Harte Gold : Corporate Presentation January 2021

CORPORATE PRESENTATION JANUARY 2021

TSX HRT | FRANKFURT H4O | OTCHRTFF

GOLD PRODUCTION

GROWTH.

PROLIFIC MINING

REGION.

1

Disclaimer

Cautionary Statements Regarding Forward-Looking Information and Non-IFRS Financial Measures

Certain information contained or incorporated by reference in this presentation of Harte Gold Corp. ("Hart Gold" or the "Company"), including any information relating to the Company's strategy, the Sugar Zone Mine Property, plans or future financial or operating performance, constitutes "forward-looking statements", within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. The words "seek", "anticipate", "budget", "plan", "continue", "envisage",

"estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words suggesting future outcomes or statements regarding an outlook identify forward-looking statements. In particular, this presentation contains forward-looking statements including, without limitation, with respect to: announcing Feasibility Study results in early Q1 2021; 2021E gold production of 60,000 to 65,000 ounces; achieving 800 tpd mine production in Q1 2021; increasing development rates to over 13 metres per day by Q1 2021; increasing the number of active mining areas to six by Q1 2021; estimates of total cash costs per ounce, AISC per ounce, projected capital, operating and exploration expenditures; mine life and production rates; estimated timing for continued development of and production from, the Sugar Zone Mine Property; anticipated gold productionfrom the Sugar Zone Mine Property; the relationship between the Company and BNP Paribas and Appian; and further exploration activities. Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this presentation in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold; the speculative nature of mineral exploration and development; changes in mineral production performance; exploitation and exploration successes; Company's ability to attract and retain qualified candidates to join the Company's management team and board of directors; diminishing quantities or grades of reserves and resources; increased costs, delays, suspensions and technical challenges associated with the development andconstruction of capital projects; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and disruptions in the maintenance or provision of required infrastructure and information technology systems; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; uncertainty whether the Sugar Zone Mine Property targeted investments will meet the Company's capital allocation objectives and internal hurdle rate; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and

liabilities based on projected future cash flows; the impact of inflation; fluctuations in the currency markets; damage to the Company's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company's

handling of environmental matters or dealings with community groups, whether true or not the possibility that future exploration results will not be consistent with the Company's expectations; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; litigation and legal and administrative proceedings; business opportunities that may be presented to, or pursued by, the Company; risks associated with employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent Annual Information Form and in other filings of the Company with securities and regulatory authorities which are available on SEDAR at www.sedar.com for a more detailed discussion of some of the factors and risks underlying forward-looking statements that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this presentation. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law

In this presentation we use the terms "EBITDA", "cash operating cost" and "All-In Sustaining Cost" or "AISC". These should be considered non-IFRS financial measures as defined in applicable Canadian securities laws and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For additional information regarding non-IFRS financial measures used by the Company, please refer to the heading "Non-IFRS Measures" in the Company's Management Discussion and Analysis for the three months ended September 30, 2020 and 2019, available at www.sedar.com.

All dollar amounts stated are denominated in Canadian dollars ($) unless specified otherwise. All tonnages in metric, unlessotherwise noted.

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

2

A Fully-funded Producer Positioned For Growth

• Situated in the middle of a prolific gold producing region of Ontario
• Operationally stronger position
• Compelling multi-year production growth trajectory
• Massive district-scale land package with untapped exploration potential
• Cleaning up the balance sheet for maximum financial flexibility

Producing gold mine and significant land package (over 79,000 ha)

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

3

Sugar Zone Property Comparison

AGNICO EAGLE

Sugar Zone Property

• Largest property in Ontario
• 5th largest in Canada
• One of a handful of "independent" deposits
• P+P Mineral Reserves: 0.9Moz Au @ 7.1 g/t Au
• Significantly underexplored

Selected property packages in Canada ranked by size (hectares)

*

Property	Meadowbank	Burcejack	Meliadine	Hope Bay	Sugar Zone		Detour Lake	Red Lake
Size (hectares)	168,613	121,811	111,358	110,100	79,335		64,577	46,000
Measured + Indicated Resources	1,160	6,700	2,799	5,173	1,108		4,505	2,530
Inferred Resources	1,520	2,300	2,631	2,127	558		1,260	2,390
TSX: HRT | FRANKFURT: H4O |	OTC: HRTFF					* Announced acquisition of TMAC Resources July 5, 2021	4

5-point Plan For Success

1.

2.

3.

