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GoldHaven Closes Additional Flow-Through Financing Bringing Total Flow-Through Proceeds to Approximately $3.26 Million to Advance Planned 5,000+ Metre Magno Drill Program

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GoldHaven Closes Additional Flow-Through Financing Bringing Total Flow-Through Proceeds to Approximately $3.26 Million to Advance Planned 5,000+ Metre Magno Drill Program

 

 

 

 

 

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to announce that it has closed a further tranche of its non-brokered flow-through financing through the issuance of 4,589,510 flow-through common shares at a price of $0.265 per FT Share for aggregate gross proceeds of $1,216,220.

 

HIGHLIGHTS

  • Closed additional gross proceeds of approximately $1.22 million
  • Total aggregate flow-through proceeds raised now approximately $3.26 million
  • Funding supports a planned 5,000+ metre exploration drill program at the Magno Project, subject to permitting
  • Magno hosts high-grade silver, zinc, lead, tungsten, and critical mineral mineralization
  • Additional airborne geophysical surveys and target refinement planned across the district-scale property

 

CEO COMMENTARY

 

“We are very pleased to complete this financing, which further strengthens GoldHaven’s treasury as we continue advancing the Magno Project,” stated Rob Birmingham, President and CEO of GoldHaven.

 

“Magno continues to demonstrate significant potential as a district-scale polymetallic and critical minerals system, with strong silver-lead-zinc mineralization alongside emerging tungsten and indium upside. This financing positions the Company well as we continue exploration planning and target advancement across the project.”

 

FLOW-THROUGH FINANCING

 

Under the Flow-Through Offering, the Company issued 4,589,510 FT Shares at a price of $0.265 per FT Share for aggregate gross proceeds of $1,216,220. Following the issuance, the Company has 62,897,172 common shares issued and outstanding.

 

In connection with the closing, the Company paid cash finder’s fees totaling $83,813 and issued 303,766 non-transferable finder warrants to a certain eligible arm’s-length finder who introduced a subscriber to the Offering. Each Finder Warrant entitles the holder to purchase one common share at a price of C$0.35 per Finder Share for a period of 24 months from the date of issuance.

 

All securities issued pursuant to the Offering are subject to a statutory hold period expiring September 15, 2026, in accordance with applicable securities laws and Canadian Securities Exchange requirements.

 

USE OF PROCEEDS

 

The gross proceeds from the Offering will be used to incur eligible Canadian exploration expenses that will qualify as “flow-through mining expenditures” as defined under the Income Tax Act (Canada). The expenditures will be renounced to subscribers effective December 31, 2026.

 

Funds from the Offering are expected to support ongoing advancement of the Company’s Magno Project, including:

  • Drill targeting and exploration planning
  • Airborne geophysical surveys
  • Geological mapping and sampling
  • 3D geological and structural modelling
  • Follow-up work on high-grade silver and tungsten targets across the Magno property

 

MAGNO PROJECT

 

GoldHaven’s Magno Project is a distr ict-scale polymetallic exploration asset located in the Cassiar region of northwestern British Columbia. The project hosts multiple styles of mineralization including silver-lead-zinc carbonate replacement mineralization, tungsten-rich skarn systems, and copper-bearing intrusive-related targets.

 

Recent work has confirmed widespread critical mineral enrichment including tungsten values up to 6,550 ppm W and indium values up to 334 ppm, alongside high-grade silver values up to 2,370 g/t Ag.

 

The technical and scientific information contained in this news release has been reviewed and approved by Raymond Wladichuk, P.Geo., who is a non-independent Qualified Person as defined under NI 43-101 and a consultant of the Company.

 

Figure 1: Magno map location with proximity to nearby companies

 

About GoldHaven Resources Corp.

 

GoldHaven Resources Corp. is a Canadian junior exploration Company focused on acquiring and exploring highly prospective land packages in North and South America. The Company’s projects include the flagship Magno Project, a district-scale polymetallic property adjacent to the historic Cassiar mining district in British Columbia. The Three Guardsman Project, which exhibits significant potential for copper and gold-skarn mineralization. The Copeçal Go ld Project, a drill-ready gold project located in Mato Grosso, Brazil with a 6km strike of anomalous gold in soil samples. Three Critical Mineral projects with extensive tenement packages totalling 123,900 hectares: Bahia South, Bahia North and Iguatu projects located in Brazil.

 

Posted May 15, 2026

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