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Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration

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Page 1: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

Corporate Presentation

September 2017TSX: HRT / Frankfurt: H4O

OTC: HRTFF

G O L D C O R P

High Grade Gold Mine Development

and District Scale Exploration

Page 2: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT2

FORWARD LOOKING STATEMENTS

This presentation has been prepared by the Company and includes information from sources believed by

management to be reliable. No representation or warranty, expressed or implied, is made as to the accuracy of the

information set forth herein. The information contained herein is as of the date hereof and is subject to change,

completion or amendment without notice.

This presentation contains forward looking statements, estimates, and projections with respect to the anticipated

future performance of the company that may be deemed to be “forward-looking statements.” These statements,

estimates, and projections reflect various assumptions made by the company concerning anticipated results, which

may or may not prove to be correct. All statements contained in the presentation that address operating

performance, future direction, management and control of the company, events or developments that are expected

to occur in the future (including statements related to earnings, expectations, sales of assets, capital expenditures, or

statements expressing general optimism about future operating results) are forward looking statements. Actual results

could differ materially from those reflected in the forward looking statements contained herein as a result of a variety

of factors, many of which are beyond the Company’s control.

Page 3: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT3

COMPANY SNAPSHOT

CORPORATE STRUCTURE INSTITUTIONAL SUPPORT

Analyst Following:

Major Shareholder:

Headquartered:

Toronto, Ontario, Canada

Market Cap:

C$308 million (C$0.62 Sep 20th)

Cash Position:

C$35 million

(19%)

Shares Outstanding:

497 million (Basic)

553 million (Fully Diluted)

Symbol:

HRT:TSX

H4O:FRANKFURT

OTC: HRTFF

Head Office(Toronto)

52-Week Share Price:

Sh

are

Pric

e (

C$

) Vo

lum

e (M

illion

s)

0.0

1.5

3.0

4.5

$0.00

$0.30

$0.60

$0.90

Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

Page 4: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT4

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

George FlachVice President Exploration; B

Sc. P.Geo.

30+ years

Discovered / developed gold projects in West

Africa

20Moz Gold Fields

Tarkwa, 4Moz Bogosu

and 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

EXPERIENCED MANAGEMENT TEAM

Roger J. EmdinVice President, Projects;

P.Eng.

30+ years

Senior management and operating experience

Experience with large

operating mines including

Glencore’s Nickel Rim

Mine

Chairman CEMI – Center

for Excellence in Mining

Innovation

Page 5: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT5

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 relations, community consultation

First Nations, permitting

Corporate finance, go-

public transactions

Regulatory compliance

Bob KusinsResource Geologist;

P.Geo.

35+ years

Experience as an underground mine

geologist, geological

database management,

geological modelling and

resource estimation

Previously Chief

underground geologist at

Barrick’s Hemlo Mine

Page 6: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT6

SUGAR ZONE SURROUNDED BY PRODUCING ASSETS GEOGRAPHIC LOCATION

ON A SIGNIFICANT GREENSTONE BELT, HISTORICALLY PROLIFIC GOLD MINING REGION

Source: Cantor Fitzgerald* Alamos Gold announced a proposed acquisition of Richmont Mines (Sep 11th, 2017)

DISTRICT SCALE POTENTIAL

Company Asset StatusApprox. Distance

to Harte (Km)

Barrick Hemlo Operating 60

Richmont* Island Gold Operating 80

Wesdome Eagle River Operating 80

Wesdome Mishi Operating 80

Goldcorp Borden Gold Exploration 100

Page 7: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT7

COMPANY STRATEGY“THREE LEGS ON THE STOOL”

Mine Development and Commercial Production

Immediate Resource Expansion Through Near Mine Exploration

Regional Exploration on District Scale Land Package

Target Production: Q2 2018

Phase 1 Target Production*: 540 tpd

Construction Begins: July 2017

Strike Length: 3 Km

Resource Target: ~3 million oz

Update NI 43-101: Q1 2018

Property Size: 80,000 Ha

Exploration Budget: $15 million

Additional Near-mine Targets

1 2 3

MINING PORTAL SITE OVERVIEW NEAR-MINE TARGETS

MIDDLE ZONE

WOLF ZONE

* Preliminary management mine plan estimates

Page 8: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT8

TOP QUARTILE GRADE AMONG DEVELOPMENT-STAGE PROJECTS

VALUE PROPOSITION

0.00

2.00

4.00

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QUARTILE 1 QUARTILE 2 QUARTILE 3 QUARTILE 4

