Westhaven Gold Corp · TSXV:WHN
Westhaven Gold — Investor Presentation (November 2026)
30 slides from Westhaven Gold's investor presentation, November 2026
Slide 1: Spences Bridge Gold Belt Corporate Presentation
TSX-V: WHN OTCQB: WTHVF FRA: 1W5 Spences Bridge Gold Belt Advancing high-margin, belt-scale, gold & silver development in southern British Columbia CORPORATE PRESENTATION NOVEMBER 2026 WESTHAVENGOLD.COM
Slide 2: Cautionary and Forward-Looking Statements
Cautionary and Forward-Looking Statements The content of this presentation is for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscribe for any securities of Westhave
Slide 3: Three reasons to invest: people, partnership, pace
PEOPLE $560M EXIT TO Proven team who has sold tier-one mines. GOLDCORP ✓ Eira Thomas (Chair) sold Kaminak to Goldcorp; Director of Eira Thomas Ken Armstrong Suncor >17 years; Co-founder of Lucara Diamond Corp. CH AI R CEO & PRESI DEN T ✓ Ken Armstrong (CEO) 30+ yrs in mining; Chair of North Arrow Mi
Slide 4: Dundee $85M Transaction – JV Structure
Dundee $85M Transaction – JV Structure COMPANY OWNERSHIP 25% 37.5% 50% 60% DC.A DC.A DC.A DC.A Advance Stable funding, Shared high-quality non-dilutive to WHN development asset shareholders risk “We see a very beautiful asset at Shovelnose. There was an opportunity to do a deal that was a win-win fo
Slide 5: Company Snapshot
Company Snapshot Strategic & Institutional Shareholders Share Structure (as of October 20, 2026) Shares Outstanding 275,023,832 Eric Sprott Dundee Corporation Shares Fully Diluted 314,511,385 Franco-Nevada Catherine McLeod-Seltzer Market Capitalization ~$100M Rob McEwen Earthlabs *Through private ho
Slide 6: WHN Share Price and Volume
WHN:CC Share Price – 12 Months to October 15, 2026 Dec 22, 2025: $85M Earn-in Announced Aug 27, 2026 $0.42 12M $0.40 9M Volume of shares traded Share Price ($CDN) $0.30 6M $0.20 3M $0.10 0 $0 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct 2026 Daily traded volume Closing price TSX-V: WHN | OTCQB: W
Slide 7: Regional Overview
Regional Overview Talisker Resources / Bralorne Coeur Mining / New Afton Mine • Four projects (~60,263 ha) SKOONKA NORTH • Extensive and existing Teck / Highland Copper Mine mining infrastructure SKOONKA • Merritt Core Facility / Office Nicola Mining / NIM • Region with active & historic PROSPECT VA
Slide 8: July 2026 – Shovelnose Project
July 2026 – Shovelnose Project TSX-V: WHN | OTCQB: WTHVF | FRA: 1W5 8
Slide 9: Shovelnose Gold Property Overview
Shovelnose Gold Property Overview 2.5-hour drive from Vancouver Area of Exploration Focus 30 minutes from Merritt Coquihalla Highway crosses property Powerline on property Heavily logged, >900km of forestry roads Year-round exploration SHOVELNOSE TSX-V: WHN | OTCQB: WTHVF | FRA: 1W5 9
Slide 10: Shovelnose PEA Area of Focus
Shovelnose PEA Area of Focus • Proposed Mine Site & Underground Development N Areas Dry Stack Tailings Franz Development • Developing Franz & FMN first • Potential Trade-Off to de-risk by starting FMN Development development at South Zone South Zone Development Portal Proposed Roads 0 1 Powerline Pl
Slide 11: Robust Preliminary Economic Assessment
Robust Preliminary Economic Assessment* High-Grade Underground Mining Scenario $80-$100M after-tax annual cash flow $454M after-tax NPV6% 56,000 oz Au annual production 43.2% after-tax IRR 637,000 oz Au total payable @ US$2,400 base case* $184M preproduction capex 3,562,000 oz Ag total payable $454M
Slide 12: Shovelnose: Near Deposit Exploration Upside
Shovelnose: Near Deposit Exploration Upside This 4km trend is associated with structurally favourable locations within an epithermal vein system. 0 1 TSX-V: WHN | OTCQB: WTHVF | FRA: 1W5 KILOMETRES 12
Slide 13: The plumbing of an ancient Yellowstone
What we are looking for… The plumbing of an ancient Yellowstone Yellowstone National Park Geyser and hot springs at the ancient surface Cover rock hides the top of the system (“blind”) Boiling zone: pressure Epithermal gold deposits are the fossilised plumbing of drops and gold comes out hot springs
Slide 14: Why Epithermal Gold is Worth the Hunt
Why Epithermal Gold is Worth the Hunt… All three examples are low-sulphidation epithermal deposits, the same style as Shovelnose. Shovelnose Deposit Found Endowment Grade Hishikari 1 · Hishikari, Japan 1981 >10 M oz >40 g/t Gosowong Fruta del Norte 2 · Fruta del Norte, Ecuador 2006 >9 M oz >9 g/t Lo
Slide 15: Fruta Del Norte – Blind Discovery
Fruta Del Norte – Blind Discovery Location: Ecuador Discovered: 2006 Endowment: >9M oz Average Grade: >9g/t Au 1. Background Image: Leary et al 2019 : Geology of the Fruta del Norte Epithermal Gold-Silver Deposit, Ecuador– SEG Special Publication 2. FDN District Footprint: Lundin Gold Corp PPT 2026
