Dr. Paul West-Sells reports

WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF FURTHER INVESTMENT AND ENTRY INTO A NEW INVESTOR RIGHTS AGREEMENT WITH RIO TINTO

Western Copper and Gold Corp. has completed its previously announced $6-million further investment by Rio Tinto Canada Inc. to continue to advance the company's Casino project in Yukon.

Rio Tinto acquired 3,468,208 common shares at a price of $1.73 per share for aggregate gross proceeds of approximately $6-million, resulting in Rio Tinto's ownership increasing to approximately 9.7 per cent of Western's outstanding common shares.

About Western Copper and Gold Corp.

Western Copper and Gold is developing the Casino project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.