WESTHAVEN CLOSES FINAL TRANCHE OF NON-BROKERED FLOW-THROUGH P RIVATE P LACEMENT; GRANTS OP TIONS V ancouver, B.C. – Ma rch 28th, 2024 – W esthaven G old C orp. (TSX-V: WHN) is pleased to announce that it has closed the final tranche of the non -brokered private placement announced on February 20, 20
WESTHAVEN CLOSES FINAL TRANCHE OF NON-BROKERED FLOW-THROUGH P RIVATE P LACEMENT;
GRANTS OP TIONS
V ancouver, B.C. – Ma rch 28th, 2024 – W esthaven G old C orp. (TSX-V: WHN) is pleased to announce that it
has closed the final tranche of the non -brokered private placement announced on February 20, 2024.
W esthaven has issued a total of 7,926,182 common shares that qualify as “ flow -through shares” of the
C ompany for the purposes of the Income Tax A ct (C anada) (the “ FT C ommon Shares” ) at a price of C $0.23
per FT C ommon Share for aggregate gross proceeds of $1, 823,022.
Proceeds from the Offering will be used to incur “ C anadian exploration expenses” (within the meaning of
the Income Tax A ct (C anada)) related to W esthaven’ s projects in B ritish C olumbia, C anada. The C ompany
will renounce these expenses to the purchasers of the FT Shares with an effective date of no later than
December 31, 2024.
On M arch 20, 2024, the C ompany announced that it had initiated a 4000 -metre diamond dril l program on
its 17,623 -hectare Shovelnose gold property located within the prospective Spences B ridge G old B elt
(SB G B ), which borders the C oquihalla Highway 30 kilometres south of M erritt, B ritish C olumbia.
The private placement remains subject to TSX V enture Exchange approval. The securities issued in the
first closing are subject to a hold period and may not be traded before J uly 11, 2024. The 1,010,869
securities issued in the final tranche are subject to a hold period and may not be traded before J uly 28,
2024.
The C ompany paid finders’ fees of $26,508 to Red C loud Securities Inc., $ 25,875 to National B ank Financial
Inc., $24,150 to G eneric C apital C orp., $16,261 to Research C apital C orp., $6,679 to iA Private W ealth Inc.,
$3,900 to Haywood Securities Inc., $1,504 to Raymond J ames L td., $1,311 to PI Financial C orp., and $1,000
to SC P Resource Finance L P.
W esthaven has granted 3,900,000 incentive stock options to directors, officers, and consultants. The
incentive stock options have an exercise price of $0. 25 per share, are valid for a 5 -year period from the
date of grant and are subject to regulatory approval.
The C ompany's Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share
capital in the form of incentive stock options. A s a result of this grant, the C ompany has 13,335,000 stock
options issued, representing 9 % of the issued and outstanding share capital.
TSX-V:WHN
On behalf of the B oard of Directors
WESTHAVEN GOLD CORP .
"Shaun Pollard"
Shaun Pollard, C FO
Tel: 1.604.681.5558 E xt: 103
Neither the TSX V enture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This new release contains forward -looking statements. T hese statements are based on current
expectations and assumptions that are subject to risks and uncertainties. A ctual results could differ
materially because of factors discussed in the management disc ussion and analysis section of our interim
and most recent annual financial statements or other reports and filings with the TSX V enture E xchange
and applicable C anadian securities regulators. W e do not assume any obligation to update any forward-
looking s tatements, other than as required by securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities A ct of 1933, as amended (the " U .S. Securities A ct" ), or any state securities laws and may not be
offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in
Regulation S under the U.S. Securities A ct) unless registered under the U.S. S ecurities A ct and applicable
state securities laws or an exemption from such registration is available.
A bout W esthaven G old C orp.
W esthaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project
in C anada’ s newest gold district, the Spences B ridge G old B elt. W esthaven controls 37,000 hectares (370 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
M erritt, which translates into low-cost exploration. W esthaven trades on the TS X V enture Exchange under the
ticker symbol W HN. For further information, please call 604 -681-5558 or visit W esthaven’ s website at
www.westhavengold.com