White Gold Corp. announced positive assay results for its 2022 diamond drilling program on the RyanÆs Surprise target, which is located approximately 2km west of its Golden Saddle and Arc deposits and 11km south of the CompanyÆs VG deposit on the RyanÆs Trend, a 6.5km long x 1km wide north-northwest trend of anomalous gold and arsenic in soils. Hole WHTRS22D029 encountered several zones of significant gold mineralization including 5.34 g/t Au over 10.85m and represents a 50m extension of mineralization along strike to the southeast.

A mineralized footprint at the RyanÆs Surprise target of approximately 450m east-west by 450m north-south and to a vertical depth of 450m has been defined to date which remains open in all directions. The Golden Saddle and Arc deposits have a combined mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1) and the VG deposit hosts an Inferred gold resource of 267,600 ounces at 1.62 g/t Au(2). These assays represent positive results from the CompanyÆs $6 million 2022 exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited and Kinross Gold Corporation.

Gold mineralization was initially discovered at RyanÆs Surprise by Kinross in 2011 with diamond drill hole WGRS11D0003 returning 6.34 g/t Au over 6.56 m and 3.88 g/t Au over 3.00m. Subsequent drilling by the Company since 2018 has continued to encounter significant gold mineralization in multiple zones which remain open along strike and down-dip with grades up to 20.64 g/t over 6.10m. In 2019, maiden diamond drilling at RyanÆs Surprise intersected 2.10 g/t Au over 31.78m in WHTRS19D012 (see Company News Release dated Sep.

25, 2019) and diamond drilling in 2020 returned several high-grade gold intercepts including 17.40 g/t Au over 3.47m in hole WHTRS20D013, 10.96 g/t Au over 3.76m in hole WHTRS20D017, and 8.69 g/t Au over 12.30m in hole WHTRS20D018. In 2021, diamond drilling further expanded gold mineralization and returned gold intercepts including 10.36 g/t Au over 3.25m in WHTRS21D026, 1.66 g/t Au over 25.50m in WHTRSD020 and 1.88 g/t Au over 15.00m in WHTRS21D019. Four holes were drilled at the RyanÆs Surprise target to provide sufficient drill spacing required to carry out an initial mineral resource estimate.

The highlight of this drilling was hole WHTRS22D029 which intersected an upper zone grading 1.26 g/t Au over 11.15 m from 99.85 m downhole, and a lower main zone which returned 5.35 g/t Au over 10.85 m from 266.50 m downhole. Higher grade subintervals within this latter zone included 37.70 g/t Au over 0.85m and 21.30 g/t Au over 0.95m. These zones remain open to the east and down-dip and additional diamond drilling is recommended to further expand the mineralization.

Hole WHTRS22D032 which was drilled in the central portion of RyanÆs Surprise intersected broad zones of mineralization including 0.58 g/t Au over 17.50 m from 179.0m downhole and 0.69 g/t Au over 14.35 from 315.25m. Higher grade mineralization was also encountered, including 4.47 g/t over 1.40 m from 95.30 m and 8.03 g/t Au over 0.55m from 219.65m. The Company is currently updating the mineralization model for RyanÆs Surprise in preparation for an initial mineral resource estimate which is expected to be completed in 2023.

Analytical work for the 2022 diamond drilling program was performed by Bureau Veritas, an internationally recognized analytical services provider, at its North Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All diamond drill core samples were prepared using the PRP70-250 package, where samples were weighed, dried, and crushed to greater than 70% passing a 2mm sieve, then pulverized to greater than 85% passing 75 microns).

Core were then analyzed in accordance with BVÆs FA430 and MA250 packages, for both gold analysis by fire assay (30g fire assay with AAS finish) and ultra-trace multi-element ICP analysis (0.25 g, 4 acid digestion and ICP-MS analysis). The reported diamond drilling sampling program work was completed using industry standard procedures, including a quality assurance/quality control (ôQA/QCö) program consisting of the insertion of standards and blank samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates, and blanks within each sample stream.