Source: Analyst estimates, public company information

Page 9: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT9

COMPARISON TO RICHMONT MINES

VALUE PROPOSITION

Harte Gold(Sugar Zone - Analyst Targets) (Island Gold)

Resource (M oz)0.6 (Sugar Zone)

Target: 2 to 31.8

Grade (g/t) +9.0 9.4

Throughput (tpd) 540 (Phase 1) 900

Production (000 oz) 50+ (2018) 90

AISC (US$/oz) $700 $725 - $765

Land Package (Ha) 80,000 7,900

Exploration TargetsNear-mine: Middle & Wolf

Property-wide: 5+Below 1,000 m

Market Cap (M C$) $308 $933 (Acquisition)

Analyst NAV (M C$) $566 $717

Implied P / NAV 0.6x 1.3x

Resource Comparison

Production Comparison

Exploration Potential

Valuation Comparison

On September 11th, Alamos Gold

(AGI) announced the acquisition of

Richmont Mines (RCI) for $933 million

based on previous close

Harte Gold’s Sugar Zone project

compares well to RCI’s Island Gold

Mine

Sugar Zone has the added benefit

of significant exploration potential

Compelling value opportunity for

new investors seeking the next near-

term producer within the region

Page 10: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT10

SUMMARY OF ACHIEVEMENTS IN 2016 / 2017

Strategic / financial partner: Appian Capital Advisory LLP

Raised over $50 million in total capital for development of the Sugar Zone project

Coverage initiated from three institutions

Capital

Markets

Commercial /

Corporate

Achievements

109 employees and contractors currently working at the Harte Gold site

Commercial production permits, supporting Phase 1 production

Recipient of the NWOPA “Developer of the Year” award

Resource

Development

$15 million, +85,000 meter drill program with 8 rigs currently active

70,000 tonne bulk sample program completed with Barrick’s Hemlo Mine

Property-wide airborne geophysical program completed

Expanded land position by over 100%, covering 80,000 hectares

THE LAST 12 MONTHS HAVE BEEN HIGHLY PRODUCTIVE

Page 11: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT11

RELATIVE PERFORMANCEHARTE GOLD HAS OUTPERFORMED INDICES AND PEERS

-50%

0%

50%

100%

150%

200%

250%

Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17

110%

7%Dev’t

Peers1

-5%TSX

41%GDXJ

Notes:1) Includes selected TSX-listed, high grade, development-stage gold companies with assets in the Americas

Page 12: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT12

GROWING INSTITUTIONAL FOLLOWINGCONSENSUS TARGET PRICE: ~50% PREMIUM TO CURRENT MARKET PRICE

INSTITUTION ANALYST QUOTE

Pierre

Vaillancourt

Mike

Kozak

RECOMMENDATION /

TARGET PRICE

Buy

C$1.00 / share

Buy

C$1.10 / share

Resource Potential

“In our view, HRT is “pricing in” a resource

estimate of ~2 MMoz, which we believe is a

very conservative “base case”. As all three

zones continue to expand… we believe the

share price will reach much higher levels”.

Project Economics

“Based on our expectations for the upcoming

technical report and mine plan, as well as our

long-term outlook for the Sugar Zone deposit,

the project has strong economics”.

INITIATED

COVERAGE

April

2017

August

2016

Michael

Gray

Outperform

C$0.90 / share

Exploration Upside

“We think key geological features related to

high grade indicate the potential for expansion

of existing deposits and point to the discovery

of multiple deposits”.

May

2017

ANALYST RESOURCE ESTIMATE

1 M oz

3 M oz

1.1 M oz (DCF)

5 M oz (Potential)

Consensus: C$1.00 / share 3 M oz

Page 13: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT

70,000 TONNE BULK SAMPLE COMPLETED, POSITIVE RESULTS DE-RISK MOVE TO

COMMERCIAL PRODUCTION

13

BULK SAMPLE HIGHLIGHTS

MINING - BULK SAMPLE COMPLETED

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

As at March 31, 2017

OPENED LONGHOLE STOPE

LOWER ZONE OREBODY

Page 14: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT14

COMMERCIAL PRODUCTION READY

BULK SAMPLE MINING RESULTS

Geology: Confirmed continuity, mineralized widths and modelled grades

Mining: Long-hole mining, minimal dilution

Processing: Simple metallurgy and high recoveries

Costs: Contractor mining costs confirmed

Site: Underground and site infrastructure, 20km all weather access road

PERMITTING AND FIRST NATIONS ENGAGEMENT

Phase 1 Commercial Permit Issued: January 2017

Strong working relationship between Harte Gold and proximal First Nations Band, IBA expect signing in H2 2017

Page 15: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT15

FUTURE SITE LAYOUT: SMALL FOOTPRINT!

