Mr. David D'Onofrio reports

WHITE GOLD CORP. CLOSES SECOND AND FINAL TRANCHE OF $5.25M UPSIZED PRIVATE PLACEMENT

White Gold Corp. has closed the second and final tranche of a non-brokered private placement, previously announced on Dec. 5, 2024, for aggregate gross proceeds of approximately $250,000, consisting of the sale of 1,136,364 hard-dollar shares at a price of 22 cents per share. Combined with the closing of the first tranche of the offering, completed on Dec. 23, 2024, the offering raised total gross proceeds of $5.25-million (see the company's news release dated Dec. 23, 2024).

"We are very grateful for the strong support and interest in this upsized financing to fully fund an impactful 2025 exploration program on our district-scale gold and critical-mineral property portfolio with a unique mix of significant defined gold resources with extensive prospectivity for growth and greenfield opportunities in a prolific and underexplored area of a Tier 1 jurisdiction in Canada," stated David D'Onofrio, chief executive officer.

Pursuant to an investor rights agreement between the company and Agnico Eagle Mines Ltd. dated Dec. 13, 2016, Agnico acquired the 1,136,364 hard-dollar shares pursuant to the offering and holds an 18.3-per-cent ownership interest in the company on a partially diluted basis following the completion of the offering.

All securities issued pursuant to the offering are subject to a statutory four-month-and-one-day hold period, in accordance with applicable Canadian securities laws.

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 1,203,000 ounces of gold in indicated resources and 1,116,600 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 that 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 grams per tonne 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 million ounces gold as well as inferred resources of 3.3 billion pounds copper and 6.6 million ounces gold.

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