[Sam Dan]

Finally some news re drilling in Nevada.Not exactly exciting
Of course only assay results will tell us the true value potential, can't depend on visuals.
Patience only thing we can do.
""Company" or "Discovery Harbour") announces that the field drilling portion of the Company's Caldera drill program is complete. Selected core from each of the five holes will be assayed, with the initial assays expected by the end of October and further results over the following months.
The Company completed drilling a total of slightly over 1900 metres, testing five low sulphidation epithermal gold targets on the Caldera Property. Although the Company planned to test six drill targets, budget constraints resulted in the program being limited to five holes. Each hole was deeper than any previous drilling on Caldera and each site was selected to test the boiling zone, typically found at approximately 300+ metres below the paleo-surface, where precious metals are concentrated. The Caldera gold property lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

Mark Fields, the Company's President and CEO stated, "I'd like to commend the field personnel for a job well done. At times, particularly in the final holes, the drilling conditions proved very difficult and yet the drill contractor, working with our field crew, successfully reached the key target zone in each case. Core recovery was less than optimal in the final holes due to bad ground conditions. The original plan was to test more of the 10 targets permitted for drilling; however, the difficult drilling conditions, particularly in the fifth and final, resulted in the decision to conclude the program. We anticipate lab results as they become available, the earliest of which we expect by the end of October."

Alan Morris, CPG, is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release."

[Sam Dan]

Management finally gives us an update on drilling in the Nevada projects of DHR. They suggest you look at pictures of the cores that have been sent to the lab for assays.
I am a firm believer that only assays will give us the true value in the cores. So don"t invest until the assays are revealed by the end of October
""Company" or "Discovery Harbour") is pleased to announce that the Company's Caldera drill program is progressing well with four holes completed. Each hole has reached the planned target depth with excellent recoveries. The Company currently plans to test six drill targets, each one to a depth 100 to 300 metres, deeper than any previous drilling on Caldera. Discovery Harbour will be the first company to test the boiling zone, typically found at approximately 300+ metres depth, where precious metals come out of solution and potentially develop into a high grade portion of a low sulphidation epithermal gold system. The Caldera gold property lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

The drill program is expected to be complete by the beginning of October. Selected drill core has been sent to the lab for analysis and will continue to be sent as further drill holes are completed. Results are expected to be available beginning the end of October and the Company will release the results in batches as they are available.

Mark Fields, the Company's President and CEO, stated "We are pleased that the drill program is proceeding smoothly and it is a tribute to our team that the program is being executed efficiently. We have done a series of videos describing our program and results to date and encourage everyone to view them on our website. The link is under "Videos" at: https://discoveryharbour.com/investors/media/. There are also videos describing Newcrest Mining Limited's progress, results and drill plans for this year on the Fortuity 89 property, which is immediately to the west of Caldera"

[Sam Dan]

LET THE GAMES BEGIN. Now we will see whether DHR has a future with the Nevada gold play determining success or failure. Watch for the assays reports-they will give us reality.
" "Discovery Harbour") is pleased to announce that Company's drill program is underway on the Caldera gold property, which lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada. The Company plans to test six to eight drill targets, the order being determined by logistics and results as the drilling progresses. The drill holes will be 100 to 300 metres deeper than any previous drilling on Caldera in order to target the potentially high grade portion of the low sulphidation epithermal gold system. Discovery Harbour will be the first company to test the potential of a boiling zone, typically found at approximately 300+ metres depth, where precious metals come out of solution.

Drilling has commenced on target "G" (Figure 1 on the following page). This target is characterized by rock sample assays which are continuously anomalous along a structure of at least 500 metres in length, including three rock samples greater than 15 grams per tonne ("g/t") gold and a further 11 samples greater than 2 g/t gold. Shallow historical drill holes in this area returned anomalous gold, including 10.7 metres of 1.09 g/t gold. A broad zone of coincident quartz and chalcedony, also coincident with soil samples anomalous in gold, silver, arsenic and antimony, further support this target as a promising low sulphidation epithermal gold system. An additional encouraging feature of this target is a structural inflection prospective for gold deposition.

The drill program is expected to take approximately eight weeks. The drill core will be split and sent to the laboratory for analysis with results expected to begin during the fall.

Mark Fields, the Company's President and CEO, stated "It is an exciting time with the Caldera drill program now underway. We have a selected 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera, each having the potential to deliver a significant high grade intercept."

Mark Fields continued "In addition to the Caldera drill program, Newcrest Mining Ltd. has confirmed it has identified encouraging targets which it plans to drill test this year (see Discovery Harbour news release, July 14 2021). Caldera and Fortuity 89 are only a few kilometres apart with similar geology and gold deposition models."

