Vancouver, B.C. - November 29, 2012 - Westhaven Ventures Inc. (TSX-V:WHN) is pleased to announce that it has closed the non-brokered private placement (the “Private Placement”) previously disclosed by the Company on November 13th, 2012. The Private Placement raised gross proceeds of $230,450 through the issuance of 1,280,278 share units of the Company (the "Share Units"), each Share Unit consisting of one flow-through common share (a "Share") and one common share purchase warrant (a "Warrant"), at a purchase price of $0.18 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.23 per Share, expiring in two years from the date of issue. An insider participated for 278,000 share units. In connection with the final tranche of the Private Placement, the Company paid finder's fees of $7,272. Hold period expiry in respect to the financing is March 30th 2012.
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, 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.