Mr. David D'Onofrio reports

WHITE GOLD CORP. REPORTS EXPANDED SOIL ANOMALY ON DIME PROJECT AND SAMPLES UP TO 919 PPB GOLD

White Gold Corp. has released results from soil sampling on the East zone target of the Dime project, located within the Money claim area. The Dime project is one of four claim blocks in the Money claim area, located 70 kilometres to the southwest of Dawson City, Yukon. The claims border numerous historical mineral occurrences and placer-gold-bearing creeks. The company has also staked new claims over six of the company's target areas.

Highlights

• A total of 694 soil samples collected on the East zone were sent to the laboratory for analysis.
• Results for the samples ranged from trace up to 919 parts per billion gold.
• The company expanded the footprint of the gold-in-soil and arsenic-in-soil anomaly approximately 500 metres to the north and 300 metres to the south, increasing the anomaly to a 2.2-kilometre-by-one-kilometre area.
• The company defined the Gemini and Polaris target areas, which will be high-priority targets for follow-up work, including RAB (rotary air blast) drilling, in 2017.
• The company staked 606 new claims over six of the company's target areas.

David D'Onofrio, chief executive officer of the company, stated: "We are excited by the grade and expansion of the Dime gold-in-soil anomalies based on these most recent soil samples. Furthermore, the recent staking has added additional prospective area to our large portfolio of properties. White Gold Corp. is looking forward to commencing our 2017 exploration program in the coming weeks."

A total of 694 soil samples from the East zone target on the Dime property were submitted for analysis. Results of the samples ranged from trace to 919 parts per billion gold and are typically associated with strongly elevated arsenic (9.3 parts per million to 1,016 parts per million arsenic). The unglaciated terrain in the region results in soil that is undisturbed; therefore, samples are indicative of the rock directly below. The samples were collected by GroundTruth Exploration Inc. in 2015, but previously had only been analyzed by hand-held XRF (X-ray fluorescence) for pathfinder elements; primarily arsenic. The samples were collected as infill samples (50-metre-spaced lines by 25-metre-spaced samples) on the northern and southern portions of the East zone, and the initial XRF results indicated the potential to expand and refine the resolution of the existing anomaly. The recent analytical results confirm the XRF analysis and expanded the footprint of the zone an additional 500 metres north and 300 metres south.

The East zone now consists of an approximately 2.2-kilometre-by-one-kilometre zone of gold in soils over 12 parts per billion gold with numerous subtargets of over 60 parts per billion gold -- the most significant consisting of the Gemini and Polaris targets. The Gemini target consists of two approximately 325-metre-by-200-metre, north-northeast-trending gold-in-soil anomalies, with values up to 919 parts per billion gold that are associated with strongly anomalous arsenic (over 100 parts per million arsenic). Mineralization in the area is associated with strongly sericite altered metasediments and fine-grained metaintrusive rocks with zones of quartz veining and brecciation that appear to be associated with a series of north-northeast-trending, moderately west-dipping faults. The Gemini anomalies are separated by an approximately 60-metre-wide, north-trending quartz porphyry dike, and the current interpretation is that the anomalies likely originated as a coherent zone of mineralization that were later separated by late intrusive and/or structural activity. Diamond drilling conducted on the East zone in 2010/2011 (2,137 metres over 12 holes) by previous operators was conducted to the southwest of the soil anomaly and did not test the Gemini target area*.

The Polaris target occurs approximately 600 metres northwest of the Gemini and consists of a newly discovered, 175-metre-by-75-metre, north-trending zone of anomalous gold in soils (up to 894.5 parts per billion gold) that is open to the north. The target is coincident with strongly elevated lead (up to 709.8 parts per million lead) and only minor arsenic, indicating it is associated with a different structural and/or lithologic control to mineralization than the Gemini target.

Exploration on the East zone in 2017 will consist of expansion of infill grid soil sampling, DC induced polarization/resistivity surveys, geologic mapping/prospecting and an estimated 3,000 metres of RAB (rotary air blast) drilling over the Gemini and Polaris targets. Additionally, numerous other targets are known on the property that require follow-up investigation and may also be drill tested if warranted.

*Historical exploration results for the Dime property are summarized in the National Instrument 43-101 technical report on the Dime project dated Feb. 9, 2012.

Claim staking

An additional 606 new claims have been staked over six of the company's target areas. The staking includes expansion of existing claim blocks in three areas (IND, Rice and Pilot) and staking of three new targets (Bell, Carlisle and BGC) based on interpretation of regional geochemical and geophysical data sets.

Further details regarding the results of company's coming 2017 exploration program will be forthcoming as work is conducted.

The company encourages individuals interested in the company to visit its website to further understand the size and scope of the company's projects in the White Gold district.

The analytical work reported on herein was performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, B.C., laboratory. Sample preparation was carried out at its Whitehorse, Yukon, facility. All soil samples were prepared using procedure SS80 (dry at 60 C and sieve 100 grams at minus-80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis).

Jodie Gibson, PGeo, of GroundTruth Exploration, has acted as the qualified person under NI 43-101 and has reviewed and approved the content of this news release. GroundTruth Exploration is owned by the spouse of a director of the company.

GroundTruth Exploration of Dawson City, Yukon, designed and managed all work for the company. The reported work was completed using industry-standard procedures, including a quality assurance/quality control program consisting of the insertion of certified standards, blanks and field duplicates into the sample stream. The qualified person detected no significant quality assurance/quality control issues during review of the data.

About White Gold Corp.

White Gold owns a portfolio of 15,258 quartz claims across 25 properties covering approximately 305,440 hectares, representing approximately 30 per cent of Yukon's White Gold district. Preliminary exploration work has produced several highly prospective targets. The claim packages are bordered by sizable gold discoveries owned by majors including Kinross, Goldcorp, and Western Copper & Gold.

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