Targeting a Large, High-Grade

Gold Discovery in Nevada

Corporate Presentation

July 2020

TSXV: DHR OTC:DCHRF Frankfurt:4GW

www.discoveryharbour.com

Disclaimers

FORWARD LOOKING STATEMENTS

This presentation by Discovery Harbour Resources Corp. (the “Company”) contains forward-looking

statements, including, in particular, statements about the Company’s plans, strategies and prospects.

These statements have been based on the Company’s current assumptions, expectations and projections

about future events. Although the Company believes that the expectations reflected in these forward-looking

statements are reasonable, the Company can give no assurance that these expectations will prove to be

correct or that results anticipated in the forward-looking statements will be achieved.

These forward-looking statements include risks and uncertainties. These risks and uncertainties include,

among other things, market conditions, industry uncertainty and other factors.

QUALIFIED PERSON

Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed

and approved the technical contents of this presentation.

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KEEPING IT SIMPLE: WHY DISCOVERY HARBOUR?

➢High grade gold in Nevada

➢ Caldera epithermal gold project in Nevada has many high grade gold results In historical

shallow drill holes, surface samples and old workings.

➢Never drilled deep to epithermal boiling zone

➢ Deepest historical drill hole only 194 meters, average historical drill hole <100 meters.

➢ Need to drill to 300 meters to intersect high grade underground potential on Caldera project.

➢Tight share structure

➢ Insiders own 40% of 39.7M outstanding shares.

➢Planning drill program for 2020

➢ 10 priority drill sites identified from 33 targets in 8 areas on Caldera gold project.

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Discovery Harbour Resources (DHR.V) - Overview TSX.V: DHR

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Targeting a Large, High-Grade, Gold

Discovery in Nevada

Excellent Share Structure40%-Owned by Board & Management

Shares Outstanding 39.7M

Warrants (1) (2) 20.9M

Options 2.2M

Fully Diluted 62.8M

1. 20.0M @ $0.10, 0.9M @ $0.150

2. 32.5% owned by insiders, 46.5% by strategic investors

Board

& Mgmt

40%

Retail

Investors

55%

Strategic

Investors 5%

Leadership TSX.V: DHR

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Mark Fields President & CEO, DirectorGeologist, oversaw sale of Geodex Mineral’s key asset to Northcliff Resources

(Hunter Dickinson). Developed and built metallurgical coal mine with Pine Valley

Coal; recipient of EA Scholz award in 2012.

Richard Gilliam DirectorMining entrepreneur. Founded and sold Cumberland Resources to Massey Energy

for US $960 Million.

Andrew

HancharykDirector Corporate and securities lawyer with extensive public company experience.

Jason Cubitt Director25 years of experience working with resource companies in various capacities as

founder, finance agent and institutional investor.

Rodney StevensVice President,

Interim CFO, DirectorChartered Financial Analyst, former analyst with Salman Partners, extensive capital

markets experience.

Track Record of Success: Finance, Discover, Develop, Sell

2005 2010 2010-12

Pine Valley Coal

constructs first new

metallurgical coal

mine in northeast BC

in 25 years

Cumberland Resources sells

company to Massey Energy

for US$960M

Geodex Minerals forms JV, then

sells remaining 30% stake to Hunter-

Dickenson’s Northcliff Resources

Richard Gilliam - Director & Strategic Investor TSX.V: DHR

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• Founder of Cumberland Resources, sold to

Massey Energy for US$960M in 2010.

• Built Cumberland Resources into major

producer.

• Cumberland employed 1,200 people at sale to

Massey Energy.

• Has been a director and major shareholder of

Discovery Harbour since it went public in 2013.

• Owns 37.4%.

