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GoldHaven Adopts Incentive Plan and Grants RSUs

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Newsfile Corp.
·6 min read
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Vancouver, British Columbia--(Newsfile Corp. - February 5, 2021) - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) ("GoldHaven" or the "Company") announces that the Company has adopted an equity incentive plan (the "Incentive Plan") to supplement the Company's existing stock option plan (the "Option Plan"). Pursuant to the Incentive Plan, the Company may grant to eligible participants restricted share units ("RSUs") and deferred share units ("DSUs", together with RSUs, "Awards"). The aggregate number of Awards issuable under the Incentive Plan is subject to the same limits currently in place pursuant to the Option Plan. Pursuant to the Plan, the board of directors of the Company may select participants eligible to receive Awards, determine the type of Award to be granted, and establish the terms and conditions attached to the Awards. The Incentive Plan will be available under the Company's profile at SEDAR.com.

Daniel Schieber, GoldHaven's CEO, states, "We have adopted this plan in the spirit of delivering shareholder value. Our management is committed to spending our treasury responsibly, keeping salaries to a minimum and incentivizing our management to participate in the overall success of the Company."

The Company also wishes to confirm that an aggregate of 1,500,000 RSUs have been granted to directors and officers of the company on November 1, 2020 and are now subject to the terms of the Incentive Plan. These RSUs are subject to performance-based vesting as follows: 500,000 RSUs vest upon the Company's stock closing above $0.50 for a period of 20 consecutive trading dates; 500,000 vest upon the Company's stock closing above $0.75 for a period of 20 consecutive trading dates; and 500,000 vest upon the Company's stock closing above $1.00 for a period of 20 consecutive trading dates. Once vested, each RSU entitles the holder to receive one common share of the Company.

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

Daniel Schieber CEO & Director

For further information, please contact:

Daniel Schieber
CEO and Director
#2300 - 1177 West Hastings St.
Vancouver, B.C.
V6K 2E3

www.goldhavenresources.com
Office Direct: (604) 638-5938
Cell Direct: (604) 722-5798

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/73782