White Gold Corp. (TSX-V: WGO) (OTCQX: WHGOF) (FRA: 29W) is pleased to announce the closing of the second and final tranche of a non-brokered private placement, previously announced on December 5, 2024, for aggregate gross proceeds of approximately $250,000 consisting of the sale of 1,136,364 common shares at a price of C$0.22 per common share. Combined with the closing of the first tranche of the Offering completed on December 23, 2024, in total the Offering raised gross proceeds of $5.25 million (see the Company’s news release dated December 23, 2024).

“We are very grateful for the strong support and interest in this upsized financing to fully fund an impactful 2025 exploration program on our district-scale gold and critical mineral property portfolio with a unique mix of significant defined gold resources with extensive prospectivity for growth and greenfield opportunities in a prolific and underexplored area of a tier 1 jurisdiction in Canada,” stated David D’Onofrio, Chief Executive Officer.

Pursuant to an investor rights agreement between the Company and Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) dated December 13, 2016, Agnico acquired the 1,136,364 HD Shares pursuant to the Offering and holds 18.3% ownership interest in the Company on a partially-diluted basis following the completion of the Offering.

All securities issued pursuant to the Offering are subject to a statutory four-month and one day hold period in accordance with applicable Canadian securities laws.

About White Gold Corp.

The Company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,000 hectares (3,150 km²) representing approximately 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold project hosts four near-surface gold deposits which collectively contain an estimated 1,203,000 ounces of gold in Indicated Resources and 1,116,600 ounces of gold in Inferred Resources⁽¹⁾. Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.1 Moz at 1.28 g/t gold and Inferred Resources of 0.2 Moz at 1.04 g/t gold⁽²⁾, and Western Copper and Gold Corporation’s Casino project which has Measured and 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⁽³⁾.

^{(1) See White Gold Corp. press release dated November 19, 2024, available on SEDAR+.
(2) See Newmont Corporation Form 10-K: Annual report for the year ending December 31, 2023, in the Measured, Indicated, and Inferred Resources section, dated February 29, 2024, available on EDGAR. Reserves and resources disclosed in this Form 10-K have been prepared in accordance with the Regulation S-K 1300, and do not indicate NI43-101 compliance.
(3) See Western Copper and Gold Corporation technical report titled “Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada”, Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.}