White Gold Corp. pleased to provide an exploration update on the Bridget and Isaac porphyry targets located on the Pedlar and Hayes properties, respectively. Exploration work completed during 2023 included Induced Polarization (IP) chargeability and resistivity survey lines and hyperspectral analysis on 2022 prosecting rock samples.

All data collected thus far on these large early-stage targets continue to support a porphyry deposit model. The Pedlar and Hayes properties are situated in the southern part of the Company's 315,000 hectare land package in the White Gold District, west-central Yukon. Western Copper and Gold Corporation's Casino copper-gold-molybdenum porphyry deposit (Measured & Indicated Resources of 7.6 Blb copper and 14.5 Moz gold and Inferred Resources of 3.3 Blb copper and 6.6 Moz gold) sits approximately 30 km southwest and 40 km west of the Bridget and Isaac targets respectively.

Casino is one of the largest undeveloped copper-gold projects in Canada, and since 2021 has seen strategic investments by major partners including Rio Tinto Canada Inc. and Mitsubishi Materials Corporation. The Pedlar and Hayes properties are also located 40 km and 72 km southeast, respectively, of the Company's flagship White Gold project which contains an estimated 1,152,900 ounces of gold in Indicated Resources and 942,400 ounces of gold in Inferred Resources. The Bridget and Isaac targets represent large, early-stage, multi-element porphyry targets that have never been diamond drill tested.

Deep penetrating test IP survey lines conducted over existing soil geochemistry anomalies have identified a total of 13 chargeability anomalies, 5 at Bridget and 8 at Isaac. The Bridget soil anomaly on the Pedlar property measures 3 km NW-SE by 3.5 km NE-SW and is interpreted to represent a copper-molybdenum porphyry target. It is geochemically zoned with a molybdenum-copper- bismuth core and a silver-zinc-lead-tungsten halo.

At Bridget, one 1st priority and four 2nd priority chargeability anomalies were identified, with target depths ranging from 40 to 330 m. The chargeability anomalies underly a large molybdenum-copper soil anomaly, and a zone of moderate to strong chargeability to the southwest appears to mark a controlling WNW (290°) striking fault which correlates with anomalous lead-zinc-arsenic in soils. The Isaac soil anomaly on the Hayes property is a recently discovered target which measures 2 km E-W by 1.5 km N-S, and is interpreted to represent a copper-molybdenum porphyry target. It is geochemically zoned with a bismuth-arsenic-copper core and a silver-zinc-lead halo.

At Isaac, four 1st priority, three 2nd priority and one 3rd priority chargeability anomalies were identified, with target depths ranging from 50 to 550 m. The bismuth and copper core of the soil anomaly is underlain by multiple chargeability anomalies (S1, S2, M1 and W1 on Line 1E) which sit above a resistivity low. Anomalous lead, zinc, and silver, which form a halo around the core, are coincident with fault structures on the south side and north side of the survey area which trend NE (065°) and NW (290°) respectively. 2022 prospecting rock samples from both the Bridget and Isaac targets show anomalous trace element enrichments, including copper, molybdenum and silver, consistent with proximal porphyry copper-style mineralization.

Hyperspectral analysis results for the prosecting rock samples at both Bridget and Isaac show alteration mineralogy consistent with a porphyry deposit model. The Company is currently planning its fully funded 2024 exploration program, focusing on its existing significant gold resources, new high grade gold discoveries and other high priority gold and multi-element targets. The Company will arrange a webinar to provide a more detailed overview of the 2023 exploration results and plans for 2024 at that time.

Details to be announced in due course. The Dawson Range forms an east-southeast trending mountain range which hosts several important mineral deposits and prospects including the Casino porphyry Copper-Gold deposit in the west. In the southeast near the community of Carmacks, the Minto Mine contains resources of 356 Mlb copper, 189 Koz gold, and 1.7 Moz silver in Indicated Resources and 370 Mlb copper, 207 Koz gold, and 1.9 Moz silver in Inferred Resources, and the Carmacks Copper project hosts 652 Mlb copper, 302 Koz gold, 3.8 Moz silver in Measured and Indicated Resources and 38 Mlb copper, 13 Koz gold, and 215 Koz silver in Inferred Resources, both interpreted to represent metamorphosed copper-gold-silver porphyry deposits.

Porphyry deposits in the Dawson Range can be divided into 2 major ages, Late Triassic (Minto, Carmacks) and Late Cretaceous (Casino, Cash, Revenue). In addition to porphyry mineralization, epithermal, skarn, and polymetallic to gold-dominant mineralized veins, breccias and fracture zones also occur throughout the Dawson Range. In recent years this area has drawn increased attention and investment from both junior and major mining companies due to its high mineral potential.