GoldHaven Completes Acquisition of Copper Peak Metals Inc.

VANCOUVER, British Columbia, Nov. 08, 2024 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. ("GoldHaven" or the "Company") (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS0) announces that, further to its news release of November 1, 2024 announcing the definitive securities exchange agreement dated October 31, 2024 with Copper Peak Metals Inc. (“Copper Peak”) and each of the shareholders of Copper Peak, pursuant to which the Company agreed to acquire all of the issued and outstanding shares of Copper Peak, the Company has completed acquisition of all of the issued and outstanding shares and warrants of Copper Peak from the shareholders of Copper Peak in exchange for:

(a)		3,990,000 common shares of the Company (the “Consideration Shares”) at a deemed price of $0.09 per Consideration Share for total deemed consideration of $359,100,
(b)		500,000 common share purchase warrants, each exercisable at $0.10 per warrant to acquire one common share of the Company until September 16, 2027, and
(c)		500,000 common share purchase warrants, each exercisable at $0.10 per warrant to acquire one common share of the Company until August 22, 2027 (collectively referred to as, the “Transaction”).

Out of the 3,990,000 Consideration Shares, 2,990,000 Consideration Shares shall be subject to a pooling arrangement where 10% of such shares shall be released on Closing and the balance shall be released in six tranches of 15% every six months. The future obligations under this acquisition agreement include the payment of $93,334 to the underlying property optionor, Gerry Diakow by January 29, 2025.

Copper Peak is the beneficial and registered owner of a 100% undivided interest in and to the mineral properties, known as the Magno Property, located in the Liard Mining District in British Columbia, comprised of twenty-four (24) mineral tenures, and the Three Guardsmen property. For further information pertaining to the Magno Property please see the NI 43-101 technical report available on the Company’s website.

The Company also wishes to announce that Gerry Diakow has been appointed to the Board of Directors of GoldHaven. Mr. Diakow has worked in the Cassiar regional area since 1973, beginning as a crew member with Union Carbide’s regional helicopter silt sampling program targeting tungsten mineralization. Having worked in the Traditional territory of the Kaska nation and with many members of the Kaska community Gerry is familiar with and has consulted with band members for years.