Northaven Resources Corp.

April 13, 2011 11:14 ET

Northaven Expands Allco Holdings

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2011) -NORTHAVEN RESOURCES CORP. (TSX VENTURE:NTV) is pleased to announce that it has staked an additional 6,380. hectares to the south and east of its current Allco Property holdings which now includes direct access to Highway 1 just east of Revelstoke. This addition brings the total area of the Allco Property to 13,222 hectares.

The Allco Property lies approximately east west across the same structures and rock types that host the VMS-type formation within the adjoining J&L property held by Huakan International Mining Inc. The J&L property, which Huakan describes as "one of the largest undeveloped polymetalic deposits in British Columbia", has been the subject of extensive exploration since 1989 with more than $21 m of reported expenditures, in excess of 2.6 km of underground development, extensive metallurgical testing and extensive drilling. Huakan recently completed a 7,897 meter drill program focused on expanding the limits of "Main Zone" mineralization - a stratiform, structurally deformed, massive sulphide deposit with average thickness of 2.5 meters. Huakan reports the Main Zone has been traced for more than 3 km and is open along strike, both updip and downdip. Its most recent drilling results reported March 23, 2011 included Main Zone intercepts of 2.09 - 11.07 meters (estimated true thickness) grading 5.35 - 21.01 g/t Gold, 31.55 - 56.34 g/t silver, 0.8 - 1.93% lead and 1.38 - 3.52% Zinc.

The Huakan Main zone lies approximately 5.0 km north-west on strike from the Allco Property. Grab samples from the Allco Property, as provided by the Vendor, show grades ranging from 0.1 to 3.86 g/t gold and 193 - 3083 g/t silver, 1.24 - 42.5% lead and 2.03 - 16.4% zinc. Both the J&L and the Allco properties are on strike with the former Goldstream Mine, which produced from 1983 to 1996, and is located 55 km to the northwest from the Allco Property.

The Goldstream, J&L and Allco properties all lie within a south-east trending overthrust belt of Lower to Middle Cambrian metamorphosed arenaceous to chemical sediments and volcanics, sandwiched between later aged Mississippian to Jurassic granodioritic intrusive.

Mineralization on the Allco Property displays characteristics of VMS (Volcanic Massive Sulphides), MVT (Mississippi Valley Type – limestone replacement) and Carbonate Replacement/Intrusion Related structural emplacement mineralization. Each of these mineralization types is favourable for the discovery of large bulk tonnage polymetallic (gold, silver, zinc, lead) deposits.

The Allco Property has only been lightly evaluated in the past and has not been subjected to modern geophysical and geochemical exploration. Northaven will be contracting a VTEM/magnetometer airborne work program to commence shortly, followed by a follow-up summer field program of anomaly prospecting, sampling and geochemical evaluation using MMI determinations. Full details will be announced as they become available.

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


This news release has been reviewed by Andrew Gourlay ,P. Geol., a Qualified Person under National Instrument 43-101. All technical data herein is based on information contained in geological reports or summaries prepared by or on behalf of the Vendor which has not been independently verified by Mr. Gourlay or Northaven, and which remains subject to confirmation by subsequent exploration. 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, that may cause actual results or performance to differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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