18:18:09 EDT Tue 12 May 2026
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White Gold Corp
Symbol WGO
Shares Issued 221,548,194
Close 2026-05-12 C$ 2.26
Market Cap C$ 500,698,918
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White Gold appoints Smit as technical adviser

2026-05-12 17:10 ET - News Release

Mr. David D'Onofrio reports

WHITE GOLD CORP APPOINTS HANS SMIT AS TECHNICAL ADVISOR

Hans Smit, PGeo, has agreed to join the White Gold Corp. team as a technical adviser. Mr. Smit will provide strategic technical guidance in support of the company's continuing resource expansion and economic evaluation activities including the preparation of a maiden preliminary economic assessment (PEA) on its flagship White gold project, located in west-central Yukon, Canada.

"We are very pleased to welcome Hans to the White Gold team," said David D'Onofrio, chief executive officer of White Gold. "Hans is a highly accomplished professional who brings over 40 years of experience across all aspects of the mineral industry, from grassroots exploration through feasibility, permitting and development. His track record of successfully advancing gold projects in Canada, including the Yukon, as well as internationally, makes him an ideal addition to our team as we advance the White gold project through its maiden PEA and beyond, and continue to demonstrate the potential of our district-scale land package in the emerging White gold district."

"White Gold is a premier gold project in a first-tier jurisdiction," said Mr. Smit. "The project's success to date is a reflection of the talent and dedication of the team in place. I look forward to working with the team as they evaluate the economic, environmental and social aspects related to potential development of the current mineral resource and continue exploration for additional gold ounces. In my experience in the mineral exploration industry, it is clear that good projects combined with good people is the key to success."

About Hans Smit, PGeo

Mr. Smit is a professional geologist with over 40 years of experience in all aspects of the mineral industry. Career successes include being one of the founders of Orla Mining Ltd. (Toronto Stock Exchange: OLA, New York Stock Exchange: ORLA) and guiding the evaluation of the Camino Rojo oxide gold project in Zacatecas state, Mexico, as Orla's former chief operating officer. After managing a positive feasibility study, permitting, and the start of construction engineering and procurement for an open pit mine and heap leach facility at Camino Rojo, Mr. Smit retired as COO of Orla in December of 2019. The Camino Rojo project was built on time and capital costs were in line with feasibility projections.

From January, 2022, through December, 2023, Mr. Smit was president and chief executive officer of Gold Candle Ltd., a private company evaluating the large Kerr-Addison gold project in Eastern Ontario. During his tenure at Gold Candle, Mr. Smit initiated detailed geological, engineering, environmental and economic evaluations of the project, in addition to overseeing a significant exploration program. One of the exploration successes during this time was the discovery of the high-grade Geminid nickel deposit.

As vice-president, exploration, for Grayd Resource Corp., Mr. Smit was one of the key people who brought the La India heap-leach gold project in Mexico from grassroots exploration stage to an advanced project. Agnico Eagle Mines Ltd. (TSX: AEM, NYSE: AEM) acquired Grayd and brought La India into production, using a mine and production plan based on the work he led.

Mr. Smit also guided exploration, feasibility and permitting work on other Canadian gold projects including the original feasibility study at Dublin Gulch in the Yukon.

Mr. Smit retired from full-time employment in 2024 but has continued to be active as a strategic advisor to a select group of mineral exploration and development companies.

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 the 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 Mt (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 0.80 million 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 Au, 0.14 per cent Cu 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, 0.10 per cent Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper.

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