GoldHaven Announces Appointment of New CEO and Grant of Stock Options

Vancouver, British Columbia–(Newsfile Corp. – November 2, 2020) – GoldHaven Resources Corp. (CSE: GOH)  (formerly “Altum Resource Corp.”) (“GoldHaven” or the “Company”) is pleased to announce the appointment of Daniel Schieber as Chief Executive Officer (“CEO”) and a director, of the Company, effective immediately. Mr. Schieber replaces David Smith as CEO and Mr. Smith will stay on as President and a director of the Company.

Mr. Schieber established his career in metals and mining finance as an analyst for the Stabilitas Group of Funds in 2005. In 2009, he co-founded Euroscandic International Group where he raised upwards of $350M in project financing for specific development projects in the mining sector. In 2011-2015, he pivoted to Canadian-based farmland investments where he became Chief Investment Officer at Dynamis Capital Corp., which also focuses on long-term, recession-proof investments with emphasis on gold and silver.

Mr. David Smith, President of the Company, commented, “Mr. Schieber’s appointment as CEO is an important step in the evolution of GoldHaven in its quest to discover and develop potential gold deposits. Capital financing is absolutely key to achieving this and we feel that Daniel brings the necessary set of skills and experience as well as an extensive capital markets network to achieve this goal.”

“I am personally and professionally investing in GoldHaven in order to join Patrick Burns, GOH’s Vice-President Exploration, and the incredible portfolio of assets that he and the GoldHaven team have put together. I’m excited to work towards developing these assets’ potential within the gold-rich porphyry systems in the Maricunga Belt of Northern Chile,” said Mr. Schieber. “Further, I believe that this is a phenomenal opportunity and my focus will be to efficiently provide results to our shareholders.”

Effective November 2, 2020, the Company has granted to Mr. Schieber, pursuant to its 2019 Stock Option Plan, incentive stock options to purchase of 500,000 shares in the capital stock of the Company. The options vest immediately from the date of grant and are exercisable on or before November 2, 2023, at a price of $0.42.

Grant of Incentive Stock Options

The Company also announces that, pursuant to its stock option plan, it has granted an aggregate of 1,850,000 incentive stock options to directors, officers and advisors of the Company. The stock options will vest immediately and be exercisable to purchase one common share in the capital of the Company on or before November 2, 2025, at a price of $0.42 per share.

About GoldHaven Resources Corp.

GoldHaven Resources Corp. is a Canadian junior exploration company active in the Maricunga Gold Belt of Northern Chile. The Maricunga measures 150 km. north-south and 30 km. east-west and is host to discoveries in the last ten years of over 100M oz. gold; 450M oz. silver and 1.3B lbs. copper. The Company has agreements in place to acquire seven high priority exploration targets as identified by geological studies. GoldHaven has identified four of these seven properties as being “High Priority targets”, and will commence a drilling program beginning during the first quarter of 2021. The four priority targets include Coya, which is located approx.16 km. northeast of the La Coipa mine where Kinross has extracted over 6.2M oz. gold; the second is Rio Loa, a project that is located 25 km. south of Gold Field’s Salares Norte deposit (5.2M oz. AuEq); and the third and fourth target projects are Alicia and Roma, which are located approximately 35 km. south of the Salares Norte deposit. These priority targets have been designated as High Priority owing to the extensive pervasive alteration, favourable geology, structure and highly anomalous rock geochemistry results, as well as their relative proximity to existing gold deposits.

We Seek Safe Harbor.

On Behalf of the Board of Directors
David C. Smith, President and Director

For further information, please contact:

David Smith
President and Director
#2300 – 1177 West Hastings St.
Vancouver, B.C.
V6K 2E3

www.goldhavenresources.com
Office Direct: (604) 638-5938
Cell Direct: (778) 834-1141

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE-Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (collectively, “forward looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the intended use of the proceeds received from the Offering, the possible acquisition of the Projects, the Company’s expectation that it will be successful in enacting its business plans, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “potential”, “scheduled”, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that investor interest will be sufficient to close the Offering, and the receipt of any necessary regulatory or corporate approvals in connection with the Offering and the Assignment, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company’s projects and the Company’s ability to comply with environmental, health and safety laws.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the inability to close the Offering, the inability of the Company to enter into definitive agreements in respect of the Letters of Intent which are the subject of the Assignment, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company’s latest interim Management’s Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.