#1H HARVEST GOLD DISCOVERING WORLD CLASS GOLD AND GOLD-COPPER PORPHYRY DEPOSITS in British Columbia Corporate Presentation OCTOBER 2020 TSXV: HVG#2FORWARD LOOKING INFORMATION Some statements in this presentation contain forward looking information. These statements address future events and conditions and, as such, involve inherent risk and uncertainties. Actual results could be significantly different from those projected. Risks and uncertainties of the Company's business are discussed in the Management Discussion and Analysis of the Company's Annual and Quarterly Reports, available both 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 to nearby properties owned by other H HARVEST GOLD companies, and the data presented have been extracted from these companies' press releases and websites. A Qualified. Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company's properties. Warren Bates, P.Geo., Director of Property Investigation for Harvest Gold, the Qualified Person for this document for the purposes of National Instrument 43-101, prepared or supervised the preparation of the technical information contained herein. Please do your own due diligence. 1#3AGENDA H HARVEST GOLD 01 THREE 100% OWNED PROPERTIES TWO DEPOSIT MODELS Location, Target Potential, Project Checklist 04 THE OPPORTUNITY - WHY HARVEST NOW? The Commodities, Discovery Leverage, Capital Structure 02 THE PEOPLE H Vendors, Technical Advisors, Management 03 THE TARGETS Blackwater Gold (10M oz+ Au); New Prosperity Cu-Au Porphyry (7.7m oz Au, 36B lb Cu) 05 THE PLAN/SUMMARY Exploration Plan, Equity Exploration, Summary 2#401 THREE 100% OWNED PROPERTIES | TWO DEPOSIT MODELS HARVEST GOLD'S New Acquisitions ALASKA BRUCEJACK SCOTTIE GOLD PREMIER Stewart JACOBITE BRITISH COLUMBIA Pacific Ocean British Columbia USA Mackenzie O BELL GRANISLE GOATHORN O Smithers Fort St James Terrace Prince Rupert Pacific Ocean 0 CANADA BUCK (SAN MARCOS) EMERSON EQUITY SILVER Kitimat ENDAKO Vanderhoof Prince George Legend Harvest Gold Property Road Railway Mine City 50 Km 100 River HUCKLEBERRY BLACKWATER Quesnel Williams Lake O Alexis Creek H HARVEST GOLD EMERSON, GOATHORN and JACOBITE Three HIGHLY PROSPECTIVE gold and gold-copper porphyry targets in the interior plateau of British Columbia 3#501 THREE 100% OWNED PROPERTIES | TWO DEPOSIT MODELS THE DEPOSIT MODELS Blackwater and New Prosperity Blackwater Gold Deposit +10m oz Au* New Prosperity Gold-Copper Porphyry Deposit >20 years 7.7m 3.6 billion mine life oz Au* lb Cu** H HARVEST GOLD >20 years mine life EMERSON Has the characteristics of the Blackwater Gold Deposit EMERSON AND GOATHORN Have the characteristics of the New Prosperity Gold-Copper Porphyry Deposit JACOBITE Has the characteristics of a Babine Porphyry Deposit e.g. Bell Copper Mine - Noranda *Mineral reserve estimate of 334 Mt at a grade of 0.75 g/t Au and 5.8 g/t Ag per Artemis Gold Inc. press release dated August 26, 2020 ** Proven and Probable reserves of 831 M tonnes at a grade of 0.41 g/t au and 0.23% cu per Taseko Mines website, September 28, 2020 A number of mineral resources or significant occurrences disclosed herein relate to nearby properties owned by other companies, and the data presented have been extracted from these companies' press releases and websites. A Qualified Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company's properties. 