White Gold Corp. announced a fully subscribed non-brokered private placement of of flow-through common shares at a price of CAD 0.41 per share and common shares at a price of CAD 0.38 per share for aggregate gross proceeds of CAD 4,416,000 on December 8, 2022. Closing of the offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals including the approval of the TSX Venture Exchange.

The securities issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the closing date of the offering in accordance with applicable securities legislation. The expected date of payment is on or about December 23, 2022.