Mr. David D'Onofrio reports

WHITE GOLD MAKES NEW HIGH-GRADE GOLD DISCOVERY ALONG TREND WITH GOLDEN SADDLE DEPOSIT INCLUDING 20.64 G/T AU OVER 6.1M & 5.02 G/T AU OVER 13.2M AT RYAN'S SHOWING TARGET ON WHITE GOLD PROPERTY, YUKON

High-grade gold mineralization has been discovered at shallow depths on multiple drill holes on the Ryan's Showing target, located along trend with White Gold Corp.'s flagship Golden Saddle deposit two kilometres to the west. The drill holes were completed using reverse circulation (RC) drilling which is used by the company to drill shallow, sub-200-metre holes more cost-efficiently than traditional exploration. The drilling was part of the company's 14,500 m drill program focused on expansion of the existing gold resource on the White Gold property. This program includes expansion of the Golden Saddle deposit and exploration of nearby targets such as the Ryan's Showing. A diamond drill will be moved to the discovery site to perform additional exploration.

Highlights include:

• Discovery hole WHTRYN18RC0001 intersected 20.64 grams per tonne gold over 6.10 m from 83.82 m depth, with individual assays ranging from 7.07 g/t to 39.8 g/t Au.
• WHTRYN18RC0002 intersected 5.02 g/t Au over 13.17 from 121.92 m depth, including 9.25 g/t Au over 4.57 m from 123.44 m depth 100 m to the west of the discovery hole.
• A newly discovered mineralized zone is associated with an east-west-oriented, north-dipping, structure as shown in lidar imagery, DIGHEM and IP resistivity, which remains open along strike and at depth, and demonstrates the potential for multiple mineralized structures.
• The discovery is situated on an 800 m by 115 m soil anomaly with values from trace up to 1,576 parts per billion Au, on trend with the Golden Saddle with the area between Ryan Showing and Golden Saddle deposit historically unexplored.
• Historic drill hole in the area (WGRS11D0003) which was drilled subparallel to the structural trend returned 6.34 g/t Au over 6.56 m from 159.44 m depth.
• The company continues to test similar targets as part of the program designed to expand the existing resource on the White Gold property.

"We are very excited about the discovery of a significant new high-grade gold zone two kilometres from the Golden Saddle. We have recognized the potential of satellite deposits near the Golden Saddle which would have the potential to greatly increase the size of the company's resource," stated Jodie Gibson, vice-president, exploration of the company. "This is one of many promising targets on the White Gold property tested this year and we are looking forward to the additional results in due course."

Ryan's Showing target, White Gold property

The Ryan's Showing is located approximately two km west of the Golden Saddle deposit on the White Gold property and consists of gold-in-soil anomalies (trace to 1,576 ppb Au) associated with a distinct east-west-oriented, north-dipping, structure visible in lidar imagery, DIGHEM and IP resistivity. One historic drill hole in the area (WGRS11D0003) was drilled subparallel to the structural trend approximately 200 m northwest of WHTRYN18RC0001 which returned 6.34 g/t Au over 6.56 m from 159.44 m depth, indicating the potential for high-grade mineralization in the area which has been confirmed by holes WHTRYN18RC0001 and WHTRYN18RC0002. The area along trend from the Golden Saddle deposit to the Ryan Showing has been historically unexplored. In 2018, the company has performed some additional exploration along trend and results will be released in due course.

Discovery drill holes

Four drill holes totalling 681.22 m were completed on the Ryan's Showing this year. WHTRYN18RC001 returned 6.10 m of 20.64 g/t Au from 83.82 m depth, with individual assays in the zone ranging from 7.07 to 39.8 g/t Au. WHTRYN18RC002 is located 100 m west of WHTRYN18RC001 and returned 13.72 m of 5.02 g/t Au from 121.92 m depth; including 4.57 m of 9.25 g/t Au from 123.44 m depth. The current geologic interpretation indicates that neither WHTRYN18RC003 nor 004, located approximately 150 m to the west and northwest of WHTRYN18002, respectively, was drilled deep enough to intersect the mineralized structure(s). The reported RC holes were drilled at a 180-degree azimuth and minus-60-degree dip.

Follow-up diamond drilling is planned for the target and will commence during the 2018 season.

Significant drill results from the Ryan Showing are detailed in the associated table.

Hole ID                   From             To           Int.             Au
                           (m)            (m)            (m)          (g/t)

WHTRYN18RC0001           83.82         89.916          6.096          20.64
WHTRYN18RC0002          121.92        135.636        13.1716           5.02
Including              123.444        128.016          4.572           9.25

There is not currently enough information to estimate true thickness of the mineralization at this time. The White Gold property is located 95 km south of Dawson City, Yukon. The property's 1,792 claims totalling 34,951 hectares are 100 per cent owned by the company. The property has an airstrip, barge access and a fully operational 100-person camp. The Yukon Resource Gateway project funded by the federal and territorial governments will provide year-round road access to the property.

Reported in independent technical report for the White Gold project, Dawson Range, Yukon, Canada, by Gilles Arseneau, PGeo, dated Sept. 15, 2017, and available on SEDAR.

About White Gold Corp.

The company owns a portfolio of 19,606 quartz claims across 30 properties covering over 390,000 hectares, representing approximately 40 per cent of the Yukon's White Gold district. The company's flagship White Gold property has a mineral resource of 960,970 ounces indicated at 2.43 grams per tonne gold and 262,220 ounces inferred at 1.70 grams per tonne gold.

Quality assurance/quality control

The analytical work for the 2018 program has been 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 GT probe, RAB, RC and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30 g fire assay with AAS (atomic absorption spectroscopy) finish) and AQ200 (0.5 g, aqua regia digestion and ICP-MS (inductively coupled plasma mass spectrometry) analysis). Samples containing greater than 10 g/t Au were reanalyzed using method FA530 (30 g fire assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encountered (FS600). The work was completed using industry-standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified person

Jodie Gibson, PGeo, vice-president of exploration for the company, is a qualified person as defined under National Instrument 43-101 and has reviewed and approved the content of this news release.

We seek Safe Harbor.