EPITHERMAL GOLD IN NEVADA Crprate Presentatin January 2018
Frward Lking Statements This presentatin by Discvery Harbur Resurces Inc. (the Cmpany ) cntains frwardlking statements, including, in particular, statements abut the Cmpany s plans, strategies and prspects. These statements have been based n the Cmpany s current assumptins, expectatins and prjectins abut future events. Althugh the Cmpany believes that the expectatins reflected in these frward-lking statements are reasnable, the Cmpany can give n assurance that these expectatins will prve t be crrect r that results anticipated in the frward-lking statements will be achieved. These frward-lking statements include risks and uncertainties. These risks and uncertainties include, amng ther things, market cnditins, industry uncertainty and ther factrs. Page 2
Discvery Harbur Resurces at a Glance Crprate Structure Public Cmpany Listed n the Trnt Venture Exchange () Mre than 50% Insider-wned 17,797,840 Shares Outstanding; 8,830,305 Shares Owned by Richard Gilliam Our Prperty Prtfli is Lcated in Nevada, USA Flagship Prperty Lcatin Develpment Stage Metals Depsit Type Ging Frward The Caldera Prject 66km WNW f Tnpah, Nevada; At the Intersectin f Tw Majr Gld Trends Walker Lane and Nrthumberland Explratin with Extensive Histrical Wrk and Small-scale Mining Activity Gld, with Silver Credit Lw-sulphidatin Epithermal Gld Ø Cmplete Private Placement in early 2018 Ø Private Placement Size: Apprx. $2m Ø Detailed Sils and Gephysics t Refine Selectin f Drill Targets Ø Explratin Drilling Aimed at the Biling Zne Depth, Ptential fr Bnanza Grades Lking NW frm Old East Glden Mine Page 3
Mining in Nevada Ranked 4 ut f 104 Mining Jurisdictins (Fraser Institute Survey in 2016) US is the 4th Largest Gld Prducer - Nevada Prduces 78% f US Gld Prductin Nevada was 5.4% f Glbal Gld Prductin (2015) Kinrss Lking West frm West Glden Zne Great Mining Jurisdictin: - Clear Permitting Prcedures Secure Tenure and Stable Plitical Framewrk Lw Ppulatin Density Skilled Wrkfrce English Language Lng Histry f Gld Mining In 2015, Prduced 5.3m Ounces f Gld Substantial Histrical Wrk Dne DISCOVERY HABOUR: Caldera Prject Page 4
Share Structure Share Structure: Shares Outstanding: 17,797,840 Valuatin: $1.42m ($0.08 per share) DHR Ownership: Tightly Held by Mining Entrepreneurs Optins: 933,333@ 30 cents; Expiry 23 March 2020 40,000 @ 90 cents; Expiry 5 July 2020 18,333 @ $1.23; Expiry 23 Nvember 2020 Warrants: 250,000 @ 15 cents; Expiry: 12 June 2020 33,333 @ 22.5 cents; Expiry: 12 June 2020 Retail Investrs 48.8 % DHR Directr: Richard Gilliam 49.6 % Debt: (Owed Slely t Richard Gilliam) $335,000, nn-interest Bearing $100,000 Cnvertible Debenture, nn-interest Bearing Cnvertible Debenture Due 7 April 2018; Cnvertible at 15 cents per Share, r the Price f the Mst Recently Cmpleted Private Placement Other DHR Management & Directrs 1.2 % Page 5
