Westhaven Gold Corp

Westhaven is a gold-focused exploration and development company targeting high-grade, epithermal style gold mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~60,263 hectares within four gold properties spread along this underexplored belt, including the advanced Shovelnose Gold Project. A 2025 Preliminary Economic Assessment 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 production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) 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 CDN$1.00=US$0.72). On February 23, 2026, Westhaven closed a strategic earn-in agreement with Dundee Corporation (TSX: DC.A), whereby Dundee may earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures.

Management Profile:

Ken Armstrong, President and CEO

Ken Armstrong is a seasoned exploration and mining professional with over thirty years experience, including twenty years as a corporate executive for publicly listed exploration companies covering a range of commodities including diamonds, gold, nickel, and tin. His diverse leadership roles include serving most recently as CEO and director of North Arrow Minerals, Director and Interim CEO of Cornish Metals Inc., Executive Director of the NWT and Nunavut Chamber of Mines, and previously leading Strongbow Exploration Inc. (now Cornish Metals Inc.). He is a registered Professional Geoscientist in the Northwest Territories, Nunavut, and the Province of Ontario.

What are your key goals for the next 3, 6 and 12 months?

3 Months

- First Nation / Stakeholder Engagement
- 50,000m of drilling including Resource conversion as well as the testing of a pipeline of exploration targets on Shovelnose.

6 Months

- Prefeasibility level Metallurgy, Geotechnical, and Hydrogeological studies
- Results of exploration drilling.

12 Months

- Advance Project Permitting and continue to advance stakeholder relations.

What do you think makes your company such a compelling investment?

Westhaven Gold and the Shovelnose Project present significant upside from its current market capitalization

- $85M Partnership with Dundee Corporation

- 50,000m of resource and exploration drilling in 2026

- An opportunity for exploration & discovery upside potential on a belt-scale.

- Strong technical & Financial leadership to advance the low cost / high margin development opportunity at Shovelnose.

- Excellent proximity to infrastructure.