TEN DRILL SITES PERMITTEED FOR DRILLING

Previous drilling showed "Strong continuous structure characterized by strong alteration, numerous old workings with rock samples including assays of 8.2, 4.9, 15.6, 3.3 and 8.2 grams/tonne ("g/t") gold with a high silver ratio, historical drilling consistently intersected low grade mineralization indicative that this target is within the gold mineralized system.
B Gold and silver plus arsenic, mercury soil anomalies coincident with northwesterly structure, prominent regional linear, previously untested by drilling.
C Good gold and silver soil anomalies coincident with bladed silica after calcite mineral textures supportive of gold system intact below surface, rock samples include assays of 4.1 g/t gold.
D Good sheeted stringer veins, strong silica alteration, poor rock exposure, historical drillholes include 6.1m@7.36 g/t gold and 3.0m@5.14 g/t gold.
E Rock samples from old workings include 48.9 and 22.4 g/t gold, historical drilling includes 7.6m@4.45 g/t gold.
F At intersection of 2 structures, broad zone of quartz and chalcedony alteration, rock samples include 36.9 and 14.5 g/t gold and a further 9 rock samples greater than 2 g/t gold, historical drillholes include 7.6m@8.33 g/t gold, 3.0m@2.75 g/t gold
G Rock sample assays continuously anomalous along 500 metre structure, 3 rock samples greater than 15 g/t gold and a further 11 samples greater than 2 g/t gold, structural inflection prospective for gold deposition.
H Various old workings and historic small scale mining, rock samples include assays of 65.5 and 9.6 g/t gold with anomalous silver, arsenic and antimony, historical drillholes include 6.1m@3.97 g/t gold.
I,J Historical drill holes include 2.2m@22.4 g/t gold, (which ended in mineralization at 45.7m), 3.0m@37.92 g/t gold, 1.5 m@9.03 g/t gold and numerous old workings, locations provide flexibility subject to permitting.

Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

About Discovery Harbour

Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is to undertake a drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Resources, Inc on its Fortuity 89 property in Nevada.

[Sam Dan]

And now the game begins! The results will make or break the future.
""Discovery Harbour") is pleased to announce that Company's drill program is underway on the Caldera gold property, which lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada. The Company plans to test six to eight drill targets, the order being determined by logistics and results as the drilling progresses. The drill holes will be 100 to 300 metres deeper than any previous drilling on Caldera in order to target the potentially high grade portion of the low sulphidation epithermal gold system. Discovery Harbour will be the first company to test the potential of a boiling zone, typically found at approximately 300+ metres depth, where precious metals come out of solution.

Drilling has commenced on target "G" (Figure 1 on the following page). This target is characterized by rock sample assays which are continuously anomalous along a structure of at least 500 metres in length, including three rock samples greater than 15 grams per tonne ("g/t") gold and a further 11 samples greater than 2 g/t gold. Shallow historical drill holes in this area returned anomalous gold, including 10.7 metres of 1.09 g/t gold. A broad zone of coincident quartz and chalcedony, also coincident with soil samples anomalous in gold, silver, arsenic and antimony, further support this target as a promising low sulphidation epithermal gold system. An additional encouraging feature of this target is a structural inflection prospective for gold deposition.

The drill program is expected to take approximately eight weeks. The drill core will be split and sent to the laboratory for analysis with results expected to begin during the fall.

Mark Fields, the Company's President and CEO, stated "It is an exciting time with the Caldera drill program now underway. We have a selected 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera, each having the potential to deliver a significant high grade intercept."

Mark Fields continued "In addition to the Caldera drill program, Newcrest Mining Ltd. has confirmed it has identified encouraging targets which it plans to drill test this year (see Discovery Harbour news release, July 14 2021). Caldera and Fortuity 89 are only a few kilometres apart with similar geology and gold deposition models."

TEN DRILL SITES PERMITTEED FOR DRILLING

A summary description of highlight characteristics of each drill target permitted for drilling is provided in the table below. Detailed descriptions are available at the Company website: www.discoveryharbour.com.

Drill Site Target Highlights
A Strong continuous structure characterized by strong alteration, numerous old workings with rock samples including assays of 8.2, 4.9, 15.6, 3.3 and 8.2 grams/tonne ("g/t") gold with a high silver ratio, historical drilling consistently intersected low grade mineralization indicative that this target is within the gold mineralized system.
B Gold and silver plus arsenic, mercury soil anomalies coincident with northwesterly structure, prominent regional linear, previously untested by drilling.
C Good gold and silver soil anomalies coincident with bladed silica after calcite mineral textures supportive of gold system intact below surface, rock samples include assays of 4.1 g/t gold.
D Good sheeted stringer veins, strong silica alteration, poor rock exposure, historical drillholes include 6.1m@7.36 g/t gold and 3.0m@5.14 g/t gold.
E Rock samples from old workings include 48.9 and 22.4 g/t gold, historical drilling includes 7.6m@4.45 g/t gold.
F At intersection of 2 structures, broad zone of quartz and chalcedony alteration, rock samples include 36.9 and 14.5 g/t gold and a further 9 rock samples greater than 2 g/t gold, historical drillholes include 7.6m@8.33 g/t gold, 3.0m@2.75 g/t gold
G Rock sample assays continuously anomalous along 500 metre structure, 3 rock samples greater than 15 g/t gold and a further 11 samples greater than 2 g/t gold, structural inflection prospective for gold deposition.
H Various old workings and historic small scale mining, rock samples include assays of 65.5 and 9.6 g/t gold with anomalous silver, arsenic and antimony, historical drillholes include 6.1m@3.97 g/t gold.
I,J Historical drill holes include 2.2m@22.4 g/t gold, (which ended in mineralization at 45.7m), 3.0m@37.92 g/t gold, 1.5 m@9.03 g/t gold and numerous old workings, locations provide flexibility subject to permitting.


Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

About Discovery Harbour

Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is to undertake a drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Resources, Inc on its Fortuity 89 property in Nevada.

[Sam Dan]

OUR WAIT IS OVER. FINALLY, APPROVAL RECEIVED SO THAT DRILLING CAN BEGIN IN NEVADA. LET THE GAME BEGIN.
""Discovery Harbour") is pleased to announce that the United States Forest Service ("USFS") has concluded its review of the drill permit application with a positive decision for the epithermal gold Caldera property in Nevada. The positive USFS Decision Memo provides approval of the Company's Plan of Operations for Discovery Harbour to undertake a drill program on up to 10 drill targets this summer (for a description of the drill targets please refer to the Company's website, www.discoveryharbour.com, and the news release of August 31, 2020). The Company has engaged a drill contractor and is finalizing all necessary arrange ments. In connection with the drill permit, the Company is making arrangements to post a $49,200 bond, a standard condition for a drill permit of this type. The Company expects to confirm all necessary logistics and contractors in order to begin drilling in August.