4#601 THREE 100% OWNED PROPERTIES | TWO DEPOSIT MODELS PROPERTY Checklist WORLD CLASS H Target Potential H HARVEST GOLD INFRASTRUCTURE ADVANTAGES POLITICALLY STABLE Mining Friendly Jurisdiction MINING REGION Many Discoveries MINING COMMUNITIES Houston, Smithers Near CNR Railway Near 500Kw Powerline Near Gas Pipeline Logging Road Accessible Near Paved Highway LO#702 THE PEOPLE PROPERTY Vendors H HARVEST GOLD David Caulfield P.Geo. and Henry Awmack P.Eng., Co-founders of Equity Exploration Consultants Ltd. share their vision on staking the three projects DAVID CAULFIELD P.Geo. "Henry and I have been fortunate to retire early and to have the time to reignite the passion that led us to careers as exploration geologists. We asked - what deposits in British Columbia are still out there, untouched and waiting to be discovered? Henry did the research; we did the fieldwork together and these three projects are the culmination of that multi-year search." HENRY AWMACK P.Eng. "I spent 26 years running a geological consulting company, exploring our clients' properties and understanding the necessary ingredients for their success, both technically and financially. Now that I am semi-retired, I have spent the past seven years looking for the prospects that have those ingredients. In B.C., I was drawn towards porphyry targets because they have the best chance of becoming significant mines and ultimately attracting financing from the major mining companies. As well, Artemis Gold's recent purchase of Blackwater has revitalized exploration in the Interior Plateau of B.C. for Cretaceous age volcanic and plutonic rocks to host bulk tonnage precious metal deposits. The Emerson project has similar geology, alteration, geophysical features and soil geochemical signatures to Blackwater." CO 6#802 THE PEOPLE TECHNICAL ADVISORY Team NEIL RICHARDSON P.Geo. • President of Forensic Geoscience North Inc., a geological consultancy COO of VMS Ventures Inc. and North American Nickel from 2011 to 2015 While at VMS Ventures, led the team that discovered and developed the Reed Mine Over 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 WARREN BATES P.Geo. Director of Property Investigation 30+ years experience in mining and exploration, focused on gold, porphyry copper, VMS and nickel Over 10 years experience as VP Exploration for Pelangio Exploration Inc. Part of the discovery team with Granges Gold at the Blackwater deposit H HARVEST GOLD PAT DONNELLY B.Sc. (Hon) (Geology), MBA Vice-President of Corporate Communications and Development for Trilogy Metals Inc Former co-founder and President of First Mining Gold where he negotiated and completed eight M&A transactions that built the company from a market capitalization of CDN$30 million to CDN$600 million HENRY AWMACK P.Eng. Co-founded Equity Exploration Consultants, a British Columbia geological consultancy Over 40 years exploration experience for VMS, gold and copper porphyry deposits; made the first property examination of the Petaquilla Cu-Au porphyry prospect (now Cobre Panama mine) and co-managed its early exploration and drilling 7#902 THE PEOPLE MANAGEMENT and Board RICK MARK M.Ed (Admin) → President, CEO and Chair, Director Former President and CEO of VMS Ventures, North American Nickel, Pancontinental Uranium - 3 companies with peak value of CDN$200 million Over 40 years of Canadian public resource company management LEN BROWNLIE Ph.D. Independent Director 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 in 2016) Director and Secretary of Mexican silver producer First Silver Reserve Inc. (merged with First Majestic Silver Corp. in 2006) CHRISTOPHER CHERRY CA, CGA CFO and Director >15 years corporate accounting and audit experience H HARVEST GOLD PAT DONNELLY B.Sc. (Hon) (Geology), MBA. Independent Director Vice-President of Corporate Communications and Development for Trilogy Metals Inc. Former co-founder and President of First Mining Gold where he negotiated and completed eight M&A transactions that built the company from a market capitalization of CDN$30 million to CDN$600 million 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 ED ZABLOTNY