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Rockhaven Drills 24.38 g/t Gold and 805 g/t Silver across 2.02 m 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

Rockhaven Drills 24.38 g/t Gold and 805 g/t Silver across 2.02 m at its

Klaza Gold-Silver Project, Yukon

February 7, 20 22 - Rockhaven Resources Ltd. (TSX-V:RK) (“Rockhaven”) is pleased to

announce additional 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 resources, (3) in-filling of gaps in drill

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

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

discussed in this news release include ten holes at the Western BRX Zone that focused on

Objectives 2 and 3 – i.e. the re-categorization of inferred to indicated mineral resources and

evaluation of gaps in the drill pattern that are categorized as waste rock in the current resource

estimates.

Highlight assay results from 2021 drilling at the Western BRX Zone are:

• 24.38 g/t gold, 805 g/t silver, 6.7% lead and 6.9% zinc over 2.02 m (KL-21-526)

• 5.25 g/t gold, 143 g/t silver, 0.9% lead and 1.2% zinc over 6.59 m (KL-21-527)

• 52.6 g/t gold, 279 g/t silver, 0.7% lead and 1.0% zinc over 0.94 m (KL-21-532)

• 11.04 g/t gold, 202 g/t silver, 1.1% lead and 1.3% zinc over 2.46 m (KL-21-529)

• 10.74 g/t gold, 100 g/t silver, 0.9% lead and 0.4% zinc over 2.41 m (KL-21-536)

• 15.04 g/t gold, 235 g/t silver, 0.9% lead, and 1.2% zinc over 1.37 m and 10.20 g/t

gold, 228 g/t silver, 2.1% lead, and 5.4% zinc over 1.70 m (KL-21-524)

• 32.60 g/t gold, 392 g/t silver, 1.5% lead, and 3.6% zinc over 0.59 m and 17.75 g/t

gold, 100 g/t silver, 0.5% lead and 0.7% zinc over 0.71 m (KL-21-531)

• 3.80 g/t gold, 1,310 g/t silver, 16.5% lead, and 3.8% zinc over 0.60 m and 19.20 g/t

gold, 99.4 g/t silver, 0.2% lead and 0.2% zinc over 0.80 m (KL-21-533)

• 12.65 g/t gold, 60 g/t silver, 0.5% lead, and 1.5% zinc over 1.17 m (KL-21-519)

“The majority of the 2021 drill results from the Western BRX Zone returned better grades than the

average for the mineral resources, and over significant vein widths. We will be incorporating these

results into an updated mineral resource estimate later this spring,” stated Matt Turner,

Rockhaven’s CEO. “ Currently, there are 414,000 gold equivalent ounces grading 10.1 g/t gold

equivalent1 classified in the indicated resource category at the Western BRX Zone (see Rockhaven

press release dated June 21, 2018 ), and the results from 2021 program continue to confirm the

exceptional character of this mineralized zone.”

1 Gold equivalent (AuEq) values assume $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

Western BRX Zone

Prior to this latest drill program, t he Western BRX Zone host ed an indicated mineral resource

estimate of 1,269,000 tonnes containing 341,000 oz gold, 4,672,000 oz silver, 25.65 million lbs

lead and 28.12 million lbs zinc at an average grade of 8.4 g/t gold, 115 g/t silver, 0.9% lead

and 1. 0% zinc and an inferred mineral resource estimate of 1,343,000 tonnes containing

172,000 oz gold, 3,550,000 oz silver, 19.96 million lbs lead and 24.86 million lbs zinc at an

average grade of 4.0 g/t gold, 82 g/t silver, 0.7% lead and 0.8% zinc (See July 10, 2020

Preliminary Economic Assessment on the Rockhaven website (www.rockhavenresources.com)).

Mineralized veins are emplaced adjacent to a feldspar porphyry dyke that can be traced along the

length of the zone. Since its discovery in 2011, a total of 9 excavator trenches and 80 diamond

drill holes have traced mineralization over a 500 m strike length and from surface to a maximum

depth of 520 m down-dip. The mineralization remains open to extension at depth.