Mark Fields, the Company's President and CEO, stated, "We are very pleased to receive the positive drill permit decision. It has been a longer process than we anticipated, however, we have used the time to carefully prepare for the drill program. We are fully funded to drill test a series of the low sulphidation epithermal gold targets at depths substantially deeper than any historical drilling at Caldera. I would like to thank our shareholders for their patience as we worked our way towards this drill program."

Mark Fields continues, "It is an exciting time with both the Caldera and Fortuity 89 properties advancing. We can now confirm our drill plans for Caldera, and Newcrest is rapidly advancing activity on the Fortuity 89 property through their evaluation and target identification for a drill program (see Discovery Harbour news releases, March 9, 2021 and April 12, 2021). The properties are only a few kilometres apart with similar geology and gold deposition models."

Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

About Discovery Harbour
Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is to undertake a drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Resources, Inc on its Fortuity 89 property in Nevada.

About Newcrest
Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is one of the world's largest gold mining companies. Its purpose is to create a brighter future for people through safe and responsible mining. Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfield and greenfield exploration projects - predominantly in the Asia-Pacific and North and South America."

[Sam Dan]

TO ME, THE NEWS OF THIS AGREEMENT SHOULD START A VERY
SIGNIFICANT GAIN IN SHARE PRICE FOR MANY MONTHS TO COME . BETWEEN THE TWO MAIN PROJECTS PRODUCING ASSAYS AFTER ASSAYS WILL NATURALLY DRIVE SHARE GROWTH WITH EXPLORATION UPDATES!
NATURALLY, I AM ASSUMING POSITIVE DRI LLING RESULTS WILL BE PRODUCED. THATT IS THE DRIVER OF SUCCESS. BUT THE PRESENCE OF NEWCREST, A PROVEN WORLD LEADER IN MINING DEVELOPMENT, MUST BE ENCOURAGING TO INVESTORS.
I ENVISION MULTIPLE DOLLAR INCREASES IN VALUATION OF DHR IN DAYS, MONTHS AND YEARS.
HOPE I AM RIGHT!

[Sam Dan]

OUT OF THE BLUE A VERY INTERESTING NEW PROJECT SIGNED WITH A MAJOR GOLD COMPANY TO DEVELOP ANOTHER PROJECT IN NEVADA.
" (the "Company" or "Discovery Harbour") is pleased to announce it has entered into an option and earn-in agreement ("the Agreement") with Newcrest Resources, Inc., a wholly owned subsidiary of Newcrest Mining Limited ("Newcrest") on the Fortuity 89 property in Nevada.

Discovery Harbour holds the early stage epithermal gold Fortuity 89 property, which covers close to 34 square kilometres and is located approximately four kilometres west of Discovery Harbour's Caldera property. Fortuity 89 is characterized by limited outcrop in a large gravel covered plain. The limited outcrop is strongly altered and other indications are consistent with the area being high in a potentially gold bearing epithermal system.
The basic terms of the Agreement for Newcrest to earn an interest are:

Phase Expenditures
(US$) Interest Earned by Newcrest (%) Total Time for Each Stage
Initial $ 1,500,000 Nil 12 months
I $10,000,000 51 Up to 24 months
II $20,000,000 65 Up to 24 months
III Completion of Positive Preliminary Economic Assessment in accordance with NI 43-101 (based on minimum of 1M oz gold) 75 Up to 24 months


Notes:

The initial US$1,500,000 is a minimum commitment ("Minimum Commitment"); Phases I, II and III are at Newcrest's election to proceed. Should Newcrest elect to continue to Phase I, it shall also pay to Discovery Harbour US$250,000. Newcrest can withdraw from the Agreement any time after meeting the Minimum Commitment.
The cumulative expenditure through to the end of Phase II is US$31,500,000. Any excess expenditures from a previous phase will be applied to the subsequent phase.
Newcrest may extend the Phase III period by 12 months by paying Discovery Harbour US$500,000.
At the end of Stage III, if Newcrest earns a 75% interest it then must acquire Discovery Harbour's 25% interest at a fair value based upon parameters using standard industry valuation methods.
If Newcrest earns a 65% interest in Phase II, but elects to not proceed to completion of Phase III, the respective participating interests in the joint venture will revert to Discovery Harbour owning 51% and Newcrest owning 49%.
Discovery Harbour will retain a 2% Net Smelter Return ("NSR") royalty in a designated area of the joint venture area, that Newcrest has the right to buy down 0.5% at fair value after completion of Phase III.
During the option and earn-in period, Newcrest will reimburse Discovery Harbour for advance royalty payments that Discovery Harbour must pay under the Option to Purchase Agreement for its Caldera and Fortuity 89 properties.
Mark Fields, the Company's President and CEO, states, "We are very pleased to have Newcrest as a partner on Fortuity 89 to advance this promising area in a timely manner. I am particularly pleased to welcome Newcrest given their well recognized global expertise in epithermal gold deposits. I believe they will effectively mobilize the necessary resources to advance Fortuity 89 from its current early exploration stage compared to our Caldera property."

