Mr. David D'Onofrio reports

WHITE GOLD CORP. ANNOUNCES NEW HIGH-GRADE GOLD DISCOVERY FROM SURFACE ON JP ROSS PROPERTY, INCLUDING MINERALIZATION OF 56.25 G/T AU OVER 3.05M WITHIN BROADER MINERALIZATION OF 17.34 G/T AU OVER 10.67M & 45.0 G/T AU OVER 3.05M WITHIN BROADER MINERALIZATION OF 9.65 G/T AU OVER 15.24M AT VERTIGO TARGET

White Gold Corp. has released initial drill results from the Vertigo target on the JP Ross property, Yukon. The rotary airblast (RAB) drilling followed up on high-grade GT probe results on the property announced on Aug. 14, 2018. Results received to date include the first 10 of 17 RAB holes, with the balance expected in the near future. A reverse circulation (RC) drill is currently on site to further test the Vertigo target.

Highlights include:

• JPRVERRAB18-001 intersected 56.25 grams per tonne gold over 3.05 metres from 3.05 m depth, within a broader intercept of 17.34 g/t Au over 10.67 m, which are among the highest grades ever encountered in the White Gold district.
• Seventy-five m to the west of JPRVERRAB18-001, JPRVERRAB18-011 intersected 45.00 g/t Au over 3.05 m from 1.52 m depth, within a broader intercept of 9.65 g/t Au over 15.24 m.
• At least 10 individual mineralized zones (V1 to V10) have been recognized over a 350 m by 1,000 m area, with individual zones having been traced up to 400 m along strike with all zones open along strike and at depth.
• The JP Ross property is road accessible from Dawson City and the Vertigo target is within two kilometres of the existing road.
• Seventeen RAB holes have been completed on the Vertigo target and assay results for the remaining seven RAB holes will be released in due course.
• An RC drill has been moved to the Vertigo target to further test the new discovery.

"We are very excited about the results from the Vertigo target confirming the discovery of multiple zones of high-grade, near-surface gold mineralization over 200 m of strike length on the JP Ross property. These are very significant results for a first-round drill program and we are eagerly anticipating the additional results from the remaining holes on this new target," stated Jodie Gibson, vice-president, exploration, of the company. "Our systematic approach to exploration has quickly advanced the Vertigo and we are looking forward to further exploring this exciting new discovery."

Exploration work on Vertigo target

A total of 917.45 metres of RAB drilling over 17 holes were completed on the Vertigo target to follow up on previously announced GT probe results from the area that yielded results ranging from trace to 29.1 g/t Au, including samples returning 6.5 g/t Au, 3.4 g/t Au and 3.3 g/t Au within two m of surface on previously untested structures.

Several of the RAB holes failed to reach full depth due to difficult ground conditions adjacent to or within the mineralized zones. The RAB was therefore converted to an RC system to improve recoveries. To date 677.63 m of RC has been completed over eight holes and drilling is continuing, with a focus on testing all the known zones of mineralization and follow-up on areas of significant mineralization identified during the initial phase of RAB drilling.

Drill results

Results for 10 of the initial 17 RAB holes from the Vertigo target have been received and are discussed below. Individual assays ranged from trace to 73.5 g/t Au and are associated with strongly elevated silver, lead, bismuth, plus/minus arsenic. All reported holes were drilled either due north (000 degrees) or due south (180 degrees) at dips ranging from minus 55 degrees to minus 85 degrees and cover a 200 m strike extent along the western portion of the target area. A minimum of three of the known mineralized structures (V3 to V5) were tested by the reported drilling. The most significant results were obtained from holes JPRVERRAB18-001, 009, 010 and 011.

JPRVERRAB18-001

JPRVERRAB18-001 was drilled adjacent to historic trench JRVE10T0008 targeting a five m section that averaged 4.28 g/t Au on the V4 zone. The hole was oriented to the south at a minus-60-degree dip, and intersected a 10.67 m interval averaging 17.34 g/t Au from 3.05 m depth; including a 3.05 m interval averaging 56.25 g/t Au from 3.05 m depth. The gold mineralization was also associated with 38.8 g/t Ag and 0.61 per cent Pb over the upper 3.05 m mineralized interval.

