2 Ca utionary St atements Cer t a in inf o r m a tio n co n ta ine d or inco r p o r a te d by r e f e r e n ce in t h is p r e se n ta tio n of Har te G o ld Cor p Ha r t Go ld or t h e Com p a n y inclu d ing a n y in fo r m a tio n r e lat ing to t h e Com p a n y s s t r a te g y th e S u g a r Z o n e M in e P r o p e r t y p lan s or fu tu r e fin a n cial or o p e r a tin g p e r f o r m a n ce c o n s titu te s fo r wa r d loo k ing s ta te m e n ts w ith in t h e m e a n ing of a p p li ca b le se cu r ities leg isl a tio n A ll st a te m e n ts o t h e r th a n s ta te m e n ts of h isto r ical f a ct a r e fo r w a r d loo k ing s ta te m e n t s T h e w o r d s se e k a n ticipa t e b u d g e t p lan co n tin u e e s tim a te e x p e ct fo r e c a st m a y w il l p r o ject p r e d ict p o te n tia l ta r g e tin g int e n d co u ld m igh t sh o u ld b e li e ve a n d sim il a r w o r d s su g g e s tin g f u t u r e o u t co m e s or sta te m e n ts r e g a r d ing an o u tlo o k ide n ti f y f o r w a r d loo k ing s ta te m e n t s In p a r tic u lar th is p r e se n ta tio n co n t a ins f o r w a r d loo k ing s ta te m e n t s inclu d ing w ith o u t li m ita tio n w i th r e sp e c t to th e Com p a n y s fo r w a r d loo k ing p r o d u c tio n g u ida n ce and p lan s e s tim a t e s of to ta l c a sh co s ts p e r o u n ce A I S C p e r o u n c e p r o jec te d ca p ita l o p e r a tin g a n d e xp lo r a tio n e x p e n d it u r e s m ine li fe and p r o d u c tio n r a te s e s tim a te d tim ing fo r co n tin u e d d e v e lop m e n t of and c o n s t r u c tio n a t a n d p r o d u ct ion fr o m th e S u g a r Z o n e M in e P r o p e r t y a n ticipa t e d g o ld p r o d u c tio n fr o m t h e S u g a r Z o n e M ine P r o p e r t y t h e r e lat ion sh ip b e t w e e n t h e Com p a n y a n d B N P P a r ib a s and A p p ian a n d f u r th e r e x p lo r a tio n a ctivities F o r w a r d loo k ing s ta te m e n t s are n e ce ss a r il y b a se d u p o n a n u m b e r of e stim a t e s and a s su m p tio n s inclu d ing m a te r ial e s tim a te s a n d a ssu m p tio n s r e la t e d to th e fa c to r s se t fo r th b e lo w t h a t w h il e co n side r e d r e a so n a b le by th e C o m p a n y as at t h e d a te of t h is p r e se n ta tio n in li g h t of m a n a g e m e n ts e xp e r ien ce a n d p e r ce p tio n of cu r r e n t co n d ition s a n d e x p e c te d d e v e lop m e n ts a r e inh e r e n tl y su b ject to sign ifican t b u sine s s e c o n o m ic and co m p e titive u n ce r ta int ies a n d co n tin g e n cies K n o wn a n d u n k n o w n fa cto r s co u ld ca u se a c tu a l r e su lts to d if fe r m a t e r iall y f r o m th o s e p r o jec te d in th e f o r war d loo k ing st a t e m e n ts a n d u n d u e r e li a n ce sh o u ld n o t be p lace d on su ch st a t e m e n ts and in fo r m a tio n S u ch fa c to r s in clud e b u t a r e n o t li m ite d to flu ct u a tio n s in t h e sp o t a n d f o r wa r d p r ice of g o ld t h e sp e cu la t ive n a t u r e of m in e r a l e x p lo r a t io n and d e ve lo p m e n t ch a n g e s in m in e r a l p r o d u c t io n p e r f o r m a n ce and co n t r a c t o r u n d e r p e r f o r m a n ce e xp lo ita t io n a n d e x p lo r a t io n s u cc e s se s Co m p a n y s a b ili t y to a t tr a c t a n d r e ta in q u a li fie d ca n d ida te s to join t h e Com p a n y s m a n a g e m e n t te a m and b o a r d of d ir e c to r s d im inish ing q u a n titie s or g r a d e s of r e se r ve s a n d r e s o u r ce s inc r e a se d co s ts d e la y s su sp e n sion s a n d te ch n ical ch a ll e n g e s a sso ciat e d w ith t h e d e v e lop m e n t a n d c o n s t r u c tio n of ca p i ta l p r o jec ts o p e r a tin g or t e ch n ic a l d if ficu lties in co n n e c tio n w i th m inin g or d e v e lop m e n t a c tivities inclu d ing g e o te c h n ical c h a ll e n g e s a n d d isr u p tio n s in th e m a in te n a n ce or p r o visi o n of r e q u i r e d inf r a st r u ct u r e a n d in fo r m a tio n te ch n o lo g y s y s te m s fa il u r e to co m p l y w ith e n vi r o n m e n ta l a n d h e a lth a n d sa fe t y la w s and r e g u lat ion s tim ing of r e ce ip t o f or fa il u r e to co m p l y w ith n e ce ssa r y p e r m its a n d a p p r o va ls u n ce r ta int y whe th e r th e S u g a r Z o n e M i n e P r o p e r t y t a r g e t e d inve stm e n t s w il l m e e t th e Com p a n y s ca p ita l a ll o ca tio n o b jec tive s and in te r n a l h u r d le r a te t h e im p a c t of g lob a l li q u idity a n d cr e d it a v a il a b il it y on t h e tim ing of ca sh flo w s a n d t h e va lue s of a s se t s and li a b il ities b a se d on p r o