Mark Fields continued, "Discovery Harbour will continue to focus its efforts on the drill targets we have developed at Caldera. The Fortuity 89 agreement with Newcrest further validates Discovery Harbour's view that this area and Caldera host promising low sulphidation epithermal gold targets. As previously announced (see Discovery Harbour news release, January 7, 2021) it is currently expected that the necessary drill permits will be in place for a summer drill program on a series of well-defined prospective targets on Caldera."

Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news releas

About Discovery Harbour

Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is to undertake a drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Resources, Inc on its Fortuity 89 property in Nevada.

About Newcrest

Newcrest Mining Limited (ASX, TSX, PNGX: NCM) is one of the world's largest gold mining companies. Its purpose is to create a brighter future for people through safe and responsible mining. Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfield and greenfield exploration projects - predominantly in the Asia-Pacific and North and South America."

[Sam Dan]

Management provides an update to explain why drilling has not started on their gold prospects. Patience is needed.
""Company" or "Discovery Harbour") announces that the Caldera drill permit under its Exploration Plan of Operations (the "Plan") from the United States Forest Service ("USFS") is still pending. The Company had expected to be in receipt of the drill permit earlier this fall. The Company has been in regular contact with the USFS and understands that, although they have not identified any issues or concerns, the review process has taken longer than expected due to the required input from various parties.

Mark Fields, the Company's President and CEO, states, "We have been diligently preparing for the Caldera drill program. Although this is taking longer than expected, we continue to work with the USFS so that we can initiate the drill program. The Company's news release on August 31, 2020 provides a detailed description of the 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera. Figure 1 outlines the locations of the 10 drill sites (A through J). The targeting includes two or more prospective structures (drill sites A to E and F to J). Our recent financing provides us with the funds required for our drill program."

[Sam Dan]

Management continues to increase the size of their holdings in Nevada.
Let's hope drilling this fall proves the value of their holdings.
""Discovery Harbour") is pleased to announce that it has staked additional mineral claims at its Caldera gold project, which lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

Based on the results of the soil sampling program (see news release January 21, 2020) Discovery Harbour has further expanded its Caldera gold project by four mineral claims. The claims were added to cover prospective areas defined by anomalous gold and pathfinder element (arsenic, antimony and mercury) anomalies outlined in the soil sampling program. The new claims are contiguous to the south of the Faustus mineralized area where historic drilling intercepts returned 4.45 g/t gold over 7.6m and 7.36 g/t gold over 6.1m. Three gold targets have been previously identified, including two sites (D and E) being permitted for the upcoming drill program. These new claims cover the southeastern inferred trend of the northwesterly-southeast structural direction that the Company believes is a key feature controlling the gold mineralization. The Caldera property covers over 30 square kilometres, now comprised of 264 mineral claims.

Mark Fields, the Company's President and CEO, states, "Since acquiring the Caldera gold project in 2016 Discovery Harbour has expanded the property three times. Each phase of work we undertake at Caldera increases our understanding of the structural and alteration patterns related to the significant gold mineralization encountered and boosts our confidence in the bonanza grade potential of this project."

The Company is in the drill permitting process and anticipates that it will begin its drill program this fall on the first 10 of 33 targets at Caldera"

[Sam Dan]

A very lengthy, detailed list of DHR drilling targets published today. Here are some highlights much more in their release
" Discovery Harbour Describes Drilling Targets Submitted for Permitting
2020-08-31 08:00 CT - News Release
DHR Close 2020-08-28 C$ 0.12
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2020) - Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the "Company" or "Discovery Harbour") is pleased to provide a detailed description of targets for the 10 drill sites in five separate mineralized areas. Further to the Company's June 3, 2020 press release, it has submitted an Exploration Plan of Operations (the "Plan") to the United States Forest Service ("USFS") to advance the Company's planned drill program at the Caldera gold project, which lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.
Mark Fields, the Company's President and CEO, states, "Our plan is to drill 100 to 300 metres deeper than any previous drilling for which we have records on the Caldera gold project. We have selected 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera. Figure 1 outlines the locations of the 10 drill sites (A through J), each having the potential to deliver a significant high grade intercept. Our recent In order to facilitate the permitting procedure, Discovery Harbour has elected to apply for only the most easily accessible target requiring minimal road preparation within the Calista area, which is shown as "A" in Figure 1 above.
In the immediate vicinity of "A" the following results supported its selection for drilling:
• Historical drill holes all intersected low grade gold mineralization, indicative of the gold bearing system in this area of the Caldera property;
• Drill hole GN97-3 intersected 3.3 m@3.19 g/t gold ("Au"), from 43.9-47.0m;
• Rock results from old workings and exposures include the following gold and silver assays: 8.2g/t Au, 4.93 g/t Au and 72 g/t silver ("Ag"), 15.6 g/t Au and 448 g/t Ag, 3.325 g/t Au and 203 g/t Ag, 2.98 g/t Au and 145 g/t Ag, 8.22 g/t Au and 217 g/t Ag.
• The high silver ratio is an additional interesting and promising aspect of this target;
• Historical soil sampling had anomalous gold;
• The strong, continuous structure is often comprised of silicified fault breccia material.
Darius (Drill Sites "B" and "C")
The Darius area contains a total of eight targets. There are a number of structural trends that, in contrast to the Calista area, trend more northerly at approximately 340 degrees.
Application has been made for a permit to drill two sites in the Darius area, shown as "B" and "C" in Figure 1 above.
In the immediate vicinity of "B" the following results supported its selection for drilling:
• No historical drill holes. Two historical vertical drill holes in the area would not have tested this target, so that the target is untested by any historical drilling;
• There is minimal outcrop in the area. One rock sample did assay 6.24 g/t Au;
• Soil sampling had anomalous Au, Ag, as well as arsenic and mercury that were coincident with mapped structure in this area;
• Of particular interest is that the anomalous Au, Ag in soils corresponds to bladed silica after calcite, a mineral texture supportive of the gold system being intact below surface.
In the immediate vicinity of "C" the following results supported its selection for drilling:
• There is minimal outcrop in the area. One rock sample did assay 4.13 g/t Au;
• Soil sampling had a long anomalous Au anomaly, as well as arsenic, antimony and mercury;
• As with target "B", the anomalous Au, Ag in soils corresponds to bladed silica after calcite, a mineral texture supportive of the gold system being intact below surface.
Faustus (Drill Sites "D" and "E")
The Faustus area contains three targets. Targets within this area demonstrate two contrasting structural trends, one being northwesterly and the other northerly. The Faustus area also marks the southeast extent of a regional magnetic low that underlies much of the Caldera property, which Discovery Harbour has interpreted to represent the alteration zone associated with the low-sulphidation epithermal system
"

