Mr. David D'Onofrio reports

WHITE GOLD CORP. ENCOUNTERS HIGHEST GOLD VALUES TO DATE AND DOUBLES STRIKE LENGTH OF THE NEWLY DISCOVERED GOLD-IN-SOIL ANOMALY TO 2.2 KM ON THE QV PROPERTY AND PREPARES FOR MAIDEN DIAMOND DRILL PROGRAM

White Gold Corp.'s infill and extension soil sampling has refined and extended the newly discovered gold-in-soil anomaly on its QV property to 2.2 kilometres along strike. The soil anomaly is located approximately nine kilometres northwest of the VG deposit and appears to be similar in character to the VG and Golden Saddle deposits, which form part of the company's flagship White Gold project. The White Gold project is located in west-central Yukon, Canada, and comprises 16 million tonnes averaging 2.23 grams per tonne gold 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. These new results form part of the company's 2024 exploration program on its extensive and underexplored land package in the emerging White Gold district, Yukon, supported by strategic partners including Agnico Eagle Mines Ltd. and Kinross Gold Corp.

"We are quite encouraged by these latest results from this newly discovered target. Our early-season soil sampling program has considerably extended the strike length of the target by over one km to 2.2 km and provided even greater continuity of high gold values. Furthermore, the size, tenor, geochemical and geomagnetic characteristics of this target are also similar to our flagship Golden Saddle and VG deposits, and represents exciting expansion potential with a maiden diamond drill program set to commence in the coming weeks," stated David D'Onofrio, chief executive officer.

Shawn Ryan, co-founder and chief technical adviser, stated: "This newly discovered soil anomaly on the QV property is an interesting grassroots discovery for the company as it reminds me of the anomaly that led to the discovery of the Golden Saddle and QV deposits, which are close by and share a lot of similarities. Soil sampling followed by our systematic evaluation has proven very effective in our district, and we are looking forward to drilling this new target."

Highlights:

• A 2024 soil survey consisted of 787 samples.
• The surface expression of the gold-in-soil anomaly strikes east-northeast, measures 350 metres wide by 2.2 kilometres long, and is open along strike to the west and east.
• Gold values range from less than 0.5 part per billion gold to a maximum of 600 ppb Au, with 29 samples returning greater than 80 ppb Au (approximately 99th percentile) in the range of 82.3 to 600 ppb Au.
• The gold anomaly is associated with anomalous tellurium and low arsenic in soils, which represent a geochemical signature similar to the VG and Golden Saddle deposits, which both form part of the company's flagship White Gold project.
• Magnetic and lidar data reveal that the newly identified soil anomaly is hosted within a similar structural environment as the VG and Golden Saddle deposits.
• Two-dimensional inversions of recently completed very-low-frequency/electromagnetic survey lines indicate the gold-in-soil anomaly is associated with a moderately north-dipping hangingwall-footwall contact zone.
• A maiden diamond drill program is currently being planned and expected to commence in the coming days.

2024 soil sampling program

The 2024 soil survey consisted of 787 samples, which included both infill and extension samples. The purpose of this year's sampling was to provide better resolution over the main portion of the anomaly, which was identified in 2023, and to extend the anomaly along strike to the west and east. Infill soil samples are spaced at 25-metre-on-50-metre-spaced survey lines, and extension samples are spaced at 50-metre-on-100-metre-spaced survey lines. The company has collected approximately 1,000 soil samples over the past two field seasons in defining this new target. Gold values range from less than 0.5 ppb Au to a maximum of 600 ppb Au, with 29 samples returning greater than 80 ppb Au (approximately 99th percentile) in the range of 82.3 to 600 ppb Au. The anomaly also has associated anomalous tellurium. Arsenic-in-soil values are low, and over all, the signature appears to be similar to the VG and Golden Saddle deposits suggesting a similar style of mineralization. The surface expression of the gold-in-soil anomaly strikes east-northeast, measures 350 m wide by 2.2 km long, and is open along strike to the west and east toward the previously known Korat Diego anomaly.

Magnetic data reveal that the newly identified soil anomaly is situated near a mafic belt with a north/northwest-south/southeast orientation, similar to the structural context of the VG, Golden Saddle and Ryan's Surprise deposits located along strike approximately nine to 19 km to the southeast and south-southeast. The highly magnetic mafic belts are observed to occupy the hangingwall of east- to east/northeast-dipping, district-scale thrust faults, with gold mineralization at the VG, Golden Saddle and Ryan's Surprise deposits occurring where intersected by significant northeast- or northwest-trending faults. At the newly identified soil anomaly, anomalous gold is localized at a fault intersection of a similar structural and magnetic pattern to those of the mentioned deposits, and is associated with a semi-circular magnetic high approximately one km in diameter.

Two-dimensional inversions of recently completed VLF-EM survey lines over the target indicate the gold-in-soil anomaly is associated with a moderately north-dipping hangingwall-footwall contact zone.

The company is currently planning a maiden diamond drill program on the target, which will consist of a minimum of 1,200 m of drilling that will test up to 800 m of strike length.

About the QV property

The QV property comprises 1,003 quartz claims, which cover an area of 19,671 hectares, and hosts the VG deposit, which hosts an open-pittable inferred resource of 287,100 ounces gold at 1.53 grams per tonne, and forms part of the company's flagship White Gold project. The mineralization is hosted along a northeast-trending, gently south-dipping structural zone that has been traced for over 700 m at surface and consists of disseminated to vein-controlled pyrite with brecciation, stockwork quartz-carbonate veining and sericite alteration. The VG shares strong similarities to the Golden Saddle deposit located 11 km south of the VG deposit on the White Gold property both in structural setting, as well as mineralization style, and is open along strike and at depth. The property also hosts several other prospective targets, which have received limited exploration work and offer potential for additional discoveries.

Soil sampling methods and analysis

The 2024 QV property soil geochemistry survey was contracted to GroundTruth Exploration Inc. of Dawson City, Yukon. Field technicians navigated to preplanned sample sites using hand-held GPS units and collected C-horizon soil samples using an Eijklcamp brand hand auger at a depth of between 20 and 110 centimetres. Typically, 400 to 500 grams of soil is placed in a prelabelled bag, and a field duplicate sample is taken once every 25 samples. The GPS location of the sample site is recorded with the GPS unit, and the waypoint location is labelled with the project name and the sample identification number. A weather-proof hand-held device equipped with a barcode scanner is used in the field to record the descriptive attributes of the sample collected, including sample identification number, soil colour, soil horizon, slope, sample depth, ground and tree vegetation, sample quality, and any other relevant information.

Analytical work for the 2024 soil geochemistry surveys was carried out at Bureau Veritas Canada, with preparation completed at its Whitehorse, Yukon, facility and analysis at its hub laboratory located in Vancouver, B.C. All soil samples were assayed for gold and a 37 multielement suite using 0.25-gram aqua-regia digestion and ICP-MS analysis (code AQ201). BV is an ISO 9001:2008 accredited facility, certificate No. FM63007.

About White Gold Corp.

The company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,000 hectares (3,150 square kilometres) representing approximately 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 Corp. with measured and indicated resources of 2.1 million ounces at 1.28 g/t gold and inferred resources of 200,000 ounces at 1.04 g/t gold, and Western Copper and Gold Corp.'s Casino project, which has measured and indicated resources of 7.6 billion pounds copper and 14.5 Moz gold and inferred resources of 3.3 billion pounds copper and 6.6 Moz gold.

Qualified person

Terry 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.

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