January 30, 2023

Last week Cabinet members and officials from the Government of the Northwest Territories (GNWT) attended the Association for Mineral Exploration (AME) Roundup conference in Vancouver to promote the territory’s mineral resource, exploration, and development sector.

Premier Caroline Cochrane was joined by Minister of Industry Tourism and Investment Caroline Wawzonek and Minister of Infrastructure Diane Archie. They met with Indigenous and industry leaders as well as various levels of territorial, provincial and federal governments to talk about the territory’s world-renowned environmental-social-governance (ESG) practices and the application of ESG through an Indigenous lens (ESG-I). They made connections with current and future partners and showcased the NWT’s strong critical minerals potential.

At the conference, Minister Wawzonek attended a panel discussion on Critical Minerals and Competitiveness alongside Ontario Minister of Mines George Pirie and British Columbia Minister of Energy, Mines and Low Carbon Innovation Josie Osborne.

Networking events hosted by the GNWT celebrated women in mining, highlighted the territory’s potential role as a leader in green energy and reiterated the importance of federal investment in three transformative infrastructure projects – Taltson Hydro Expansion, Slave Geological Province Corridor and the Mackenzie Valley Highway.
What the NWT has learned and experienced in its 100-year history with the mining industry has placed it on the leading edge of today’s conversations around sustainable development and responsible mining practices.

The NWT’s ability to meet the demand for critical minerals, coupled with its world-renowned ESG and ESG-I practices, infrastructure advances, modern legislation and made-in-the-NWT regulatory environment make it an attractive place to do business. The territorial government will continue to share this message with investors, partners, and all levels of provincial, territorial and federal governments.

Quote(s)

“As we strive to strengthen the economy of the Northwest Territories, it is crucial that we actively seek out investment opportunities in exploration and development. The GNWT is committed to collaborating with Indigenous governments to bring prosperity to our residents. Responsible resource development plays a vital role in achieving this goal. We are proud to be at Roundup to demonstrate our support for responsible resource development projects that will benefit NWT communities and residents.”

-Caroline Cochrane, Premier of the Northwest Territories

“Roundup is a key event in our ongoing promotion and marketing of the NWT’s resource exploration and development potential. With Canada’s recent announcement of a Critical Minerals Strategy, we are in a pivotal moment for the NWT where resource availability, technology, market demand and global interest are coming together to create extraordinary opportunities for investment in our territory.”
– Caroline Wawzonek, Minister of Industry, Tourism and Investment

“A strong economy depends on public infrastructure like roads and energy transmission. Attending 2023 AME Roundup has allowed me to make essential in-person connections with industry and government leaders as we continue to seek out funding for projects that will help address the NWT’s infrastructure gaps like the Taltson Hydro Expansion, the Mackenzie Valley Highway, and the Slave Geological Province Corridor.”

– Diane Archie, Minister of Infrastructure

Quick facts

• Twenty-nine representatives of the Government of the Northwest Territories attended AME Roundup this year. The total cost of their participation will be released publicly once fully compiled.
• Approximately 100 Indigenous government representatives from the NWT attended.
• Canada has identified 31 minerals that they believe will position Canada as a leading supplier of critical minerals. Half of these can be found in the NWT.
• The NWT is one of the few regions in Canada that can call itself a producer of critical minerals.  Currently we have six critical minerals projects that are in early mining and advanced exploration phases.
• Thanks to the success of the Cheetah Resources’ Nechalacho rare earth elements project, the NWT already holds claim to having the first rare earths mine in Canada, second in North America.
• The Nechalacho project is the first link in an international mine-to-motor supply chain that will see NWT rare earths processed for use in German-made electric vehicles. And it is the first project in Canada that has seen an Indigenous company leading mining operations in its own traditional territory.

Related links

• About AME Roundup

For media requests, please contact:

Drew Williams

Assistant Director Strategic Communications

Department of Industry, Tourism and Investment

Government of the Northwest Territories

drew_williams@gov.nt.ca

(867) 767-9202 ext. 63037

NT5

January 30, 2023 – Rockhaven Resources Ltd. (TSX-V:RK) (“Rockhaven”) is pleased to announce additional assay results from the 2022 exploration program completed at its 100% owned and road accessible Klaza property. The Klaza property is located within the Dawson Range Gold-Copper Belt of southern Yukon, a prolific belt that hosts several important mineral deposits including Minto Metals’ Minto copper-gold mine, Western Copper and Gold’s Casino copper-gold deposit and Newmont’s Coffee gold deposit.

