Mr. David D'Onofrio reports

WHITE GOLD CORP. ANNOUNCES $20 MILLION PRIVATE PLACEMENT

White Gold Corp. has entered into an agreement with Clarus Securities Inc., which will act on behalf of the company, together with a syndicate of agents, on a best-effort agency basis, in connection with a brokered private placement of premium flow-through units at a price of $1.17 per premium flow-through unit, flow-through common shares at a price of $1 per flow-through share and units of the company at a price of 85 cents per unit. Each unit shall consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at a price of $1.15 for a period of 24 months following the closing date of the offering. Each premium flow-through unit shall consist of one flow-through share and one-half of one warrant. The flow-through shares to be issued pursuant to the offering will be issued as flow-through shares with respect to Canadian exploration expenses within the meaning of the Income Tax Act (Canada). The agents will have an option, exercisable in whole or in part, up to 48 hours prior to the closing date (as defined herein), to offer for sale up to any combination of additional offered securities (at the respective offering prices) to raise up to an additional $3-million in gross proceeds.

Pursuant to an existing investor rights agreement between the company and Agnico Eagle Mines Ltd., Agnico has the right to participate in the offering in order to maintain its pro rata interest in the company and has indicated to the company that it intends to maintain its approximately 19.8-per-cent interest in the company on a partially diluted basis.

White Gold owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 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 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the company's news release dated Aug. 21, 2025), with significant expansion potential on the resource itself and in the immediately surrounding area. Regional exploration work has also produced several other new discoveries and prospective targets on the company's claim packages, some of which border sizable gold and copper projects, including the Coffee project owned by Newmont Corp., which Newmont has entered into an agreement to sell to Fuerte Metals Corp., with measured and indicated resources of 80 million tonnes grading 1.15 g/t Au for 3.0 million ounces of gold, and Western Copper and Gold Corp.'s Casino project, which has measured and indicated resources of 2,490.7 million tonnes grading 0.18 g/t Au and 0.14 per cent Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper and inferred resources of 1.4 million tonnes grading 0.14 g/t Au and 0.14 per cent Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper.

"We are very appreciative of the interest and support from new and existing shareholders for our exploration activities to advance our White Gold project, which has grown into a leading large-scale, high-grade, open-pittable gold deposit in a Tier 1 jurisdiction in Canada. We look forward to further increasing the scale of the project as we concurrently advance it to a PEA [preliminary economic assessment] to demonstrate its economic potential. Our exploration activities will also continue focus on unlocking additional value across our extensive land package targeting gold and critical mineral opportunities in the prolific and underexplored White gold district, which has recently drawn additional interest along with other areas of the Yukon," stated David D'Onofrio, chief executive officer.

The gross proceeds from the sale of the premium flow-through units and the flow-through shares will be used by the company to incur exploration expenditures on its properties in the White Gold district of Yukon prior to Dec. 31, 2026. The qualifying expenditures will be renounced to subscribers of premium flow-through units and flow-through shares for the fiscal year ending Dec. 31, 2025. The gross proceeds from the sale of the units are expected to be used for general corporate expenses.

This proposed offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.

The offered securities to be issued under the offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the offering is anticipated to occur on or about Oct. 9, 2025, or such other date as may be agreed to by the company and Clarus.

Participation by Agnico and any other insiders of the company in the offering will be considered a related party transaction pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company will be exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the insiders' participation in the offering in reliance of sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the participation of insiders in the offering less than 21 days in advance of the closing of the offering, which the company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the offering in an expeditious manner.

About White Gold Corp.

The company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 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 1,732,300 ounces of gold in indicated resources and 1,265,900 ounces of gold in inferred resources (see the company's news release dated Aug. 21, 2025). 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, with measured and indicated resources of 80.0 million tonnes grading 1.15 g/t Au for 2.96 million ounces of gold and inferred resources of 21.2 million tonnes grading 1.17 g/t Au for 800,000 million ounces gold, and Western Copper and Gold's Casino project, which has measured and indicated resources of 2,490.7 million tonnes grading 0.18 g/t Au and 0.14 per cent Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper and inferred resources of 1.4 million tonnes grading 0.14 g/t Au and 0.14 per cent Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper.

Qualified person

Steven Walsh, PGeo, senior exploration geologist 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.

We seek Safe Harbor.