Leadership The Key Stakehlders and Crnerstne Investrs in DHR Have Successfully Develped, Built and Sld Large-scale Mining Prjects Mark Fields President and CEO Gelgist and Entrepreneur With Junir Public Cmpany Experience; Sld Key Asset f Gedex Minerals in 2012 t Nrthcliff Resurces (Hunter Dickinsn). Develped and built metallurgical cal mine with Pine Valley Cal; recipient f EA Schlz award in 2012. Richard Gilliam Directr (and 49.6% DHR Sharehlder) Mining Entrepreneur; Funded and Sld Cumberland Resurces t Massey Energy fr US $960 Millin Andrew Hancharyk Directr Crprate and Securities Lawyer With Extensive Public Cmpany Experience Binny Jassal Chief Financial Officer Chartered Certified Accuntant With Extensive Public Cmpany Reprting Experience Track recrd f success 2010 Cumberland Resurces sells cmpany t Massey Energy fr US$960M. 2010, 2012 Gedex Minerals frms JV, then sells remaining 30% stake t Hunter-Dickensn s Nrthcliff Resurces 2005 Pine Valley Cal cnstructs first new metallurgical cal mine in nrtheast BC in 25 years. Page 6
Our Flagship: Caldera Lw Sulphidatin Epithermal Gld Lw Sulphidatin Gld Depsits Can Hst Bnanza Grades In the Biling Zne At First Glance: New Epithermal Gld Mdel Interpretatin Makes Sense: - - Prlific Mining Regin & Gld Belt Small-scale Histrical Gld Prductin n the Prperty Explratin Wrk Dne by 11 Cmpanies Significant Histrical Sil, Rck Chip and Drilling Results Exceptinally High Grade Rck Chip and Drilling Results All Previus Drilling Was Near Surface; Average Length f Hles: 106m This is T Shallw t Intersect the Biling Zne Biling Zne Can Hst Bnanza Grades Previus Explrers Searched fr Lw-hanging Fruit - Need t G Deeper; High Grade Biling Zne: 150 t 450 Meters CALDERA PROJECT Map f Large Gld Depsits and Lcatins f Caldera Frmatins Lw Sulphidatin Epithermal Gld Mdel Page 7
Discvery Harbur Key Initiatives Turn-arund Underway with a Clear and Fcused New Strategy t Enhance Sharehlder Value Crprate 1) Exit Nn-Cre Assets - 2BAR and Jersey Valley 2) Pivt & Re-fcus On New Prperty - The Caldera Prject (Nevada) 3) Re-negtiate Vendr Deal Terms - Caldera Prject (Nevada) 4) Address Capital Markets Issues - Share Cnslidatin - Cnvert Debt t Equity - Marketing Materials & Website - Clear Value Prpsitin 5) Fundraise - Raise Apprximately $2 t 3m CAD fr Detailed Sils, Gephysics and Drilling Prperty 1) Cmpile & Review Caldera Data - Frm 11 Different Cmpanies 2) Site Visit - Clear Understanding f the Visible WNW-riented Mineralized Structures 3) Interpret Data - Lw Sulphidatin Epithermal Gld Mdel 4) Increase Land Package - Increase Land Psitin 5-fld - Acquire Entire Relevant District 5) Mapping - Cmplete mapping fcused n alteratin and structures based n lw sulphidatin epithermal gld mdel 6) Detailed Sil Sampling and Gephysics - Incrprating Fall 2017 mapping - Select Drill Targets with Maximum Effectiveness 7) Drilling - Previus Drilling was T Shallw - Drill Dwn t the Biling Zne Page 8
Caldera District Claims Map Cnslidating Multiple Histrical Prductin and Explratin Prjects int a Sizeable Reginal Land Package Western Side Pht f Caldera Prject DHR Land Package: - Over 200 Claims - Spanning Over 6 km strike length - 24 square killmetres - Lcated at the Intersectin f The Walker Lane and Nrthumberland Gld Trends - 7 Knwn Mineralized Znes - Easy Access - Histric Small Scale Prductin Discvery Harbur: Caldera Prject Prperty Outline Map Page 9
