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Thursday, 08/16/2018 5:36:10 AM

Thursday, August 16, 2018 5:36:10 AM

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Discovery Harbour Resources Corp. has entered into a letter of intent to acquire 56 mineral claims contiguous to its Caldera epithermal gold project in Nevada. The acquisition will expand the Caldera project to cover additional gold targets, including extensions of previously identified gold targets. The targets feature structures, a distinct magnetic trough and alteration patterns consistent with the low-sulphidation epithermal system Discovery Harbour is focused on at Caldera. Discovery Harbour is currently planning its 2018 work program.

Under the terms of the letter of intent, Discovery Harbour has the right to acquire an 100-per-cent interest, with no royalties, in the 56 claims by issuing two million common shares. The acquisition is subject to a 30-day due diligence period and acceptance by the TSX Venture Exchange.

The Caldera gold project was initially generated by Don Merrick and John Zimmerman of Genesis Gold Corp., 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, PGeo, is the qualified person for Discovery Harbour as defined in National Instrument 43-101, and has reviewed and approved the technical contents of this news release.

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