Independent Director >35 years venture capital markets, trading, credit and compliance experience 8#1003 THE TARGETS: BLACKWATER GOLD DEPOSIT MODEL ARTEMIS GOLD'S Blackwater-Davidson Gold Deposit H HARVEST GOLD ARTEMIS purchased from NEW GOLD INC. for +$210M in June 2020 PFS released Aug. 26, 2020 shows robust economics with after tax IRR of 35%* Recovery of 7.45M* ounces Au and 40.4M ounces Ag from 334M tonnes over a 23-year mine life * Mineral reserve estimate of 334 Mt at a grade of 0.75 g/t Au and 5.8 g/t Ag per Artemis Gold Inc. press release dated August 26, 2020 A number of mineral resources or significant occurrences disclosed herein relate to nearby properties owned by other companies, and the data presented have been extracted from these companies' press releases and websites. A Qualified Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company's properties. 9#1103 THE TARGETS: BLACKWATER GOLD DEPOSIT MODEL HARVEST GOLD'S Flagship Emerson Project Strong Similarities to Artemis Gold's Blackwater Au deposit H HARVEST GOLD LARGE, STRONG MINERALIZING SYSTEM Minimum 1.9 x 2.1 km; with 6 x 9 km mag low that suggests much larger system ONLY A SMALL PORTION UNCOVERED with Quartz-Sericite-Pyrite alteration Ag-Pb-Mo-Au soil geochemistry MOST OF THE SYSTEM UNEXPLORED Marked by chargeability high 10#1203 THE TARGETS: BLACKWATER GOLD DEPOSIT MODEL KEY INGREDIENTS for a Blackwater Discovery CHARACTERISTIC* BLACKWATER Host rocks Kasalka Group felsics Plutonic Association 66.9-72.2 Ma intrusives H EMERSON Kasalka Group intruded by Feldspar- Quartz-Porphyry Stock ("FQPO") 71 Ma FQPO Alteration Geochemical Pathfinders Geophysical Indicators Green sericite-pyrite-quartz (main-stage ore) Elevated Au-Ag-Zn-Cu-Pb-As White mica-quartz-pyrite Elevated Ag-Pb-Mo-Au (soils) Chargeability high Chargeability high at periphery of large Mag low *Greater detail provided in technical appendix HARVEST GOLD 11#1303 THE TARGETS: BLACKWATER GOLD DEPOSIT MODEL EMERSON Historic Drilling Extensive Alteration Suggests Strong Mineralized System with Multiple Pulses wwwww 68-4 68-3 68-2 O Drill holes O Amax (1968): Cu and Mo analyses only Lorex (1987): Reached bedrock Lomex (1987): Lost in overburden N す 68-1 87-2 87-4 Induced Polarization Chargeability Anomalies Definite Probable Possible Unknown 100 0 100 200 300 400 m H HARVEST GOLD In 1968 AMAX (a former moly producer) drilled four shallow holes looking for molybdenum. Holes not assayed for Au but encountered EXTENSIVE alteration and hairline quartz fractures. Lornex drilled five holes in 1987, only two reached Bedrock and only EM87-4 intersected altered porphyry. Higher gold values (100-300 ppb) associated with zones containing 7-10% pyrite. Neither drilling campaign adequately explained the high gold soil values. 12#1403 THE TARGETS: BLACKWATER GOLD DEPOSIT MODEL HISTORIC AMAX HOLE 1968-1 X-section Showing INTENSE ALTERATION with INCREASING VEINLET INTENSITY at depth over 298 m total length - evidence of a STRONG MINERALIZED SYSTEM Hairline quartz veinlets: 102/metre "What has us excited is that our surface grab samples of this alteration near the drill collar of this hole shows gold anomalism with gold values up to 0.762 g/t". - - Henry Awmack LEGEND HAZELTON GRANODIORITE ΟΥΚΕ ROCKS GROUP Nimes 10% Hairline quartz veinlets: 230/metre Exte Dyke M ain " GM AM H HARVEST GOLD 2008 C Ta LOCATION 3 W on L Collor Elevotion 3050 Ta DEPTH DIP BE ****** 207 455 SMITH " 13#1503 THE TARGETS: NEW PROSPERITY GOLD-COPPER PORPHYRY DEPOSIT MODEL HIGHLY PROSPECTIVE Copper/Gold/Moly Porphyry Targets H ALASKA BRUCEJACK SCOTTIE GOLD PREMIER Stewart JACOBITE British Columbia BRITISH COLUMBIA Pacific Ocean USA Mackenzie O CANADA HARVEST GOLD EMERSON, GOATHORN and JACOBITE Prince Rupert Pacific