Dr. Paul West-Sells reports

WESTERN COPPER AND GOLD ANNOUNCES STRATEGIC INVESTMENT BY MICHAEL VITTON

Western Copper and Gold Corp. strategic investor Michael Vitton has agreed to purchase three million units at a price of 65 cents per unit to raise gross proceeds of up to $1.95-million on a private placement basis.

Each unit will consist of one common share of the company and half of one non-transferable warrant. Each warrant will entitle the holder to purchase one additional share at a price of 85 cents for a period of 60 months from closing.

Western plans to close the private placement as soon as practicable subject to receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

The company intends to use the proceeds from the private placement for development of the Casino project and for general corporate purposes.

About Mr. Vitton

Mr. Vitton is the former executive managing director, head, U.S. equity sales, Bank of Montreal Capital Markets, where he originated and placed more than $200-billion (U.S.) through public and secondary offerings and merger and acquisition transactions.

Mr. Vitton, has acted as seed investor, lead/co-lead underwriter or in a M&A capacity in some of the most important deals in the metal resource sector, including African Platinum Ltd., Arequipa Resources Ltd., Bema Gold Corp., Brancotte Resources, Comaplex Minerals Corp., Diamond Fields Resources Inc., Echo Bay Mines Ltd., Francisco Gold Corp., Franco-Nevada Corp., Gammon Gold Inc., Getchell Gold Corp., Golden Shamrock Mines Ltd., Guinor Resources Ltd., Hemlo Gold Mines Inc., Ivanhoe Mines Ltd., Meridian Gold Inc., MexGold Resources Inc., Minefinders Corporation Ltd., Moto Goldmines Ltd., New Gold Inc., Northern Orion Resources Inc., Peru Copper Inc., Wheaton River Minerals Ltd., Randgold Resources Ltd., Rio Narcea Gold Mines Ltd., Skye Resources Inc., Semafo Inc., Sino Gold Mining Ltd., Eurasia Mining PLC, Uramin Inc., Osisko Mining Inc. and Detour Gold Corp., among many others.

Mr. Vitton was also the co-founder of MMX Minerals e Metalicos SA (Brazil) and LLX Logistica SA (Brazil). MMX sold Minas Rio and Amapa assets to Anglo American Corp. for $5.5-billion (U.S.) in cash in December, 2008, returning $8.8-billion (U.S.) in cash or stock distributions to MMX shareholders, offering six times return from the initial public offering after only two years. LLX Logistica (Acu Port) was sold to EIG (Energy Infrastructure Group). Additionally, he co-founded Petro Rio SA, one of the leading Brazilian public oil and gas producers, commanding today a market capitalization of $1.5-billion (U.S.).

Recently, Mr. Vitton has acted as seed investor and capital markets adviser from inception to Newmarket Gold Inc., sold to Kirkland Lake Gold Ltd. for $1-billion (Canadian), combining to form a $2.4-billion (Canadian) company. Kirkland Lake Gold Ltd. was awarded 2018 Digger of the Year (Diggers and Dealers). He acted as investor and capital markets advisor to Australian Stock Exchange-listed Gold Road Resources Ltd., raising $57-million (Australian), and bringing the Gruyere gold mine into production jointly with Gold Fields SA. Gold Road Resources Ltd. won the Diggers and Dealers award for best deal in 2017. Mr. Vitton is partner and member of P5 Infrastructure, operating in partnership with EQT Infrastructure/CMA CGM, where EQT Infrastructure/P5 Infrastructure acquired 90 per cent of Global Gateway South Terminal, a deep-sea terminal in Long Beach Harbor, Calif.

Mr. Vitton is a graduate of the University of Michigan Business School, former seat holder, New York Stock Exchange, and former president, New York Society of Metals Analysts. He has invested and partnered with some of the largest sovereign fund, private equity funds, mutual and hedge funds. Mr. Vitton is focused on the energy, infrastructure, industrial and mining sectors.

About Western Copper and Gold Corp.

Western Copper is developing the Casino project, a copper-gold mine in Yukon.

We seek Safe Harbor.