Mr. David D'Onofrio reports

WHITE GOLD CORP. INTERSECTS 5.03 G/T GOLD OVER 25.0M WITHIN 2.96 G/T GOLD OVER 46.5M SIGNIFICANTLY EXPANDING WIDTH OF NEAR SURFACE GOLD ZONE BY 50% AT BETTY FORD TARGET, WHITE GOLD DISTRICT, YUKON, CANADA

White Gold Corp. has released additional results for the 2023 exploration diamond drilling at the Betty Ford target on the Betty property. The new assay results include 2.96 grams per tonne over 46.5 metres from 11.5 m depth in hole BETFD23D014, including a higher-grade subinterval of 5.03 g/t Au over 25 m, which significantly expanded the width of the near-surface high-grade gold zone to the south. Results for hole BETFD23D012 and partial results for hole BETFD23D013 were announced previously on Sept. 7, 2023, highlighted by 3.38 g/t Au over 53 m from 7.3 m depth in BETFD23D013. Results for hole BETFD23D015 remain pending but are expected to be received and announced in the near future.

The Betty property lies along strike and approximately 40 kilometres east-southeast of Newmont Corp.'s Coffee gold deposit with indicated resources of 2.14 million ounces gold and inferred resources of 230,000 oz gold. The Betty property is also contiguous to and 15 km northeast of Western Copper and Gold Corp.'s Casino porphyry copper-gold project with measured and indicated resources of 14.8 Moz gold and 7.6 billion pounds copper and inferred resources of 6.3 Moz gold and 3.1 Blb copper.

Betty Ford is located approximately 65 km southeast of the company's flagship White Gold project in west-central Yukon, Canada, which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the indicated resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the inferred resource category.

This drill program forms part of the company's 2023 fully financed exploration program on its extensive and underexplored 350,000-hectare land package in the emerging White Gold district, Yukon, supported by strategic partners Agnico Eagle Mines Ltd. and Kinross Gold Corp.

"These results have significantly expanded the width of the near-surface gold zone at Betty Ford which remains open, and are once again amongst the highest-grade drill holes in the district and are in an area that has produced some of the most substantial deposits in the White Gold district. The 2023 drilling has also significantly improved our structural interpretation of the mineralization controls at this high-grade gold target to aid in future drill planning, and continues to demonstrate the expansiveness of gold mineralization in our underexplored district-scale exploration portfolio in a Tier 1 mining district," stated David D'Onofrio, chief executive officer.

Highlights:

• Exploration diamond drilling in 2023 was designed to further evaluate the zone of near-surface high-grade gold mineralization encountered in 2021 (BETFD21D003: 3.46 g/t Au over 50 m) and 2022 (BETFD22RC004: 8.94 g/t Au over 18.29 m), and also test for the presence of a mineralized buried porphyry at depth, as well as a possible feeder contact/structure for the gold mineralization.
• BETFD23D014 intersected 2.96 g/t Au over 46.5 m from 11.5 m depth, including a high-grade core of 5.03 g/t Au over 25 m from 30 m depth.
• BETFD23D014 increased the width of the high-grade gold zone by at least 50 per cent, remaining open for further expansion and intercepted the highest grades to date in the eastern portion of the zone.
• The high-grade mineralized oxide gold zone has now been traced for 175 m along strike, 75 m depth and up to 90 m in width to date, and is open for expansion with the breccia strike known to extend for at least 500 m which remains largely untested.
• Recent gold intersections within the sulphide domain also suggest the presence of gold-bearing structures beneath the high-grade oxide gold zone.
• Company management will be hosting a live virtual webinar today, Nov. 8, 2023, at 11 a.m. ET to provide further details of the 2023 results at the Betty Ford target, see details below.
• The company will be attending and presenting at the Yukon Geoscience Forum 2023, see details below.
• Additional results from the company's 2023 exploration program to be announced in due course.

Live webinar corporate update

Company management will be hosting a live virtual webinar to provide an overview of the Betty Ford target and 2023 results released to date and followed by a live interactive question-and-answer session. Interested parties are encouraged to register and attend.

Date: Nov. 8, 2023

Time: 11 a.m. ET/8 a.m. PT

Betty Ford target

The Betty property comprises 860 quartz claims which cover an area of 17,127 hectares and hosts several prospective exploration targets, including Betty Ford, Mascot (BETMAS22RC005: 1.14 g/t Au over 27.43 m; BETMAS22RC004: 1.24 g/t Au over 3.05 m, 1.48 g/t Au over 9.14 m and 4.13 g/t Au over 7.62 m), Betty White, Betty Grable and Betty Black. The property is transected by the Coffee Creek fault which exerts important structural controls on Newmont's Coffee gold deposit 40 km along strike to the west-northwest.

Gold mineralization at the Betty Ford target is hosted in a polylithic breccia unit along an east-west-striking splay structure located approximately 1.5 km south of and parallel to the Coffee Creek fault. The target, which forms an approximately one km long east-west-trending gold-in-soil anomaly with gold values ranging from trace up to 1,961 parts per billion Au, was initially RAB (rotary air blast) drill tested by the company in 2018 with hole BETFRDRAB18-002 intersecting near-surface gold mineralization averaging 1.08 g/t Au over 50.29 m from 4.57 m depth. During 2021 and 2022, the company completed 11 diamond drill holes totalling 2,297 m and two verse circulation holes totalling 201 m to further test the target along an approximately 250 m strike length. This drilling has continued to intersect a broad zone of near-surface gold mineralization within the polylithic breccia host unit that has returned 1.17 g/t Au over 48 m in hole BETFD21D001, 3.46 g/t Au over 50 m in BETFD21D003, 1.50 g/t Au over 55.15 m in BETFD22D007 and 8.94 g/t Au over 18.29 m in BETFD22RC004, including 21.73 g/t Au over 6.10 m. Thus far, mineralization has been traced for approximately 175 m along strike and to a vertical depth of 75 m. The zone remains open primarily to the east for a minimum of 100 m and further evaluation of the target is recommended. In the eastern region of Betty Ford, an approximately 95 m wide clast-supported breccia has been identified, which is interpreted to be more distal to the main gold-bearing portion of the breccia. Future drilling will be focused in this area to test for additional near-surface gold mineralization. Finally, a second, five to 10 m wide breccia unit also appears to be present approximately 30 to 50 m north of the main gold-bearing breccia. To date, this second breccia has only been intersected in the sulphide domain, with the potential for near-surface gold mineralization in the oxide domain remaining untested.