Richard Gilliam, Director (37.4%)

Ownership

Board & Management Strategic Investors Retail Investors

Richard Gilliam

37.4%

Other Insiders

2.2%

Media Coverage TSX.V: DHR

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Newsletter Writer Recommendations By:

Greg McCoach

Brien Lundin

Gwen Preston

Mark Fields, President & CEO, and Rodney Stevens, Vice

President and Director, interviewing with newsletter writers

Greg McCoach and Gwen Preston

https://youtu.be/mxPAHi618_U

https://www.youtube.com/watch?v=1R4K55TxTnw

https://www.youtube.com/watch?v=mxPAHi618_U

The Caldera Property - Overview

Large land package, covering 6.5km of previously drilled near-surface vein mineralization

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THE CALDERA PROPERTY

Location

66km WNW of Tonopah, Nevada; at the intersection of two major gold trends (Walker Lane and

Northumberland); surrounded by large epithermal gold deposits: Round Mountain (18M oz Au) Tonopah

(8M oz Au), Northumberland (4M oz Au), Paradise Peak (1.2M oz Au)

Large Land Package 30 km2, 6.5km strike length of previously drilled shallow mineralization on seven zones

Stage (pre-discovery)Untested epithermal gold potential at depth with extensive near-surface shallow historical drilling;

Previous operators were searching for a large near surface, low-grade bulk-tonnage deposit

Target Large, high-grade, low sulphidation epithermal gold deposit at depth

Ownership

Option to acquire 100% interest, subject to annual advance royalty payments and a 2% retained royalty

Title transfer upon having completed US$400,000 in advance royalty payments (paid $175,000 to date)

Future advanced royalty payments: US$50,000 November 2020, US$50,000 May 2021, US$125,000

November 2021, US$150,000 November 2022 and thereafter (CPI adjusted)

The Caldera Project – Historic Work

• Extensive historical database

• 804 rock chip samples (mapped)

• Geological mapping

• Understanding of orientation of structures (WNW)

• Previous focus was discovery of shallow gold deposit

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Significant data collected on the Caldera Gold Project:

• 1,365 historical soil samples (mapped)

• 142 drill holes (mapped)

• 15,072 meters drilled; average length only 113m

• Average vertical depth less than 100m

• Deepest vertical drill hole 194m, only 3 holes >160m

vertical depth

Old prospect pit at Faustus Target Area

Rock chip sample in pit assayed 48.9 g/t Au

Veinlets in rock sample in

Gemina Target Area

The Caldera Property – High Grade Gold TSX.V: DHR

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• High grade results spread along 6.5 km strike length

• Average vertical depth: less than 100 meters

• Drilling focused on finding near surface

bulk tonnage deposits

• Never drilled below 200 meters vertical depth

Historical Drilling Highlights

Many High

Grade Rock

Samples from

Surface

Target Area Drill Hole Grade

(g/t gold)

Interval Length

Feet (Metres)

Interval Depth

Feet (Metres)

7 Adara CD07-2 2.75 10 ft (3.0m) 65-75 ft (19.8-22.9m)

9,10 Adara CD07-3 0.99 20 ft (6.1m) 250-270 ft (76.2-82.3m)

7, 9 Adara GW-10 8.33 25 ft (7.6m) 85-110 ft (25.9-33.5m)

4 Adara GW-5 0.69

37.92

5 ft (1.5m)

10 ft (3.0m)

170-175 ft and (51.8-53.3m)

335-345 ft (102.1-105.2m)

11 Barak GKL-10 0.68

0.68

1.13

0.75

10 ft (3.0m)

25 ft (7.6m)

5 ft (1.5m)

5 ft (1.5m)

50-55 ft and (15.2-16.8m)

105-130 ft and (32.0-39.6m)

220-225 ft and (67.1-68.6m)

330-335 ft (100.6-102.1m)

3 Adara GKL-16 0.48

1.44

40 ft (12.2m)

20 ft (6.1m)

260-300 ft and (79.2-91.4m)

340-360 ft (103.6-109.7m)

4 Adara EMC-14 4.11 20 ft (6.1 m) 45-65 ft (13.7-19.8m)

3 Adara EMC-8 22.4 7 ft (2.2m) 144-151 ft (43.5-45.7m)

(EOH, Ended in Mineralization)

3, 4 Adara CD07-24 9.03 5 ft (1.5m) 75-80 ft (22.9-24.4m)

27 Faustus EG-17 4.45 25 ft (7.6m) 110-135 ft (33.5-41.1m)

24 Faustus EG-26 7.36 20 ft (6.1m) 70-90 ft (21.3-27.4m)

24 Faustus EG-33 5.14 10 ft (3.0m) 30-40 ft (9.1-12.2m)

25 Electra EG-36 2.33 20 ft (6.1m) 215-235 ft (65.5-71.6m)

29 Gemina CLV-1 0.96 20 ft (6.1m) 55-75 ft (16.8-22.9m)

13, 14 Gemina CLV-2 0.58 55 ft (16.8m) 40-95 ft (12.2-29.0m)

