www.hartegold.com TSX: HRT FRANKFURT: H4O OTC: HRTFF Corporate Presentation April 2019 1
FORWARD LOOKING STATEMENTS 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, d evelopment and exploration assets; Harte Gold’s ability to raise additional funds necessary; the future price of gold; the estimation of mineral reserve s 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 i nterim MD&As. All figures in CAD, unless otherwise noted All tonnages in metric, unless otherwise noted 2
COMPANY SNAPSHOT Corporate Structure Institutional Support Headquartered Analyst Following Toronto, Ontario, Canada Macquarie Buy Cantor Fitzgerald Buy Haywood Capital Mkts Buy Symbol TSX: HRT FRANKFURT: H4O Major Shareholders* OTCBB: HRTFF Appian Natural Res. 19.9% Orion Mine Finance 7.2% Old Mutual 0.9% Market Cap C$170 million (C$0.28/share) Debt Financing for up to US$70 Million Shares Outstanding Sprott Inc. US$40 M 599 million (Basic) Appian Natural Res. US$20 M 674 million (Fully Diluted) Head Office (Toronto) * As at Q4 2018, source: Bloomberg 3
PROJECT LOCATION Located on a Major Greenstone Belt in an Established Mining Region 4
INVESTMENT HIGHLIGHTS Newest Producer, Significant Near Term Upside The Newest, High Grade Canadian Gold Producer • Commercial production declared in January 2019 • 61 Koz/yr targeted at 800 tpd, low cost expansion Consensus P/NAV 1 to +95 Koz/yr 1.2x 0.7x History of Delivering Consistent Resource Growth • Resource more than tripled from 2015 to 2019 0.3x • 1.1m oz Indicated – 55% increase from 2018 District Scale Harte Gold Peer Average Highest Peer Exploration Potential • 83,850 hectare land package, 30 Km strike potential • Over 90% of the property is unexplored 1. Source: analyst estimates 5
MILESTONES ACHIEVED Asset de-risked – Share price has yet to reflect it Declared Commercial Production First Gold Pour IBA signed with Pic Mobert FN Footwall Zone discovery at the Sugar, Middle and Middle Zone Wolf zones converging at depth Production Permits Received US$70 million 2018 – A big year for Harte Gold 2018 – A big year for Harte Gold comprehensive debt financing announced Resource Update: Tripled Resource Q1 Q2 Q3 Q4 6 6
SIGNIFICANTLY EXPANDED RESOURCE Upgrade of Indicated Resources Will Positively Improve Mine Plan Economics 2018 – 2019 Mineral Resource Estimate Comparison (3 g/t Cut-Off) ✓ 55% increase Indicated Resources Indicated Inferred Grade Contained Grade Contained M tonnes M tonnes ✓ Grade continuity (g/t) Au (oz) (g/t) Au (oz) confirmed, lower grade February 2019 4.2 8.12 1,108,000 2.9 5.88 558,000 Inferred upgraded to higher 2.6 8.52 714,200 3.6 6.59 760,800 grade Indicated 2018 ✓ Infill drilling continues to successfully upgrade resources and increase grade! ✓ Mineralization expanded – now includes Wolf, extended 1,300 metres down dip ✓ Convergence of zones at depth continues 7
FEASIBILITY STUDY (APRIL 2019) “Base Case”: 800 tpd operation producing 61,000 ounces annually over 14 year mine life Recovered Gold and Grade (Base Case) Feasibility Study Summary Commodity Price and FX 90 10.0 Gold Price US$/oz 1,300 80 9.0 CAD:USD CDN:US 0.77 Mine Plan Summary 70 8.0 Mine Life Years 14 Recovered Gold (Koz) 60 Head Grade (g/t) Resource Mined Kt 3,879 7.0 50 Diluted Grade g/t Au 7.1 6.0 Processing Rate tpd 800 40 Recovered Gold 5.0 30 Overall Recovery % 95.5% 4.0 Gold Recovered (Life of Mine) Koz 849 20 Annual Production Koz/yr 61 3.0 10 LOM Operating Cost 0 2.0 Cash Operating Cost US$/oz 643 AISC Cost US$/oz 845 Net Free Cash Flow Recovered Gold Annual C$ million $30.9 Head Grade LOM Cumulative C$ million $374.8 8
NEAR MINE RESOURCE POTENTIAL Feasibility mine plan makes up a small portion of overall resource mineralization 9
FEASIBILITY STUDY: VALUE OPPORTUNITY Expansion to 1,200 tpd throughput by 2022 800 tpd "Base Case" Expansion to 1,200 tpd 120 Expansion Case: 95,000 oz/yr 100 Feasibility Study Production (koz Au) 80 “Base Case” Annual: 61,000 oz/yr 60 40 20 0 2019 2020 2021 2022 2023 2024 2025 2026 2027 10
FEASIBILITY STUDY: VALUE OPPORTUNITY Mine life extension from Mineral Resource conversion and expansion 11
NEAR MINE EXPLORATION Objectives for 2019 OBJECTIVES: 1 ✓ Focused drilling – target highest value areas! 2 ✓ Downhole IP – proven to be a valuable tool for generating targets 3 ✓ Convergence at depth – continue to prove our understanding of the deposit 12 12
PROPERTY-WIDE EXPLORATION Objectives for 2019 OBJECTIVES: 1 ✓ Extend mineralization on strike and down dip of existing deposits 2 ✓ Discover mineralized trends adjacent to Sugar and Middle 3 ✓ Second pass exploration of defined target areas 13 13
PROPERTY WIDE EXPLORATION Accomplishing Our Objectives Target Areas Rationale Budgeted Work • Hambleton Zone • Extension of known mineralization to the north • VLF surveying completed • 826 ppb soil samples significantly higher than • Diamond drilling samples from Sugar and Middle • Other anomalous elements (Cu, Pb, Zn, Ni, Co) detected in soil samples • K7 South • Southern extension of mineralization to Sugar and • VLF surveying Middle Zone, similar setting • Diamond drilling • Prospecting samples returned anomalous gold and base metals • Several outcrops of altered feldspar porphyry and altered mafic volcanics • Flat Lake Area • Northeast extension of the greenstone trend which • VLF surveying hosts the Sugar and Middle Zones • Diamond drilling • VLF surveys are following up conductive as well as highly resistive airborne anomalies 14 14
KEY TAKEAWAYS Commercial production Feasibility Production: 61,000 ounces achieved annually over LOM Operations are stabilized, simple Feasibility Study: several value mine design , excellent continuity opportunities identified Property wide exploration underway – Resource update completed, only 10% of the land package has Feasibility Study underway to declare reserves been explored! 15 15
APPENDIX ONTARIO’S NEWEST HIGH GRADE GOLD PRODUCER
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