Mr. Shaun Pollard reports

WESTHAVEN VENTURES INC. ANNOUNCES PRIVATE PLACEMENT FINANCING

Westhaven Ventures Inc. has entered into an agreement with PearTree Securities Inc., whereby PearTree, as agent for the purchasers, will subscribe for up to 2,207,506 flow-through common shares in the capital of Westhaven at a price of $1.1325 per flow-through share for targeted gross proceeds of up to $2.5-million.

The offering is expected to close on or about Feb. 22, 2019, and is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. All flow-through shares issued in the offering will be offered by way of a non-brokered private placement and will be subject to a four-month resale hold period in Canada from the closing date of the offering. Proceeds from the offering will be used by the company for exploration expenditures at the Shovelnose gold project in British Columbia that will qualify as Canadian exploration expenditures and flow-through mining expenditures within the meaning of the Income Tax Act (Canada). There are no fees or commissions payable in connection with the offering.

About Westhaven Ventures Inc.

Westhaven Ventures is a Canadian-based exploration company focused on the acquisition and exploration of prospective resource properties. Westhaven is focused on advancing its Shovelnose, Prospect Valley, Skoonka and Skoonka North gold projects in British Columbia.