NTV

NORTHAVEN RESOURCES CORP. (TSX VENTURE:NTV) advises that, as a result of a
review by the British Columbia Securities Commission, we are issuing the
following news release to clarify our prior disclosure. 


On December 3, 2013, we issued a news release (the "December News Release")
disclosing contents of a historical technical report (the "Report") dated 1971
containing a positive feasibility review and recommendation for production at
that time on its Regal Silver polymetallic mine property 31 km north east of
Revelstoke, B.C. The news release disclosed certain information which we would
like to clarify. 


Historical Resource

The December News Release contained a table describing silver-lead-zinc and
tungsten mineralization comprising the Historical Estimate disclosed in the
Report which might have been read as implying that the grades reported for
Tungsten applied to the entire tonnage reported for the silver-lead-zinc
mineralization, rather than being limited to the smaller tonnage reported next
to the reported tungsten grade, which is in fact the case. 


While the tungsten mineralization occurs throughout the mine mineralization in
intimate association with the silver-lead-zinc mineralization, no tungsten grade
was reported for the historical silver-lead-zinc estimate. Instead, the Authors
selected certain areas of the veins containing higher grades of tungsten for
determination of a tungsten resource which was reported separately and
recommended for separate treatment as a matter of practical processing,
described as follows:




-------------------------------------------   ------------------------------
      SILVER-LEAD-ZINC MINERALIZATION          TUNGSTEN (WO3) MINERALIZATION
-------------------------------------------   ------------------------------
                       Silver   Lead   Zinc                         Tungsten
Category(i)       Tons (troz)    (%)    (%)   Category(i)       Tons  (WO3)%
-------------------------------------------   ------------------------------
"Probable                                     "Probable                     
 Reserve"(i)   114,146   3.24   3.32   1.58   Reserve"(i)      9,060    1.09
-------------------------------------------   ------------------------------
"Possible                                     "Possible                     
 Reserve"(i)   323,911   3.15   3.26   1.61   Reserve"(i)      9,700    1.02
-------------------------------------------   ------------------------------
                                                                            
(i) These 1971 estimates pre-date National Instrument 43-101 ("NI 43-101"). 
    The Company has not independently verified the above results and        
    considers them to be "Historical Estimates" under NI 43-101. A qualified
    person has not done sufficient work to classify the historical estimates
    as a current mineral resource and the Company is not treating them as   
    current mineral resources or reserves.                                  



Comparison of Historical Estimate to Current Resource Estimates

The December News Release indicated that mineralization classified in the Report
as "Probable Reserve" corresponds to "a Probable Mineral Reserve" and "Possible
Reserve" to an "Inferred Mineral Resource" under NI 43-101, based on
calculations and costs at the time of the Report. Readers are cautioned that,
although the Report Authors used both reserve categories in their Historical
Estimate to support their production recommendations at the time, a historic
"Probable Reserve" cannot be compared to a current reserve because there is no
current economic analysis to demonstrate that economic extraction could be
justified. Further, it appears that the mineralization referred to by the
Authors as a historical "Possible Reserve" category may be comparable the
current NI 43-101 "Inferred Resource", which would have precluded its inclusion
in reserve estimates under NI 43-101. 


The Resource was calculated based on mineralized vein sections that Authors
concluded had been adequately developed, sampled and check sampled underground,
excluding areas below the cut-off grade, except where necessary to preserve
orderly mining units. The Authors used a cut-off value for silver-lead-zinc
mineralization of $8.91 per ton with assumed metal prices of $1.75/troz for
silver, $0.15/lb for lead and $0.14/lb for zinc and with adjustments for
anticipated metallurgical recovery. A cut off value of $20.32 per ton was used
for Tungsten mineralization using prices of $50/unit for W03 with adjustments
for anticipated metallurgical recovery. Mining and milling costs used were $3.68
and $2.75/t for silver-lead-zinc mineralization and $15.09 and $2.75 for
Tungsten mineralization, respectively. The Authors appear to have used the
manual polygonal method for calculating resource blocks, using set distances
above and below underground workings and sampling data. Resource blocks
classified as a "Probable Reserve" were calculated mainly by level assays
extending, in most cases, a maximum of 25 feet (7.62 meters) above and below the
assay level.


The Report appears to have been prepared in a competent and diligent manner and
Company considers it to be reliable, subject to verification and upgrading to
current standards. 


The Report is also particularly helpful as a guide for further exploration and
development. The Report indicates there is excellent potential for extending
known mineralized veins in and around the Mine. Although there are at least 5-6
veins identified in the mine area, only one ("No 5 vein") provided 95% of the
tonnage in the Historical Estimate, with most of the other veins being excluded
due to limited exploration or development. None of the veins reported in the
Mine have been drilled to depth and all remain open in both strike directions.
Since the Report clearly identifies the location and grades of mineralization
used to calculate the Historical Estimate, it may significantly reduce the time
and expense required to explore and develop the Mine. Readers are again
cautioned that a Qualified Person has not done sufficient work to classify the
Historical Estimate as current mineral resources or mineral reserves and the
Company is not treating the Historical Estimate as current mineral resources or
mineral reserves. 


Retraction of previous disclosure of quantities and grades in Exploration Targets

The Regal Silver Mine lies approximately 2 miles (3.2 km) southwest of a
northwesterly-trending syncline forming part of a sedimentary/structural
sequence extending for several hundred kilometers in both direction being itself
part of a northeast trending sedimentary occurrence characterized by
northeasterly compressional overthrusting and resultant northwesterly-trending
high-angle reverse and normal extensional faulting.


The Allco Silver Workings are located approximately 6.5 kilometers to the
northwest, along the same structure. Both projects and the intervening ground
are all entirely well within the Company's property holdings. The rocks
underlying the entire area are comprised of the argillitic shales and limestone
of the Lardeau and Badshot Formations. At the Regal Silver Mine, repetitive
mineralized quartz veins occur within the mine area which are sub-parallel to
the synclinal axial plane and dip from 65 degrees north east near surface, with
dips flattening to 25 degrees at depths of 400 meters below surface. In the
historical mine, 6 veins were identified over a vertical height of 1200 feet
(265m) to the #10 level, with thicknesses varying from 1 foot (0.3m) to 40 feet
(12.2m), apparent strike lengths of up to 2,500 feet (762m) and inter-vein
spacings of 50 (15.2m) to 150 feet (45.7m). The veins are described as being
predominantly white to grey non-vitreous quartz with pyrite and pyrrohotite
being the principal sulphide minerals. Scheelite is found in intimate
association with the pyrite. Scattered throughout and locally concentrated in
the veins are nests, bands and pods of coarsely crystalline argentifierous
galena, resinous sphalerite, tetrahedrite and ruby silver. 


Based on mapping, sampling and limited underground workings, the Allco Silver
showing also has geological features similar to Regal Silver, including
northwest trending quartz vein structures within an anomalous 500 meter wide,
3000 meter long zone, which remains open along the structure. 


Veins occur at the Regal Silver mine in a zone over 300 meters wide and have
been mapped for at least 762 meters along the same structure. Examination of the
veining at both projects suggests they are structurally controlled and from the
geological mapping appear to have wide significant strike lengths and numerous
vein occurrences with over 20 separate locations mapped up to 1970. Limited
production at the Allco showing produced shipments of 213 tons of ore containing
11 troy ounces of gold, 11,211 troy ounces of silver and 173,157 pounds of lead.
Although these spectacular grades are not likely representative of reasonably
repeatable grades, they do show remarkably similar mineralizing suites and
similar metal ratios to those reported at Regal Silver, suggesting a common
mineralizing event. 


The structural features at Allco and Regal Silver are consistent with the
occurrence of normal and reverse faulting resulting from regional overthrusting,
particularly at the contact between the underlying argyilic and limestone units.
These fault zones would create zones of dilatancy, particularly in brittle rocks
such as the Lardeau shales and Badshot Limestones, which were later mineralized
by hydrothermal solutions arising from depth. The existence of this geological
model is also supported by the information obtained from the ZTEM geophysical
program conducted by the Company in 2011 (previously reported) which has
revealed a significant number of north-west tending subsurface linear anomalies
which appear to have close connection with known mineralized occurrences in the
area.


If the mineral occurrences at both the Allco and Regal Silver are the result of
the same structural and mineralizing events outlined above, then, as a
conceptual model, there may exist a zone of roughly continuous sub-parallel
mineralized quartz veins representing the traces of steep reverse to normal
faulting striking approximately 315 degrees (NW), dipping from 65 to 25 degrees
northeast between and including both the Regal Silver and the Allco Showings.
Based on this model and on the geological mapping within the Regal Silver mine
and at the Allco Silver showings, we would expect the veins to show similar
characteristics to those mapped. This in turn gives rise to an exploration
target having an areal extent of possibly 300m X 6,500m between the two
projects, containing similar vein structures. 


The Company retracts an exploration target size and range of grades in the
December News Release, and a target tonnage disclosed in its MD&A dated November
28, 2013. On further consideration, there is insufficient mapping, sampling and
assaying throughout the target area for us to arrive at a considered estimate of
tonnage and grade ranges for these targets. Accordingly, we retract our earlier
statements as to target size and instead state that we believe the area to be
geologically permissible of an exploration target of substantial size, with
possible mineralization at grades similar to those found at either the Regal
Silver Mine or the Allco Silver Workings. Readers are cautioned that this
exploration target is conceptual in nature and it is uncertain if further
exploration will result in the estimation of ranges of quantity and grade in the
exploration target, or the target being delineated as a mineral resource.  


The Company plans to conduct exploration work to test the above target as well
as the historic Regal Silver mine area in the coming year, subject to funding.


This news release has been reviewed with respect to technical information by
Phil Southam, P. Geo., an independent Qualified Person under National Instrument
43-101. 


On behalf of the Board of Directors of

NORTHAVEN RESOURCES CORP.

Allen D. Leschert, CEO

All other technical data herein is based on information contained in technical
reports or summaries prepared by independent third parties which has not been
independently verified by the Company, and which remains subject to confirmation
by subsequent evaluation. Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news
release. This news release may contain assumptions, estimates, and other
forward-looking statements regarding future events. Such forward-looking
statements involve inherent risks and uncertainties and are subject to certain
factors, many of which are beyond Northaven's control, which may cause actual
results or performance to differ materially from those currently anticipated in
such statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northaven Resources Corp.
Malcolm Fraser
President
604 696-3608
malcolm@northavenresources.com


Northaven Resources Corp.
Allen Leschert
CEO
604 696-3600
allen@northavenresources.com
www.northavenresources.com

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