jec te d fu tu r e ca sh flo w s th e im p a c t of inf la tio n flu ct u a tio n s in th e cu r r e n c y m a r k e t s d a m a g e to th e Com p a n y s r e p u t a tio n d u e to th e a c tu a l or p e r ce ived o cc u r r e n ce of a n y n u m b e r of e ve n ts inclu d ing n e g a t ive p u b li cit y w i th r e s p e c t to t h e Com p a n y s h a n d li n g of e n vir o n m e n ta l m a t te r s or d e a li n g s w ith co m m u n it y g r o u p s w h e t h e r t r u e or n o t th e p o ssibili t y th a t fu t u r e e x p lo r a tio n r e su lts w il l n o t be co n sist e n t w it h th e Com p a n y s e xp e c ta tio n s r isk s th a t e xp lor a tio n d a ta may be inco m p let e and co n side r a b le a d d ition a l w o r k may be r e q u ir e d to co m p le te fu r th e r e va lu a tio n inclu d ing b u t n o t li m ite d to d r il li n g e n g ine e r ing a n d so cio e co n o m ic st u d ies and inv e stm e n t r isk of loss due to a cts of war te r r o r ism sa b o t a g e a n d civi l d istu r b a n ce s li tig a tio n a n d leg a l and a d m inistr a tive p r o ce e d ing s b u sine ss o p p o r t u n ities th a t m a y be p r e s e n te d to or p u r su e d b y t h e Com p a n y r isk s a s so cia te d w ith e m p lo y e e r e la tio n s inclu d ing loss of k e y e m p lo y e e s inc r e a se d co s ts a n d p h y sical r isk s inclu d in g e xtr e m e w e a th e r e ve n t s and r e so u r ce sh o r ta g e s r e la t e d to cli m a te ch a n g e a n d a v a il a b il it y a n d incr e a se d co s ts a sso cia te d w ith m in ing inp u ts and lab o r In a d d ition t h e r e are r isk s and h a z a r d s a ss o ciat e d w ith th e b u sine ss of m ine r a l e x p lo r a tio n d e ve lo p m e n t a n d m inin g inclu d ing e n vir o n m e n ta l h a z a r d s ind u st r ial a ccid e n ts u n u s u a l or u n e x p e cte d fo r m a tio n s p r e s su r e s c a ve ins flo o d ing a n d g o ld co n ce n t r a te lo ss e s a n d t h e r isk of in a d e q u a t e in su r a n ce or in a b ili t y to o b t a in in s u r a n c e to co v e r t h e se r isk s M a n y of t h e se u n ce r t a in t ie s a n d co n t in g e n cie s ca n a f f e c t o u r a ct u a l r e s u lts and co u ld ca u se a c t u a l r e su lts to d if f e r m a t e r ia ll y f r o m t h o s e e xp r e sse d or im p li e d in any fo r w a r d lo o k ing sta te m e n t s m a d e b y or on b e h a lf o f us Rea d e r s a r e ca u tio n e d th a t fo r wa r d loo k ing st a t e m e n ts a r e n o t g u a r a n t e e s of fu tu r e p e r fo r m a n c e A ll of th e fo r war d lo o k ing sta te m e n ts m a d e in th is p r e se n ta tio n a r e q u a li fie d by t h e se ca u t ion a r y s t a t e m e n ts S p e cific r e fe r e n ce is m a d e to th e m o s t r e ce n t A n n u a l In fo r m a tio n F o r m a n d in o th e r fili n g s of th e Com p a n y w i th se cu r ities and r e g u la to r y a u t h o r ities w h ich are a va il a b le on S E D A R at w ww se d a r c o m f o r a m o r e d e ta il e d d isc u ssion of s o m e of th e fa ct o r s a n d r isk s u n d e r l y ing fo r w a r d loo k ing sta t e m e n t s t h a t may a f fe ct th e C o m p a n y s a b il it y to a ch iev e t h e e xp e c ta tio n s s e t fo r th in th e fo r w a r d loo k ing st a t e m e n ts co n ta ine d in th is p r e se n ta tio n T h e Com p a n y d iscl a im s any int e n tio n or o b li g a tio n to u p d a te or r e vise any fo r w a r d loo k ing sta te m e n ts w h e th e r as a r e su lt of new inf o r m a tio n fu tu r e e ve n ts or o th e r w ise e x ce p t as r e q u ir e d by a p p li ca b le law In th is p r e se n t a tio n we u se t h e te r m s E B I T DA c a sh o p e r a tin g co s t and A ll In S u st a inin g Cos t or A I S C T h e s e sh o u ld be co n side r e d non IF R S fin a n ci a l m e a su r e s as d e fin e d in a p p li ca b le Can a d ian se c u r i tie s la w s and sh o u ld n o t be co n side r e d in isola tio n or as a su b sti tu te fo r m e a su r e s of p e r fo r m a n ce p r e p a r e d in a cc o r d a n ce w ith IF RS F o r a d d i tio n a l inf o r m a tio n r e g a r d ing non IF RS fi n a n cial m e a s u r e s u se d by th e Com p a n y p lea se r e fe r to t h e h e a d ing Non IF RS M e a su r e s in th e Com p a n y s M a n a g e m e n t Di scu ssion and A n a ly sis fo r th e th r e e m o n th s ended M a r ch 31 2020 and 2019 a va il a b le at www se d a r co m A ll d o ll a r a m o u n ts sta te d are d e n o m ina te d in Can a d ian d o ll a r s u n less sp e cified o th e r w ise A ll to n n a g e s in m e tr ic u n less o th e r w ise n o te d C au t i on R eg arding Fo rw ar d Lo ok i ng I nform at i on an d N on I FRS Fi nanci al M easur es