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Westhaven Reports South Zone Resource Infill Drilling Continues to Confirm Continuity of High-Grade Gold and Silver Mineralization Including 27.51m Grading 14.47 g/t Au & 52 g/t Ag Shovelnose Gold Property, Southern British Columbia

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  • Westhaven Gold Corp. reports that 35,000m of resource infill drilling at the South Zone deposit is 66% complete with four active drill rigs.
  • A fifth exploration-focused drill has commenced operations targeting resource growth through a 15,000m program expected to continue until mid-December.
  • Highlight assay results include 27.51m grading 14.47 g/t Au & 52.3 g/t Ag, 30.76m grading 3.31 g/t Au & 21.3 g/t Ag, 16.80m grading 4.63 g/t Au & 19.6 g/t Ag, 11.65m grading 5.20 g/t Au & 15.9 g/t Ag, and a record 0.52m grading 200 g/t Au & 141 g/t Ag.
  • The highest single gold assay (0.52m at 200 g/t Au) was intercepted at the northern extent of the deposit, suggesting high-grade mineralization continues into the Alpine target area.
  • Results confirm continuity of thick, high-grade gold & silver mineralization within Vein Zones 1, 2, & 3 to support an updated mineral resource estimate for a Pre-Feasibility Study targeting H2 2027 completion.
  • Dundee Corporation has committed a minimum of CDN$30,000,000 under a strategic earn-in agreement to fund up to CDN$85,000,000 in expenditures, allowing them to earn up to a 60% interest in the Spences Bridge Gold Belt properties.
  • The 2026 field program includes 14 additional infill drill holes, bringing the total completed to 73 holes (23,184m) as part of the larger 50,000m drill program.
  • Assay intervals represent downhole intersections, not true widths, with true widths estimated at approximately 70-80% of reported intervals.
  • Sampling & laboratory analyses were conducted by ALS using industry-standard protocols including fire assay, ICP-MS, & strict QA/QC procedures involving duplicates, blanks, & certified reference materials.
  • The Shovelnose project's 2025 Preliminary Economic Assessment outlines a potential 11-year underground mine with average annual production of 56,000 ounces gold & 313,000 ounces silver.