DISCOVERY DRILLING AT CERRO...

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TSXV:HVG www.harvestgoldcorp.com DISCOVERY DRILLING AT CERRO CASCARON A new and undrilled high grade gold/silver district in Mexico July 19, 2018 Corporate Presentation

Transcript of DISCOVERY DRILLING AT CERRO...

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TSXV:HVG www.harvestgoldcorp.comTSXV:HVG www.harvestgoldcorp.com

DISCOVERY DRILLING

AT CERRO CASCARON

A new and undrilled high

grade gold/silver district

in Mexico

July 19, 2018

Corporate Presentation

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TSXV:HVG www.harvestgoldcorp.com

Some statements in this presentation contain forward looking information. Thesestatements address future events and conditions and, as such, involve inherent riskand uncertainties. Actual results could be significantly different from those projected.Risks and uncertainties of the Company’s business are discussed in the ManagementDiscussion and Analysis of the Company’s Annual and Quarterly Reports, availableboth on the Company’s website at www.harvestgoldcorp.com and at www.SEDAR.com.

A number of mineral resources or significant occurrences disclosed herein relate tonearby properties owned by other companies, and the data presented have beenextracted from these companies’ press releases and websites. A Qualified Person hasbeen unable to verify this information from the adjacent properties, and such resultsare not necessarily indicative of potential quantities or grades of mineralization on theCompany’s properties.

Warren Bates, P.Geo., Director of Property Investigation for Harvest Gold, theQualified Person for this document for the purposes of National Instrument 43-101,prepared or supervised the preparation of the technical information contained herein.

Forward looking information

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The World Needs New Major Discoveries

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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 SerpienteDorado prospect

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§ 69 km2 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

A Company Making Opportunity | Cerro Cascaron

NEVER DRILLED

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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)

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Discovery Drilling Typical Exploration Stock Price Cycle

Initial Drill Success

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Example of Exploration Success:Evrim Resources

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Evrim Exploration Success at 100% owned Cuale Project Drives Share Price

April 9, 2018 193.5 m @2.09 g/t Au in trench

April 16, 2018 106.2 m @13.61 g/t Au in trench

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§ Discovered Cerro Cascaron Opportunity

§ “I believe we are on the verge of making a district scale discovery with thisundrilled 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 byGlamis 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.

Alain Charest | Vice President Exploration, Mexico, Evrim Resources

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Low-intermediate sulfidationepithermal vein deposit model for Cerro Cascaron confirmed by geochemistry and rock textures

Carabina NorthSan Pedro NorthEl SaltoSerpiente NorthJulieta North

DoloresSan Pedro

Cascaron | Deposit Model

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10 kmCascarita:SILVER

Newly discovered silver rich breccia pipe – up to 1,170 g/t Silver, 1.6% Zinc; 1.8 % Lead

8 km

Cerro Cascaron | District Size (69 km2) Geology and Gold Trench Occurrences

Cascaron:GOLD

Vein field with rock samples > 10 g/t Au

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La PrietaTourmaline breccia;39.7g/t Au, 20.9g/t Ag

Mina San Pedro (behind hill)Quartz after bladed calcite;1.3m @ 12g/t Au

Mina DoloresBanded Quartz;30.9g/t Au, 376g/t Ag

Julieta/Serpiente DoradaVisible gold;1,670g/t Au, 1,490g/t Ag

Divisadero9.24g/t Au, 134g/t Ag

>10 g/t3-5 g/t1-3 g/t.5-1 g/t.1-.5 g/t

Au in rock chips

LVS Andesites

UVS Rhyolites

Granodiorite

Cascaron | Topography and Veins

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§ Pathfinder soil samples identify vein locations, deposition temperature and vertical zonation of vein forming minerals

Cascaron | Pathfinder Soil Samples

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Vein NameOriginal sampled length (m) from rock sampling

Conceptual length of vein corridor from gold, silver

or pathfinder geochemistry (m)

Comment

Serpiente Dorada 400 1,400Open along strike to southwest. Strong Au, Ag, Sb, Mn

New Vein (from soils) 0 1,800 Strong Au, Ag, Sb, Hg

La Puerta 0 600 Au, Ag

Dolores Vein 300 950 Strong Ag, Sb, Pb

San Pedro Parallel (New target from soils) 0 800

Located 300 m to the east of San Pedro Strong Ag, Sb

San Pedro 200 1,500Open to north and south along strike Strong Ag, Hg, Pb, Mn

Carabina 250 1,800Open to north and south along strike Au, Ag, Pb, Zn, As, Sb, Mn

Cascaron | Geochemistry has Extended Vein Lengths to up to 1,800m

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Cascaron | Drill Target Methodology

A _________ A’

B ______ B’

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3000m Planned Phase 1 Drilling Program• Twelve drillholes planned at the CascaronVeinfield gold target and Cascarita silverveins

• 2,450m of drilling to test priority one drilltargets

• 550m of follow up drilling based on initialresults

• Drill testing of the Serpiente Dorada, SanPedro, Carabina, Julieta and Cascaritaveins

• 12 week drill program using a man-portable drill rig

CascaronVeinfield

A ____ A’

B_____ B’

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Cascaron 2500m Drilling Plan

Cascaron Veinfield

A ________ 150 m __________ A’B ___ 200 m ____ B’

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10 kmCascarita:SILVER

Newly discovered silver rich brecciapipe – up to 1,170 g/t Silver, 1.6% Zinc; 1.8 % Lead

8 km

Cascarita Silver District Geology Silver Occurrences

Cascaron:GOLD

Vein field with rock samples > 10 g/t Au

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Cascarita Silver Target | A New Drilling Priority

§ 1,170g/t Silver and 2.72g/t Gold

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TSXV:HVG www.harvestgoldcorp.com§ Sampling shows ore grade silver+lead+zinc mineralization over widths

greater than 3 m (5 km from main vein field)

Figure 11: Cascarita Mine Area Geology Plan and Sample Line Locations

C12

C11

C10

C14 C13

C15

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C7 C5

C1

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Cascarita Silver Target | Adit Sampling Sample Width Silver Lead Zinc Ag-Eq*

Cut (metres) (g/t) (%) (%) (g/t)C10 1.4 114 5.24 1.28 402C11 2 127 8.73 0.54 524C12 2.3 311 1.60 0.26 393C13 2.1 245 6.42 0.49 542C14 3.3 104 2.40 0.48 231

*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.

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Cascarita 500m Drilling Plan

Cascarita

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§ 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 50-300 meters.

Cerro Cascaron | Ready to Drill Now

NEVER DRILLED

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§ 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 2015. § 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)

Harvest Gold Technical/Advisory Team

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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

§ 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 2nd or 3rd year exploration expenditures by paying Evrim

$100,000 per year.

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 1,000,000TOTAL $6.0 million $900,000 2,000,000

*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

Cerro Cascaron Project | Deal Structure

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TSX Venture Exchange (Canada): TSXV:HVG

Shares Issued:§ Warrants (27.1 M at $0.10; expire Sept./Oct., 2018 - 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 (27M @ $0.05)§ Management:

Trading Details§ Current price:§ Market Capitalization:§ 1 Year Trading Range:§ Avg. daily trading volume (previous two months)

Corporate Information

61,374,864

~20%~32%~20%~10%

$0.055~$3.4 million$0.035 - $0.10

~174,000

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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

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§ 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.

Summary | Cerro Cascaron - The right deal at the right time

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Head Office:Suite 804 – 750 West Pender St.

Vancouver, BCV6C 2T7

Contact: Rick Mark, Pres. & CEOEmail: [email protected]

Telephone: 604-682-2928