Caldera Gld Prject Histrical Wrk Dne Significant Amunts f Data Cllected n the Caldera Gld Prperty: 11 Different Cmpanies 804 Rck Chip Samples (mapped) Gelgical Mapping Understanding f Orientatin f Structures (WNW) Old Prspect Pit at East Glden Rck Chip Sample in Pit had Value f 48.9 g/t Au 1,365 Sil Samples (mapped) 142 Drill Hles (mapped) 15,072 Meters Drilled; Average Length Only 106m Average Vertical Depth Less Than 100m Veinlets in Rck Sample in Suth Hills Zne Page 10
Histrical Sil Sampling Results Tw Large Sil Anmalies, Hsting Bth Pathfinder and Gld Anmalies, Fund Arund Majr WNW-trending Structures Tp 10 Au Sil Grades Sil Sample Grade Au g/t 1 1.327 2 1.194 3 1.195 4 0.870 5 0.870 6 0.840 8 0.840 9 0.738 10 0.695 Caldera Prperty Sil Sample Grid Lcatins Gld Samples: Tw Majr Gld-in-sil Anmalies Alng WNW-trending Majr Structures High and Cnsistent Values Epithermal Gld Mdel Means Mre Gld Likely t be Fund Deeper in the Biling Zne Reginal Plumbing System Pathfinder Samples: Mercury High f 6,636 ppm Antimny High f 231 ppm Arsenic High f 1,835 ppm Helps t Cnfirm the Depsit Mdel; Fund Alng Majr WNW-trending Structures; Surface Samples Are High in the Epithermal Gld System Page 11
Histrical Rck Chip Sample Results Ultra-high Grade Gld Results, Cupled with Strng Sil Anmalies Alng WNW-trending Structures, Reinfrce Management s Cnfidence in the Caldera Gld Prject 804 Rck-chip Samples: 1 ver 190 g/t Au 3 ver 50 g/t 21 ver 10 g/t 50 ver 5 g/t 109 ver 2 g/t 184 ver 1 g/t 306 ver 0.5 g/t 346 ver 0.4 g/t 397ver 0.3 g/t 556 ver 0.1 g/t East Glden Tagged Rck-chip Sample: 48.9 g/t Au Caldera Prject Rck Chip Samples g/t AU 0.0 0.1 0.1 0.3 0.3-1.0 1.0 3.0 3.0 10.0 10.0 213.0 Lcatin f Rck Chip Samples n the Caldera Prject Page 12
Histrical Rck Chip Samples Cntinued Extremely High Prpr1n f Anmalus Samples, Including Bnanza Grades 804 Rck-chip Samples: 1 ver 190 g/t Au 3 ver 50 g/t 21 ver 10 g/t 50 ver 5 g/t 109 ver 2 g/t 184 ver 1 g/t 306 ver 0.5 g/t 346 ver 0.4 g/t 397ver 0.3 g/t 556 ver 0.1 g/t Sample Number 50-192 g/t Au Sample Number 193 g/t Au Grade g/t Au Z05-224 193 * This sample als cntained 6,370 g/t Ag Grade g/t Au CD05-295 65.5 Z05-175 58.3 10-50 g/t Au Sample Number Grade g/t Au Z05-217 48.90 W-50 36.93 29 22.37 112494 22.30 W-29 21.39 W-26 19.26 C-01 19.03 35 17.06 B-26 16.50 511 15.61 G007 15.60 206 15.19 112500 14.46 CD05-296 13.00 96 11.58 BG-2 11.15 Z05-230 10.60 W-28 10.00 Sample Number Grade g/t Au 5-10 g/t Au Sample Number Grade g/t Au 79882 9.63 432 6.33 254 9.33 CD2-07 6.18 CD05-329 8.69 Z05-247 5.86 W-31 8.55 112498 5.82 W-35 8.49 112499 5.76 53 8.22 1774 5.54 443 7.96 Z05-105 5.47 Z05-146 7.95 561 5.30 CD06-21 7.72 W-06 5.25 1008 7.65 33 5.15 Z05-169 7.45 666 5.08 711 7.26 W-24 5.07 BG-1 7.20 572 5.03 Z05-124 6.78 W-34 5.00 Z05-266 6.75 Page 13