A map showing the locations of all drill holes at the Western BRX Zone , cross-sections through

the zone and core photos of mineralized veins , can be viewed on the Rockhaven website at

www.rockhavenresources.com. Results from the 2021 drilling at the Western BRX Zone are

tabulated below.

Klaza Project - Western BRX Zone – 2021 Drill Results

Drill Hole From

(m)

To

(m)

Interval

(m) +

Au

(g/t)

Ag

(g/t)

Pb

(%)

Zn

(%)

AuEq*

(g/t)

KL-21-519 361.54 362.71 1.17 12.65 59.60 0.5 1.5 13.75

incl. 362.16 362.71 0.55 24.10 66.60 0.4 1.5 25.24

KL-21-521 305.00 306.70 1.70 0.70 41.80 1.2 0.9 1.61

KL-21-524 333.83 335.53 1.70 10.20 228.10 2.1 5.4 14.35

and 341.49 342.86 1.37 15.04 234.70 0.9 1.2 17.83

incl. 342.43 342.86 0.43 35.70 691.00 2.0 2.0 43.39

KL-21-526 77.70 79.72 2.02 24.38 805.30 6.7 6.9 35.51

incl. 78.19 79.72 1.53 30.96 835.80 7.0 7.7 42.67

KL-21-527 67.83 68.58 0.75 2.03 54.10 0.4 0.2 2.69

and 93.79 94.31 0.52 4.96 15.20 0.3 3.3 6.08

and 166.12 172.71 6.59 5.25 143.10 0.9 1.2 7.16

incl. 166.49 168.48 1.99 16.70 355.00 1.9 2.6 21.26

KL-21-529 12.19 12.74 0.55 11.95 78.7 0.6 0.2 12.90

and 17.10 19.46 2.36 0.97 29.0 0.1 0.2 1.33

and 68.08 70.54 2.46 11.04 201.8 1.1 1.3 13.59

incl. 69.66 70.54 0.88 28.00 478.0 1.8 3.3 33.92

KL-21-531 22.73 28.45 5.72 3.08 10.2 0.1 0.1 3.23

incl. 28.00 28.45 0.45 30.60 105.0 0.5 0.2 31.78

3

and 54.86 55.57 0.71 17.75 100.0 0.6 0.7 19.04

and 66.47 67.06 0.59 32.60 392.0 1.5 3.6 37.71

KL-21-532 49.64 50.58 0.94 52.60 279.0 0.7 1.0 55.72

KL-21-533 52.46 53.56 1.10 3.95 4.51 0.1 0.3 4.10

and 81.15 82.97 1.82 8.95 48.2 0.1 0.1 9.47

incl. 82.17 82.97 0.80 19.20 99.4 0.2 0.2 20.26

and 153.63 161.17 7.54 0.98 120.7 1.4 0.4 2.56

incl. 153.63 154.17 0.54 6.57 113.0 0.2 0.2 7.76

and incl. 160.57 161.17 0.60 3.80 1310.0 16.5 3.8 21.07

KL-21-536 234.23 236.64 2.41 10.74 100.3 0.9 0.4 12.04

incl. 234.23 235.00 0.77 15.50 256.0 2.6 1.0 18.81

and incl. 235.83 236.64 0.81 16.45 44.7 0.1 0.2 16.96

+ 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 $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

Outstanding Results

Results from the remaining 33 holes completed in 2021, which tested other mineralized zones on

the Klaza property, will be released once assays are received. Results of excavator trenching and

soil geochemical surveys are also pending.

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 b y 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 duplicat es and blanks were routinely inserted 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

4

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

of its 100% -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 Rockhaven 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 performan ce. Forward-looking statements are statements that are not

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

“conclusion”, “encouraging”, “interpretation”, “potential”, “supported” 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 governm ental 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 and 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.