Mr. David D'Onofrio reports

WHITE GOLD CORP. INTERCEPTS 5.04 G/T AU OVER 20.85M IN WESTERN EXTENSION OF NEAR SURFACE HIGH-GRADE GOLD ZONE AND IDENTIFIES ADDITIONAL GOLD OCCURRENCES IN THE SULPHIDE DOMAIN AT BETTY FORD TARGET, WHITE GOLD DISTRICT, YUKON, CANADA

White Gold Corp. has released results for 2023 exploration diamond drilling at the Betty Ford target on the Betty property. Assay results for hole BETFD23D015 include 5.04 grams per tonne gold over 20.85 metres within the near-surface oxide domain from 18.65 m depth, including two higher-grade subintervals grading 13.34 g/t Au over 2.30 m and 11.47 g/t Au over 2.05 m. A zone of gold mineralization was also encountered deeper within the sulphide domain of the host breccia unit, grading 0.44 g/t Au over 28.55 m from 107.85 m depth and including a subinterval of 1.38 g/t Au over 6.15 m. The 2023 diamond drilling also encountered a second breccia unit approximately 30 to 50 m north of the main gold-bearing breccia, with the potential for near-surface gold mineralization in the oxide portion of this breccia remaining untested.

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 ounces 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 million ounces gold and 7.6 billion pounds copper and inferred resources of 6.3 million ounces gold and 3.1 billion pounds 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 in Yukon, supported by strategic partners Agnico Eagle Mines Ltd. and Kinross Gold Corp.

"We are very encouraged by the structural and geological setting of Betty Ford, along with the consistency of wide high-grade gold intersections. Results from the 2023 drilling, coupled with previously reported drilling since 2021, has progressively developed a better understanding of the geology and mineralization at the Betty Ford target. When interpreted alongside the broader regional geology of the property, the Betty Ford target and Betty property represent a high-priority target for generating future mineral resources within the evolving White Gold district," stated Cameron Norton, exploration manager.

Highlights:

• Hole BETFD23D015 intersected 5.04 g/t Au over 20.85 m from 18.65 m depth, including high-grade subintervals of 13.34 g/t Au over 2.3 m and 11.47 g/t Au over 2.05 m.
• BETFD23D015 also intersected a zone of gold mineralization deeper within the sulphide domain of the host breccia unit, grading 0.44 g/t Au over 28.55 m from 107.85 m depth and including a subinterval of 1.38 g/t Au over 6.15 m.
• BETFD23D015 was drilled primarily to help determine the character and controls on high-grade gold mineralization encountered in 2022 reverse circulation hole BETFD22RC004, which graded 8.94 g/t Au over 18.29 m. The gold zone in hole BETFD23D015 is most concentrated within a moderately oxidized and notably matrix-rich portion of the breccia; it appears that the increased concentration of matrix within the transitional weathering domain may be playing a role in controlling increased gold grades.
• Drilling in 2023 has increased the surface expression of the polylithic breccia host unit by 90 per cent in width in the western extension, with the gold-bearing portion of the breccia now appearing to be at least 95 m wide and the southern contact open for expansion at surface.
• Recent gold intersections in BETFD23D015, BETFD23D012 and BETFD22RC004 within the sulphide domain suggest the presence of gold-bearing structures at greater depths. BETFD23D015 encountered the broadest intersection of gold mineralization to date within the sulphide domain and highlights the additional largely untested deeper gold potential, which was newly encountered in 2023.
• A second breccia unit was encountered in previously drilled holes BETFD23D002 and BETFD23D014, approximately 30 to 50 m north of the main gold-bearing breccia and measures approximately 150 m in strike length, with the potential for near-surface gold mineralization in the oxide domain remaining untested.
• Diamond drilling in 2023 consisted of four holes totalling 1,165 m 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.
• The Betty property hosts several additional prospective targets in close proximity to Betty Ford, which remain largely untested.
• Additional results from the company's 2023 exploration program will be announced in due course.
• The company will be attending and presenting at the Yukon Geoscience Forum 2023, see details herein.

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 & 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 1 km long east-west trending gold-in-soil anomaly with gold values ranging from trace up to 1,961 ppb Au, was initially RAB 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 2 RC 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 48.00 m in hole BETFD21D001, 3.46 g/t Au over 50.0 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 95m 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 along the main breccia, with an interpreted strike length of 500 m which remains open for expansion. Finally, a second, 5-10m wide breccia unit measuring at least 150 m in strike also appears to be present approximately 30-50 m north of the main gold bearing breccia, remaining open. 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 4 holes totaling 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 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 & Interpretation

Assay highlights for the 2023 Betty Ford diamond drilling program are summarized below in Table 1. Results for holes BETFD23D012 and hole D013 were announced previously on September 7, 2023, and results for hole 014 were announced on November 8, 2023. The lower portion of hole 013 (364 m to 503 m), which was testing for a potential mineralized buried porphyry at depth, did not return significant gold values.

