Discovery Harbour Resources Corp (DHR)

[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."