Discovery Harbour Announces Patrick Merrin Elected to Board of Directors

Vancouver, British Columbia--(Newsfile Corp. - March 18, 2021) - Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the "Company" or "Discovery Harbour") is pleased to announce that Mr. Patrick Merrin was elected to the Company's Board of Directors at the annual general meeting held today. Directors re-elected were Richard Gilliam, Andrew Hancharyk, Rodney Stevens and Mark Fields.

Mr. Merrin has had increasingly senior positions in mining operations over the past 25 years. He recently served as Chief Operations Officer of The Washington Companies, a multi-billion dollar private conglomerate of heavy industrial businesses, including mining, located within Canada and the United States. Previous to that he was Senior Vice President of Canadian Operations of Goldcorp Inc. (now called Newmont Corporation) and held various senior positions with Hudbay Minerals Inc.

Mark Fields, the Company's President and CEO, states, "I am very pleased to welcome Pat to Discovery Harbour's Board of Directors. Pat's comprehensive experience as a senior executive with large mining companies will be a welcome addition as Discovery Harbour advances its two Nevada properties, Caldera as well as the recently announced agreement with Newcrest on our Fortuity 89 property. I would also like to thank Jason Cubitt, who did not stand for re-election, for his contributions and guidance over the past years."

The Company also announces that it has allocated 300,000 stock options to a director of the Company that are exercisable at $0.065 per common share for a five year term.

The stock options are subject to the acceptance of the TSX Venture Exchange.

For more information, please visit the Company's website at www.discoveryharbour.com.

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.

ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.

"Mark Fields"

Mark Fields, P.Geo., B.Comm.(Hon.)
President and Chief Executive Officer
Discovery Harbour Resources Corp.
Tel: (604) 681-3170
Fax: (604) 681-3552

Disclaimer for Forward-Looking Information

This news release contains forward‐looking information that involves various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery Harbour, such as statements that Discovery Harbour intends to pursue the Caldera Project. There are numerous risks and uncertainties that could cause actual results and Discovery Harbour's plans and objectives to differ materially from those expressed in the forward‐looking information, including: (i) adverse market conditions; (ii) exploration results, (iii) permitting requirements or (iii) the financial position of the Company. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Discovery Harbour does not intend to update these forward‐looking statements.

Neither 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/77707