Westhaven Drills 17.61 g/t Gold Over 3.68 Metres, Including 27.6 g/t Gold Over 1.65 Metres; the Highest-Grade Gold Intercept Off Zone One Trend - Seite 2

Peter Fischl, Exploration Manager, states: “Follow-up drilling of a historic drill hole intersection of 6.21 g/t Au over 0.4m (Hole 11-SH-03) at the MIK showing has now traced a north trending, moderately west dipping vein zone, over a strike-length of 120m as present in all eight drill holes. The zone comes within 150m of Zone One Trend, and it remains open to the north and south. The gap between MIK and the Zone One Trend is now viewed as an area prospective for additional near surface vein-hosted gold mineralization.”

Drill Program:

Westhaven is reporting assays for 23 holes from its fully financed, ongoing drill campaign at Shovelnose. An additional 13 holes are in the lab pending assays. Recent drilling (please see the map below) has focused on newly generated, periphery targets that are off the 4-kilometre Zone One Trend.

MIK Target

In addition to testing new targets and supported by an improved understanding of controls on vein emplacement, Westhaven has been re-evaluating historic drill results on the Shovelnose Property. Drill testing has led to the identification of a shallow moderately west dipping vein system returning an initial result of 17.61g/t over 3.68m (hole SN23-360; as reported herein). The vein system was intersected in all eight new holes drilled at MIK and extends over a strike length of approximately 120m and is open to both the north and south.

Hydrothermal Breccia No.2 Target

The Hydrothermal Breccia No. 2 target was drilled this year to follow-up the initial drilling of last year that returned up to 3.28 g/t Au over 0.92m (SN22-249). Three of the four holes encountered quartz veining similar to the gold bearing vein zones encountered last year. This year's drilling has extended a zone of quartz veining southward from hole SN22-257 (1.39 g/t Au over 1.2m and 1.23 g/t Au over 6.0m) for a strike length of 180m to holes SN23-341 (0.58 g/t Au over 5.51m) and SN23-342 (0.96 g/t Au over 0.92m). Veining occurs along a north-northwest trending, moderate to steep southwest dipping structural contact between the overlying Spences Bridge Group volcanics and underlying quartz veined granodiorite basement (Nicola Group). This zone remains open to the north and south.