50 50 Page 50 minimizing initial under ground devel opment work starting at 540 tonnes per day at the Sugar Zone increasing to 1400 tonnes per day by year 2021 as access to the Middle Zone Mineral Resources are incorporated into the mine plan In May 2018 Harte Gold has struck a US70mill ion debt fnancing deal to fund the construction of its under ground gold mine 25 kilo metres north of White River The beneft of mining the higher Contd from pg 48 S tak e y our C laim in C anada s M ost Ex citing G old C amp S tak e y our C laim in C anada s M ost Ex citing G old C amp 18002498933 w w w disc o v er k l c a 18002498933 w w w disc o v er k l c a Kir k land L ak e G o o d as G old a t 100 Y ears O ld Kir k land L ak e G o o d as G old a t 100 Y ears O ld DELIVERING CLEAR VIEWS OF GLOBAL MINING PROJECTS SINCE 1915 T o subscribe call 4165105104 or 18885023456 ext 43702 or visit www norther nminer com Executive Edition Includes T he N o r t he r n M i ne r b i w ee k l y n e w spa pe r i n p r i n t a n d d i gi t al e d i t i on D a t a b a s e w i t h d e t a i l e d p r o f l e s o f o v e r 1 9 0 0 m i n i n g c o m p a n i e s a n d 1 4 7 5 m i n e s a n d a d v a n c e d p r o j e c t s S e a r c h a b l e m i n i n g n e w s a r c h i v e s d a t i n g b a c k t o 1 9 8 6 Po wer ed by grade areas of the Sugar and Middle Zones in parallel is expected to in crease average annual gold production to over 100000 ounces from 2021 to 2025 About 54500 ounces of average annual gold production is tar geted for 2019 and 2020 Construction funds still have Cdn 58 million remain ing to be spent in 2018 as of March 31 2018 on process plant completion under ground development and working capital Process plant con struction is over 80 complete Harte Gold management have identi fed a number of opportunities outside the scope of the mine plan studied in the PEA which could further improve the mine plan and economi cs of the Sugar Zone project These opportuni ties while still being explored were recognized based on the positive infll drilling and mine plan optimizations currently underway The following table summarizes NPV and IRR at various gold price and ex change rate sensitivities At Harte Gold s annual general meeting the board of directors were elected on June 21 2018 The Meeting was very well att ended with over 75 people in at tendance over 50 people participating online and 6302 of issued and out standing common shares represented in person or by proxy at the Meeting Shareholders elected Stephen G Ro man Richard Colterjohn Michael P Cowie Richard R Faucher Fer gus P Kerr Derek C Rance Michael W Sc herb and Richard H Sutclife to serve as Directors of Harte Gold Stephen G Roman is the President and CEO and Shawn Howarth is the V P of Corporate Development Harte Gold also holds the Stough tonAbitibi property located on the Destor Porcupine Fault Zone east of T immins Ontario and adjac ent to the Holloway Gold Mine Harte Gold strikes US70million debt fnancing deal to fund construction Page 51 S tak e y our C laim in C anada s M ost Ex citing G old C amp S tak e y our C laim in C anada s M ost Ex citing G old C amp 18002498933 w w w disc o v er k l c a 18002498933 w w w disc o v er k l c a Kir k land L ak e G o o d as G old a t 100 Y ears O ld Kir k land L ak e G o o d as G old a t 100 Y ears O ld Page 51 S tak e y our C laim in C anada s M ost Ex citing G old C amp S tak e y our C laim in C anada s M ost Ex citing G old C amp 18002498933 w w w disc o v er k l c a 18002498933 w w w disc o v er k l c a Kir k land L ak e G o o d as G old a t 100 Y ears O ld Kir k land L ak e G o o d as G old a t 100 Y ears O ld