Mr. Gareth Thomas reports

WESTHAVEN DISCOVERS 3RD VEIN ZONE, INTERSECTING 7.11 METRES OF 9.42 G/T GOLD AND 69.36 G/T SILVER AT SHOVELNOSE

Westhaven Ventures Inc. has released drill results from its continuing drill campaign at its 15,542-hectare Shovelnose gold property, located within the prospective Spences Bridge gold belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, B.C.

Westhaven has discovered a third vein zone at Shovelnose which contains high-grade gold (Au) and silver (Ag). The new zone lies below and to the northeast of the second vein zone, occurring 20 to 60 metres (m) down section. The first and second vein zones continue to intersect high-grade gold, as detailed below.

Highlights of the most recent results include:

• SN19-15: From 100.50 to 110.00 m, 9.50 m of 4.21 g/t Au and 14.56 g/t Ag in the first vein zone;
  • From 122.00 to 135.50 m, 13.50 m of 8.84 g/t Au and 53.17 g/t Ag, including, from 125.25 to 126.10 m, 0.85 m of 109.00 g/t Au and 622 g/t Ag in the first vein zone;
  • From 253.55 to 266.00 m, 12.45 m of 5.84 g/t Au and 2.11 g/t Ag in second vein zone;
  • From 370.92 to 378.03 m, 7.11 m of 9.42 g/t Au and 69.36 g/t Ag, including, from 375.10 to 376.30 m, 1.20 m of 36.80 g/t Au and 259.00 g/t Ag in the newly discovered third vein zone;
• SN19-12: From 227.00 to 344.00 m, 117.00 m of 1.23 g/t Au and 3.58 g/t Ag, including, from 338.00 to 344.00 m, six m of 4.65 g/t Au and 4.03 g/t Ag in the second vein zone;
• SN19-13: From 69.00 to 118.00 m, 49.00 m of 1.33 g/t Au and 17.99 g/t Ag, including, from 110.00 to 115.00 m, five m of 4.37 g/t Au and 102.64 g/t Ag in the first vein zone;
• SN19-11: From 117.00 to 118.00 m, one m of 521.00 g/t was previously reported in a news release dated July 29, 2019, as a standard fire assay; since then, screened metallics fire assay has increased this interval to one m of 557.00 g/t Au.

Gareth Thomas, president and chief executive officer of Westhaven, stated: "We are very pleased with these assays as this is now the third high-grade gold vein zone discovered within the last year. With each new high-grade vein zone discovered, it increases the potential for substantial gold-silver resources to be defined at Shovelnose. We continue to build on our understanding of these zones, the geologic model and the property in general. As property-wide exploration activities continue to unearth new areas of interest, this understanding will assist in drill targeting in these areas, in addition to the South zone." Mr. Thomas goes on to add: "We always believed there could be multiple high-grade gold veins at the South zone. These recent assays reinforce our beliefs." Peter Fischl, exploration manager, stated, "The presence of high-grade mineralization below 1,100 m elevation in the deeper third vein zone broadens the vertical range of such mineralization at South zone."

                        DRILL HOLES SN19-11 - SN19-15      
                 
Hole                       From      To  Interval        Au      Ag  Vein zone
                             (m)     (m)       (m)     (g/t)   (g/t)     

SN19-11                  117.00  118.00      1.00    557.00  381.00          1    
                         138.22  155.52     17.30      2.10   11.74          1    
Including                146.26  154.20      7.94      3.19   17.04          1    
Not previously reported  232.00  242.00     10.00      1.28    1.37          2    
                         370.00  372.00      2.00      2.28   22.80          3    
                         399.71  400.32      0.61      3.45   26.70          3    
SN19-12                  178.77  179.50      0.73      8.39   58.60          1    
                         227.00  344.00    117.00      1.23    3.58          2    
Including                256.00  258.00      2.00      8.10   20.70          2    
Including                262.00  264.00      2.00      3.16    5.29          2    
Including                298.00  316.00     18.00      2.34    6.99          2    
And including            308.00  311.00      3.00      8.16   24.20          2    
Including                338.00  344.00      6.00      4.65    5.03          2    
                         411.75  412.30      0.55      3.64   25.70          3    
SN19-13                   69.00  118.00     49.00      1.33   17.99          1    
Including                 93.46   97.00      3.54      3.64   14.87          1    
Including                110.00  115.00      5.00      4.37  102.64          1    
SN19-14                  121.74  167.70     45.96      0.51    2.04          2    
Including                145.00  147.00      2.00      3.63   15.55          2    
                         196.13  203.00      6.86      1.93    4.82          2    
                         228.40  229.24      0.84     11.85   28.40          2    
SN19-15                  100.50  110.00      9.50      4.21   14.56          1    
                         122.00  135.50     13.50      8.84   53.17          1    
Including                125.25  126.10      0.85    109.00  622.00          1    
                         194.00  198.00      4.00      6.43    3.05          1    
                         253.55  266.00     12.45      5.84    2.11          2    
                         370.92  378.03      7.11      9.42   69.36          3    
Including                375.10  376.30      1.20     36.80  259.00          3    

Qualified person statement

Peter Fischl, professional geoscientist, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this release.

Quality assurance/quality control (QA/QC)

Core samples were prepared using the PREP-31 package in the ALS Kamloops facility; each core sample is crushed to better than 70 per cent passing a two-millimetre screen. A split of 250 grams is taken and pulverized to better than 85 per cent passing a 75 micron screen, with 0.75 gram of this pulverized split being digested by four acid and analyzed through ICP-MS, which reports a 49-element suite of elements. All samples are analyzed by fire assay with an AES finish. Additional Au screening is performed using the ALS Au-SCR24 method, in which select samples are dry screened to 100 micron. A duplicate 50-gram fire assay is conducted on the undersized fraction, as well as an assay on the entire oversize fraction. Total Au content, individual assays and weight fractions are reported. All analytical and assay procedures are conducted in the ALS North Vancouver facility. A QA/QC program included laboratory and field standards inserted every 25 samples. At least one field blank is inserted in every batch of 25 samples, with additional blanks inserted following samples with visible gold.

The Spences Bridge gold belt (SBGB)

Westhaven owns a 100-per-cent interest in four properties covering over 35,000 hectares within the prospective SBGB, which is situated within a geological setting like those which host other significant epithermal gold-silver systems. It is close to major transportation routes and infrastructure, allowing for cost-effective exploration. The SBGB is a 110-kilometre northwest-trending belt of intermediate to felsic volcanic rocks dominated by the Cretaceous Spences Bridge group. Talisker Resources Ltd. and Westhaven have a combined control of 86 per cent of the SBGB (225,000 hectares). Any ground acquired by Talisker within five kilometres of Westhaven's existing projects is subject to a 2.5-per-cent net smelter return. In addition, Westhaven has a 30-day right of first refusal (ROFR) for a three-year period for any properties outside this five-kilometre radius.

About Westhaven Ventures Inc.

Westhaven 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.