DISCOVERY DRILLING AT CERRO CASCARON

Transcription

1 July 19, 2018 Corporate Presentation DISCOVERY DRILLING AT CERRO CASCARON A new and undrilled high grade gold/silver district in Mexico

2 Forward looking information Some statements in this presentation contain forward looking information. These statements address future events and conditions and, as such, involve inherent risk and uncertainties. Actual results could be significantly different from those projected. Risks and uncertainties of the Company s business are discussed in the Management Discussion and Analysis of the Company s Annual and Quarterly Reports, available both on the Company s website at and at A number of mineral resources or significant occurrences disclosed herein relate to nearby properties owned by other companies, and the data presented have been extracted from these companies press releases and websites. A Qualified Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company s properties. Warren Bates, P.Geo., Director of Property Investigation for Harvest Gold, the Qualified Person for this document for the purposes of National Instrument , prepared or supervised the preparation of the technical information contained herein.

3 The World Needs New Major Discoveries

4 Harvest Gold s New Acquisition Cerro Cascaron A high grade, epithermal gold/silver discovery in the Sierra Madre Occidental, Chihuahua, Mexico Showing coarse visible gold (1,670 g/t Au) from Serpiente Dorado prospect

5 A Company Making Opportunity Cerro Cascaron 69 km 2 project encompassing a new high-grade epithermal gold/silver district located in the Sierra Madre Occidental (SMO) region of Chihuahua state, Mexico Bonanza grades of up to 1,670 g/t Au and 1,490 g/t Ag in main gold field Gold rich, low sulfidation epithermal system similar to La Cienega and Palmarejo; 16 quartz and quartz-breccia veins up to 25 m wide, 1800 m long and 900 m vertical extent Sampling of adits at Cascarita returned five channel sample cuts with widths of 1.4 to 3.3 metres that grade between 231 and 542 g/t silver equivalent*; Road accessible, but no modern exploration NEVER DRILLED

6 Located in a Prolific Belt of World Class Gold and Silver mines Elephant Country Cerro Cascaron is 55 km southeast of Goldcorp s past producing 1.75 M oz Au El Sauzal Gold mine Other major mines in SMO: Palmarejo (1.25 M oz Au; 82 M oz Ag) Ocampo (2.5 M oz Au; 118 M oz Ag) Mulatos (4.7 M oz Au)

7 Discovery Drilling Typical Exploration Stock Price Cycle Initial Drill Success

8 Example of Exploration Success: Evrim Resources Evrim Exploration Success at 100% owned Cuale Project Drives Share Price April 16, g/t Au in trench 3,500,000 3,000, ,500,000 Cdn$/share April 9, g/t Au in trench 2,000,000 1,500,000 Volume ,000, , Jul Sep Nov Jan Mar May Jul-18 0

9 Alain Charest Vice President Exploration, Mexico, Evrim Resources Discovered Cerro Cascaron Opportunity I believe we are on the verge of making a district scale discovery with this undrilled opportunity Alain Charest Former VP of Exploration for Francisco Gold Corp. and Chesapeake Gold; credited with the discovery and development of: The ~1.75M+ ounce El Sauzal gold deposit in Mexico (acquired by Glamis Gold in 2002 for $344 million); The co-discovery of the ~5M ounce (gold equivalent) Marlin gold-silver deposit in Guatemala in 2000 (now owned by Goldcorp); The ~1.2M+ ounce La India gold deposit (acquired by Agnico-Eagle in takeover of Grayd Resource Corporation in 2011 in transaction valued at $275 million; and The discovery of the ~18.5M gold, 526M ounce silver Metates project owned by Chesapeake Gold.

10 Cascaron Deposit Model Low-intermediate sulfidation epithermal vein deposit model for Cerro Cascaron confirmed by geochemistry and rock textures Carabina North San Pedro North El Salto Serpiente North Julieta North Dolores San Pedro

11 Cerro Cascaron District Size (69 km 2 ) Geology and Gold Trench Occurrences Cascarita: SILVER Newly discovered silver rich breccia pipe up to 1,170 g/t Silver, 1.6% Zinc; 1.8 % Lead 10 km Cascaron: GOLD Vein field with rock samples > 10 g/t Au 8 km