JPRVERRAB18-009 and 010

JPRVERRAB18-009 and 010 were drilled 115 m to the east-southeast and 135 m to the northeast of JPRVERRAB18-001 targeting the V3 and V5 structures, respectively. JPRVERRAB18-009 was drilled to the north at a minus-60-degree dip and intersected 13.4 g/t Au over a 1.52 m zone from 38.1 m depth. JPRVERRAB18-010 was drilled to the south at a minus-65-degree dip and intersected 15.3 g/t Au over a 1.52 m zone from 16.76 m depth.

JPRVERRAB18-011

JPRVERRAB18-011 was drilled 75 m to the west of JPRVERRAB18-001 along the western projection of the V3 zone. The hole was oriented to the south at a minus-65-degree dip and returned 15.24 m of 9.65 g/t Au from 1.52 m depth; including 3.05 m of 45 g/t Au from 1.52 m depth. The gold mineralization was also associated with 33.4 g/t Ag and 0.55 per cent Pb over the upper 3.05 m mineralized interval.

Interpretation of the results is continuing, and there is not currently enough information to estimate true thickness of the mineralized zones.

    SIGNIFICANT DRILL RESULTS FROM THE VERTIGO TARGET 

Hole ID               From        To   Interval        Au
                       (m)       (m)        (m)     (g/t)

JPRVERRAB18-001       3.05     13.72      10.67     17.34
including             3.05       6.1       3.05     56.25
JPRVERRAB18-003         32     35.03       3.05      3.11
JPRVERRAB18-004      19.81     21.34       1.52      3.73
JPRVERRAB18-005                        assays in progress
JPRVERRAB18-006      21.34     22.86       1.52      0.76
JPRVERRAB18-007      12.19     13.72       1.52      2.37
and                   44.2     45.72       1.52      1.85
and                   82.3     83.82       1.52      4.83
JPRVERRAB18-008       1.52      3.05       1.52      4.11
and                  33.52     35.05       1.52      3.40
JPRVERRAB18-009       38.1     39.62       1.52     13.40
JPRVERRAB18-010      16.76     18.29       1.52     15.30
and                  64.01     65.53       1.52      1.07
JPRVERRAB18-011       1.52     16.76      15.24      9.65
including             1.52      4.57       3.05     45.00
JPRVERRAB18-012                        assays in progress
JPRVERRAB18-013                        assays in progress
JPRVERRAB18-014                        assays in progress
JPRVERRAB18-015                        assays in progress
JPRVERRAB18-016                        assays in progress
JPRVERRAB18-017                        assays in progress

Vertigo target, JP Ross property

The Vertigo target is located on the company's JP Ross property, approximately 75 kilometres south of Dawson City, Yukon, and 25 km north of the Golden Saddle deposit. The JP Ross property is road accessible from Dawson City and the Vertigo target is within two km of an existing road.

Mineralization on the Vertigo consists of brecciation, quartz veining and strong sericite alteration with disseminated to vein-controlled pyrite, arsenopyrite, galena, bismuthinite and locally visible gold. At least 10 individual zones (V1 to V10) are currently recognized over a 350 m by 1,000 m area, with individual zones having been traced up to 400 m along strike and all are currently open along strike and at depth. The mineralized zones are associated with a series of west-northwest-trending, steeply dipping structures and splays associated with a regional-scale fault system that has been traced over 12 km. Four additional target areas are currently recognized along this trend and follow-up geologic mapping and prospecting are continuing.

The JP Ross property comprises 2,251 quartz claims covering over 46,000 hectares of exploration ground which currently has at least 14 known anomalous trends including the Vertigo, and numerous placer gold-bearing creeks. The property is located 25 km north of the company's flagship White Gold property which has a mineral resource of 960,970 ounces indicated at 2.43 g/t gold and 262,220 ounces inferred at 1.70 g/t gold. Historic exploration performed on the JP Ross property by Underworld Resources and Kinross Gold includes geochemical surveys, trenching, airborne magnetic and radiometric surveys, and 8,592 m of diamond drilling over 64 holes. Fourteen target areas are currently known and large portions of the property are unexplored. Key areas identified as priorities in 2018 include the Vertigo, Rebecca and Sabotage trends. Historic work on the Vertigo target work performed in the area including trench results of 4.28 g/t Au over five m within a broader sampling range of up to 1.05 g/t Au over 45 m, and a historic drill hole which intersected 17.9 g/t Au over one m.

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.