[Sam Dan]

Management rewards insiders and employees before hoped for proven resources of the GOLD play. Nice work if you can get it
"
. Discovery Harbour Resources Corp. (TSXV: DHR) (the "Company" or "Discovery Harbour") announces that it has allocated 3,250,000 stock options to directors, employees and consultants of the Company that are exercisable at $0.12 per common share for a five year term.The stock options are subject to the acceptance of the TSX Venture Exchange.About Discovery Harbour Resources Corp.Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada.ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP."Mark Fields"Mark FieldsPresident and Chief Executive OfficerContact:Rodney Stevens604-765-8657Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

[Sam Dan]

Listening to CNBC last evening, They were rhapsodizing re the price of booming gold. One commentator stressed that NEVADA was developing THE major gold mining in USA. Didn't mention GLM or any other particular company. But nice to hear the area is considered so highly

[Sam Dan]

PP confirmation. Shows major participation by insiders. usually a positive indicator.
"Discovery Harbour 54,545,454-share private placement

2020-07-23 17:46 CT - Private Placement
Shares issued 39,672,840
DHR Close 2020-07-23 C$ 0.105

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 29, 2020.

Number of shares: 54,545,454 shares

Purchase price: 5.5 cents per share

Warrants: 54,545,454 share purchase warrants to purchase 54,545,454 shares

Warrant exercise price: 10 cents for a three-year period

Number of placees: 117 placees

Insiders: Rodney Stevens, 463,636; Jason Cubitt Holdings Inc. (Jason Cubitt), 200,000; MC Fields Ventures Inc. (Mark Fields), 700,000; AlphaNorth Asset Management, 10 million

Total pro group involvement: 3,895,000 (14 placees)

Finders' fees: $33,000 and 600,000 broker warrants, payable to AlphaNorth Asset Management; $73,699.69 and 1,339,994 broker warrants, payable to Haywood Securities Inc.; $4,075.50 and 74,100 broker warrants, payable to Leede Jones Gable Inc.; $14,889.11 and 270,711 broker warrants, payable to Pl Financial Corp.; $35,739 and 649,800 broker warrants, payable to Canaccord Genuity Corp. (The broker warrants are exercisable at 10 cents for a period of three years.)"

[Sam Dan]

Everything now in place to begin the necessary drilling!! Remember, don't trust any "visual" reports as being reliable. Only the ASSAYS will tell us the true value of the property!! All things crossed in hopes of favourable gold results. Its been a long hold for me as an original investor.
""Discovery Harbour") is pleased to announce it has closed its fully subscribed non-brokered private placement for $3 million with a lead order from Palisades Goldcorp Ltd. and a co-lead order by AlphaNorth Asset Management. The company issued 54,545,455 units (each, a "Unit") at a price of $0.055 per Unit for gross proceeds of $3,000,000 (the "Offering"). Unless otherwise noted, all amounts noted in this news release are in Canadian dollars.

Each Unit consists of one common share of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one Share at a price of $0.10 per Share for a period of three years following the closing of the Offering (the "Closing").

In connection with the Offering the Company paid cash fees of $161,403 and issued 2,934,605 Warrants exercisable at $0.10 for a period of three years from closing to certain finders.

Certain insiders of the Company participated in the Offering. The issuance of Units to insiders of the Company pursuant to the Offering is considered a related party transactions within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The Company intends to rely on exemptions from the formal valuation and minority approval requirements of sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such insider participation, based on a determination that fair market value of the participation in the Offering by insiders will not exceed 25 per cent of the market capitalization of the Company, as determined in accordance with MI 61-101.

The Units issued on Closing are subject to a four-month hold period under Canadian securities law. Aggregate gross proceeds from the sale under the Offering will be used for (i) a planned drill program on high priority targets on the Company's Caldera epithermal gold project in southern Nevada, (ii) to repay outstanding debt, and (iii) for general working capital purposes.

Mark Fields, President & CEO comments "We are very pleased with the strong response to our offering and it was unfortunate that we were not able to accommodate all the interest expressed. I am very much looking forward to the planned Caldera drill program which is now fully funded. Discovery Harbour will now have the opportunity to drill deeper than any previous drilling at Caldera including, at selected specific targets, to a depth of approximately 300 metres or more. I'd like to extend my thanks to all the current shareholders who participated and welcome our new investors. We look forward to effectively and efficiently drilling our Caldera targets."

None of the Units issued will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Palisades Goldcorp
Palisades Goldcorp is Canada's new resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.

About AlphaNorth Asset Management
AlphaNorth Asset Management is a Toronto based investment manager. AlphaNorth believes that superior long term equity returns are achievable by exploiting inefficiencies in the Canadian small cap universe through careful security selection. The firm combines technical analysis with both a bottom-up and top-down strategy in the selection of investments offering the best reward versus risk opportunities.