Previus Drilling Highlights Lcatin Drill Hle Best Intercept Results Glden King CDO7-2 10 ft @ 2.75 g/t Au, 65-75 ft Glden King CDO7-3 20 ft @ 0.99 g/t Au, 250-270 ft Drill Results Mineralized Znes f the Caldera Gld Prject West Glden GW-10 25 ft @ 8.33 g/t Au; 85-110 ft West Glden GW-5 5 ft @ 0.69 g/t Au; 170-175 ft AND 10 ft @ 37.92 g/t Au; 335-345 ft West Glden GKL-10 5 ft @ 0.68 g/t Au; 50-55 ft; AND 25 ft @ 0.68 g/t Au; 105-130 ft; AND 5 ft @ 1.13 g/t Au; 220-225 ft; AND 5 ft @ 0.75 g/t Au; 330-335 ft West Glden GKL-16 40 ft @ 0.48 g/t Au, 260-300 ft; AND 20 ft @ 1.44 g/t Au, 340-360 ft West Glden EMC-14 20 ft @ 4.11 g/t Au, 45-65 ft West Glden Glden King West Glden EMC-8 5ft @ 32.88 g/t Au, 145-150 ft (EOH, Ended in Mineralizatin) West Glden CDO7-24 5 ft @ 9.03 g/t Au, 75-80 ft East Glden EG-17 25 ft @ 4.45 g/t Au, 110-135 ft East Glden EG-26 20 ft @ 7.36 g/t Au, 70-90 ft East Glden Te East Glden EG-33 10 ft @ 5.14 g/t Au, 30-40 ft East Glden EG-36 20 ft @ 2.33 g/t Au, 215-235 ft Suth Hills CLV-1 20 ft @ 0.96 g/t Au, 55-75 ft Suth Hills CLV-2 55 ft @ 0.58 g/t Au, 40-95 ft Suth Hills GKL-35 35 ft @ 1.09 g/t Au; 280-315 ft Nrth Hills GN97-3 10 ft @ 2.74 g/t Au; 145-155 ft Nrth Hills GN97-4 5 ft @ 3.19 g/t Au; 150-155 ft Central Strip GN97-10 5ft @ 6.16 g/t Au; 440-445 ft High Grade Results Spread Alng 6.5 Km Strike Length 2006 Drill Prgram: 2,708 Meters - 1,300 Meters (r 48%) f the Assayed Results Graded Higher than 0.25 g/t Au - Average Length f Hles: 113 meters - Average Vertical Depth: Less Than 100 meters Drilling Histrically Fcused n Finding Near Surface Bulk Tnnage Depsits Page 14
Mapping 2017: Priritized and Ranked 30 Mineralized Structures 2017 Mapping Fcused n Structures and Alteratin Priritized Targets fr Fllw-up and Drilling Mapping Ranked Targets n Six Key Criteria fr Lw Sulphidatin Epithermal Gld Depsit Length f Structure, Intensity f Structure, Width f Alteratin, Strength f Silica Alteratin, Anmalus Gld in Rck Samples, Histrical Drill Results. CONCLUSIONS 30 Structures Ranked and Described Caldera Prperty Exhibits Surface Characteristics that Indicate that Entire Epithermal System is Preserved Page 15
Game Plan and Technical Cnclusins Epithermal System has been Preserved Need t Link Gechemical & Gephysical Anmalies t Drill Targets with Maximum Opprtunity fr Bnanza Gld Grades at Depth PHASE 1: (Early t Mid 2018) Detailed Sil Sampling ver Highly Ranked Structures and Alteratin Targets; Gephysics Fcused n Resistive Features Characteristic f Caldera Mineralized System PHASE 1: Sil Sampling & Gephysics PHASE 2: (Mid t Late 2018) PH-1 Psitin Drill Cllars t Best Test Likely Bnanza Grades in Varius Anmalus Znes Drill Cnclusin: Excellent Opprtunity t Discver Bnanza Gld Grades at Biling Zne Depth Pririty Areas fr Fllw- up and Drilling Page 16
Lw Sulphidatin Epithermal Gld Mdel Depsits COLUMBUS GOLD: East Side Depsit Average Length f Hle 274 meters Best Rck Chip Sample 27.4 g/t Au 654,000 Oz Au KINROSS: Rund Muntain Mine 33km East f Discvery Harbur - Caldera Prperty The Wrld s Largest Heap Leach Mine 14,000,000 Oz Au PARAMOUNT: Grassy Muntain Depsit OTIS MINING: Kilgre Prject Lwer Grade Envelpe 200ft 800ft Deep High Grade 500 750ft Deep Average Length f Hle 196m 4,970,000 Oz Au 820,000 Au 6.3m OzOz Au Page 17
