23:26:22 EDT Sun 06 Jul 2025
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or Name
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Goldhaven Resources Corp (3)
Symbol GOH
Shares Issued 37,255,498
Close 2025-04-24 C$ 0.10
Market Cap C$ 3,725,550
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Goldhaven appoints Hill as Brazilian country manager

2025-04-24 18:18 ET - News Release

Mr. Christopher Cooper reports

GOLDHAVEN APPOINTS BRAZILIAN COUNTRY MANAGER

Goldhaven Resources Corp. has appointed Jonathan Victor Hill as its Brazilian country manager.

Mr. Hill is the founder and principal adviser of Exploration Outcomes Ltda. with 40-plus years of experience, leading exploration, project development and mining operations globally. Mr. Hill holds a BSc (honours) economic geology from University of Cape Town, South Africa, and a BAppSc, applied geology, from the Queensland University of Technology, Australia, and is a fellow of the Australian Institute of Mining and Metallurgy. He has been actively involved and/or directed several world-class gold and copper discoveries -- greenfield and brownfield projects. Seasoned in governance, exploration strategy and management, he serves as a director on the boards of Royal Road Minerals, Lavras Gold, Avanti Gold and Spark Energy, and was involved in Jaguar Mining, Sanatana Resources and Australian Mines.

Additionally, he held senior management roles at AngloGold Ashanti (Anglo), and spearheaded multimillion-dollar greenfield exploration projects in Brazil and Colombia, including oversight of the exploration programs for Anglo on the Copecal gold project, now owned by Goldhaven.

During Mr. Hill's tenure with Anglo between 2010 and 2016, Anglo conducted extensive exploration work across the Copecal gold project and its surrounding tenements, investing approximately $1-million (U.S.) in geochemical surveys, geophysics and drilling. This work led to the identification of multiple gold-bearing anomalies, setting the stage for further exploration.

At Copecal, two principal, priority targets, namely the east and west targets, are defined as two significant gold-in-soil anomalies, both extending over an approximately three kilometres of strike on the property linked by a major shear structure. These soil anomalies are considered to reflect an in situ bedrock source for gold based on wide-spaced, shallow hand auger drilling completed by Anglo. Initial exploration activities at Copecal by Goldhaven are aimed at better defining the detailed geometry of these anomalies by systematically testing the extent from surface to bedrock and laterally. It is envisaged that the auger drilling will allow a robust litho-geochemical anomaly to be generated from which focused diamond drilling may be targeted to intersect mineralization expected at depth.

The company is planning 2,000 metres of auger drilling for the east target followed by drilling in the west target, subject to permitting. This drilling will be undertaken using a truck-mounted motorized auger on a regular grid with holes spaced 50 metres and 100 metres apart along lines spaced at 200-metre intervals along strike. Holes will be drilled to intersect the full oxidized and weathered regolith profile from surface to hard bedrock (refusal), which is expected to range from 10 to 25 metres in thickness. Samples will be collected at one-metre intervals down the hole from which composite samples for chemical analysis will be prepared.

In addition to the auger drilling, the company will be concurrently undertaking surface geological and structural mapping, as well as a VLF* (very low frequency) drone survey across the property, to add further important structural and geological data, which, when combined with the 3-D litho-geochemical model, will greatly support the all-important diamond drill targeting phases.

* VLF is a method to measure conductivity and resistivity in rocks. Mineralized zones usually show silica enrichment (high resistivity) or sulphidation (conductivity). The method can detect anomalies of massive and disseminated zones of metallic minerals.

The Copecal project geologist, Gustavo Rosa de Almeida (MSc), is diligently working through the logistics and coordination of the upcoming programs with boots on the ground still anticipated here in Q2 (second quarter) 2025.

In conjunction with the new appointment, the company has entered into a resignation and mutual release with the current Brazilian tenement manager, where, upon the execution of all such documents and the completion of all such actions by the tenement manager to the reasonable satisfaction of the company, the tenement manager will step down from his position and Mr. Hill will take over the tenement manager role as country manager.

On or before the seventh day following the transition date, the company will make a payment to the tenement manager, comprising: (i) $15,000 (Canadian) in cash; and (ii) subject to any required approvals of the Canadian Securities Exchange, $20,000 in common shares of Goldhaven, on a private placement basis, at a price equal to the volume weighted closing price of Goldhaven's common shares on the CSE over the 15 trading days prior to the transition date.

All securities issued in connection with the payment are subject to a hold period of four months and one day pursuant to applicable securities laws.

About Goldhaven Resources Corp.

Goldhaven is a Canadian junior exploration company focused on acquiring and exploring highly prospective land packages in North America and South America. The company's projects include: (i) the flagship Magno project, a district-scale polymetallic property adjacent to the historic Cassiar mining district in British Columbia; (ii) the Three Guardsman project, which exhibits significant potential for copper and gold-skarn mineralization; (iii) the Copecal gold project, a drill-ready gold project located in Mato Grosso, Brazil, with a six-kilometre strike of anomalous gold-in-soil samples; and (iv) three critical mineral projects with extensive tenement packages totalling 123,900 hectares: the Bahia South, Bahia North and Iguatu projects, located in Brazil.

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