Scale: 500 m

Tailings Pond

ADMIN OFFICES & CORE SHED

PROCESSING PLANT

Coarse Ore Crushing / Conveyance

MINING PORTAL

Page 16: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT16

BULK SAMPLE AND PHASE 1 PRODUCTION AREAS

Fresh Air Raise

95 Level

155 Level315 Level

NWSE

375 Level

Bulk Sample Phase I Production

Page 17: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT17

LONGITUDINAL SECTION VIEW

Page 18: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT18

EXPLORATION – ACHIEVEMENTSWELL DRILLED, OPEN ON STRIKE AND AT DEPTH

Sugar Zone

► Open along strike and down dip

► Higher grade than originally expected

Middle Zone

► 500 meters north of the Sugar Zone and beginning 200 meters below surface

► Expanded to 400 meters on strike and 800 meters down dip

► Recent drilling indicates wider and higher grade intersections at depth and potential convergence with Sugar Zone

Wolf Zone

► Mineralization defined to a depth of 150 meters, similar characteristics to the Sugar Zone

► Discovery hole 9.5 g/t Au over 7.5 meters, with high-grade core of 22.9 g/t Au over 3 meters

Deposit Hole Width Grade

Sugar Zone SZ-17-138 3.0 m 65.4 g/t

Sugar Zone SZ-17-143 3.2 m 66.8 g/t

Sugar Zone SZ-17-133 1.75 m 41.7 g/t

Sugar Zone SZ-17-134 1.80 m 33.6 g/t

Sugar Zone SZ-17-162

Sugar Zone SZ-17-165 2.24 m 35.5 g/t

Middle Zone WZ-16-45 3.80 m 17.6 g/t

Middle Zone WZ-16-49 1.93 m 38.6 g/t

Middle Zone WZ-16-52 3.45 m 38.5 g/t

Middle Zone WZ-16-69 4.02 m 8.3 g/t

Middle Zone WZ-16-75W

Middle ZoneWZ-16-

75W2

SAMPLE DRILL RESULTS (JUNE 2017)

2.05 m 115.5 g/t

7.56 m 8.0 g/t

9.57 m 6.5 g/t

Page 19: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT19

AIRBORNE MAGNETICS AND ZONESDISCOVERY OF FOUR NEW ZONES

Lynx Zone

► On strike, characteristics similar to current mineralized zones

► High grades recovered from grab sampling

► IP survey completed, drill program underway

Moose Zone

► Host rock similar to Barrick’s Hemlo Mine

Marten Zone

► Also similar to the Hemlo Mine mineralization

► Geophysics, soil sampling planned for the summer

Fisher Zone

► Initial drilling 40 meters of anomalous gold grades on

strike with the Sugar Zone

► Drilling has resumed to test down-dip extension

Page 20: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT20

EXPLORATION - REGIONAL UPSIDE DISTRICT SCALE POTENTIAL

Land package – 80,000 Ha (200,000 acres)

Regional staking covered continuations of greenstone belt

Airborne geophysical survey including MAG & VTEM completed

Eagle Zone: New target identified

► Major ‘gossan’ approximately 650 meters in length

► Significant pyrite/pyrrhotite as well as chalcopyrite (copper) and sphalerite (zinc)

Target follow-up includes ground IP survey, geochemical and field mapping, drilling

Martin Zone

Page 21: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

TSX: HRT

TIMELINE – SIGNIFICANT NEAR-TERM CATALYSTS

Construction

Commissioning & Commercial Production

Definition and Exploration Drill Programs

Final Technical Report

Permitting & IBA

Permitting Complete

Updated Resource Estimate

2017 2018 2019

2017 2018 2019

21

Page 22: G O L D C O R P...Corporate Presentation September 2017 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P ... This presentation contains forward looking statements, estimates, and

G O L D C O R P