Western Copper and Gold Corporation (TSX:WRN) (NYSE MKT:WRN) and the Selkirk First Nation wish jointly to announce that Western’s wholly-owned subsidiary, Casino Mining Corp. and Selkirk have entered into an initial Agreement for Co-Operation in Project Assessment and Other Matters relating to the Casino Project.

The Casino Project Proposal was submitted to the Yukon Environmental and Socio-economic Assessment Board on January 3, 2014. The Casino Project is located primarily within Selkirk’s Traditional Territory.

The Agreement commits the parties to work cooperatively to review, evaluate and discuss the Casino Project, provides for the establishment of a technical working group and lays the foundation for establishing future agreements and protocols relating to the Project.

Paul West-Sells, President of CMC, stated: “I am pleased that we have accomplished this first step in our relationship with Selkirk and look forward to working together as we bring the Casino Project forward.”

Selkirk First Nation Chief Kevin McGinty added: “Our first concern is that this Project should proceed in ways that are environmentally responsible. This Agreement provides Selkirk with a central role in working with Casino management to ensure that the plans for this Project meet Selkirk’s expectations for environmental performance while also providing long-term economic and other benefits and opportunities for our First Nation and our Citizens.”

ABOUT SELKIRK FIRST NATION

Selkirk First Nation’s principal community is situated in Pelly Crossing, about halfway between Whitehorse and Dawson City and approximately 115 km east of the Casino Project. Selkirk is a self-governing Yukon First Nation and has treaty and other rights and interests throughout its Traditional Territory.

ABOUT WESTERN COPPER AND GOLD CORPORATION

Western Copper and Gold Corporation is a Vancouver-based exploration and development company with significant copper, gold and molybdenum resources and reserves. The Company, through its subsidiary Casino Mining Corporation, has 100% ownership of the Casino Project located in the Yukon Territory. The Casino Project is one of the world’s largest open-pit gold, copper, silver and molybdenum deposits.