Westhaven Gold Corp.

Westhaven Gold Corp. (formerly Westhaven Ventures Inc.) is a Vancouver-based explorer/developer advancing the Shovelnose gold-silver project in the Spences Bridge Gold Belt of southern British Columbia. An updated Preliminary Economic Assessment with an effective date of 28 February 2025 outlines an 11.1-year underground mining operation producing an average of 56,000 ounces of gold and 312,000 ounces of silver a year, with after-tax NPV at a 6% discount rate of C$454 million, an after-tax IRR of 43.2%, initial capital of C$184 million against life-of-mine capital of C$379 million, a 2.1-year payback, and all-in sustaining costs of C$1,161 (US$836) per gold-equivalent ounce, at assumed prices of US$2,400/oz gold and US$28/oz silver and an exchange rate of C$1.00 = US$0.72. The underlying resource, also effective 28 February 2025 and drawing on the South, Franz and FMN zones, is 3,437,000 tonnes Indicated at 6.13 g/t gold and 32.3 g/t silver (677,200 oz Au, 3,564,500 oz Ag) plus 2,292,000 tonnes Inferred at 3.67 g/t gold and 25.2 g/t silver (270,300 oz Au, 1,859,500 oz Ag). In 2026 the company launched the largest drill campaign in Shovelnose's history -- approximately C$20 million and up to 50,000 metres across a 35,000 m South Zone resource-infill program and a 15,000 m exploration program running into December -- funded under a strategic earn-in with Dundee Corporation, under which Dundee may earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties through up to C$85 million of staged expenditures, with a minimum C$30 million committed in the first phase inclusive of the drill program and Pre-Feasibility work. Recent infill results include 8.12 m at 47.56 g/t gold and 229 g/t silver, and 27.51 m at 14.47 g/t gold and 52 g/t silver.