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Corporate Presentation,September, 2018
G O L D C O R P
www.hartegold.comTSX: HRT | FRANKFURT: H4O | OTC: HRTFF
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 mineralreserves 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 futureactivities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permittingrisks. 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 unknownrisks, 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-lookingstatements, 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 thatcould 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 noassurance 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 onforward-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 uncertaintiessections of Harte Gold’s annual and interim MD&As.
TSX: HRT3
COMPANY SNAPSHOT
CORPORATE STRUCTURE INSTITUTIONAL SUPPORT
Analyst Following:
Major Shareholders1:
Headquartered:Toronto, Ontario, Canada
Market Cap:C$260 million (C$0.45 Aug 30th)
19.9%
Shares Outstanding:581 million (Basic)643 million (Fully Diluted)
Symbol:TSX: HRTFRANKFURT: H4OOTCBB: HRTFF
Head Office(Toronto)
2.1%
0.9%
7.2%
Debt Financing For Up To US$70 Million:
US$20 million
US$50 million
TSX: HRT4
PROJECT LOCATION83,850 HECTARES (>200,000 ACRES) CLAIMED ON A MAJOR GREENSTONE BELT IN AN ESTABLISHED MINING REGION
TSX: HRT5
KEY MILESTONES
Resource update: tripled resource
PEA: $425 M pre-tax NPV5%, 60% pre-tax IRR1 Comprehensive debt financing package, up to US$70 M
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: September 2018Commercial Production: Q4 2018
THE NEXT 12 MONTHS ARE CATALYST RICH FOR HARTE GOLD
Resource Update: Q1 2019Updated mine plan, final technical report: Q1 2019
TSX: HRT6
(68%)
(38%)
(38%)
(15%)
(15%)
(12%)
(11%)
(2%)
3%
7%
10%
48%
62%
102%
TMAC Resources
Equinox Gold
Victoria
Premier Gold
Marathon Gold
Osisko Mining
Lundin Gold
Argonaut Gold
Midas Gold
Pretium
Pure Gold
Harte Gold
Wesdome Gold
Atlantic Gold
PERFORMANCE IN THE JUNIOR GOLD SECTORTHE MARKET SHOULD RESPOND POSITIVELY TO HARTE GOLD DELIVERABLES OVER THE NEXT SIX MONTHS
Successful start-up, “painless” transition to producer status
Grow near mine resources through successful exploration
Demonstrate the district scale potential of the overall land package
POSITIVE MARKET THEMES
SHARE PRICE PERFORMANCE OF PEERS SINCE JANUARY 2017
TSX: HRT7
SUGAR ZONE: THE NEXT ONTARIO GOLD MINEHARTE GOLD IS JOINING A VERY SMALL LIST OF GOLD PRODUCERS IN ONTARIO, AN AREA KNOWN FOR PROLIFIC GOLD MINE PRODUCTION
Timmins West Mine /
Young-Davidson Mine /
Bell Creek Mine /
Taylor Mine / Rainy River Mine /
Over the last 8 years, only a small fraction of gold projects in Ontario were successfully advanced to commercial production. The Sugar Zone Mine will be the next producing gold mine in the region.
Sugar Zone Mine
2010 2012 2014 2016 2018
Changes to Ontario Mining
Act in 2013
Source: OMA, public company information
TSX: HRT8
75th Percentile
25th Percentile
HIGH GRADE RESOURCESUGAR ZONE IS ONE OF THE HIGHGEST GRADE, HIGHEST RETURN DEPOSITS IN DEVELOPMENT
Note: Data set includes worldwide FS, PFS and PEA stage projectsSource: SNL, public company information
0.1
1
10
100
1000
0.0
4.0
8.0
12.0
16.0
Mea
sure
d +
Indi
cate
d Re
sour
ce G
rade
(g/t
Au)
Project IRR (%)
Sugar Zone Project (as at time of PEA, May 2018):8.5 g/t Indicated Resource, 94th percentile42% Project IRR, 75th percentile
SUGAR ZONE RESOURCE ESTIMATECategory Tonnes Grade
(g/t)Contained
Au (oz)Indicated 2,607,000 8.5 714,200
Inferred 3,590,000 6.6 760,800
Comparison of Projects Under Development Worldwide
TSX: HRT9
LEADING GROWTH PROFILEHARTE GOLD PROVIDES SHAREHOLDERS LEADING EXPOSURE TO RESOURCE AND PRODUCTION GROWTH
* Selected single asset producers and < 200 Koz producers** Average resource increase divided by exploration budget for that periodSource: Analyst estimates, public company information
Reso
urce
Gro
wth
(201
6 –
2018
)
Production Growth (2019E – 2021E)
(100%)
(50%)
0%
50%
100%
150%
200%
250%
300%
350%
(50%) 0% 50% 100% 150% 200% 250%
Superior resource and production growth
RESOURCE AND PRODUCTION GROWTH OF SELECTED PRODUCERS*
` Gold production increasing to>100,000 oz/yr by 2021 (PEA)
Resources tripled after 2017 drilling(138,000 m at Sugar / Middle Zones)
130,000 m drilling currently underwayat Sugar, Middle, Wolf an Fox zones
Resource update targeted for early2019
Only ~10% of the overall landpackage has been explored!