Ocean 0 BELL GRANISLE GOATHORN O Smithers Fort St James Terrace BUCK (SAN MARCOS) EMERSON EQUITY SILVER Kitimat ENDAKO Vanderhoof Prince George Legend Harvest Gold Property Mine Road Railway City 50 Km 100 River HUCKLEBERRY BLACKWATER Quesnel Williams Lake O Alexis Creek EMERSON (50 km²) and GOATHORN (17.8 km²) have characteristics of New Prosperity gold-copper porphyry (7.7M oz. Au; 3.6 billion lb. Cu) JACOBITE (17.8 km²) has characteristics of Babine style porphyry deposits (Bell 411,000 oz Au; 303,000 T Cu from 77mt ore - Noranda; Granisle - 220,000 oz Au; 214,000 t Cu from 53 mt ore) 14#1603 THE TARGETS: NEW PROSPERITY GOLD-COPPER PORPHYRY DEPOSIT MODEL COPPER/GOLD PORPHYRIES in North America British Columbia is home to the largest number of World Class Copper/Gold Porphyries in North America Casino Schaft Creek Galore Creek Sulphurets Dublin Gulch Red Mountain Adanac Logtung Red-Chris Colomac Glacier Gulch Huckleberry Alice Arm District Kemess Babine District Mount Milligan Endako Prosperity (Fish Lake) Mount Polley Gibraltar METALS Highland Valley District Island Copper Afton District Brenda Similkameen District 0 100 200 300 400 500 kilometres Trout Lake H HARVEST GOLD If you want to find elephants, go to elephant country! "In British Columbia porphyry targets have the best chance of becoming significant mines and ultimately attracting financing from the major mining companies." Henry Awmack, P.Eng. LARGE Cu Cu-Au >2 Cu 52 ☐ ☐ ☐ ☐ ☐ Au Cu-Mo Mo >1 Cu and 100 Au >250 Au >1 Cu and 0.1 Mo >0.2 Mo W-Mo Sn >0.1 Sn Ag >1000 Ag DEPOSIT SIZE (CONTAINED METAL) (millions of tonnes, except Au and Ag in tonnes) >0.05 W and 0.1 Mo MEDIUM 0.2-2 Cu 0.1-1 Cu and 10-100 Au 25-250 Au 0.1-1 Cu and 0.01-0.1 Mo 0.02-0.2 Mo 0.01-0.05 W and 0.01-0.1 Mo 0.01-0.1 Sn 100-1000 Ag □ SMALL <0.2 Cu <0.1 Cu and 10 Au <25 Au <0.1 Cu and 0.01 Mo <0.02 Mo <0.01 W and 0.01 Mo <0.01 Sn <100 Ag 15#17HARVEST GOLD 04 THE OPPORTUNITY: WHY HARVEST NOW? COPPER and Gold Commodities Most Likely to be Needed in the Next 20 Years PRIMARY COPPER PRODUCTION FOR THE WORLD: 1900-2050 H 40 Mt pa Cu 35 30 25 20 20 15 45 10 10 5 0.5 Mt pa in 1900 0 1900 The World's demand for metals DOUBLES every 20-30 years CUMMULATIVE COPPER PRODUCTION FOR ALL HISTORY (1000 BC to 2016 AD) = 687 Mt Cu 2.5 Mt pa in 1941 4.6 Mt pa in 1966 9.3 Mt pa in 1991 1920 1940 1960 1980 FORECAST CUMMULATIVE DEMAND OVER NEXT 26 YEARS (2017-2042) = 689 Mt Cu 20.7 Mt pa in 2016 2000 HISTORIC DEMAND Average Growth Rate of 3.2% pa Over Last 25 Years 32.8 Mt pa in 2042 2020 2040 FORECAST DEMAND Based on 1.8% pa Growth 16#1804 THE OPPORTUNITY: WHY HARVEST NOW? TYPICAL EXPLORATION STOCK Price Cycle Harvest Gold is poised for significant share appreciation on discovery LIFE CYCLE OF A JUNIOR EXPLORER EXPLORATION H HARVEST GOLD RELATIVE VALUE 10 10 8 6 4 2 CONCEPT MINING PRE-DISCOVERY DISCOVERY 1-2 years FEASIBILITY 2-3 years DEVELOPMENT 2 years STARTUP 1 year DEPLETE - High Risk High Potential Value Lowered Risk Full Value SPECULATION 0 HARVEST GOLD SPECULATORS LEAVE TIME INSTITUTIONAL INVESTMENT ORPHAN PERIOD 17#1904 THE OPPORTUNITY: WHY HARVEST NOW? SHARE STRUCTURE Allows for Leveraged Growth TSX Venture Exchange (Canada): TSXV:HVG CAPITAL STRUCTURE SHARES ISSUED H HARVEST GOLD 10,147,512 1 Year Trading Range Current price $0.25 MARKET CAPITALIZATION ~$2.5 million Major Shareholders Avg. daily trading volume (previous month) $0.06 $0.29 -89,000 Management 11% Sept. 11-30/20 1.25 m shares trade at avg. $0.23/share 0.3 July 1 to Sept. 8: 2.86 m shares trade at avg. $0.16/share Sep 30 Oct 21 Nov 4 Nov 18 Dec 2 Dec 16 Dec 30 Jan 13 Jan 27 Feb 10 Feb 24 Mar 9 Mar 23 Apr 6 Apr 21 May 4 May 19 Jun 8 Jun 22 Jul 6 Jul 20 Aug 4 Aug 17 Aug 31 Sep 14 0.28 0.26 0.24 0.22 0.2 0.18 0.16 