About Discovery Harbour Resources Corp.
Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada."[b}

[Sam Dan]

Finally. a fixed PP to provide the money to pay for the necessary drilling to prove the value of the Caldera holdings. Remember, the assays are the true value. Ignore reported visual results.
" "Discovery Harbour") is pleased to announce a non-brokered private placement consisting of the issuance of up to 54,545,455 units (each, a "Unit") at a price of $0.055 per Unit for gross proceeds of up to $3,000,000 (the "Offering"). Insiders, as that term is defined in the policies of the TSX Venture Exchange, may participate in the Offering.

Each Unit will consist of one common share of the Company (each, a "Share") and one common share purchase warrant, with each whole warrant (each, a "Warrant") entitling the holder to purchase one Share at a price of $0.10 per Share for a period of three years following the closing of the Offering (the "Closing"). The Offering is scheduled to close on or before July 17, 2020.

Finders' fees may be payable in connection with the Offering in accordance with the policies of the Exchange.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The aggregate gross proceeds from the sale of the Offering will be used to conduct further work, including a planned drill program on high priority targets on the Company's Caldera epithermal gold project in southern Nevada, to pay outstanding debt, and for general working capital.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Discovery Harbour Resources Corp.

Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada

[Sam Dan]

More moves by management to prepare for drilling on the Caldera project. Hopefully, this summer will see action although probably a PP will be needed to finance the work.
"Discovery Harbour") is pleased to announce positive progress towards receiving the required permits for a drill program on its Caldera gold project in Nevada. The Company has also negotiated improved property terms.

The United States Forest Service ("USFS") has completed its review of the Exploration Plan of Operations ("the Plan") submitted by the Company (see News Release, April 8, 2020) in furtherance of the planned Caldera drill program. The USFS has determined the Plan meets the regulatory requirements to proceed with its environmental review. To conduct this review, the USFS has determined that only an archaeological survey will be required. The Company has engaged a Nevada contractor and expects that the required archaeological work will be completed within the next few weeks, at which point a report will be prepared and submitted to the USFS. The environmental review identifies the level of environmental impact and determines the form of impact assessment. Once a determination is made, the final environmental impact assessment will be completed. Future drilling will be subject to further USFS and other regulatory approvals.

Mark Fields, the President and CEO of the Company, comments, "We are pleased that our permitting is proceeding in a timely manner. We are on track to undertake a drill program this fall, subject to financing and final regulatory approvals. The Plan includes testing up to 10 drill targets in five separate mineralized areas. Our strategy is to drill 100 to 300 metres deeper than any previous drilling on the Caldera project. We believe the high-grade gold occurrences historically drilled over significant widths at or near surface were deposited by a deeper, potentially high grade, low sulphidation epithermal gold system. The planned drill program will be the first test to the necessary depth." (See News Releases, April 8, March 4, February 10, January 9, 2020).

The Company is also pleased to announce an amendment to the Company's property option agreement to acquire a 100% interest in the Caldera project, subject to advance minimum royalty payments and a 2% retained royalty. In light of the market uncertainty caused by the COVID-19 pandemic, the Optionor and Discovery Harbour have agreed that the US$100,000 Advance Minimum Royalty payment due in November this year will be amended such that US$50,000 will be paid in November and US$50,000 will be payable 6 months later.

Mark Fields comments, "We continue to appreciate the co-operation and positive relationship we have with our Option partner, Genesis Gold Corporation and the Rostas."

The 100% Discovery Harbour-optioned Caldera property was generated by Don Merrick and John Zimmerman of Genesis Gold Corporation, a private Utah company specializing in gold exploration in the Western United States (www.genesisgoldcorp.com), the foundation of which are the claims first staked by Zsolt Rosta.

[Sam Dan]

A further update from management. Shows a significant discussion of the potential of the Nevada project and also the financial problems that must be overcome to provide the sums to do the drilling that is necessary.
It won't happen overnight, but management realizes the problems.
Hope remains our only option
""Discovery Harbour") is pleased to announce that it has submitted an Exploration Plan of Operations ("the Plan") to the United States Forest Service ("USFS") in furtherance of the Company's planned drill program at the Caldera gold project, Nevada. The Plan includes up to 10 drill targets in five separate mineralized areas.

Mark Fields, the Company's President and CEO, states, "The work we have completed to date represents a major step towards drill testing the potential of the Caldera project. We have selected 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera. Figure 1 attached to this news release outlines the locations of the 10 drill sites, each having the potential to deliver a high grade intersect. I would like to thank our consultants who have helped prioritize these targets."

Mark Fields continues, "Our plan is to drill 100 to 300 metres deeper than any previous drilling on the Caldera project. Figure 2 to this news release is a conceptual construction of historical drill results and interpretation of where high grade gold mineralization is believed to exist, illustrating the need to drill deeper. We believe the high-grade gold occurrences historically drilled at or near surface were deposited by a deeper low sulphidation epithermal gold system. All of the data we have analyzed support our theory that the gold system should be intact."

The Company commenced the drill permitting process late last year. Since then, it has selected the specific drill sites and engaged a Nevada contractor to conduct the baseline studies required for the environmental impact analyses of the Plan. The contractor is prepared to initiate field work as soon as ground and weather conditions allow.

Once complete, the USFS will review the Plan for conformance to regulatory requirements. Future drilling is subject to USFS and other regulatory approvals as well as financing.