Bubble size illustrates ounces delineated for exploration dollars spent**
TSX: HRT10
0
400
800
1,200
1,600
Cash Operating Cost
STRONG OPERATING MARGINSHARTE GOLD IS PROTECTED TO GOLD PRICE VOLATILITY
Low cost operation, simple metallurgy
Tabular ore body, steeply dipping –amenable to longhole stoping
Widths and modelled gradesconfirmed through Bulk Sample andPhase I Production
Near surface – ramp access, minimaldistance to mill
Operating costs in CAD dollars
Several opportunities under review tolower costs further!
STABLE EQUITY MARGINS AT CURRENT GOLD PRICES
Gold price:C$1,600/oz
Operating Margin:C$705/oz
Operating Cost:C$634/oz
Sustaining Cost:+ C$261/oz
AISC: C$895/oz
Figures in CAD, based on PEA Estimates
TSX: HRT11
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
TSX: HRT12
PRODUCTION PROFILE TO +100,000 Oz/YearSCALABLE MINE PLAN DESIGNED TO MATCH UNDERGROUND DEVELOPMENT
20406080
100120140
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Prod
uctio
n (k
oz 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
Au)
Thro
ughp
ut (k
tpa)
Phase 1 & 2 (800 tpd) Phase 3 (1,400 tpd) Diluted Head Grade
Exploration Potential Resource Growth
TSX: HRT13
OPPORTUNITIES TO ENHANCE VALUE
Improve head grade
Add resources to mine plan
Optimize mine plan
PEA incorporated drilling up to Dec. 2017
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
SIGNFICANT DRILLING COMPLETED IN 2018 TO SUPPORT THE FOLLOWING:
TSX: HRT14
OPPORTUNITIES TO ENHANCE VALUEAREAS TARGETED FOR NEAR MINE DRILLING “LOW HANGING FRUIT”
Southeast Northwest
TSX: HRT15
Southeast Northwest5 Kilometre Strike Length
2018 DRILL PROGRAMPOSITIVE DRILLING TO IMPROVE RESOURCE GRADE AND ADD OUNCES TO THE MINE PLAN
Wolf ZoneSugar Zone Deposit
Au gpt100
0
3
10
10.47gpt Au/1.40m
1.59gpt Au/3.30m
3.83gpt Au/10.66m
6.15gpt Au/6.17m
0 m
250 m
1,000 m
500 m
750 m
12.89gpt Au/2.28m
18.65gpt Au/2.23m
Middle Zone Fox Zone
23.64 gpt Au/2.28m (UZ)19.47 gpt Au/1.59m (UZ)17.94 gpt Au/1.40m (UZ)10.98 gpt Au/1.43m (FZ)10.75 gpt Au/1.58m (FZ)
OPEN
OPEN49.96gpt Au/1.42m
14.79gpt Au/3.03m
FW 6.42 gpt Au/4.23 m
FW 5.41 gpt Au/7.66 m
11.27 gpt Au/5.81m
16.46 gpt Au/6.55m
21.16 gpt Au/4.78m
12.14 gpt Au/3.10m
17.49 gpt Au/4.70m9.28gpt Au/1.59m
8.87gpt Au/1.87m
TSX: HRT16
ENHANCING PROJECT VALUE “STAIRWAY”SEVERAL OPPORTUNTIIES NOT CAPTURED IN THE PEA
$150
$300
$450
$600
$750
US$1,250/ozGold Price
US$1,350/ozGold Price
Improve HeadGrade
UpgradeResources
Mine PlanOptimization
ExplorationUpside
Pre-
Tax
NPV
5%($
Mill
ions
)
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
miningdilution, lower mining costs
PEA Pre-Tax NPV5%
?
?
?
