RW PROJECT

Harvest Gold’s RW property in Eureka County, Nevada consists of 29 unpatented lode mining claims, covering approximately 0.94 square miles (242.44 ha). The claims were staked by Harvest Gold in September 2010 and were the subject of an Option to Purchase Agreement with Kinetic Gold (US) Inc., (“Kinetic”) a Nevada Corporation.

The RW claims lie from two to four miles south of the south flank of the Roberts Mountains in the northeast part of Kobeh Valley. Eight Carlin-type deposits have been discovered in the Roberts Mountains and approximately 588,000 oz gold have been produced from the Gold Bar, Gold Pick/Gold Ridge, Gold Canyon and Gold Stone mines.

The RW claims lie approximately six miles (10 km) east-southeast of the Gold Bar Mine and about 5 miles (8 km) south-southeast of the Gold Pick and Gold Ridge mines.

On June 1, 2019, the Company entered into a royalty agreement with Kinetic whereby the Company received a 1% net smelter royalty on 29 RW claims. In 2020, Renaissance Exploration, Inc. successor by merger of Kinetic Gold (US) Inc. sold the project to Ivy Minerals Inc., a private Idaho Corporation, which assumed the royalty obligation.