Filing Of Technical Report On The Powerline Uranium Project

VANCOUVER - GoldHaven Resources Corp. has filed an independent technical report which concluded that the Powerline Uranium Project is a property of merit that warrants an extensive multi-phased exploration and drill program.

CEO, Bonn Smith, said, "The first drill hole will be carried out close to the historic Samson well near the centre of the Powerline Property, as the gamma ray readings in that well at certain depths are quite literally off the charts. Once we gather core from the anomalous depths we will be able to determine continuity of the uranium mineralization in this section of the Property, as well as increase our confidence in the estimated uranium grade throughout the Powerline Project."

The Powerline Uranium Project lies within sedimentary rocks (sandstone) of the Colorado Plateau. With sandstone-style uranium deposits, grades in the 0.01% U3O8 range can be attractive due to the advent of In-Situ Leaching (ISL) mining practices.

Historical gamma ray geophysical logs within the Samson well (near the centre of the Powerline Property) indicate a 35.4 m (116 ft) thick zone of uranium mineralization within which a 19.0 m (62.4 ft) thick section is estimated to have uranium grade of 0.0258% U3O8 (Hite, 2015).

This estimate of uranium grade is based upon interpretation of gamma ray geophysical logs carried out in the well when it was drilled in 2007. The information from these logs is considered reliable and relevant to uranium mineralization since the logging instrument was calibrated to detect shale units that are of interest in oil and gas drilling and are likely to under estimate the uranium content in the anomalous zone.