Accelerating Exploration & Development in Southern British Columbia
- $85M earn-in to accelerate growth & exploration of a high-quality asset
- Stable Funding, non-dilutive to Westhaven Shareholders
- Strong, experienced, and like-minded leadership committed to generating long-term cash flows
SHOVELNOSE: ANCHOR DEVELOPMENT PROJECT
Low-capital, high-grade mining opportunity in a proven mining jurisdiction
2025 PEA outlines 10+ year mine life, projected to deliver $454M after-tax NPV & ~43% after-tax IRR at US$2,400/oz gold
Path to PFS and development path to production
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TSX-V: WHN
OTCQB: WTHVF
STRATEGIC PARTNERSHIP WITH DUNDEE CORPORATION
©2026 Westhaven Gold
TSX-V: WHN | OTCQB: WTHVF
- Four-lane highway crossing the property
- Proximity to the city of Merritt
- Existing regional power and mining infrastructure
- Located ~2.5 hours from Vancouver
Shovelnose benefits from excellent infrastructure in southern British Columbia:
Westhaven President & CEO, Ken Armstrong, and President & CEO of Dundee Corporation, Jonathan Goodman, joined BNN Bloomberg's Andrew Bell to discuss the partnership that's reshaping Westhaven's trajectory.
SPENCES BRIDGE GOLD BELT
AGGRESSIVE 2026 EXPLORATION PROGRAM
75km of belt-scale exploration potential
PROVEN & STRATEGIC LEADERSHIP
Expertise in:
Discovery
Development
Permitting
WHY INVEST IN WESTHAVEN GOLD?
$85M Partnership with Dundee Corporation
50,000m of resource & exploration drilling in 2026
Near-term development opportunity at Shovelnose
Path to belt-scale exploration & discovery
Proximity to infrastructure, strong technical & financial leadership
- Expertise in low-sulphidation epithermal gold, exploration, valuation, and development
- Fraser MacCorquodale, former head of Newcrest Exploration
- Patrick Anderson, director of Westhaven, founder and co-discoverer of Fruta del Norte
- 16% insider ownership - fully aligned
- Deep BC permitting and community relations expertise
50,000 metres - largest program in company history
The initial phases of this $20 million program will focus on continued resource expansion and infill drilling at the South Zone gold deposit
The program is expected to ramp up to 4 drills by June 2026, with resource and exploration drilling to continue through to mid-December
*The PEA was prepared for Westhaven Gold Corp. by P&E Mining Consultants Inc. in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects. Please see the technical report dated April 17th, 2025 titled: Updated Preliminary Economic Assessment and Mineral Resource Estimate of the Shovelnose Gold Project, British Columbia with an effective date of February 28, 2025. PEA base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of $0.72. AISC refers to All In Sustaining Costs as defined per World Gold Council guidelines, less corporate G&A. PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The technical and scientific information in this presentation has been reviewed and approved by Robin Hopkins, P.Geol. (NT/NU) who is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
SHOVELNOSE PRELIMINARY ECONOMIC ASSESSMENT
Accelerating Exploration Development in Southern British Columbia
Production
M&A
Capital Raising
ESG
1056 - 409 Granville St.
Van, BC Canada V6C 1T2
Tel: (604) 681-5558
Fax: (604) 681-5528