Slide 16: Shovelnose: Strong Potential for Additional Vein Corridors
Shovelnose: Strong Potential for Additional Vein Corridors Epithermal districts start with a single discovery, GOSOWONG (+6 Moz Au) and over time, grow into multiple discoveries within large complex vein fields, like at Gosowong & Cracow. 1994 ~1M oz 2004 ~4M oz 1 km CRACOW (+2Moz) Historic vein fie
Slide 17: Shovelnose: Strong Potential for Additional Vein Corridors
Shovelnose: Strong Potential for Additional Vein Corridors ✓ Prospective structures found beyond the main trend ✓ Evidence for fluids (quartz veining, quartz breccia zones) ✓ Evidence for boiling = the right setting for gold deposits to form Structural Setting: • Three deposits located along interpr
Slide 18: Shovelnose: A Proven Exploration Approach
Shovelnose: A Proven Exploration Approach A focus on potential basin-bounding faults associated with elevated pathfinders & clay alteration. Schematic representation of potential NW-trending basin-bounding faults Gridded antimony in surface rock samples TSX-V: WHN | OTCQB: WTHVF | FRA: 1W5 18
Slide 19: The Opportunity
The Opportunity ✦ NEW DISCOVERIES THE ASSET THE PARTNERSHIP × THE PRIZE = Build a mine. High-grade gold, in Canada $85M accelerated investment Develop a Experienced operators 5 rigs, 50,000m, PFS underway mining camp. Belt-scale potential Preserves WHN share structure
Slide 20: Why Invest in Westhaven?
Why Invest in Westhaven? $85M Shovelnose + 50,000m Partnership with Low-cost, high-margin 2026 drill program Dundee Corporation development underway ✓ DC.A to fund next $85M @ US$2,400 base case* ✓ Resource in-fill drilling** after which 60/40 54.0m of 9 g/t Au & 55 g/t Ag $454M NPV6% - 43% IRR DC.A
Slide 21: Working with Westhaven
W/ WESTHAVEN GOLD TSX-V: WHN / OTCQB: WTHVF
Slide 22: Appendix A – Dundee Earn-In Agreement
Appendix A – Dundee Earn-In Agreement Up to $85M In Staged Earn-in Expenditure: Dundee can earn up to a 60% interest in by investing up to CDN$85M Firm Commitment of $30M: Dundee commits to fund a minimum of CDN$30M in project expenditures within the first three years $85M in Staged 2026 Project Exp
Slide 23: Appendix B - Dundee Transaction Structure
Appendix B - STAGE PROJECT EXPLORATION EXPENDITURE (CDN$) DUNDEE INTEREST (%) EXPENDITURE DEADLINE Dundee Stage 1* (Minimum $30M 25% 3 Years from Execution Date of Agreement.* Transaction Commitment) Structure Stage 2 $15M 12.5% 5 Years from the Execution Date of Agreement. Stage 3 $20M 12.5% 6 Year
Slide 24: Appendix C - Shovelnose Updated PEA
Appendix C - Shovelnose Updated PEA Operating and Economic Summary Updated PEA Summary Outcomes LOM 11.1 years Production Rate 365 ktpa Total Production 4,159 kt Operations LOM gold grade/silver grade 5.26 g/t 31.9 g/t Avg Au / Ag process recoveries 91.5% / 92.9% Avg Au / Ag smelting/refining 99% /
Slide 25: Appendix D - Robust High Grade Underground Mineral Resource
Appendix D - Robust High Grade Underground Mineral Resource Shovelnose Underground Mineral Resource Estimate South Zone Zone Tonnes Au Contained Ag Contained Classification (k) (g/t) Au (k oz) (g/t) Ag (k oz) South 3,107 6.1 616 33 3,302 Franz 89 7.4 21 30 88 Indicated FMN 241 5.0 39 22 173 Total 3,
Slide 26: Appendix E - Shovelnose UG Mine Design and Stope Blocks
Appendix E - Shovelnose UG Mine Design and Stope Blocks 13.1 years mining period (2 yr-construction & development) Portal & main ramp access to all mining areas Three mining methods using mechanized trackless equipment • Longitudinal Longhole Retreat (67%) • Transverse Longhole (25%) • Cut & Fill (8
Slide 27: Appendix F - The Westhaven Way
Appendix F - The Westhaven Way Our Mission To deliver the highest standards of environment and social responsibility, with a specific focus on generating positive and long-term returns for all key stakeholders. Commitment to the Environment Westhaven acknowledges that there are more than 32,000 arch
Slide 28: Appendix G - Source of the Fraser River Gold Rush
Appendix G -Source of the Fraser River Gold Rush Westhaven’s properties sit where Skoonka North B.C.’s gold story began… Skoonka 1857 ~20,000 Gold discovered on the Fraser Prospectors drawn to the area River Prospect Valley Yale was the largest town north of San Francisco and west of Chicago. Shovel
Slide 29: TSX-V: WHN | OTCQB: WTHVF | FRA: 1W5
TSX-V: WHN | OTCQB: WTHVF | FRA: 1W5 29
Slide 30: Contact
CONTACT Ken Armstrong President & CEO Kaeli Gattens VP Communications 604-681-5558 [email protected] www.westhavengold.com
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