Westhaven Reports Final 2025 Drilling Results From the Shovelnose Gold Project, British Columbia, Including 8.05m Grading 6.18 g/t Au and 89.7 g/t Ag at South Zone Deposit

The news release dated January 26, 2026, announces the final drill results from the 2025 program at the Shovelnose Gold Project, which totaled 8,206 meters in 17 holes. Highlight intervals include 70.79m grading 1.13 g/t Au and 14.1 g/t Ag, including 8.05m grading 6.18 g/t Au and 89.7 g/t Ag in hole SN25-442. The release also unveils a refreshed corporate visual identity and provides an update on the 2026 program, which is planned to start in mid-February with up to four drills, focusing on infill drilling at the South Zone and exploration for new mineralization. This program is funded through the CDN$85 million Earn-in Agreement with Dundee Corporation.

The news is positive but routine. The drill results are consistent with the known high-grade, epithermal nature of the South Zone deposit and confirm the continuity of mineralization. They do not represent a new discovery or a material expansion of the resource. The corporate rebranding is administrative. The confirmation of the 2026 drill program start date is a positive operational update, but it was already anticipated following the December 2025 Dundee agreement. Therefore, the news does not alter the fundamental valuation or near-term catalysts for the company. The material event for Westhaven remains the transformational $85 million earn-in agreement with Dundee Corporation.

Westhaven Gold Corp. is a Canadian exploration company focused on high-grade gold discoveries in the Spences Bridge Gold Belt (SBGB) of southern British Columbia. Its flagship asset is the 100%-owned Shovelnose Gold Project, which hosts three defined deposits (South Zone, FMN, and Franz) and numerous exploration targets within a 13-kilometer corridor. A Preliminary Economic Assessment (PEA) completed in March 2025 outlined a robust, high-margin underground mining opportunity with an after-tax NPV6% of $454 million CAD and an IRR of 43.2%. The company also owns the Prospect Valley, Skoonka, and Skoonka North projects in the same belt, covering approximately 61,512 hectares collectively.