Mr. Sandeep Singh reports

WESTERN COPPER AND GOLD ANNOUNCES RIO TINTO EXERCISE OF THEIR ANTI DILUTION RIGHT

Western Copper and Gold Corp. has completed a private placement with Rio Tinto Canada Inc. pursuant to Rio Tinto's subscription rights as a result of the company's recent private placement with the incoming chief executive officer.

Rio Tinto acquired 239,528 common shares of the company at a price of $1.35 per share for proceeds of $323,363, allowing Rio Tinto to maintain its interest of approximately 9.7 per cent.

About Western Copper and Gold Corp.

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

The company is committed to working collaboratively with its first nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.