Achieve operational excellence

• Focus on key leading indicators for 800 tpd

Expansion to 1,200 tpd

• Feasibility Study to define growth potential

Define exploration potential

1. • TT8 area exploration is a near term priority
2. Capital Structure
3. • Exploring alternatives to enhance financial flexibility
4. Corporate Strategy
5. • Define long-term strategic priorities

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

5

Operational Summary

Sugar Zone mine posts a strong finish to 2020

Record quarterly production in Q4 2020 and guidance beat for FY 2020

• Q4 2020: Production of 10,835 ounces Au, highest quarterly period on record
• FY 2020: Production of 25,649 ounces Au exceeds upper range of 2020 guidance (20,000-24,000 ounces)

2020 Operating Summary

	Unit	FY 2020	Q4 2020	Q3 2020	Q1 2020
Ore Tonnes Processed	tonnes	134,360	46,288	36,367	51,705
Ore Tonnes Mined	tpd	526	514	473	575
Head Grade	g/t Au	6.3	7.7	5.7	5.5
Recovery	%	94.2%	94.9%	93.4%	94.0%
Gold Ounces Produced	oz Au	25,649	10,835	6,218	8,597

The above table compares Harte Gold's operating performance for Q4 2020 relative to the previous quarters of operations for 2020. In Q2 2020, operations were placed on temporary care-and-maintenance due to the COVID-19 pandemic so is not considered an operating quarter.

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

6

Managing Key Leading Indicators Key to Future Success

KPIs trending positively, setting the stage for growth in 2021

Mine Development

metres per day	13.5
11.4
	9.2

Q3 2020 Q4 2020 FY 2021E

Mine Production

tonnes per day

800

473	514

Processed Grade
g/t Au	7.7
			7.1
5.7

Q3 2020 Q4 2020 FY 2021E

Ounces Recovered

oz Au per day(1)	176
124
	89

Q3 2020		Q4 2020		FY 2021E		Q3 2020		Q4 2020		FY 2021E

1. Product of mined production and grade divided by mine operating days

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2021 Production Guidance

2021 Production Outlook:

• Significant production growth: Lift production from 25,649 oz Au to 60,000 - 65,000 oz Au
• • Approximately two-thirds of gold production unhedged in 2021
• Throughput rate: Expect to reach 800 tpd run-rate in Q1 and maintain through 2021

2021 Cost Outlook:

• Cash Cost: US$800 - US$850 per oz
• AISC: US$1,400 - US$1,550 per oz

2021 Capital and Exploration Spend

• Mine Development: $26 million
• Other Capital Expenditures: $13 million (upgrade of existing camp, construction of heavy equipment shop
• Regional Exploration: $5 million
• • Exploration focus on identifying and developing new zones of mineralization

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

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1,200 tpd Feasibility Study

Target continued production growth

Feasibility Study Update

• Contemplates 1,200 tpd mine and process plant expansion
• Recent mine related scenario analyses have presented new opportunities
• Revised timing, Feasibility Study results expected early Q1 2021

Annual gold production

			?
Au)
Production (oz		60,000-65,000
Gold	25,649
	2020	2021E	Expansion to 1,200 tpd
	800 tpd	(Sugar + Middle Zone Pending
	Sugar Zone
	Sugar Zone Only	Feasibility Study)
	Restart and Ramp-up

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9

Capital Structure

Opportunities to enhance current capital structure to support long-term growth

Figures in CAD mm

$89M

$37M

$150M*

CAPITAL STRUCTURE

Lender: BNP Paribas	Hedge: ~20k oz/yr (through 2023)
Interest rate: LIBOR + 4.375%	Price: ~US$1,390/oz

Term Loan Maturity ($61M): Jun-2025

Revolver Maturity ($28M): Jun-2022

Lender: Appian (major shareholder of Harte Gold)

Interest rate: 14%, paid in shares

Maturity: Jun-2023

Basic S/O: 870.8 million

Fully diluted S/O: 968.1 million

Major shareholder: Appian, at 25%

Working Capital

Working capital position has been reset

Senior BNP Debt

Discussions underway on re-sculping debt

Hedge

Minimize impact by growing production

* Share price as January 13, 2021

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

10

PROPERTY EXPLORATION POTENTIAL

Near-mine Exploration Potential

Exploration plans include testing repeat potential along strike

Three undeveloped zones along strike: Lynx, Wolf, and Fox

Lynx Zone

Sugar Zone South Extension

Sugar Zone

0m

500m

?

1,000m

Indicated and Inferred Resources ≥ 3 g/t	?	?

Budgeted: $5 million over next 18 months

Middle Zone

Wolf Zone

Fox Zone

North

?

