be

explored

Near-mine targets Sugar,

Middle and Wolf Zones

Several regional exploration

targets identified

NEAR-MINE AND PROPERTY-WIDE EXPLORATION

`Sugar Zone

Middle Zone

Wolf Zone

EM

Targets

Eagle Zone

Fisher Zone

Lynx Zone

Highway Zone

Page 20: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT20

CONSTRUCTION AND PERMITTING UPDATE

Construction Update

Mill construction substantially complete

Grid connection scheduled for end of July

Underground development to support commercial production is underway

Permitting

IBA signed with proximal First Nation Band

Crown consultation nearing completion

Closure Plan Amendment submitted to MNDM

MOECC operating permits are in technical review

Target date for final permits: end of July, to coincide with grid connection and mill start-up

Page 21: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT21

KEY TAKEAWAYS

Fully funded to production

Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production

Simple mine design, well understood orebody. 100,000 tonnes mined to-date

AISC US$708/oz – first quartile cash cost producer

$425 million pre-tax NPV5% at US$1,350/oz gold

Several opportunities to continue to grow value:

Improvements to grade with continued infill drilling

Include 534,000 ounces of resource currently not in the mine plan

Optimize mine plan, reduce dilution, lower mining costs

Page 22: G O L D C O R P...Scalable mine plan: 1,400 tpd, +100,000 ounces of annual production Simple mine design, well understood orebody. 100,000 tonnes mined to-date AISC US$708/oz –first

TSX: HRT22

G O L D C O R P