Westhaven and Dundee Corporation Sign Definitive $85 Million Earn-In Agreement to Advance Shovelnose and the Spences Bridge Gold Belt, British Columbia

VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (“Westhaven” or the “Company”) and Dundee Corporation (TSX: DC.A) (“Dundee”) are pleased to announce that on December 19, 2025 the parties entered into a definitive earn-in agreement (the “Earn-in Agreement”) granting Dundee the sole and exclusive right to acquire up to a 60% interest in Westhaven’s Shovelnose Gold Project, Prospect Valley Gold Project, Skoonka Gold Project and Skoonka North Project located in the Spences Bridge Gold Belt of southern British Columbia (collectively, the “Projects”) upon the funding by Dundee of certain project expenditures totalling CDN$85,000,000, including a firm commitment to invest at least CDN$30,000,000 (collectively, the “Transaction”). Dundee’s interest in the Projects, when earned, will be held through a newly incorporated subsidiary of the Company (“JVCo”). In addition, Dundee has also agreed to subscribe, on a private placement basis, for 12,000,000 common shares of Westhaven at a price of CDN$0.25 per share, for aggregate gross proceeds to Westhaven of CDN$3,000,000 (the “Financing”).