Westhaven Gold Provides Corporate Update

VANCOUVER, British Columbia, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) announces the departure of VP Corporate Development & Investor Relations Sean Thompson from the Company.

Gareth Thomas, Director of Westhaven stated “On behalf of the Board of Directors of Westhaven, I’d like to thank Sean for his important contributions to the Company over the last six and half years. We wish Sean all the best in his future endeavours.”

Clarifying Statement

Further to the Company’s previously announced and now-closed private placement financing on July 3^rd, 2025, the Company wishes to clarify that Red Cloud Securities returned the 250,000 broker warrants to the Company for cancellation. As a result, no broker warrants were issued in connection with this financing. All other terms of the offering remain unchanged.

On behalf of the Board of Directors

WESTHAVEN GOLD CORP.

“Ken Armstrong”

Ken Armstrong, President and CEO, is responsible for this news release and can be reached at 604-681-5558.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~61,512 hectares (~615 square kilometres) within four gold properties spread along this underexplored belt. The Shovelnose Gold project is the most advance property, with a recently updated 2025 Preliminary Economic Assessment that validates the Project’s potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine gold production of 56,000 ounces and having a Cdn$454 million after-tax NPV_6% and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of $0.72). Initial capital costs are projected to be Cdn$184 million with a payback period of 2.1 years. Please see Westhaven’s news release dated March 3, 2025 for details of the updated PEA. Shovelnose is situated off a major highway, near power, rail, large producing mines, pipelines and within commuting distance from the city of Merritt, which result in lower cost exploration and development.