www.hartegold.com TSX: HRT FRANKFURT: H4O OTC: HRTFF Corporate Presentation March 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 C$0.70 Cantor Fitzgerald Buy C$1.20 Haywood Capital Mkts Buy C$0.80 Symbol TSX: HRT Major Shareholders* FRANKFURT: H4O Appian Natural Res. 19.9% OTCBB: HRTFF Orion Mine Finance 7.2% Old Mutual 0.9% Market Cap Management 4.5% C$230 million (C$0.37/share) Debt Financing for up to Shares Outstanding US$70 Million 596 million (Basic) Sprott Inc. US$50 M 658 million (Fully Diluted) Appian Natural Res. US$20 M 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 • Growing to 70,000 – 80,000 oz production at 800 tpd Consensus P/NAV 1 1.2x History of Delivering 0.7x 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 PEA + 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
PEA MINE PLAN Objective Was to Start Small, Use Near Term Production to Continue Development Areas Mined Lower grade Sugar Zone South Ramp Sugar Zone Sugar Zone South Ramp North Ramp Throughput 510 tpd Production 33,233 oz 2019 Middle Zone Grade 5.83 g/t Cash Cost US$953/oz AISC US$1,630/oz (underground development) 2020+ Areas Mined Higher grade areas of Sugar Zone North and South Throughput 800 tpd (supported by existing surface infrastructure) Production 70,000 - 80,000 oz North Target Grade 7.0 - 8.0 g/t Cash Cost US$445/oz AISC US$658/oz (lower sustaining CAPEX) 7 7
SIGNIFICANT RESOURCE UPDATE 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 8
CONTINUALLY IMPROVING MINE PLANNING Feasibility Study and Updated Life Of Mine Plan (Target Q1 2019) There are a number of ways to improve mine planning based on work completed in 2018 Stope Blast At 140 Level (December 2018) New Optimize Resource Grade Model • 90,000 meters of drilling not Open up higher grade in the mine plan areas earlier in the mine plan Sill Width (3m) • Inferred resources converted to higher grade Indicated Mine Control Higher Management Dilution Throughput Optimize sill Optimize stope Achieve 800 tpd drives widths sequencing, development ahead of 2020 target underground to better Blasted Stope (1.8 m) manage grade – CLEAN BREAK 9 9
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 10 10
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 11 11
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 12 12
KEY TAKEAWAYS Commercial production Production growth: 70,000 - 80,000 oz achieved annully , generates cash flow for continued development Operations are stabilized, simple Feasibility study and optimized life of mine design , excellent continuity mine plan targeted for Q1 2019 Property wide exploration underway – Resource update completed, only 10% of the land package has Feasibility Study underway to declare reserves been explored! 13 13
APPENDIX ONTARIO’S NEWEST HIGH GRADE GOLD PRODUCER
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