Vancouver, B.C. – February 17, 2026 – Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (“Westhaven” or the “Company”)”) is pleased to announce that the Company’s shareholders (the “Westhaven Shareholders”) have approved the transaction (the “Earn-In Transaction”) contemplated by the earn-in agreement with Dundee Corporation (TSX: DC.A) at a special meeting of Westhaven Shareholders held earlier today (the “Meeting”).
The ordinary resolution approving the Earn-In Transaction was approved by 99.69% of the votes cast by Westhaven Shareholders present in person or represented by proxy and entitled to vote at the Meeting.
A total of 86,911,531 common shares of the Company (each, a “Common Share”) were represented at the Meeting, representing approximately 35% of the total issued and outstanding Common Shares as of the record date of the Meeting.
Additional information regarding the terms of the Earn-In Transaction is set out in the Company’s management information circular dated January 9, 2026, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca.
The Earn-In Transaction remains subject to final approval of the TSX Venture Exchange.
About Westhaven Gold Corp.
Westhaven is a gold and silver focused exploration and development company targeting low-sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~60,263 hectares within four gold properties spread along this underexplored belt.
The Shovelnose gold project is the most advanced property, with a recently updated 2025 Preliminary Economic Assessment that validates the project’s potential as a robust, low-cost and high-margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$1.00=US$0.72).1
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Robin Hopkins, P.Geo. (NT/NU), Vice President, Exploration for Westhaven and a Qualified Person for the Company under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
1See Westhaven’s news release entitled “Westhaven Announces Updated Preliminary Economic Assessment for the Shovelnose Gold Project, British Columbia” and dated March 3, 2025.
ON BEHALF OF THE BOARD OF DIRECTORS OF WESTHAVEN GOLD CORP.
“Ken Armstrong”
President & CEO
For further information, please contact:
Kaeli Gattens
Vice President Communications
T: 604-681-5558
E: kgattens@westhavengold.com Website:www.westhavengold.com
