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RK.V ·

Rockhaven Reports 2021 Rusk Zone Drill Results at its Klaza Gold- Silver Project, Yukon

Drill Results

510 – 1100 Melville Street

Vancouver, BC V6E 4A6

604-687-2522

[email protected]

www.rockhavenresources.com

1 Gold equivalent (AuEq) values assume a similar metallurgy to the nearby Klaza Deposit and uses $1,800/oz Au, $22/oz Ag,

$1.05/lb Pb, and $1.60/lb Zn, and variable recoveries for the different metals. The equation used is

AuEq=1*Au+Ag/103.42+Pb/4.64+Zn/3.63

2 See Rockhaven news release dated June 21, 2018 for more information on the mineral resource estimate for the Klaza Deposit.

Rockhaven Reports 2021 Rusk Zone Drill Results at its Klaza Gold-

Silver Project, Yukon

Rusk Vein System Expanded to 300m with Drill Highlights of 10.8g/t AuEq1 across 2.3m,

4.3g/t AuEq1 across 5.4m & 3.5g/t AuEq1 across 5.3m

March 16, 2022 - Rockhaven Resources Ltd. (TSX-V:RK) (“Rockhaven”) is pleased to

announce the remaining assay results from the 2021 exploration program at its 100% owned and

road accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon.

During summer and fall of 2021, a total of 14,256 m of drilling was completed in 72 holes. The

objectives of this drilling were: (1) expansion of existing mineral resources, (2) re -categorization

of some inferred mineral resources into indicated mineral r esources, (3) in-filling of gaps in drill

patterns that are currently categorized as waste rock within existing resource areas, and (4)

evaluation of exploration targets that lie outside of the known mineral resource areas. The results

discussed in this press release are from 10 holes testing the Rusk Zone, a new vein complex that

was discovered through diamond drilling in 2020 . These holes focused on Objective 4 – the

evaluation of exploration targets outside of the known mineral resources.

All drill holes testing the Rusk Zone structure have returned significant mineralization. Highlight

drill assays from the 2021 work program at Rusk are:

• 5.0 g/t gold and 336 g/t silver (10.8 g/t AuEq1) over 2.26 m (KL-21-523)

• 3.1 g/t gold and 62 g/t silver (4.3 g/t AuEq1) over 5.42 m (KL-21-542)

• 2.2 g/t gold and 69 g/t silver (3.5 g/t AuEq1) over 5.32 m (KL-21-559)

• 1.2 g/t gold and 20 g/t silver (1.6 g/t AuEq1) over 8.72 m (KL-21-560)

• 1.1 g/t gold and 56 g/t silver (1.9 g/t AuEq1) over 6.73 m (KL-21-558)

“The 2020 and 2021 drill results from the Rusk Zone have identified a broad mineralized corridor

that is over 300 m long and is open for expansion along strike and to depth ,” stated Matt Turner,

Rockhaven’s CEO. “Rusk has received only a small fraction (~2%) of the total drilling completed

at the Klaza Deposit2 to date and may have positive implications for the scope and timing of the

potential development at Klaza. Additional drilling is planned to further evaluate the Rusk Zone

in 2022.”

Rusk Zone

The road-accessible Rusk Zone is located 3 km southeast of the Klaza Deposit and was first

identified through soil geochemical sampling and geophysical surveys. A maiden diamond drill

program in 2020 confirmed the presence of a new vein complex, with numerous high-grade gold,

silver, lead and zinc veins discovered in a fence of holes drilled across the 2.6 km 2 multi-element

soil geochemical anomaly. As highlighted in Rockhaven’s February 24, 2022 press release, 450

m of mechanized trenching were completed before the 2021 drilling commenced. This trenching

returned encouraging results from several mineralized structure s located up-dip of 2020 drill

intercepts, including 2.1 g/t gold, 125 g/t silver, 1.3% lead and 1.3% zinc across 8.7 m from the

strongest structure . This structure has now been tested by 11 diamond drill holes , spaced

approximately 50 m apart, over a 300 m strike length and to a maximum depth of approximately

200 m. The zone is open for expansion along strike in both directions and to depth.

