Mr. David D'Onofrio reports

WHITE GOLD CORP. ANNOUNCES UPSIZE TO PRIVATE PLACEMENT

White Gold Corp., further to the previously non-announced non-brokered private placement (see company news release dated Dec. 5, 2024, on SEDAR+), intends to increase the size of its previously announced non-brokered private placement from $4.5-million up to approximately $5.25-million.

"We are very grateful for the strong interest and support of our exciting and impactful exploration activities in the White Gold district," stated David D'Onofrio, chief executive officer.

In connection with the offering, the company may pay to eligible finders a fee equal to 7.0 per cent of the gross proceeds raised by the company from the sale of offered shares to subscribers directly introduced to the company by such finders. In addition, the company may issue to eligible finders non-transferable warrants equal to 7.0 per cent of the number of offered shares sold in the offering to subscribers directly introduced to the company by such eligible finders. Each finder's warrant will entitle the holder to acquire one common share at a price of 22 cents per common share for a period of 36 months from the date of issuance.

Closing of the first tranche of the offering is expected to occur on or about Dec. 20, 2024, and is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange.

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 Yukon's emerging White Gold district. The company's flagship White Gold project hosts four near-surface gold deposits, which collectively contain an estimated 1,203,000 ounces of gold in indicated resources and 1,116,600 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 Corp., with measured and indicated Resources of 2.1 million ounces (oz) at 1.28 grams per tonne (g/t) gold and inferred resources of 200,000 oz at 1.04 g/t gold (2), and Western Copper and Gold Corp.'s Casino project, which has measured and indicated resources of 7.6 billion pounds (lb) copper and 14.5 million oz gold, and inferred resources of 3.3 billion lb copper and 6.6 million oz gold (3).

(1) See White Gold's news release dated Nov. 19, 2024, available on SEDAR+.

(2) See Newmont's Form 10-K annual report for the year ending Dec. 31, 2023, in the measured, indicated and inferred resources section, dated Feb. 29, 2024, 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 National Instrument 43-101 compliance.

(3) See Western Copper's technical report, titled, "Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon, Canada," with an effective date of June 13, 2022, and an issue date of Aug. 8, 2022. The NI 43-101-compliant technical report, prepared by Daniel Roth, PE, PEng, Mike Hester, FAusIMM, John M. Marek, PE, Laurie M. Tahija, MMSA-QP, Carl Schulze, PGeo, Daniel Friedman, PEng, and Scott Weston, PGeo, is available on SEDAR+.

We seek Safe Harbor.