Hole BETFD23D015 was drilled to test the character and controls of the high-grade gold mineralization (8.94 g/t Au over 18.29 m) previously intersected in reverse circulation hole BETFD22RC004, which was the highest-grade mineralization previously intersected at the target, and which also finished in mineralization with the last sample of the hole returning 1.00 g/t Au over 1.54 m at a depth of 100.58 m. Hole BETFD23D015 was drilled 20 m northwest of BETFD22RC004 and was designed to closely undercut the high-grade intersection to characterize the mineralization and extend the breccia to the southwest. The hole collared in metasediments and then entered a moderately oxidized polylithic breccia, which passed downwards into a transition zone to 53.34 m depth. Within this oxide and transitional polylithic breccia domain, the hole intersected 5.04 g/t Au over 20.85 m from 18.65 m depth. The hole then entered a thick region of sulphide domain polylithic breccia, intersecting 0.44 g/t Au over 28.55 m, with a subinterval of 1.38 g/t Au over 6.15 m. This intersection in the sulphide domain represents the broadest intersection of gold mineralization encountered to date in this lower sulphide domain and highlights the additional largely untested deeper potential of the breccia. A fault truncated the breccia at a depth of 143.3 m, after which metasediments were intersected to the end of the hole at 248.75 m. The primary intersection within the oxide and transitional domain of the polylithic breccia appears to be associated with an increase in matrix concentration. This is supported by thin section analysis, where gold at least in part appears to be hosted directly within the matrix of the breccia.

Correlating the deeper sulphide domain gold intersections in hole BETFD23D015, BETFD23D012 and BETFD22RC004 suggest the presence of a NW-SE oriented gold bearing structure, which is largely untested. The true width of this structure remains unknown.

Current Understanding and Next Steps

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 breccia is bounded by metasedimentary rocks to the north and south, and drilling to date indicates significant gold mineralization is confined to the breccia. 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 the 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 matrix, along with the presence of at least two distinct in situ porphyry dykes which cross cut the breccia unit. Age dating of these dykes is currently underway to determine potential associations with the nearby Casino 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.

Drilling to date has been carried out over an approximately 500 m strike length, and significant near-surface gold has been traced for 175 m along strike and vertically to 75 m, with several occurrences of gold also encountered at greater depths in the sulphide domain, which remains open. Future diamond drilling will consist of a series of holes drilled systematically along and across the breccia body which will be designed to test the extent and grade of the main gold zone. The gold bearing sulphide domain also remains largely untested. The Betty property also hosts several additional untested prospective targets which have seen minimal previous exploration and no diamond drilling.

Yukon Geoscience Forum 2023

The company will be presenting a corporate update and Betty Ford technical overview at the upcoming Yukon Geoscience Forum 2023. Management will also participate in a Q&A session for each presentation. Interested parties are encouraged to register and attend. Website: https://yukonminers.org/geoscience/

Event Dates: November 19th to 22nd, 2023

Location: Kwanlin Dun Cultural Centre Corporate Presentation

Date & Time: November 19, 2023 at 11:20am PST

Presenter: Terry Brace, VP of Exploration Betty Ford Technical Presentation:

Date & Time: November 22, 2023 at 11:30am PST

Presenter: Cameron Norton, Exploration Manager

QA/QC

Analytical work for the 2023 diamond drilling program was performed by Bureau Veritas, an internationally recognized analytical services provider, at its South Vancouver, British Columbia 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% passing a 2mm sieve, then pulverized to greater than 85% passing 75 microns. Samples were then analyzed in accordance with BV's FA430 and MA250 packages, for both gold analysis by fire assay (30g fire assay with AAS finish) and ultra-trace multi-element ICP analysis (0.25 g, 4 acid digestion and ICP-MS analysis).

The reported diamond drilling sampling program work was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") 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% 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( 1). 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 Corporation with Indicated Resources of 2.14 Moz at 1.23 g/t Au, and Inferred Resources of 0.23 Moz at 1.01 g/t Au( 2 ), and Western Copper and Gold Corporation'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( 3 ). For more information visit www.whitegoldcorp.ca. (1) See White Gold Corp. technical report titled "2023 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada ", Effective Date April 15, 2023, Report Date May 30, 2023, NI 43-101 Compliant Technical Report prepared by Dr. Gilles Arseneau, P.Geo., available on SEDAR+.

(2) See Newmont Corporation 10-K: Annual report for the year ending December 31, 2022, in the Measured, Indicated, and Inferred Resources section, dated February 23, 2023, available on EDGAR. Reserves and resources disclosed in this Form 10-K have been prepared in accordance with the Regulation S-K 1300, and do not indicate NI43-101 compliance.

(3) See Western Copper and Gold Corporation technical report titled "Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada", Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.

Qualified Person

Terry Brace, P.Geo. and Vice President of Exploration for the company is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.

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