12 Cascaron Topography and Veins Mina San Pedro (behind hill) Quartz after bladed calcite; 12g/t Au Mina Dolores Banded Quartz; 30.9g/t Au, 376g/t Ag Julieta/Serpiente Dorada Visible gold; 1,670g/t Au, 1,490g/t Ag UVS Rhyolites Divisadero 9.24g/t Au, 134g/t Ag LVS Andesites La Prieta Tourmaline breccia; 39.7g/t Au, 20.9g/t Ag Au in rock chips Granodiorite >10 g/t 3-5 g/t 1-3 g/t.5-1 g/t.1-.5 g/t

13 Cascaron Pathfinder Soil Samples Pathfinder soil samples identify vein locations, deposition temperature and vertical zonation of vein forming minerals

14 Cascaron Geochemistry has Extended Vein Lengths to up to 1,800m Vein Name Original sampled length (m) from rock sampling Conceptual length of vein corridor from gold, silver or pathfinder geochemistry (m) Serpiente Dorada 400 1,400 Comment Open along strike to southwest. Strong Au, Ag, Sb, Mn New Vein (from soils) 0 1,800 Strong Au, Ag, Sb, Hg La Puerta Au, Ag Dolores Vein Strong Ag, Sb, Pb San Pedro Parallel (New target from soils) San Pedro 200 1,500 Carabina 250 1,800 Located 300 m to the east of San Pedro Strong Ag, Sb Open to north and south along strike Strong Ag, Hg, Pb, Mn Open to north and south along strike Au, Ag, Pb, Zn, As, Sb, Mn

15 Cascaron Drill Target Methodology B B A A

16 3000m Planned Phase 1 Drilling Program B B Twelve drillholes planned at the Cascaron Veinfield gold target and Cascarita silver veins 2,450m of drilling to test priority one drill targets A A 550m of follow up drilling based on initial results Drill testing of the Serpiente Dorada, San Pedro, Carabina, Julieta and Cascarita veins Cascaron Veinfield 12 week drill program using a manportable drill rig

17 Cascaron 2500m Drilling Plan A 150 m A B 200 m B Cascaron Veinfield

18 Cascarita Silver District Geology Silver Occurrences Cascarita: SILVER Newly discovered silver rich breccia pipe up to 1,170 g/t Silver, 1.6% Zinc; 1.8 % Lead 10 km Cascaron: GOLD Vein field with rock samples > 10 g/t Au 8 km

19 Cascarita Silver Target A New Drilling Priority 1,170g/t Silver and 2.72g/t Gold

20 Cascarita Silver Target Adit Sampling Sample Width Silver Lead Zinc Ag-Eq* Cut (metres) (g/t) (%) (%) (g/t) C C C C C *Note: Silver-Equivalent Ag-Eq = Ag + (Pb%*22.046*Pb price*31.103/ag price) + (Zn%*22.046*Zn price*31.103/ag price). Metal prices used for this formula: Ag = $US 16.25/oz, Pb = $US 1.00/lb, Zn = $US 1.25/lb. Recoveries of 100% are assumed for the silver-equivalent values. C11 C13 C10 C12 C14 C1 C2 C3 C15 C9 C7 C5 C8 C6 C4 Sampling shows ore grade silver+lead+zinc mineralization over widths greater than 3 m (5 km from main vein field)

21 Cascarita 500m Drilling Plan Cascarita

22 Cerro Cascaron Ready to Drill Now Drillhole planning from Harvest Phase 1 program completed; Priority One targets directly beneath sampled surface mineralization Priority Two stepping out from known mineralization, targeting structural intersections and geochemical signatures Proposed ~3000 meter initial program targeting six veins at Cascaron and two veins at Cascarita. Hole depths of meters. NEVER DRILLED

