Mr. Ken Armstrong reports

WESTHAVEN ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS AND PETERSON CAPITAL ENGAGEMENT

Pursuant to the terms of Westhaven Gold Corp.'s stock option plan, Westhaven has granted 400,000 incentive stock options to an officer of the company. The options are exercisable at 25 cents per share and can be exercised until Dec. 23, 2030. Following this grant of stock options, there are 16,805,000 stock options outstanding, representing 6.9 per cent of the company's issued and outstanding common shares.

Investor relations agreement with Peterson Capital

The company is also announcing, effective Jan. 1, 2026, it has entered into a consulting agreement with Grignan Holdings Ltd. (doing business as Peterson Capital) to provide investor relations services in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

Peterson Capital, based in Edmonton, Alta., is one of Canada's leading capital markets advisory and communications firms. It specializes in connecting high-growth companies to its extensive network of retail investment advisers in Canada as well as family offices and funds in Europe.

Neither Peterson nor any of its principals currently own, directly or indirectly, any securities of the company but may purchase securities in the company from time to time for investment purposes. Peterson and its principals are at arm's length from the company.

Under the agreement, Peterson Capital will assist the company with investor outreach and marketing initiatives, including introductions to potential investor groups, participation in Peterson Capital's 2026 conference events and a virtual corporate update call in 2026. Peterson Capital will also support corporate structure and financing strategies, assist with the development of corporate presentation materials, and disseminate company-approved information to increase public awareness, in accordance with applicable securities regulations.

The agreement has a term of 12 months, includes consultant fees of $110,000, which will be paid in a single instalment, and is subject to the approval of the TSX-V. The company will pay such fees from its working capital.

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 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).

Qualified person

The technical and scientific information in this news release has been reviewed and approved by Robin Hopkins, PGeol (Northwest Territories/Nunavut), vice-president, exploration, for Westhaven and a qualified person for the company under the definitions established by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.