Mr. Ken Armstrong of Westhaven reports

WESTHAVEN CLOSES CDN$3 MILLION PRIVATE PLACEMENT WITH DUNDEE CORPORATION

Westhaven Gold Corp. has closed its previously announced private placement with Dundee Corp., having issued to Dundee 12 million common shares of Westhaven at a price of 25 cents per share, for aggregate gross proceeds to the company of $3-million.

Westhaven intends to use up to $2-million of the net proceeds from the financing for exploration activities, the majority of which will finance drilling, $500,000 to maintain the properties in good standing as needed and the remaining proceeds for general working capital.

The common shares issued in the financing are subject to applicable resale restrictions in accordance with Canadian securities legislation and the policies of the TSX Venture Exchange.

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 production of 56,000 ounces gold and 313,000 ounces silver with a $454-million after-tax net present value (at a 6-per-cent discount rate) and 43.2-per-cent internal rate of return (base-case assumptions of $2,400 (U.S.) per ounce gold, $28 (U.S.) per ounce silver and Canadian-dollar/U.S.-dollar exchange rate of $1 (Canadian) equals 72 U.S. cents).

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, 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.