Mr. Shaun Pollard reports

WESTHAVEN CLOSES FIRST TRANCHE OF NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

Westhaven Gold Corp. has closed tranche 1 of the non-brokered private placement arranged on Feb. 20, 2024. The company issued a total of 6,915,313 common shares that qualify as flow-through shares of the company for the purposes of the Income Tax Act (Canada) at a price of 23 cents per FT common share for aggregate gross proceeds of $1,590,522.

Proceeds from the offering will be used to incur Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)) related to Westhaven's projects in British Columbia, Canada. The company will renounce these expenses to the purchasers of the FT shares with an effective date of no later than Dec. 31, 2024.

Westhaven is preparing to resume drilling on its 17,623-hectare Shovelnose gold property in the next seven days. Shovelnose is located within the prospective Spences Bridge gold belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, B.C.

The private placement remains subject to TSX Venture Exchange approval. Finders' fees of 6 per cent cash, totalling $93,499, were paid in connection with the financing. All securities issued in the offering are subject to a hold period and may not be traded before July 11, 2024.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge gold belt. Westhaven controls 37,000 hectares (370 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail and large producing mines, and within commuting distance from the city of Merritt, translating into low-cost exploration.

We seek Safe Harbor.