23 Harvest Gold Technical/Advisory Team Warren Bates, P.Geo. Director of Property Investigation 30+ years experience in mining and exploration, focused on gold, porphyry copper, VMS and nickel. >10 years experience as VP Exploration for Pelangio Exploration Inc. Alain Charest, P.Geo. V.P. Mexican Exploration, Evrim Resources Corp. 30+ years of field geology with an emphasis on Latin America Discovered/co-discovered El Sauzal (Mexico), Marlin (Guatemala), La India (Mexico) and Metates (Mexico) Received prestigious Ostokakani Award in 2014 for his contribution to Mexican exploration & mining Charles Funk, P.Geo. V.P. New Opportunities and Exploration, Evrim Resources Corp. 11+ years of experience reviewing exploration opportunities in the Americas for Newcrest Mining and OZ Minerals Part of the Oxiana/OZ Minerals discovery teams for at Ankata and Khamsin IOCG deposits in South Australia David Mosher, P.Geo Independent Director 35+ years of Canadian resource company management and geological experience Former President and CEO of High River Gold Mines Ltd. opened 5 mines in Russia and West Africa Has raised over $300M for mine financing and exploration since 1993 Neil Richardson, P.Geo. President of Forensic Geoscience North Inc., a geological consultancy >28 years experience in exploration for VMS, gold and magmatic nickel-copper sulphide deposits COO of VMS Ventures Inc. and North American Nickel from 2011 to While at VMS Ventures, led the Joint Venture technical committee overseeing development of the Reed Mine >thirteen years at Hudbay Minerals Inc. in mine and exploration geology and was part of the team that discovered numerous base metal zones in Manitoba and Saskatchewan. Len Brownlie, P.h.D. Consultant 30+ years experience in management of gold and silver mining and exploration companies. Former President and CEO of Africa focused Goldrush Resources Ltd. (merged with First Mining Gold Corp. in 2016) and a Director and Secretary of Mexican silver producer First Silver Reserve Inc. (merged with First Majestic Silver Corp. in 2006)

24 Cerro Cascaron Project Deal Structure Harvest Gold will acquire up to an 80%* interest in the Cerro Cascaron by: Paying lease payments and property costs of $240,000 over 3 years to earn 70%; and Time Exploration (CDN) Cash (CDN) Shares On TSX.V Approval - - 1,000,000 December 31, 2018 $1.0 million $200,000 - June $1.0 million $100,000 - End of Year 3 $2.0 million $100,000 - End of Year 4 $2.0 million $500,000 1,000,000 TOTAL $6.0 million $900,000 2,000,000 Harvest can earn an additional 10% by funding a compliant feasibility study within an additional 5 years while spending a minimum of $2.0 M/year or delivering 200,000 shares to Evrim; and paying $200,000 upon delivery of the feasibility study. Harvest can delay the 2 nd or 3 rd year exploration expenditures by paying Evrim $100,000 per year. *subject to a 1% NSR royalty payable to each of two property vendors. If Evrim s interest falls below 10%, their residual interest will revert to an additional 2% NSR royalty

25 Corporate Information TSX Venture Exchange (Canada): Shares Issued: Warrants (27.1 M at $0.10; expire Sept./Oct., Potential $2,710,000) Warrants (9,592,000 at $0.10; expire ~ May/June, 2020 Potential $978,400) Major Shareholders Original shareholders after 10:1 rollback (Price 50c): CanaSur Shareholders after 4.6:1 rollback (Price 25c): September 2016 private placement $0.05) Management: Trading Details Current price: Market Capitalization: 1 Year Trading Range: Avg. daily trading volume (previous two months) 61,374,864 ~20% ~32% ~20% ~10% $0.055 ~$3.4 million $ $0.10 ~174,000

26 Harvest Gold Directors and Management Rick Mark, M.Ed (Admin) President, CEO and Chair, Director Over 30 years of Canadian public resource company management Led efforts to raise over $85M in the last 12 years Former President and CEO of VMS Ventures and North American Nickel David Mosher, P.Geo Independent Director >35 years of Canadian resource company management and geological experience Former President and CEO of High River Gold Mines Ltd. opened 5 mines in Russia and West Africa Has raised over $300M for mine financing and exploration since 1993 Joel Matheson, Q.C. E.C.N.S. Independent Director Held elected positions in the Government of Nova Scotia including Minister of Finance, Mines and Energy, Justice and Attorney General Pat Donnelly, B.Sc (Geology), MBA Independent Director V.P. Corporate Development, Trilogy Metals Inc. Former President First Mining Gold Corp. completed 8 M&A transactions and built company from market cap. of CDN$30 million to $600 million in 3 years Ed Zablotny Independent Director >35 years venture capital markets, trading, credit and compliance experience Christopher Cherry, CA, CGA - CFO and Director >15 years corporate accounting and audit experience

27 Summary Cerro Cascaron - The right deal at the right time New high grade gold and silver discovery with significant size and depth potential and multiple drill targets in a belt of world class deposits; Mining friendly, politically stable jurisdiction; Straightforward deal to allow Harvest to acquire 80% interest in project; Experienced and knowledgeable exploration team in place no need to re-invent the wheel ; Low cost opportunity to participate in leverage associated with discovery of a potential world class gold district.

28 Head Office: Suite West Pender St. Vancouver, BC V6C 2T7 Contact: Rick Mark, Pres. & CEO Telephone: