Northaven Announces Financing

NORTHAVEN RESOURCES CORP. (TSX VENTURE:NTV) announced today it is planning to
complete a non-brokered private placement comprised of flow through and non-flow
through securities with aggregate gross proceeds of up to $1,250,000. The flow
through portion of the offering is comprised of 500,000 flow through shares
("FTS") at a price of $0.19 per share and up to 3,275,000 super flow through
units ("FT Units") at a price of $0.20 per FT Unit, each of which is comprised
of one common share issued as a "super flow through" share and a one half (1/2)
two year non-flow-through share purchase warrant exercisable at a price of
$0.30, for total flow through proceeds of $750,000. The non-flow through portion
of the offering is comprised of up to 3,333,333 non-flow through units ("NFT
Units") at a price of $0.15 per NFT Unit, each of which is comprised of one
non-flow through common share and a one half (1/2) two year non-flow-through
share purchase warrant exercisable at a price of $0.25, for total non flow
through proceeds of $500,000. 


Finders' fees of up to 7% will be paid in cash to qualified persons who assist
the Company in securing subscribers for FT Units and NFT Units in the Placement.
The net proceeds of the flow-through portion of the Private Placement will be
used to cover expenditures on the Company's properties in British Columbia
qualifying as "Canadian Exploration Expense". The net proceeds of the
non-flow-through portion of the placement after paying transaction costs will be
used to fund exploration of the Company's properties and for general corporate
purposes. Closing of the Placement will take place in one or more tranches,
subject to TSX-V approval, which remains outstanding. 


On behalf of the Board of Directors of NORTHAVEN RESOURCES CORP.

Allen D. Leschert, CEO

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 factors, many of which are
beyond Northaven's control, and may cause actual results or performance to
differ materially from those currently anticipated in such statements.