Westhaven Drills 5.00 Metres of 13.90 G/t Gold and 105.55 G/t Silver; and 49.08 Metres of 1.45 G/t Gold and 6.25 G/t Silver at Shovelnose - Seite 2

Peter Fischl, Exploration Manager, stated: “Drilling late in 2019 continued to extend Vein Zone 1 to the southeast. The zone remains open along strike beyond hole SN19-45. Initial drilling in 2020 will follow-up to the southeast, stepping out from hole SN19-45. Target A lies proximal to the southeastern most drilled extent of Zone 1. Here an area of dark chalcedony veining and brecciation in rhyolite lies 0.5 kilometre to the east of the southeast end of the drilled extent of Zone 1 and will be targeted as well in this follow-up drilling. A re-evaluation of magnetics and resistivity geophysical signatures in combination with anomalous soil geochemistry has outlined a corridor extending south-southeast from Vein Zone 1 that may be prospective for additional veining and this will be targeted as well.”

Highlights for 2019:

• Drilled 49 holes for 21,889 metres
• Extended strike length of Vein Zone 1 to 1,300 metres
• Discovered high-grade gold in 3 vein zones
• Collected ~5,500 soil samples
• 7 new surface epithermal showings identified
• 195 prospecting rock grab samples collected
• 327-line kilometres of ground magnetic geophysics completed
• 30-line kilometres of DC Resistivity geophysical survey completed

Westhaven also herein provides a correction as to the aggregate number of units sold in its October 2019 financing. A total of 6,569,323 units were sold at $1.05 per unit for gross proceeds of $6,897,789.

Qualified Person Statement

Peter Fischl, P.Geo., who is a Qualified Person within the context of National Instrument 43-101 has read and takes responsibility for this release.

QA/QC

Core samples were prepared using the PREP-31 package in ALS’s Kamloops facility each core sample is crushed to better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250 g is taken and pulverized to better than 85 % passing a 75 micron (Tyler 200 mesh, US Std. No. 200) screen. 0.75g of this pulverized split is digested by Four Acid and analyzed via ICP-MS (method code ME-MS61m (+Hg)), which reports a 49-element suite of elements. All samples are analyzed by Fire Assay with an AES finish, method code Au-ICP21 (30g sample size). Additional Au screening is performed using ALS’s Au-SCR24 method, select samples are dry screened to 100 micron. A duplicate 50g 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 ALS’s 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.