Sign up for the latest news and updates

Westhaven Provides Financing Update

Vancouver, B.C. - November 23, 2012 - Westhaven Ventures Inc. (TSX-V:WHN) is pleased to announce that it has closed the final tranche of its non-brokered private placement (the “Private Placement”) previously disclosed by the Company on October 9th, 2012. The first tranche of the Private Placement, as disclosed on November 13th, 2012 raised gross proceeds of $221,420 through the issuance of 1,703,231 share units of the Company (the "Share Units"), each Share Unit consisting of one common share (a "Share") and one common share purchase warrant (a "Warrant"), at a purchase price of $0.13 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.20 per Share, expiring in two years from the date of issue. The final tranche of the Private placement raised gross proceeds of $31,850 through the issuance of 245,000 share units of the Company. In connection with the final tranche of the Private Placement, the Company paid finder's fees of $1,196. Hold period expiry dates in respect to the financing are March 14th and March 24th 2012 respectively.

Flow-through Financing

Westhaven expects the flow-through financing previously announced on November 13th, 2012 to be completed next week.

The securities issued in connection with this financing are subject to a hold period of four months and one day from the date of issue.

On behalf of the Board of Directors

WESTHAVEN VENTURES INC.

"Gareth Thomas"

Gareth Thomas, Director

About Westhaven Ventures Inc.

Westhaven Ventures Inc. is a Canadian based exploration company focused on the acquisition and exploration of prospective resource properties. Westhaven is focused on advancing its Shovelnose gold and BEN projects in British Columbia. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please contact Gareth Thomas at 604-681-5558 or Shaun Pollard at 604-681-5521 or visit Westhaven’s website at www.westhavenventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


X