Mineralization and controlling structures at Rusk generally resemble those at other zones in the

Klaza Deposit but contain proportionally more silver and less gold on average. They typically

consist of galena, sphalerite, pyrite and arsenopyrite in a quartz -carbonate gangue. At least two

generations of veins have been recognized at Rusk, with the earlier set trending west-northwesterly

and the second set more northerly. The northerly set often occurs along the margins of feldspar

porphyry dykes. A syn- to post-mineralizing sinistral fault, trending northeasterly, offsets the zone

by approximately 120 m. Maps showing the geology of the Rusk Zo ne and the locations of drill

holes, cross-sections and core photos of mineralized veins at the Rusk Zone can be viewed on the

Rockhaven website at www.rockhavenresources.com.

Significant drill results from the 2021 drilling at Rusk are shown in the following table:

Klaza Project - Rusk Zone – Significant Results

Drill Hole From

(m)

To

(m)

Interval

(m) +

Au

(g/t)

Ag

(g/t)

Pb

(%)

Zn

(%)

AuEq*

(g/t)

KL-21-523 117.67 118.81 1.14 2.8 72 0.8 1.1 4.0

and 126.86 127.73 0.87 1.5 43 0.7 0.7 2.3

and 138.15 140.41 2.26 5.0 336 5.9 4.8 10.8

and 190.01 190.98 0.97 1.3 70 0.7 1.8 2.6

KL-21-528 12.13 14.49 2.36 1.6 108 0.3 0.4 2.8

and 32.18 35.35 3.17 1.4 56 0.8 1.1 2.5

and 60.77 62.10 1.33 1.1 174 0.7 0.4 3.0

and 67.06 71.63 4.57 0.5 45 0.1 0.2 1.1

incl. 67.06 67.66 0.60 1.2 176 0.2 0.6 3.1

incl. 71.10 71.63 0.53 1.2 176 0.7 0.6 3.2

and 108.47 113.16 4.69 1.1 128 0.4 0.5 2.6

incl. 112.05 113.16 1.11 2.3 475 1.5 1.8 7.7

and 124.95 126.32 1.37 1.3 52 0.5 0.7 2.1

and 206.17 207.85 1.68 1.6 83 1.3 1.7 3.2

KL-21-534 17.28 17.78 0.50 1.2 247 1.5 1.4 4.3

and 65.64 66.80 1.16 0.2 555 2.0 0.3 6.1

and 93.87 94.37 0.50 2.3 124 2.1 1.0 4.2

and 102.75 109.71 6.96 1.3 28 0.3 0.6 1.8

incl. 102.75 103.33 0.58 6.8 43 0.3 1.4 7.8

and incl. 108.00 109.71 1.71 2.8 93 1.2 2.0 4.5

and 151.30 152.18 0.88 1.9 32 0.1 0.1 2.3

and 153.55 156.11 2.56 1.3 49 0.3 0.3 1.9

and 199.34 200.89 1.55 1.0 52 0.2 0.3 1.6

KL-21-538 65.43 65.76 0.33 0.6 130 2.2 3.8 3.4

and 102.97 103.42 0.45 1.8 64 1.3 2.4 3.4

and 149.35 150.30 0.95 2.6 37 0.6 0.6 3.3

and 154.96 155.33 0.37 2.5 95 2.4 2.7 4.7

KL-21-542 55.35 55.87 0.52 1.4 65 1.1 2.0 2.9

and 136.10 144.00 7.90 2.2 43 0.5 1.1 3.1

incl. 138.58 144.00 5.42 3.1 62 0.7 1.5 4.3

and incl. 138.58 139.49 0.91 9.1 177 2.5 5.0 12.7

and 149.00 149.75 0.75 2.8 5 0.1 0.2 2.9

and 164.51 165.79 1.28 2.8 25 0.4 1.9 3.7

incl. 165.36 165.79 0.43 7.0 41 0.6 5.0 8.9

KL-21-547 36.89 38.61 1.72 3.2 57 0.5 0.4 4.0

and 70.45 71.18 0.73 2.2 41 0.8 1.4 3.2

and 74.14 77.10 2.96 1.6 17 0.2 0.3 1.9

incl. 75.92 77.10 1.18 2.9 16 0.2 0.2 3.2

KL-21-558 60.98 67.71 6.73 1.1 56 0.4 0.6 1.9

incl. 67.24 67.71 0.47 9.4 491 3.6 5.3 16.4

and 84.80 88.96 4.16 1.0 50 0.8 0.7 1.8

incl. 87.94 88.96 1.02 2.5 160 2.6 2.3 5.2

and 124.50 124.85 0.35 0.7 189 1.9 2.7 3.7

and 133.42 134.97 1.55 0.9 52 0.4 0.6 1.7

KL-21-559 148.25 153.57 5.32 2.2 69 0.9 1.5 3.5

incl. 149.85 150.44 0.59 6.0 309 4.9 9.9 12.8

KL-21-560 32.66 33.12 0.46 0.6 186 3.1 2.6 3.8

and 81.88 83.31 1.43 1.4 12 0.1 0.1 1.7

and 90.08 98.80 8.72 1.2 20 0.2 0.5 1.6

and 126.16 126.62 0.46 2.2 31 0.3 0.5 2.7

KL-21-561 83.29 83.75 0.46 3.5 119 0.7 0.9 5.0

and 96.76 97.08 0.32 3.3 107 0.8 1.4 4.9

+ Represents the diamond drill hole core length. True widths are estimated to be 80 -90% of the interval as the majority of vein

intersects had contacts that were at or near perpendicular to core axis.

* Gold equivalent (AuEq) values assume a similar metallurgy to the nearby Klaza Deposit and uses $1,800/oz Au, $22/oz Ag,

$1.05/lb Pb, and $1.60/lb Zn, and variable recoveries for the different metals. The equation used is

AuEq=1*Au+Ag/103.42+Pb/4.64+Zn/3.63

QA/QC

All analyses for rock and core samples from the 2021 program were performed by ALS Minerals