The 2023 diamond drilling program at the Betty Ford target comprised four holes totalling 1,165 m that was designed to test: 1) the presence of a mineralized buried porphyry at depth beneath the polylithic breccia unit; 2) a possible feeder contact/structure identified from VLF-EM (very low frequency electromagnetic) surveying; 3) a strong gold-in-soil anomaly in the area of an eastern gully and interpreted fault structure; and 4) controls on higher-grade gold mineralization such as that intersected in hole BETFD22RC004.

Betty Ford -- 2023 diamond drilling results and interpretation

Results for hole BETFD23D012 and partial results for BETFD23D013 were previously announced and provided in a company news release dated Sept. 7, 2023. Results for hole BETFD23D015 remain pending but are expected to be announced in the near future. Hole BETFD23D014 was drilled to test the eastern and southern extension of gold mineralization within the central polylithic breccia and to test for a possible fault which appears to offset the breccia further to the east dextrally. The hole collared in oxidized mineralized breccia, which then passed through a transitional zone to approximately 60 m in depth. The targeted fault was intersected at a depth of approximately 190 m. In the polylithic breccia, the hole intersected 2.96 g/t Au over 46.50 m from 11.50 m depth, which included a higher-grade subinterval of 5.03 g/t Au over 25 m. These results continue to demonstrate the high-grade potential of the breccia in the eastern portion of the central polylithic breccia, where, approximately 50 m to the west, hole BETFD21D003 intersected 3.46 g/t Au over 50 m. Most importantly, this hole has extended the host breccia unit to the south to a minimum of 75 m wide, where previous interpretations estimated the breccia in this area to be approximately 50 m wide.

Detailed petrographic studies and structural analysis suggest two separate controls on gold mineralization. Within the oxide and transitional domains, gold is hosted primarily within the matrix of the breccia and typically occurs along grain boundaries of pyrite and lesser sphalerite. Within the sulphide domain, at depths greater than approximately 75 m, gold mineralization may be hosted in discrete microfractures, suggesting a more significant structural component to gold mineralization within the breccia at depth. Various types of porphyry clasts are abundant within the breccia, along with the presence of at least two distinct in situ porphyry dikes which crosscut the breccia unit. Age dating of these dikes is currently under way to determine potential associations with the nearby Casino porphyry deposit. The current interpretation of Betty Ford suggests the breccia is part of a magmatic-hydrothermal breccia pipe or a diatreme-related pipe. Geochemical and hyperspectral studies on the core samples further suggest gold mineralization may have been deposited within a low-sulphidation epithermal environment. Both interpretations indicate the presence of an underlying porphyry.

Yukon Geoscience Forum 2023

The company will be presenting a corporate update and Betty Ford technical overview at the coming Yukon Geoscience Forum 2023. Management will also participate in a question-and-answer session for each presentation. Interested parties are encouraged to register and attend.

Website: Yukon Chamber of Mines website

Event dates: Nov. 19 to 22, 2023

Location: Kwanlin Dun Cultural Centre

Corporate presentation

Date and time: Nov. 19, 2023, at 11:20 a.m. PST

Presenter: Terry Brace, vice-president of exploration

Betty Ford technical presentation

Date and time: Nov. 22, 2023, at 11:30 a.m. PST

Presenter: Cameron Norton, exploration manager

Quality assurance/quality control

Analytical work for the 2023 diamond drilling program was performed by Bureau Veritas, an internationally recognized analytical services provider, at its South Vancouver, B.C., laboratory. Sample preparation was carried out at its Whitehorse, Yukon, facility. All diamond drill core samples were prepared using the PRP70-250 package, where samples were weighed, dried and crushed to greater than 70 per cent passing a two-millimetre sieve, then pulverized to greater than 85 per cent passing 75 microns. Core were then analyzed in accordance with BV's FA430 and MA250 packages, for both gold analysis by fire assay (30-gram fire assay with atomic absorption spectroscopy finish) and ultratrace multielement inductively coupled plasma analysis (0.25-gram, four-acid digestion and inductively coupled plasma mass spectrometry analysis).

The reported diamond drilling sampling program work was completed using industry-standard procedures, including a quality assurance/quality control program consisting of the insertion of standard, blank and duplicate samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates and blanks within each sample stream.

About White Gold Corp.

The company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000 hectares representing over 40 per cent 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 1,152,900 ounces of gold in indicated resources and 942,400 ounces of gold in inferred resources. 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 with indicated resources of 2.14 Moz at 1.23 g/t Au, and inferred resources of 230,000 oz at 1.01 g/t Au, and Western Copper and Gold's Casino project which has measured and indicated resources of 7.6 Blb Cu and 14.5 Moz Au and inferred resources of 3.3 Blb Cu and 6.6 Moz Au.

Qualified person

Mr. Brace, 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.

We seek Safe Harbor.