2022 Program
The program utilized two diamond drill rigs that completed a total of 12,042 m of drilling in 69 holes. The 2022 work program focused on advancing Klaza towards an updated mineral resource estimate¹ and pre-feasibility study through the definition and expansion of its current mineral resources, as well as the collection of data and samples to complete engineering and metallurgical studies on the project. The first batch of drill results, which covered holes testing the Central and Eastern BRX Zone structure, were released on January 18, 2023.

All of the results in this news release are from 8 holes drilled in 2022 within the Western BRX and Western Klaza zones. Results are still pending for 39 drill holes and will be released once all assays have been received and compiled.

Statement from Rockhaven’s President and CEO, Matt Turner:

The Western BRX and Western Klaza zones could potentially be attractive as two of the centres for early mining in any development scenario developed at Klaza, due in part to their high-grade nature and excellent continuity along strike and down-dip. The infill drill holes completed this summer at these zones all intersected significant mineralization. The strongest result came from the core of the Western BRX Zone, with a high-grade gold intercept of 43 g/t gold and 137 g/t silver over 1.2 m in hole KL-22-593. The Western Klaza Zone, located 800 m north of the Western BRX Zone and within the same fault package, yielded high-grade hits which included 7.4 g/t gold and 183 g/t silver over 4.20 m in hole KL-22-580.

The Western Zones
The Western BRX and Western Klaza zones are emplaced within the same fault panel, approximately 800 m apart, and represent the distal-most extent of their respective mineralized structures within the Klaza Deposit. Both are key contributors to the overall precious metal endowment at Klaza.

Within the Western BRX Zone, strongly mineralized, epithermal veins are emplaced adjacent to a feldspar porphyry dyke that can be traced along the length of the zone. Since its discovery in 2011, a total of 9 excavator trenches and 85 diamond drill holes have traced mineralization over an approximate 500 m strike length and from surface to a maximum depth of 520 m down-dip. The mineralization remains open to extension at depth.

The Western Klaza Zone hosts a single discrete vein that has been traced for 400 m along strike and to a maximum depth of 340 m down dip. A total of 8 excavator trenches and 49 diamond drill holes have targeted this structure.

Illustrations
A map showing the locations of all drill holes at the Western BRX and Western Klaza zones, a long section along the zones and core photos of mineralized veins, can be viewed on the Rockhaven website at www.rockhavenresources.com.

Significant Results
Significant results from the 2022 drilling at the Western BRX and Western Klaza zones are tabulated below.

Western BRX and Western Klaza Zones – Significant Results from this Release

+ Represents the diamond drill hole core length. True widths are estimated to be 80-90% of the interval as the majority of vein intersects had contacts that were at or near perpendicular to core axis.
* Gold equivalent (AuEQ) values assume $1,800/oz Au, $22/oz Ag, $1.05/lb Pb, and $1.60/lb Zn, and variable recoveries for the different metals. The equation used is AuEq=1*Au+Ag/103.42+Pb/4.64+Zn/3.63

Plan Map

QA/QC
All analyses for rock and core samples from the 2022 program were performed by ALS Minerals with sample preparation in Whitehorse, Yukon and Windsor, Ontario and assays and geochemical analyses in North Vancouver. Core samples were routinely analyzed for gold by fire assay followed by atomic absorption (Au-AA24) and 48 other elements by inductively coupled plasma-mass spectrometry (ME-MS61). Samples that exceeded the detection limits of the routine methods were assayed for silver, copper, lead and zinc by inductively coupled plasma-atomic emission spectroscopy (Ag/Cu/Pb/Zn – OG62) and gold by gravimetric analysis (Au-GRA22). Rigorous procedures were in place regarding sample collection, chain of custody and data entry. Certified assay standards, coarse reject duplicates, field duplicates and blanks were routinely inserted into the sample stream to ensure integrity of the assay process. All of the results reported have passed the QA/QC screening.

Qualified Persons
Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

About Rockhaven
Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and development of its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and numerous lightly explored exploration targets. Rockhaven has completed a mineral resource estimate and a preliminary economic assessment on the Klaza deposit (see Klaza Property Technical Report with an effective date of July 10, 2020 and titled, “Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada.” Which can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com).

Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd.
T:604-687-2522
mturner@rockhavenresources.com

NT4