GoldHaven Enters into Definitive Agreement to Acquire BC Gold & Copper Assets

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Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS0) ("GoldHaven" or the "Company") is pleased to announce that it has entered into a definitive securities exchange agreement dated October 31, 2024 with Copper Peak Metals Inc. ("Copper Peak") and each of the shareholders of Copper Peak (the "Copper Peak Shareholders"), pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of Copper Peak (the "Copper Peak Shares") from the Copper Peak Shareholders in exchange for:

  1. 3,990,000 common shares of the Company (the "Consideration Shares") at a deemed price of $0.09 per Consideration Share for total deemed consideration of $359,100,

  2. 500,000 common share purchase warrants, each exercisable at $0.10 per warrant to acquire one common share of the Company until September 16, 2027, and

  3. 500,000 common share purchase warrants, each exercisable at $0.10 per warrant to acquire one common share of the Company until August 22, 2027 (collectively referred to as, the "Transaction").

Copper Peak has an acquisition agreement for the acquisition of a 100% interest in the Magno property. The future obligations under this acquisition agreement include the payment of $93,334 to the underlying property optionor, Gerry Diakow by January 29, 2025. In connection with the closing of the Transaction (the "Closing"), it is expected that Gerry Diakow will be appointed to the Board of Directors of GoldHaven.

"Signing of the definitive agreement with GoldHaven is the first step on the way to a significant milestone for Copper Peak," stated Gerry Diakow, Director of Copper Peak. "With gold approaching US$2,800/oz the Magno and Three Guardsmen property are poised for a gold exploration focus as they reside in two settings with targets that indicate a potential for porphyry systems on the properties."

The Closing is expected to occur on November 8, 2024, or such other date upon which the Company and Copper Peak mutually agree, which Closing is subject to customary closing conditions, including filings with the Canadian Securities Exchange, satisfactory due diligence investigations, and no material adverse change happening with respect to either party prior to the closing date. Out of the 3,990,000 Consideration Shares, 2,990,000 Consideration Shares shall be subject to a pooling arrangement where 10% of such shares shall be released on Closing and the balance shall be released in six tranches of 15% every six months.