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RK.V ·

Rockhaven Resources Ltd. Closes Private Placement

Financings

510 – 1100 Melville Street

Vancouver, BC V6E 4A6

604-687-2522

[email protected]

www.rockhavenresources.com

ROCKHAVEN RESOURCES LTD. CLOSES PRIVATE PLACEMENT

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR

DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

Vancouver, BC – July 13, 2022 –Rockhaven Resources Ltd. (TSX -V: RK) (“Rockhaven” or the

“Company”) announces that it has closed the non -brokered private placement offering (the “Offering”)

originally announced on June 2, 2022 and as amended on June 14, 2022. The Offering consisted of the sale

of the following securities:

(a) 12,600,000 flow-through common shares at a price of $0.10 per share, for gross proceeds

of $1,260,000; and

(b) 40,500,000 common shares at a price of $0.09 per share, for gross proceeds of $3,645,000.

The following related parties participated in the private placement:

(a) Strategic Metals Ltd. (a reporting issuer listed on Tier 1 of

the TSX Venture Exchange and a controlling shareholder

of Rockhaven)

- 11,500,000 common shares

(b) Larry Donaldson (the Chief Financial Officer of Strategic

Metals Ltd.)

- 1,000,000 flow-through

shares

(c) Bruce Youngman (a Director of Rockhaven)

- 100,000 flow-through

shares

(d) Condire Resource Master Partnership, LP (an Insider of

Rockhaven)

- 15,500,000 common shares

Regarding the participation of these related parties in the private placement, Rockhaven relied on the

exemption from the formal valuation requirement contained in section 5.5 of Multilateral Instrument 61 -

101 “Protection of Minority Security Holders in Special Transactions”, and on the exemption from the

minority shareholder approval requirement contained in section 5.7 of said Multilateral Instrument 61-101.

All of the securities issued pursuant to the Offering are subject to a hold period in Canada until October 28,

2022. The proceeds from the Offering will be used for further exploration at Rockhaven’s Klaza Gold -

Silver Project located in the Dawson Range Gold Belt of southern Yukon, and for general working capital

purposes.

Rockhaven paid finders’ fees totalling $82,600 to Laurentian Bank Securities of Montreal, Quebec and to

Kreuzfeld Ag of Chur, Switzerland in connection with the private placement.

About Rockhaven

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

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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]

The securities referred to in this news release have not been, nor will they be, registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or

sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state

securities laws or an exemption from such registration is available. This news release does not constitute an offer of

securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United

States must be made by means of a prospectus c ontaining detailed information about the company and management,

as well as financial statements.

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.

This news release may contain forward looking statements based on assumptions and judgments of management

regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors

beyond its control, and actual results may differ materially from the expected results.