?

?

1 km

1 km

1 km

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Exploration at TT8

Defining property exploration potential

Surface prospecting work completed

• Prospecting returned five mineralized showings, extending overall TT8 mineralized trend up to 11 km

Workplan for 2021

• Drilling currently underway
• Will continue to drill the TT8 structure testing for width and steeper plunging mineralization
• Focus is on the areas to the north, bearing a strong IP chargeability
• Line cutting and IP at the southern extension of TT8 also underway to better understand structure

Selected mineralized showings

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

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SUMMARIZING THE OPPORTUNITY

Summarizing the Opportunity

Emerge Operationally

Deliver Production

Unlock Balance

Exploration Focused

Stronger

Growth

Sheet Potential

On Results

•

Owner-operator

•

2020: 25k oz

•

Working capital reset

•

Near-mine extension

transition

•

2021E: 60-65k oz

•

Discussions continue

drilling

•

Improved planning

•

1,200 tpd FS in Q1 2021

on re-sculpting debt

•

TT8 prospecting and

drilling

•

Focus on key leading

•

Focus on freeing up

metrics

near-term cash flow

•

Defined pipeline for

•

Adopting best practice

long-term growth

•

Further data

compilation

TSX: HRT | FRANKFURT: H4O |

OTC: HRTFF

15

APPENDIX

Skilled and Experienced Leadership Team in Place

Operations and mine planning team has an established track record of success

Frazer Bourchier	Graham du Preez	Dan Gagnon
President and CEO	Chief Financial Officer	VP, Operations

Karen Walsh	Shawn Howarth	Julie Galloway
VP, People & Culture	VP, Corp. Development &	Corporate Counsel
Investor Relations

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

17

Corporate Summary

Market Information

Headquartered: Toronto Ontario

Basic Shares Outstanding: 870.8 million

Fully DilutedShares Outstanding: 968.1 million

Market Cap (C$) $150 million

Markets: TSX: HRT Frankfurt: H40 OTCBB: HRTFF

Significant Shareholders

Appian Capital: 25%

Mackenzie: 2%

J. Zechner: 1%

Management and Insiders: ~5%

Analyst Coverage

Haywood:Target price: $0.25

TSX: HRT | FRANKFURT: H4O | OTC: HRTFF

Senior Credit Facility

Lender: BNP Paribas

Interest rate: LIBOR + 4.375%

Maturity: March 2025

Gold hedge: ~20,000 annually through 2023 @ US$1,390/oz

Share price performance (Last Twelve Months)

	$0.25
(C$)	$0.20
share price	$0.15
$0.10
HRT
	$0.05
	$0.00
	Jan-20	Apr-20	Jul-20	Oct-20	Jan-21

18

NI 43-101 Compliance

Unless otherwise indicated, Harte Gold Corp. (the "Company") has prepared the technical information in this presentation including Mineral Reserve and Mineral Resource estimates ("Technical Information") based on information contained in the technical reports and news releases (collectively the "Disclosure Documents") available under the Company's profile on SEDAR at www.sedar.com. Each Disclosure Document was prepared by or under the supervision of a qualified person ("Qualified Person") as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101"). For readers to fully understand the information in this presentation, they should read the technical reports identified below in their entirety, including all qualifications, assumptions and exclusions that relate to the information set out in this presentation which qualifies the Technical Information. Readers are advised that Mineral Resource estimates that are not Mineral Reserves do not have demonstrated economic viability. The Disclosure Documents are each intended to be read as a whole, and sections should not be read or relied upon out of context. The Technical Information is subject to the assumptions and qualifications contained in the Disclosure Documents. The Technical Information in this presentation has been prepared in accordance NI 43-101 and has been reviewed and approved by Vincent Cardin-Tremblay, P. Geo., who is a "Qualified Person" under NI 43-101.

Mineral Resource and Mineral Reserve estimates of the Company are shown on a 100 percent basis. The Measured and Indicated Mineral Resource estimates are inclusive of those Mineral Resource estimates modified to produce the Mineral Reserve estimates. The effective date of Mineral Resource and Mineral Reserve estimates is February 14, 2019. Estimates for all operations are prepared by or under the supervision of a Qualified Person as defined in NI 43-101 or have been audited by independent Qualified Persons on behalf of the Company. Mineral Resources are estimated using metal prices of US$1,250/oz.

For further Technical Information refer to "Technical Report and Feasibility Study On The Sugar Zone Gold Operation", dated February 14, 2019, available on the Company's SEDAR profile at www.sedar.com.

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