Caldera Deal Terms with Vendrs Deal Structured t Fast-track Explratin Initiatives April 2017: Terms: ARP: Agreement Re-negtiated and Amended (all figures in USD) Vendr - Genesis Gld, Will Retain a 2% NSR Advance Ryalty Payments ARP Due (as Part f NSR) $5,000 n signing Paid $15,000 30 June 2017 - Paid $30,000 Due 18 Nvember 2017 Quartz Vein at Caldera Prperty $50,000 Due 18 Nvember 2018 $75,000 Due 18 Nvember 2019 $100,000 Due 18 Nvember 2020 $125,000 Due 18 Nvember 2021 (Adjusted fr CPI frm Previus Payment Date) $150,000 Due 18 Nvember 2022 and Annually Thereafter (CPI Adjusted) Discvery Harbur Receives Title f Prperty When Advance Ryalty Payments Ttal $400,000 Warrants: Vendr Received 166,667 Warrants @ 15 Cents fr 3 Years frm Date f Grant (12, June 2017) Page 18
Summary: 2017 and 2018 Fcused Explratin Using the Lw Sulphidatin Epithermal Gld Mdel CORPORATE 2017 Accmplishments Share cnslidatin, crprate verhead reductin, majr sharehlder prvided zer interest lans t supprt and psitin cmpany, new website, marketing materials and plans cmpleted 2018 Plans Financing Cmplete majr financing f apprximately $2M, sufficient t cmplete gechemistry, gephysics and drilling, expand sharehlder base Crprate Remain lean, blster depth as technical results warrant TECHNCIAL 2017 Accmplishments Exited nn-cre assets, imprved Caldera deal terms, cllected and interpreted extensive histrical data, expanded Caldera prperty dramatically by staking further 163 claims t cver district scale gld ptential, mapped key epithermal features. 2018 Plans Gechemistry & Gephysics Use Mapping Prgram Results t Parse Pririty Targets with Detailed Sil Gechemistry and Gephysics Cmbine Gechemistry With Gephysics t Select Best Drill Targets Drill Campaign Drill Apprximately 6 Hles @ 300m t 400m Each t Reach the Biling Zne Where Gld Wuld be Depsited Page 19
Caldera Prperty - Landscape Phts Old Prspect Pit at East Glden Rck Chip Sample in Pit had Value f 48.9 g/t Au Lking Nrthwest frm the Old East Glden Mine Drill Pad fr Hle CD07-22 n West Glden Zne Page 20
Histric Wrk Dne Histric Mining at West Glden Deep Old Wrking, At Least 70 Feet Suth Hills Zne Old East Glden Mine Visible Fault Where Hle GW-5 Intersected 10 Feet f 37.92 g/t Au Lking West frm West Glden Mine Page 21
Histric Wrk Dne n Glden King Mine Mining Activity Fllwed WNW Structures in the 1920 s Prspect Hle Fllwing High Grade Gld Vein Legacy Equipment Ore Hpper Histric Tailings at Glden King Mine Page 22
Altered Rck Acrss Caldera Prperty Highly Silicified Altered Rck n Surface f West Glden Zne Highly Fractured Rck at Glden King Mine Quartz Vein At Glden King Mine Histric Rck Sample Pht Visible Quartz in Highly Altered Rck At East Glden Page 23
Mark Fields President & CEO Office: 1.778.945.2958 mfields@discveryharbur.cm Bill Mitulas Investr Relatins Office: 1.416.479.9547 billm@venturenrthcapital.cm Office Address Suite 1400 1111 W. Gergia St. Vancuver, BC V6E 4M3 www.discveryharbur.cm 24