0.14 0.12 0.1 0.08 0.06 18#2004 THE OPPORTUNITY: WHY HARVEST NOW? 100% Interest Harvest Gold can earn a 100% interest in any or all of the three projects on exceptionally good terms TIME EXPLORATION (CDN) CASH (CDN) STATUS TSX.V Approval $35,000 for all three projects Paid December 31, 2021 $450,000 $20,000 per property December 31, 2022 $25,000 per property December 31, 2023 $50,000 per property December 31, 2024 $75,000 per property TOTAL $450,000 Minimum: $35,000; Maximum: $545,000 **Subject to a 50% buydown for $500,000 prior to publication of mineral resource or for $1,500,000 thereafter H HARVEST GOLD Harvest has until Dec. 31, 2021 to complete the Phase 1 program with a minimum of $100,000 spent on each project Can then elect to keep 100% interest in 1 to 3 of the 3 projects by making the cash payments on the anniversary dates, subject to a 1.5% NSR royalty** Pay advance royalty payments of $5,000/project for 4 years starting Dec. 31, 2025; increasing to $10,000/ project for 4 years starting Dec. 31, 2029 and $20,000/year thereafter 19#2105 THE PLAN PROPOSED Exploration Plan H HARVEST GOLD EMERSON • Aerial magnetics survey (Fall 2020) → Twin historic AMAX holes with gold assays (March 2021) Ground-based pole-dipole IP survey (May 2021) Drill Up to 20 holes over prospective IP anomalies (Summer 2021) JACOBITE • Aerial magnetics survey (Fall 2020) • IP survey with 200 m spacings in the vicinity of the high Cu soil samples collected in 2019 soil sampling at 100 m spacings on all new cut-lines (May 2021) Mapping, prospecting and sampling conducted along the cut-lines → Maiden drill program if warranted GOATHORN → IP survey at 400m intervals between bounding faults and symmetrically around magnetic high (May 2021) → Soil samples collected at 100 m intervals on the cut-lines Maiden drill program if warranted 20 20#2221 221 05 THE PLAN EQUITY EXPLORATION to Execute the Plan Harvest has partnered with one of the Industry's very best Founded in 1987, Equity Exploration has experience exploring every region of British Columbia. Their team of 19 fulltime geologists and support staff includes experts in structural geology, 3D modelling, databases, logistics project management, permitting and resource estimation and has all the experience and skills required to execute efficient, stepwise and geologically-focused programs at Emerson, Goathorn and Jacobite. H HARVEST GOLD "Securing the services of Equity Exploration means that our exploration will be conducted to the highest standard by our two teams combining their excellence and experience. This means our shareholders can have absolute confidence that the very best decisions will be made in search of discovery at Emerson, Goathorn and Jacobite." - Rick Mark#23SUMMARY - WHY INVEST in Harvest Gold H HARVEST GOLD Three expertly selected gold and gold- copper projects with significant size and depth potential and multiple targets in belt of world class deposits H ARTEMIS GOLD purchase of Blackwater-Davidson gold deposit for >$210 million and massive size of New Prosperity au-cu porphyry demonstrates potential upside of a discovery Mining friendly, politically stable jurisdiction; road accessible, near infrastructure and workforce Straightforward, inexpensive deal to acquire 100% interest in each project Experienced, knowledgeable and successful exploration team Clear strategy to determine size and economic potential of any discovery Harvest Gold is a low-cost opportunity to participate in leverage associated with discovery of a potential world class gold or gold-copper deposit. 22 22#24H HARVEST GOLD CONTACT Rick Mark President and CEO Email: [email protected] Telephone: 604-682-2928 HEAD OFFICE Suite 804 750 West Pender St. - Vancouver, BC V6C 2T7 TSXV HVG