with sample preparation in Whitehorse and assays and geochemical analyses in North Vancouver.

Core samples were routinely analyzed for gold by fire assay followed by atomic absorption (Au -

AA24) and 48 other elements by inductively coupled plasma -mass spectrometry (ME -MS61).

Samples that exceeded the detection limits of the routine methods were assayed for silver, copper,

lead and zinc by inductively coupled plasma-atomic emission spectroscopy (Ag/Cu/Pb/Zn - OG62)

and gold by gravimetric analysis (Au -GRA22). Rigorous procedures were in place regarding

sample collection, chain of custody and data entry. Certified assay standards, coarse reject

duplicates, field duplicates and blanks were routinely inserte d into the sample stream to ensure

integrity of the assay process. All of the results reported have passed the QA/QC screening.

Qualified Persons

Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a

geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for the

purpose of National Instrument 43-101.

About Rockhaven

Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and development

of its 1 00%-owned, camp -scale Klaza Property, which hosts the Klaza Deposit and numerous

lightly explored exploration targets. Rockhaven has completed a mineral resource estimate and a

preliminary economic assessment on the Klaza deposit (see Klaza Property Technical Report with

an effective date of July 10, 2020 and titled, “Technical Report and Preliminary Economic

Assessment Update for the Klaza Property, Yukon, Canada.” which can be viewed at

www.sedar.com under the Rockha ven profile or on the Rockhaven website at

www.rockhavenresources.com).

Matthew Turner

President, CEO and Director

Rockhaven Resources Ltd.

T:604-687-2522

[email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES

PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE

EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF

THIS RELEASE.

Information contained in this news release contains forward-looking statements. These statements

reflect management's current estimates, beliefs, intentions and expectations; they are not

guarantees of future performance. Forward-looking statements are sta tements that are not

historical facts and are generally, but not always, identified by the words “potential”, “expansion”,

“re-categorization”, “ in-filling”, “ evaluation”, “positive implications”, “scope”, “timing”,

“development”, “resemble” and similar expressions, or that events or conditions “may”, “should”,

or “probably” occur. Rockhaven cautions that all forward -looking statements are inherently

uncertain and that actual performance may be affected by a number of material factors, many of

which are beyond the control of Rockhaven. Such factors include, among other things: risks and

uncertainties relating to exploration and development and the results thereof, including the results

of the recently completed drill program, the impact on mineral resource estimates, the potential for

new discoveries including porphyry deposits, and the results of planned metallurgical programs,

as well as the ability of Rockhaven to obtain additional financing, the need to comply with

environmental and governmental regulations, fluctuations in the prices of commodities, operating

hazards and risks, competition and other risks and uncertainties, including those described in

Rockhaven’s financial statements available under the Rockhaven profile at www.sedar.com.

Accordingly, actual and future events, conditions and results may differ materially from the

estimates, beliefs, intentions an d expectations expressed or implied in the forward -looking

information. Except as required under applicable securities legislation, Rockhaven undertakes no

obligation to publicly update or revise forward-looking information.