TSX: HRT17
Increased overall land position to 83,850 hectares
35 Km strike length to be explored
Near-mine targets Sugar, Middle, Wolf and Fox Zones
Several regional exploration targets identified
NEAR-MINE AND PROPERTY-WIDE EXPLORATION
`Sugar Zone
Middle Zone
Wolf Zone
EM Targets
Eagle Zone
Fox Zone
Lynx Zone
Highway Zone
Fisher Zone
TSX: HRT18
CONSTRUCTION AND PERMITTING UPDATE
Construction Update
Construction of the crushing spread and mill complex is complete
Grid connection underway (end of August)
Underground development targets exceeded, critical infrastructure is complete
Permitting
Full operational permits targeted for September
IBA signed with proximal First Nation Band
Permit currently under a 30-day public commentary period
TSX: HRT19
KEY TAKEAWAYS Commercial production: Q4 2018
Production growth: +100,000 ounces of annual production by 2021
Simple mine design, well understood orebody. 100,000 tonnes mined to-date
AISC US$708/oz – first quartile cash cost producer
Opportunities to grow value:
− Improvements to grade with continued drilling
− 130,000 metres of drilling for 2018 that is not currently factored into Resources
− Add ounces currently not factored into the mine plan
− Optimize mine plan, reduce dilution, lower mining costs
Updated resource and mine plan targeted for Q1 2019
Property wide exploration underway – only 10% of the land package has been explored!
TSX: HRT
APPENDIX
TSX: HRT21
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 Bogosuand 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
TSX: HRT22
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
TSX: HRT23
UNDERGROUND MINING STARTED IN 2017
70,000 tonne bulk sample completed in 2017, ore shipped to Barrick’s Hemlo Mill for processing
30,000 tonnes of underground development completed to support commercial mining
Sugar Zone Mine is commercial production ready:
− Geology: Continuity, widths and modelled grades have been confirmed
− Mining: Long-hole mining, minimal dilution
− Processing: Simple metallurgy, high recoveries
− Costs: Mining costs confirmed
Mine Development > 2,500 m
Ore Shipped 67,454 DMT
Grade 8.5 g/t
Reconciliation with Barrick + 5%
Direct Mining cost C$85 / t
BULK SAMPLE HIGHLIGHTS (BARRICK’S HEMLO MILL)
Viewing stope along strike. Clean break, minimal dilution
Opened Longhole Stope
Steeply dipping ore, 65-70°
8 Meter Width
Lower Zone Ore Face100,000 TONNES OF MATERIAL MINED TO-DATE, DE-RISKING TO COMMERCIAL PRODUCTION
TSX: HRT24
FULLY FUNDED TO PRODUCTIONCLOSED DEBT FINANCING PACKAGE WITH SPROTT RESOURCE LENDING AND APPIAN CAPITAL
Sprott Facility Up to US$50 million under a senior secured credit facility
Appian Subordinated Loan US$20 million loan, subordinated to Sprott facility
BenefitsFlexible 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$70 million
TSX: HRT25
PEA SUMMARYInput Unit Value
Gold Price US$/oz $1,250 Exchange Rate CAD:USD 0.80 Average Annual Throughput (2019+) tpa 403,000Average Daily Throughput (2019+) Tpd 1,100Total Processed Tonnes 4,539,800Diluted Head Grade g/t 6.5Gold Recovery % 95.4% Mine Life Years 12Total Ounces Recovered Ounces 904,000Average Annual Production (Phase I & II) Ounces 54,500Average Annual Production (Phase III) Ounces 106,900Average Annual Production (LOM) Ounces 80,700 Peak Annual Production (2024) Ounces 121,400
Mining Costs C$/tonne $90.83 Processing Costs C$/tonne $28.71 Site G&A C$/tonne $8.46 Total Costs C$/tonne $128.01
LOM Average Cost* US$/oz $507 LOM AISC* US$/oz $708
Macro and Physical
Parameters
Cost Parameters
Cash Cost Summary
* Converted from CAD to USD at 0.8000
TSX: HRT26
NPV AND IRR SUMMARY
UnitGold 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%
TSX: HRT27
FIRST QUARTILE CASH COST PRODUCERHARTE GOLD’S ALL IN SUSTAINING CASH COSTS ARE IN THE TOP QUARTILE OF PRODUCERS
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
Cumulative Production
25% 50% 75% 100%
$500
AIS
C (
US$/
oz)
$2,500
$3,000
$1,000
$1,500
$2,000
0%
Suga
r Zon
e, H
arte
Gol
d*
AISC of US$708 / oz over mine life
TSX: HRT28
G O L D C O R P