13 Gemina GKL-35 1.09 35 ft (10.7m) 280-315 ft (85.3-96.0m)

22 Calista GN97-3 2.74 10 ft (3.0m) 145-155 ft (44.2-47.2m)

21 Calista GN97-4 3.19 5 ft (1.5m) 150-155 ft (45.7-47.2m)19 Darius GN97-10 6.16 5 ft (1.5m) 440-445 ft (134.1-135.6m)

Selected Historical Drill Holes, Gold-in-Soil TSX.V: DHR11

• Historical drill holes with

intercepts greater than 5 grams-

meter.

• Discovery Harbour completed

718 detailed soils in early 2020,

merged historical soil data to

provide more comprehensive soil

database.

• North to northwest structural

controls evident in structural

mapping, soil sampling, surface

rock samples, magnetic data.

Conclusions From Discovery Harbour & Historic Work TSX.V: DHR12

Checks all boxes for a potentially large, high-

grade, preserved low sulphidation epithermal

gold deposit:

✓ Exceptionally high grade rock chip and

drilling in vein mineralization

✓ Historical shallow drilling along 6.5km of

structures indicates the presence of a

potentially large deposit

✓ Near-surface drilling results, without the

presence of any base metals, likely

intercepted the low-grade silica cap of an

epithermal gold deposit at depth

✓ Surface characteristics support interpretation

that epithermal system preserved

✓ 8 areas with 33 targets mapped, ranked and

described

Right location. Poised for Discovery.

Low Sulphidation Epithermal Gold Deposit Model TSX.V: DHR

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Low sulphidation gold deposits can host bonanza

grades in the boiling zone, multi-million ounce mines

(e.g. Midas, Sleeper, Comstock, McLaughlin, Hishikari, Cerro

Blanco, Shovelnose)

• All previous drilling was near surface, targeting a low grade

bulk tonnage deposit;

• Average vertical depth of holes: <100m

• This is too shallow to intersect the boiling zone where gold

is deposited in greatest quantity

• The boiling zone occurs between 200+ to 500 meters

depth within the precious metals horizon

• Need to go deeper!

Never Drilled to Epithermal Gold Boiling Zone

A B

Note drill hole traces left of Epithermal Model

A: Average length of historical drill holes at Caldera

B: Deepest historical Caldera hole

People on Caldera Property TSX.V: DHR14

Mark Fields, President & CEO Mark Baknes and Alan Morris, Consulting Geologists

Going Forward

DRILL TARGETS

• Targets evaluated using multiple data sets

• 10 targets chosen in 5 separate mineralized

areas

PERMITTING

• 10 drill sites identified for permitting

• Exploration Plan of Operations submitted to

USFS, required baseline study underway.

DRILL

• Planning for September drill program, drill holes

to 300 to 500 meters depth

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10 Drill Sites Selected from 33 Targets

KEEPING IT SIMPLE: WHY DISCOVERY HARBOUR?

➢High grade gold in Nevada

➢ Caldera epithermal gold project in Nevada has many high grade gold results In historical

shallow drill holes, surface samples and old workings.

➢Never drilled deep to epithermal boiling zone

➢ Deepest historical drill hole only 194 meters, average historical drill hole <100 meters.

➢ Need to drill to 300 meters to intersect high grade underground potential on Caldera project.

➢Tight share structure

➢ Insiders own 40% of 39.7M outstanding shares.

➢Planning drill program for 2020

➢ 10 priority drill sites identified from 33 targets in 8 areas on Caldera gold project.

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Contact Information

Office Address Contacts

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Suite 1100 – 595 Howe Street

Vancouver, British Columbia

Canada V6C 2T5

www.discoveryharbour.com

Mark Fields, P.Geo., B.Comm (Hon)

President & CEO

Office: 1.604.681.3170

mfields@discoveryharbour.com

Rodney Stevens, CFA

Vice President, Interim CFO & Director

Office: 1.604.681.3170

rstevens@discoveryharbour.com