Westhaven Announces Leadership Changes; Appoints Armstrong President & CEO ______________________________________________________________________________________________
WESTHAVEN ANNOUNCES LEADERSHIP CHANGES; APPOINTS ARMSTRONG PRESIDENT & CEO
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Vancouver, B.C. – March 31st, 2025 – Westhaven Gold Corp. (TSX-V:WHN) today announced that Gareth
Thomas will step down as President and Chief Executive Officer, effective April 30, 2025 with the Board
of Directors appointing Ken Armstrong as the new President and CEO, effective May 1, 2025. Thomas,
who has served in an executive capacity with Westhaven since 2010 and CEO since 2018, will remain as
a director and advisor to the Board.
Eira Thomas, Chairperson commented: “Gareth led Westhaven from an early-stage, grass roots gold
exploration concept, through multiple high-grade gold drilling discoveries and most recently, the
completion of a PEA outlining a robust development opportunity at Shovelnose, the Company’s flagship
project in southern BC. We are indebted to Gareth for his commitment and leadership during this critical
phase in the Company’s development.” She further stated that: “This planned transition represents a
strategic renewal of leadership as we work to rapidly advance the Shovelnose project towards feasibility
in parallel with ongoing gold exploration efforts across our highly prospective Spences Bridge portfolio
of properties. We are delighted to be welcoming industry veteran Ken Armstrong as CEO to lead this
effort.”
Gareth Thomas, stated, “I am very proud of what we’ve accomplished on the Spences Bridge Gold Belt
since Westhaven’s inception in 2010. This transition marks a new chapter for the Company, as we
advance towards development at Shovelnose, and I am excited for what the future holds under Ken’s
leadership. The relationships that we have established within the Nlaka’pamux Nation are particularly
important to me. These relationships are founded on respect, trust and collaboration, and I remain fully
committed to continuing to work with the Nlaka’pamux Nation in my role as a director and advisor to
Westhaven.”
Ken Armstrong is a seasoned exploration and mining professional with over thirty years of experience,
including twenty years as a corporate executive for publicly listed exploration and mining companies
covering a range of commodities including diamonds, gold, nickel, and tin. Ken has a distinguished track
record in mineral exploration, corporate leadership, and strategic project development and has also
received recognition for excellence in community and government engagement. His diverse leadership
roles include serving most recently as CEO and director of North Arrow Minerals, Director and Interim
CEO of Cornish Metals Inc., Executive Director of the NWT and Nunavut Chamber of Mines, and
previously leading Strongbow Exploration Inc. (now Cornish Metals Inc.). He is a registered Professional
Geoscientist in the Northwest Territories, Nunavut, and the Province of Ontario.
TSX-V:WHN
Westhaven has granted 1,000,000 incentive stock options to Mr. Armstrong pursuant to the terms of its
10% Rolling Equity Incentive Plan which was approved by Shareholders at the Annual General Meeting
held on June 24, 2024. The stock options have an exercise price of $0.15 per share, a 5-year term, and
will vest in thirds over a period of 18 months from the date of grant. Following this grant of stock
options, there are 16,555,000 stock options outstanding, representing 8.8% of the Company’s issued and
outstanding common shares.
On behalf of the Board of Directors
WESTHAVEN GOLD CORP.
"Eira Thomas”
Eira Thomas, Chairperson & Director
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.
About Westhaven Gold Corp.
Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project
in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~61,512 hectares (~615
square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is
situated off a major highway, near power, rail, large producing mines, and within commuting distance from the
city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under
the ticker symbol WHN. For further information, please call 604 -681-5558 or visit Westhaven’s website at
www.westhavengold.com