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GoldHaven Announces Non-Brokered Private Placement, Warrant Amendments & Acquisition of Coya 6 Concession

Financings Mergers & Acquisitions Share Capital & Compensation

#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499

Web. www.goldhavenresources.com

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO

UNITED STATES NEWS WIRE SERVICES**

GoldHaven Announces Non-Brokered Private Placement,

Warrant Amendments & Acquisition of Coya 6 Concession

Vancouver, British Columbia, November 16, 2022 – GoldHaven Resources Corp. ("GoldHaven"

or the "Company") (CSE: GOH) announces a non-brokered private placement of up to 6,250,000

units @ $0.08 per unit (the "Offering"). Each unit consists of one common share of the Company

and one common share purchase warrant entitling the holder to purchase an additional common

share of the Company at a price of $0.12 per share (the "Warrants") for a period of 24 months from

the closing of the Offering. The expiry of the Warrants may be accelerated if the closing price of

the Corporation’s common shares on the Canadian Securities Exchange is equal to or greater than

$0.35 for a minimum of ten consecutive trading days and a notice of acceleration is provided in

accordance with the terms of the Warrants.

Finder’s fees may be payable in connection with the Offering.

All securities issued in connection with the Offering will have a four-month and one day hold

period in Canada from the closing of the Offering.

Net proceeds of the Offering will be used for general working capital.

None of the foregoing securities have been or will be registered under the United States Securities

Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be

offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined

in Regulation S under the 1933 Act) or persons in the United States absent registration or an

applicable exemption from such registration requirements. This press release does not constitute

an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing

securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Warrant Amendments

The Company further announces that it has amended the warrant exercise price of the following

warrants issued pursuant to non-brokered private placements on March 5, 2021 whereby the

Company issued 2,338,901 share purchase warrants exercisable until March 5, 2024, March 19,

2021 whereby the Company also issued 495,140 share purchase warrants exercisable until March

19, 2024, November 22, 2021 whereby the Company issued 1,576,109 share purchase warrants

exercisable until November 22, 2023 and November 26, 2021 the Company also issued 250,000

share purchase warrants exercisable until November 26, 2023. All warrants issued pursuant to

these private placements were exercisable at $0.65 per warrant share and the Company has

amended the exercise price of all the above-noted warrants to $0.12.

News Release 2 November 16, 2022

#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499

Web. www.goldhavenresources.com

If required by the Canadian Securities Exchange (the “CSE”) the expiry date of the Warrants shall

be accelerated in accordance with CSE policy 6, section 7.4 as follows:

If the amended price is below the market price of the underlying security at the time

the warrants were issued, and following the amendment the exercise price is below

the closing price of the underlying security for any 10 consecutive trading days by

more than the permitted private placement discount, the term of the warrants must

be amended to 30 days. The amended term must be announced by press release

and the 30 day term will commence 7 days from the end of the 10 day period.

Coya 6 Mining Concession

The Company also reports that, pursuant to a Purchase and Sale Agreement between Austral

Exploraciones SpA and the Company, GoldHaven has purchased the Coya 6 mining concession,

located in the Copiapo region of Chile through the issuance of 1,000,000 common shares to Austral

Exploraciones SpA.

About GoldHaven Resources Corp.

GoldHaven Resources Corp. is a Canadian junior precious metals exploration Company focused

on acquiring and exploring highly prospective land packages in both Canada and Chile.

GoldHaven maintains a strategic presence in the gold and silver rich Maricunga Gold Belt of

Northern Chile which is host to several mining and advanced exploration projects including

Salares Norte (Gold Fields), Esperanza (Kingsgate Consolidated), La Coipa (Kinross), Cerro

Maricunga (Fenix Gold), Lobo-Marte (Kinross), Volcan (Volcan), Refugio (Kinross/Bema),

Caspiche (Goldcorp/Barrick), and Cerro Casale (Goldcorp/Barrick). The Company has identified

a total of 12 high-priority targets at its Alicia and Roma project areas in the Maricunga within a

prominent regional NW-SE structural trend along strike from Gold Fields’ Salares Norte deposit

(5.2 million ounces of Gold1). These targets have been designated “High Priority” due to the extent,

pervasive alteration, favourable geology, highly anomalous rock geochemical results, and their

relative proximity to existing deposits.

GoldHaven is also making exploration progress in Canada at its Smoke Mountain property which

is located in the Central British Columbia Porphyry-Epithermal Belt in close proximity to Surge

Copper’s Berg project, as well as at its Pat’s Pond project in Newfoundland’s Central

Newfoundland Gold Belt. Pat’s Pond is located less than 20km from Marathon Gold’s 3.14 Moz2

Valentine Gold Project and on strike from the Boomerang/Domino VMS deposit. Pat’s Pond is

highly prospective for gold, copper, silver and zinc and has large scale discovery potential.

GoldHaven engages proactively with local and Indigenous rights holders and seeks to develop

relationships and agreements that are mutually beneficial to all stakeholders.

Note: The deposits/mines near GoldHaven’s properties provide geologic context, but this is not necessarily indicative that

GoldHaven properties host similar grades or tonnages of mineralization.

News Release 3 November 16, 2022

#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499

Web. www.goldhavenresources.com

On Behalf of the Board of Directors

Justin Canivet, CFA

Chief Executive Officer

For further information, please contact:

Bonn Smith,

Business Development

www.goldhavenresources.com

[email protected]

Office Direct: (604) 638-3073

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the

CSE- Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this

release.

News Release References

1 Jamasmie, C., 2019. Gold Fields Salares Norte project in Chile granted environmental permit. December 18, 2019, 9:29am.

Exploration Intelligence Latin America Gold Silver. https://www.mining.com/gold-fields-salares-norte-project-in-chile-granted-

environmental-permit/

2 https://marathon-gold.com/valentine-gold-project/

Cautionary Statements Regarding Forward Looking Information

This news release contains forward-looking statements and forward-looking information (collectively, "forward

looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United

States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,

included herein including, without limitation, the intended use of the proceeds received from the Offering, the possible

acquisition of the Projects, the Company's expectation that it will be successful in enacting its business plans, and the

anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although

the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove

to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects",

"anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words

and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would,

might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the

Company has applied several material assumptions, including without limitation, that investor interest will be

sufficient to close the Offering, and the receipt of any necessary regulatory or corporate approvals in connection with

the Offering and the Assignment, that there will be investor interest in future financings, market fundamentals will

result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory

approvals in connection with the future exploration and development of the Company's projects in a timely manner,

the availability of financing on suitable terms for the exploration and development of the Company's projects and the

Company's ability to comply with environmental, health and safety laws.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future

results or performance, and that actual results may differ materially from those in forward-looking statements as a

result of various factors, including, operating and technical difficulties in connection with mineral exploration and

development activities, actual results of exploration activities, the estimation or realization of mineral reserves and

mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and

affairs, as currently contemplated, the inability to close the Offering, the inability of the Company to enter into

definitive agreements in respect of the Letters of Intent which are the subject of the Assignment, the timing and amount

News Release 4 November 16, 2022

#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499

Web. www.goldhavenresources.com

of estimated future production, the costs of production, capital expenditures, the costs and timing of the development

of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic

conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor

interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining

governmental approvals, permits or financing or in the completion of development or construction activities, changes

in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any

necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome

of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other

risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed

with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be

accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no

obligation to update any of the forward-looking statements. The Company undertakes no obligation to update any of

the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required

by law.