Drill Targets

Each of the five mineralized areas (Adara, Calista, Darius, Faustus and Gemina) selected for drill site permitting are described in detail in our January 9, February 10 and March 4, 2020 news releases. Figure 1 provides the location of the 10 drill sites submitted for permitting and Figures 2 and 3 provide a conceptual cross section and selected historical drill hole highlights respectively.

The 100% Discovery Harbour-optioned Caldera property was generated by Don Merrick and John Zimmerman of Genesis Gold Corporation, a private Utah company specializing in gold exploration in the Western United States (www.genesisgoldcorp.com), the foundation of which are the claims first staked by Zsolt Rosta.

Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

Financing Update

Pursuant to the Company's news release dated March 12, 2020, the Company has made the decision to terminate the remainder of its non-brokered tranche-structured private placement (the "Offering") of an aggregate of $1,000,000 through the issuance of 10,000,000 units priced at $0.10 per unit (each a "Unit"). The Company closed the initial and only tranche of the Offering in the amount of $187,500, consisting of 1,875,000 Units, pursuant to a news release dated February 25, 2020. Each issued Unit consists of one common share and one half of one share purchase warrant, with each whole warrant exercisable into one additional common share at a price of $0.15 for a period of two years, subject to an acceleration clause. It is anticipated that the proceeds of the financing will allow the Company to continue with its permitting process until such time as the financial markets stabilize or recover from the conditions caused in part from COVID-19."

[Sam Dan]

Only thing management could do.

"DHR) (the "Company" or "Discovery Harbour") announces that, due to the recent extraordinary downturn of global financial market conditions associated with the novel coronavirus outbreak, it is suspending the Company's non-brokered private placement (the "Offering") announced on February 3, 2020 for 30 days, during which time the Company will reassess market conditions to determine whether the Offering will continue. The Company closed the initial tranche of the Offering in the amount of $187,500 pursuant to a news release dated February 25, 2020. Management is hopeful that market conditions will stabilize over the coming weeks so that it can complete the balance of the Offering. However, Management can provide no assurance it can complete the balance of the Offering within the next 30 days given that the market downturn and events which may have caused it are beyond the Company's control.

[Sam Dan]

Management has published a review of the potential of the Nevada gold project.
Lengthy and detailed. Shareholders should do DD on this news.
Here are excerpts
Discovery Harbour Resources Corp. has further developed drill targets in three priority target areas, as additional geochemical data add to the Caldera gold property's integrated geologic model. Faustus, Gemina and Harmonia comprise three of a total eight distinct target areas defined on the Caldera property (see Figure 1). Together they form a 6 kilometer trend characterized by consistent alteration, geochemical gold and pathfinder anomalies in soils, and intermittent high-grade gold intercepts in shallow drilling.
Historic shallow drilling in the Faustus Area returned assays up to 7.36 grams per tonne ("g/t") gold over 6.1 m from a chalcedonic vein (see Figure 2), interpreted to be further evidence of leakage from a high grade gold system in the deeper "boiling zone". The Gemina and Harmonia areas have seen relatively little drilling. The Gemina area has a notably long strike length, a series of historical workings, and several rock samples that produced high-grade gold results in assay up to 37 g/t gold. The Harmonia area is characterized by low temperature clay alteration and geochemical pathfinder elements anomalies, an indication that the area is high in the epithermal system.
Mark Fields, Discovery Harbour's President and CEO, commented, "We have a better understanding than ever before of the extent and potential of this mineralized system. The high-grade gold occurrences at or near surface were deposited by a deeper source, and all of the data we've gathered and analyzed support our thesis that this source is intact and a productive low sulphidation epithermal gold system. We look forward to drilling to 300 to 500 meters depth, the first systematic drilling consistently below 100 meters, to test these deeper targets."
The Faustus area contains three targets. The first consists of northwesterly-trending sheeted veins that were drilled to a shallow depth producing good gold intercepts in several holes and at least anomalous results in all holes. Targets within this area demonstrate two contrasting structural trends, one being northwesterly and the other northerly.
Other areas are similarily discussed.

[Sam Dan]

First tranche of Financing completed
"Discovery Harbour") is pleased to announce that, further to its news release of February 3, 2020, the Company has closed the first tranche of its non-brokered private placement ("Offering") to raise gross proceeds of $187,500 (the "First Tranche") through the sale of 1,875,000 units priced at $0.10 per unit (each a "Unit"). Each Unit consists of one common share of the Company (each, a "Share") and one half common share purchase warrant, with each whole warrant (each, a "Warrant") entitling the holder to purchase one additional Share at a price of $0.15 for a period of two years from the closing date, subject to an acceleration provision of the Company whereby, if for any ten (10) consecutive trading days the closing price of the Shares on the TSX Venture Exchange (the "Exchange") exceeds $0.25 at any time commencing (4) months after the closing date and until their expiry date, then the remaining term of the Warrants will be reduced to thirty (30) days, commencing seven (7) days from the end of such ten (10) consecutive trading day period. The Company expects to complete the balance of the Offering on or before March 19, 2020.

All securities issued in the First Tranche are subject to a four month hold period expiring June 26, 2020.

Finder's fees of 6% cash ($9,450) and 6% finder's warrants (the "Finder's Warrants") (94,500 Finder's Warrants) were paid to registered representatives on $157,500 of the First Tranche. Each Finder's Warrant is exercisable into one Share at a price of $0.15 per Share for a period of two years from the date of issuance.

The Company plans to use the proceeds from the Offering for development of the Company's Caldera project and for general working capital.

Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

None of the securities sold in connection with the private placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

[Sam Dan]

Management releases news regarding further results of drilling on Nevada project.Shareholders should read full report.
Here are excerpts" DISCOVERY HARBOUR ANNOUNCES THREE NEW PRIORITY TARGETS ON CALDERA GOLD PROJECT, NEVADA
Discovery Harbour Resources Corp. has provided further descriptions of specific areas on the Caldera gold project in Nevada, including three new priority targets. The Company is in the process of integrating the recently released detailed soil sampling results with historical data, including shallow drilling, rock sampling, mapping and structural data, to evaluate and prioritize targets for the drill program planned for this year. The Company has identified three new targets in the Darius Area, bringing the total to 33 prioritized targets that are being considered for drilling in eight separate Areas, lying within the 30 square kilometer project area. These targets have been systematically ranked with the current data in the context of a high grade - low sulphidation epithermal gold model. Discovery Harbour will focus on high grade gold-silver targets that management interprets to lie in the 300 to 500m depth interval.
Eight Areas
The Company has described the eight Areas throughout the 30 square km Caldera property (See Figure 1, also the Company's January 8, 2020 news release). Today's news release provides specific descriptions of the Calista, Darius and Electra Areas, which contain 13 separate targets.
Calista Area

The Calista Area contains three vein target trends, oriented northwest at 300degree strike, defined by historic prospecting pits, underground workings and multi-gram gold in surface samples. The structure extends in excess of 1.5km. Historical shallow drilling (10 holes, ranging in vertical depth from 104 m to 194 m) in this Area intersected anomalous gold, but the structures remain largely untested. The Calista Area structures are strongly developed with a long strike extent, significant alteration, and associated high grade rock samples. The shallow drilling along one structure demonstrates there is consistent low grade gold mineralization that Discovery Harbour interprets to lie structurally above a bonanza zone at depth. These various attributes strengthen Discovery Harbour's conviction that deep drilling is required to test the high grade potential of this zone.Darius Area

The Darius Area now contains three new targets, for a total of eight targets. There are a number of structural trends that, in contrast to the Calista Area, trend more northerly at approximately 340 degrees. While the Darius Area contains numerous multi gram gold rock samples including 17 g/t gold and 11 g/t gold in two separate locations, there has only been minimal drilling on three of the targets.

An outcome of Discovery Harbour's continuing data compilation and integration are three new targets in the Darius Area. One has been identified by the recognition of a poorly exposed trend of vein float containing bladed silica after calcite situated near the valley bottom that follows a similar 340 degree trend. The bladed habit corresponding with the lower elevation supports the epithermal model with a bonanza gold zone lying at depth. The second new target includes a rock sample of 17g/t gold associated with a prominent structural trend supported by a gold in soil anomaly and has not been tested by the historic drilling. The third new target is based on a rock sample of altered tuff grading 11 g/t gold where historical shallow drilling intersected 3.1 g/t gold over 3 metres.

Phase 1 of the detailed soil sampling program (see January 21, 2020 news release) covered the southern two thirds of the Darius Area and outlined multi-element anomalies including gold, silver, arsenic, antimony and mercury. Coherent anomalies, extending over a distance of 1500m, defined by >25 parts per billion ("ppb") Au and >50 ppb Au coincide with the identified structures. A parallel > 50 ppb Au in soil anomaly, over 1000m in length, lies further east and coincides with the distribution of bladed silica after calcite. The very limited drilling in the bladed silica area highlights this as a compelling new target.

Electra Area

The Electra Area contains two targets and is highlighted by well developed quartz veins that are exposed in historic workings and in outcrops along a prominent ridge. Historic drill hole EG-26, which appears to have been drilled subparallel to this vein possibly failing to intersect it, still intersected 6.1 metres grading 2.33 g/t gold from 65.1 to 71.2 metres. Other historical shallow drill holes also failed to adequately test the vein structures.

Phase 1 of the detailed soil sampling program (see January 21, 2020 news release) covered this Area and again successfully outlined multi-element anomalies including, silver, arsenic, antimony and mercury. Associated gold anomalies indicate favourable potential to the southeast beyond the current areas of known mineralization.

The 100% Discovery Harbour-optioned Caldera Property was generated by Don Merrick and John Zimmerman of Genesis Gold Corporation, a private Utah company specializing in gold exploration in the Western United States, the foundation of which are the claims first staked by Zsolt Rosta.

Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

[Sam Dan]

Not surprised management would raise funds to develop the Nevada prospect.

"(TSXV: DHR) (the "Company" or "Discovery Harbour") is pleased to announce a non-brokered private placement consisting of the issuance of up to 10,000,000 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Insiders, as that term is defined in the policies of the TSX Venture Exchange, may participate in the Offering.

Each Unit will consist of one common share of the Company (each, a "Share") and one half common share purchase warrant, with each whole warrant (each, a "Warrant") entitling the holder to purchase one Share at a price of $0.15 per Share for a period of two years following the closing of the Offering (the "Closing"), subject to an acceleration provision of the Company whereby, if for any ten (10) consecutive trading days the closing price of the Shares on the TSX Venture Exchange (the "Exchange") exceeds $0.25 at any time commencing (4) months after the Closing and until their expiry date, then the remaining term of the Warrants will be reduced to thirty (30) days, commencing seven (7) days from the end of such ten (10) consecutive trading day period.

Finders' fees may be payable in connection with the Offering in accordance with the policies of the Exchange.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The aggregate gross proceeds from the sale of the Offering will be used to conduct further work, including a planned drill program on high priority targets, on the Company's Caldera epithermal gold project in southern Nevada (see news release dated January 9, 2020), to pay outstanding debt, and for general working capital.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Discovery Harbour Resources Corp.

Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada.