GoldHaven Resources Corp. reported that, given the positive results from the Company's 2022 Smoke Mountain exploration campaign in southern British Columbia, GoldHaven's management and the board of directors, have decided to release five property claims also known as the Apolo project, in the Chilean Maricunga Gold Belt. In keeping with this decision, the Company is cancelling the proposed Plan of Arrangement with Oro Atacama SpA as announced on January 5, 2023.

The Plan of Arrangement proved untenable due to myriad of reasons. Despite this, the Company is continuing in negotiations with the management of Oro Atacama SpA in an attempt to create a more expeditious and less burdensome deal structure that is attractive to both parties.