Mr. David D'Onofrio reports

WHITE GOLD CORP. APPOINTS DONOVAN POLLITT AS PRESIDENT AND DIRECTOR

White Gold Corp. has appointed Donovan Pollitt, PEng, CFA, as president and as a director of the company, effective May 6, 2026. Mr. Pollitt, who joined the company as a strategic adviser in February, 2026, will assume this expanded executive role as White Gold endeavours to advance its flagship White Gold project in Yukon, Canada, through continued resource expansion, completing a maiden preliminary economic assessment, advancing the permitting process toward production and continuing to make more discoveries demonstrating the vast potential of the company's district-scale property package in Yukon's prolific White Gold district. Mr. Pollitt's appointment as president further demonstrates the company's ability to attract top talent to achieve its ambitious goals.

"We are thrilled to have Donovan join White Gold as we head into this exciting phase of the company's growth. Donovan is a highly respected and seasoned mining executive with over 20 years of experience in mining operations, executive management, corporate development and capital markets activities. His diverse technical skill set and relationships within the industry makes Donovan the ideal addition to our team. We look forward to leveraging his operational expertise and strategic vision as we continue to grow our uniquely high-grade gold resource, advance technical studies, conduct the baseline work required to support future production and continue to unlock the vast potential of the White Gold district," said David D'Onofrio, chief executive officer of White Gold.

"I am pleased to take on the role of president at White Gold Corp. as the company works through what I see as pivotal period in its development," said Mr. Pollitt, president of White Gold. "White Gold's flagship deposit is one of the highest-grade undeveloped open-pit gold deposits in Canada, sitting within a 305,000-hectare district-scale land package that remains extensively underexplored. Our near-term focus is straightforward: growing the resource through the drill bit, completing a PEA that gives the market a clearer sense of the project's economics, and advancing the environmental baseline studies that are a necessary precursor to any future permitting and production decision. I am also excited to be working alongside Dylan Langille, our VP, exploration, whose track record of discovery at Great Bear Resources -- one of Canada's most celebrated recent exploration success stories -- speaks for itself. The macroenvironment for gold is supportive, federal infrastructure investment in Canada's north is building and the broader White Gold district is attracting increasing attention. There is a lot of work ahead, and I look forward to contributing alongside David, Shawn Ryan, Dylan and the rest of the team."

Mr. Pollitt holds a bachelor of applied science in mining engineering from the University of Toronto and an MBA from the MIT Sloan School of Management, holds a professional engineer designation in Ontario, and is a CFA charterholder. Most recently, prior to joining White Gold, Mr. Pollitt served as president of Pollitt Mining Inc., a management consultancy firm providing services to mining companies ranging from mine production optimization to capital market strategy, as well as advisory services to buy-side institutional investors and private equity groups. Previously, Mr. Pollitt served as president and chief executive officer of Wesdome Gold Mines Ltd., a Toronto Stock Exchange-listed Canadian gold producer. During his approximately 10-year tenure at Wesdome, Mr. Pollitt was responsible for mine permitting, the operation of three gold mines and raising significant amounts of capital. Prior to his role as president and chief executive officer, he served as vice-president, corporate development, at Wesdome.

The company's flagship White Gold project currently hosts an indicated resource of 1,732,300 ounces of gold (35.2 million tonnes grading 1.53 grams per tonne gold) and an inferred resource of 1,265,900 ounces of gold (32.2 million tonnes grading 1.22 g/t Au. The gold resources at the White Gold project are near surface, almost entirely captured within open pits, and remain open for expansion in multiple directions with additional exploration opportunities to increase total resources through numerous targets within close proximity. The company's 2026 exploration program will focus on meaningful resource expansion drilling and new gold and critical mineral discoveries across its district-scale land package, with additional details to be announced in the near future.

Near-term company milestones

As president, Mr. Pollitt will lead the company in delivering several significant near-term milestones, including:

• Execution of the company's 2026 exploration program -- the largest in White Gold's history;
• Delivery of a maiden preliminary economic assessment on the flagship White Gold project, expected in the first half of 2026, which will provide an initial economic framework for the project;
• Advancement of environmental baseline studies necessary to support any future permitting and production decision;
• Spinout of significant critical mineral assets (see company press release dated Feb. 11, 2026) designed to unlock the value of White Gold's non-gold project portfolio by transferring its portfolio of copper, molybdenum, tungsten and other critical mineral properties located in west-central Yukon into a dedicated, stand-alone vehicle with shares to be distributed to shareholders; additional details to be released in due course.

Other matters

The company also announces that a total of 700,000 options to purchase common shares of the company have been granted to directors and employees at an exercise price of $1.85 per share, expiring on April 22, 2031.

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 resource estimate of 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 Oct. 6, 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 owned by Fuerte Metals with measured and indicated resources of 80.0.2 million tonnes grading 1.15 g/t Au for 2.96 million ounces of gold, and inferred resources of 21.2 Mt grading 1.17 g/t Au for 800,000 ounces gold, and Western Copper and Gold Corp.'s Casino project, which has measured and indicated resources of 2,490.7 Mt grading 0.18 g/t gold and 0.14 per cent copper for 14.8 million ounces of gold and 7.6 billion pounds of copper, and inferred resources of 1,412.5 Mt grading 0.14 g/t Au and 0.10 per cent Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper.

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