Mr. David D'Onofrio of White Gold reports

WHITE GOLD CORP ACQUIRES & STAKES PROPERTIES AROUND NEW DISCOVERY ON JP ROSS PROPERTY, YUKON; MANAGEMENT TO PRESENT AT UPCOMING CONFERENCES

White Gold Corp. has reached agreement to acquire a 100-per-cent interest in a portfolio of mining claims comprising the Henderson, Flow/Work Creek and Birdman properties from Independence Gold Corp. in exchange for an aggregate cash payment of $35,000, 160,000 common shares in the capital of the company and two 1-per-cent net smelter return (NSR) royalties on the properties. The properties comprise an aggregate of 920 claims representing approximately 18,000 hectares of land in the White Gold district. The company has also staked 299 claims adjacent to the JP Ross and Hen properties. The acquisitions extend the company's land package immediately to the west and south of the company's JP Ross property in the area surrounding the recently announced discovery and increases the company's landholdings in the Yukon to 409,000 hectares. Maps further detailing the property locations can be found at the company's website.

Under the terms of the agreements to acquire the properties, Independence will maintain: (i) a 1.0-per-cent NSR royalty over the claims comprising the Henderson property, which can be purchased by the company at any time for $2-million; and (ii) a 1.0-per-cent NSR royalty over the claims comprising the Flow/Work Creek property, which can be purchased by the company at any time for $1-million. The shares to be issued as partial consideration to Independence will be subject to a four-month-and-one-day regulatory hold period from the date of closing. The acquisition of the properties is expected to close this week and remains subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

David D'Onofrio, chief executive officer of the company, stated: "The acquisition of these properties and claims add substantially to our holdings surrounding the recent exciting discovery on JP Ross and further expands our dominant position in the White Gold district. We are looking forward to the additional results from the exploration conducted on JP Ross and our other targets to be released in due course."

Newly acquired and staked property information

The acquisition of the properties and the staked claims consolidates and expands the company's already substantial land position in the White Gold district and adds strategic land surrounding the site of the recent discovery at the Vertigo target.

The Henderson property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels that overlie inferred fault intersections at two places on North Henderson Creek. There are indications that known mineralized structures on the company's JP Ross property continue onto the Henderson property.

The staked claims are immediately south of the company's JP Ross property in the area surrounding the Vertigo discovery. The company staked 275 claims adjacent to the JP Ross property and 24 claims adjacent to the company's Hen property.

Included in the properties are Flow/Work Creek and Birdman which are also contiguous to properties owned by the company.

Upcoming conferences

Management of the company will be presenting at several upcoming conferences to provide a corporate update, answer questions and provide details on the recent discoveries, and has also been selected for special group presentations as follows.

Precious Metals Summit

Beaver Creek, Colo. -- Sept. 20 to Sept. 22, 2018

Presentation:  Thursday, Sept. 20, 2018, from 3:30 p.m. to 3:45 p.m. in room 1 -- Heritage Hall, Ford Centre

More information:  see Precious Metals Summit website

Denver Gold Forum

Colorado Spring, Colo. -- Sept. 23 to Sept. 26, 2018

Presentation:  Monday, Sept. 24, 2018, from 4:45 p.m. to 5 p.m. in Broadmoor Hall F

More information:  see Denver Gold Forum website

Please reach out to management if you would like to book a meeting at either of these conferences.

About White Gold Corp.

The company owns a portfolio of 20,501 quartz claims across 30 properties covering over 409,000 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 g/t gold as set forth in the technical report entitled "Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada," dated March 5, 2018, filed under the company's profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the company's claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (disclosed measured and indicated gold resource of 4.1 million oz) and Western Copper and Gold Corp.'s Casino project (disclosed proven plus probable gold reserves of 8.9 million oz Au and 4.5 billion pounds Cu).

Qualified person

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

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