Mr. Ken Armstrong reports

WESTHAVEN GOLD PROVIDES CORPORATE UPDATE

Sean Thompson, vice-president, corporate development and investor relations, has departed from Westhaven Gold Corp. Gareth Thomas, director of Westhaven, stated: "On behalf of the board of directors of Westhaven, I'd like to thank Sean for his important contributions to the company over the last six and half years. We wish Sean all the best in his future endeavours."

Clarifying statement

Further to the company's previously announced and now-closed private placement financing on July 3, 2025, the company wishes to clarify that Red Cloud Securities returned the 250,000 broker warrants to the company for cancellation. As a result, no broker warrants were issued in connection with this financing. All other terms of the offering remain unchanged.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration and development company targeting low-sulphidation, high-grade, epithermal-style gold mineralization within the Spences Bridge gold belt in Southern British Columbia. Westhaven controls approximately 61,512 hectares approximately 615 square kilometres) within four gold properties spread along this underexplored belt. The Shovelnose gold project is the most advanced property, with a recently updated 2025 preliminary economic assessment that validates the project's potential as a robust, low-cost and high-margin 11-year underground gold mining opportunity with average annual life-of-mine gold production of 56,000 ounces and having a $454-million after-tax net present value (discounted at 6 per cent) and a 43.2-per-cent internal rate of return (base-case parameters of $2,400 (U.S.) per ounce gold, $28 (U.S.) per ounce silver and Canadian-dollar/U.S.-dollar exchange rate of 72 cents). Initial capital costs are projected to be $184-million with a payback period of 2.1 years. Please see Westhaven's news release dated March 3, 2025, for details of the updated PEA. Shovelnose is situated off a major highway, near power, rail, large producing mines, pipelines and within commuting distance from the city of Merritt, which result in lower cost exploration and development.

Qualified person: The technical and scientific information in this news release has been reviewed and approved by Robin Hopkins, PGeo, who is a qualified person for the company under the definitions established by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN.

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