Mr. Justin Canivet reports

HIGH PRIORITY FOLLOW-UP WORK PROGRAM CURRENTLY UNDERWAY AT SMOKE MOUNTAIN IN THE CENTRAL BRITISH COLUMBIA COPPER-GOLD BELT

Goldhaven Resources Corp. has prioritized a follow-up campaign, including soil grid extensions at newly identified target areas as well as prospecting and mapping of extensive newly acquired contiguous land positions in the belt. Given preliminary results from its summer work program at Smoke Mountain, VTEM (versatile time-domain electromagnetic) and lidar airborne surveys for the newly staked ground have also been scheduled for completion in October, 2022.

Goldhaven chief executive officer Justin Canivet commented: "Our exploration results at Smoke Mountain this summer have prompted a high-priority follow-up field program. The objective of the campaign is to obtain geologically based vectors to porphyry and epithermal targets on this highly prospective and exciting property. Lab results and airborne survey interpretation from our summer program are expected in the coming weeks and we look forward to further leveraging these data and adding shareholder value."

Dahrouge Consulting engaged for follow-up surface exploration work

Goldhaven has re-engaged Dahrouge Geological Consulting Ltd. to complete a comprehensive follow-up exploration program at Smoke Mountain. This program is focused on extending soil sampling grids at priority target areas defined in the recently completed 2022 summer program. Furthermore, the fieldwork will focus on prospecting and mapping newly staked contiguous land positions. Detailed geological mapping along with the soil geochemical work will improve the interpretation of the geophysical data sets and constrain target locations.

Geotech Ltd. engaged to target polymetallic vein systems

Goldhaven has engaged Geotech Ltd. to conduct helicopter-borne VTEM and magnetic geophysical surveys for the purpose of investigating the mineral potential over the extensive contiguous land position at Smoke Mountain. The proposed survey is approximately 721 line-kilometres over one block with a planned start date of late October. The survey will take five to seven days to complete with the intention of targeting intermediate-sulphidation polymetallic vein systems.

Goldhaven will be benefiting from Geotech's versatile time-domain electromagnetic geophysical system, which is excellent at locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity.

Full waveform recording will also be employed to achieve very clean early-time measurements to effectively resolve near-surface structures. Goldhaven will benefit from Geotech's concentric transmitter -- receiver geometry, which ensures positive anomaly location and results in huge time and cost savings as there will be no need for ground follow-up. The technology has successfully been deployed globally for targeting work in epithermal precious metal districts.

Application for drilling at Smoke Mountain in 2023

Goldhaven management seeks to acquire a multiyear area-based exploration permit for drilling in Q2 2023. The extensive geological, geochemical and geophysical campaigns from 2022 are yielding excellent preliminary porphyry and epithermal-style targets. Goldhaven is planning to carefully evaluate all of the obtained data during late 2022 and early 2023, with the objective of defining drill targets for testing going forward.

Recent expansion of Smoke Mountain property

Goldhaven's Smoke Mountain land position was recently doubled from 4,190 hectares to 8,645 hectares based on promising preliminary results from geological, geochemical and geophysical surveys conducted during the 2022 Smoke Mountain summer exploration program. The resulting large, contiguous land position defines a commanding land position in an emerging British Columbia porphyry-epithermal belt. Copper, gold and silver mineralization is extensive in the region with several promising new discoveries and extensions to mineralization.

Smoke Mountain surrounded by significant occurrences and historic resources

Goldhaven's Smoke Mountain property is strategically situated within an extensive 85-kilometre polymetallic belt that is highly prospective for gold-silver-zinc epithermal systems, porphyry copper-gold deposits, as well as gold-rich and silver-rich magmatic-hydrothermal occurrences. The property is road accessible from Houston via a series of gravel forest service roads off Highway 16.

Exploration activity in the area has been renewed in this historic mining region, propelled by the continuing expansion of advanced exploration projects and mines, including:

• Universal Copper's Poplar project (18 km northeast) hosting 236 million tonnes at 0.37 per cent Cu;
• Surge Copper's Berg project (15 km southwest) with reserves of 238 million tonnes at 0.4 per cent Cu, 0.05 per cent Au;
• Imperial Metals' Huckleberry project (26 km southeast) containing 161 million tonnes at 0.48 per cent Cu.

Note: The mines and advanced exploration and development projects in the central B.C. porphyry-epithermal provide geologic context for the Smoke Mountain property, but this is not necessarily indicative that the Smoke Mountain property hosts similar grades or tonnages of mineralization.

Highly prospective region

The historic central B.C. porphyry-epithermal belt is re-emerging as an important copper-gold-silver jurisdiction as evidenced by increased staking activity and exploration drilling. The region is quickly becoming known for its long mineralized drill intercepts, including Universal Copper's 216-metre interval grading 0.54 per cent copper equivalent, and has the potential to host some of the largest copper-polymetallic discoveries in British Columbia.

In recent news, Surge Copper expanded its Ootsa project by 96 per cent to a total of 439 million tonnes grading 0.32 per cent CuEq, increasing its total mineralized inventory in the southern part of this belt to over one billion tonnes (measured and indicated).

These results in the immediate vicinity of Goldhaven's Smoke Mountain project showcase the exceptional regional endowment and metallogenic character of the Late Cretaceous arc rocks hosted within this belt. Among several emerging targets on the property, Goldhaven is working on a newly identified 2.5 km long untested and underexplored alteration and mineralization trend currently being examined by its field team at Smoke Mountain.

Qualified person

Daniel MacNeil, PGeo, a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved all technical and scientific information contained in this news release. Mr. MacNeil is technical adviser to Goldhaven Resources.

About Goldhaven Resources Corp.

Goldhaven Resources is a Canadian junior precious metals exploration company focused on acquiring and exploring highly prospective land packages in both Canada and Chile. Goldhaven maintains a strategic presence in the gold-rich and silver-rich Maricunga gold belt of northern Chile, which is host to several mining and advanced exploration projects, including Salares Norte (Gold Fields), Esperanza (Kingsgate Consolidated), La Coipa (Kinross), Cerro Maricunga (Fenix Gold), Lobo-Marte (Kinross), Volcan (Volcan), Refugio (Kinross/Bema), Caspiche (Goldcorp/Barrick) and Cerro Casale (Goldcorp/Barrick). The company has identified a total of 12 high-priority targets at its Alicia and Roma project areas in the Maricunga within a prominent regional northwest-southeast structural trend along strike from Gold Fields' Salares Norte deposit (5.2 million ounces of gold). These targets have been designated high priority due to the extent, pervasive alteration, favourable geology, highly anomalous rock geochemical results and their relative proximity to existing deposits. Goldhaven is also making exploration progress at its Smoke Mountain property (Canada), which is strategically located in the central British Columbia porphyry-epithermal belt in close proximity to Surge Copper's Berg project, as well as its Pat's Pond project in Newfoundland's central Newfoundland gold belt (Canada). Pat's Pond is strategically located less than 20 km from Marathon Gold's 3.14-million-ounce Valentine gold project and on strike from the Boomerang/Domino VMS (volcanogenic massive sulphide) deposit. Pat's Pond is highly prospective for gold, copper, silver and zinc and has large-scale discovery potential. Goldhaven engages pro-actively with local and indigenous rightsholders and seeks to develop relationships and agreements that are mutually beneficial to all stakeholders.

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