Vancouver, British Columbia--(Newsfile Corp. - June 14, 2018) - Deer Horn Capital (CSE: DHC) (OTC: GODYF) released additional
comments regarding its recent NI 43-101 Preliminary Economic Assessment on its Deer Horn Project, gold-silver-tellurium deposit in
west-central British Columbia, located 135 kilometres southwest of the community of Burns Lake and 36 kilometres south of the
Huckleberry mine.
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The PEA noted important porphyry-style occurrences of both copper and tungsten at the Company's 51 square-kilometer Deer Horn
property, in addition to the gold-silver-tellurium resource reported on June 6th. Copper showings northwest of the current PEA
resource provide evidence of a porphyry system.
In September 2012, prospecting and surface sampling identified several copper-gold-silver porphyry-style showings northwest of
the Indicated and Inferred gold-silver-tellurium resource. A second area of anomalous porphyry-style copper-gold mineralization
occurs on a ridge crest 1.8 kilometres northwest of Kenney Lake on the property.
The PEA reported: "All of the newly discovered showings warrant follow-up examination. The copper showings, known as Pond and
H-Spot, are discoveries of bulk tonnage, porphyry-style copper+/-silver mineralization and associated alteration. These new
showings, and their broad distribution, may be evidence of a largely hidden porphyry copper system."
There is also an important tungsten showing at Deer Horn, called Harrison Scheelite, which was discovered in 1943 approximately
one km southwest of Lindquist Peak. The showing is centered just 250-to-300 meters west of the current PEA gold-silver-tungsten
resource. This tungsten showing may indicate a separate tungsten porphyry.
As noted in the PEA: "The main apron of anomalous talus has a sinuous northwest trend and covers an area measuring 485 metres
long by an average of approximately 50 metres wide (Duffell, 1959). Systematic sampling of talus from the area yielded an average
of 0.34 % tungsten trioxide (WO3) (Duffell, 1959). A 40 metre long trench was excavated through the talus to bedrock. Bedrock
samples collected from the western part of the trench averaged 0.84% tungsten trioxide (WO3) over 18 metres and bedrock samples
collected from the eastern part of the trench averaged 1.55 % tungsten trioxide (WO3) over 22 metres (Duffell, 1959). Sampling of
the second, smaller apron of talus produced modest results."
Tyrone Docherty, President and CEO, stated: "Economic porphyry deposits are in great demand worldwide. That's why one of our
priorities is to gain more information about these discoveries at Deer Horn. Certainly, the metals and the geological settings
discovered to date justify a lot more exploration. While our primary focus is to develop our gold-silver-tellurium resource, the
porphyry targets are generating a lot of interest. The Deer Horn property is emerging as a very valuable, multi-target project that
warrants extensive exploration and follow-up. Truly, if all we had on the property was the tungsten we'd be thrilled. But we have
an abundance of exceptional opportunities. We're now working with our geological teams to design an exploration program that will
evaluate all these targets."
For more information, please visit the company's website at www.deerhorncapital.ca,
contact Tyrone Docherty, President and CEO, at 604-789-5653 or email tyrone@deerhorncapital.ca. Investor relations is handled by Craig Doctor, who can be reached
at 604-278-4656 or by email at craig@DocsConsultingltd.com.
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