Westhaven Shareholders Approve the Proposed $85 Million Earn-In Transaction With Dundee

Executive Summary

• Westhaven Gold Corp. shareholders approved the Earn-In Transaction with Dundee Corporation at a special meeting held on February 17, 2026.
• The resolution received overwhelming support, with 99.69% of votes cast in favor by shareholders present in person or by proxy.
• The transaction remains subject to final regulatory approval from the TSX Venture Exchange.

Key Details

• Shareholder Approval: The ordinary resolution approving the Earn-In Transaction was approved by 99.69% of the votes cast.
• Voting Participation: A total of 86,911,531 common shares were represented at the meeting, representing approximately 35% of the total issued and outstanding common shares as of the record date.
• Transaction Status: The Earn-In Transaction is contingent upon final approval from the TSX Venture Exchange.
• Reference Documentation: Terms of the Earn-In Transaction are detailed in the Company’s management information circular dated January 9, 2026, available via SEDAR+.
• Company Profile: Westhaven Gold Corp. is a gold and silver exploration and development company targeting epithermal style mineralization in the Spences Bridge Gold Belt, British Columbia, controlling ~60,263 hectares across four properties.
• Project Update (Shovelnose Gold Project): The most advanced property features a 2025 Preliminary Economic Assessment (PEA) validating an 11-year underground mining opportunity with:
  • Average annual life-of-mine production: 56,000 oz gold and 313,000 oz silver.
  • After-tax Net Present Value (6% discount rate): CDN$454 million.
  • Internal Rate of Return (IRR): 43.2%.
  • Base case parameters: US$2,400/oz gold, US$28/oz silver, and CDN$1.00 = US$0.72 exchange rate.

Notable Quotes

• Ken Armstrong, President & CEO: (No direct quote provided in the text, only signature).