Mr. David D'Onofrio reports

WHITE GOLD CORP. DISCOVERS MULTIPLE HIGH-PRIORITY TARGETS

White Gold Corp.'s 2017 regional exploration program has led to the discovery of multiple high-priority drill targets and further validation of previously discovered high-priority targets. The discoveries were generated using the company's innovative, tactical and efficient exploration methodologies including aerial drone surveying, soil sampling, magnetic and electromagnetic surveys, and utilization of the GT probe. The new targets will be followed up with drill testing along with other high-priority targets during the 2018 field season. A detailed 2018 exploration plan will be released in the coming weeks.

Highlights include:

• Betty property (Coffee Trend East area): Airborne DIGHEM survey confirmed that the property, which hosts soil assay results ranging from trace to 7,288 parts per billion gold, is situated along the extension of Coffee Creek Fault from Goldcorp Inc.'s Coffee property which has been disclosed by Goldcorp Inc. to contain a total gold resource of 4.1 million ounces Au including proven and probable reserves of 2.2 million ounces Au.
• Hayes property (Coffee Trend East area): Soil sampling defined three new gold-arsenic soil anomalies along the eastern projection of the Coffee Creek Fault exhibiting similar mineralization to the Coffee deposit with values ranging from trace to 330 ppb Au.
• Wolf property (Coffee Trend West area): A GT probeline encountered consistent gold mineralization in 20 consecutive samples spaced five metres apart extending 95 m. Samples ranged from 94 ppb Au to 1,224 ppb Au with an average of 226 ppb Au.
• Pedlar property (White-Stewart area): Soil sampling identified a 3.5-kilometre-by-1.5-kilometre zone of strongly anomalous copper (from trace to 710 parts per million), molybdenum (from trace to 322 ppm) plus or minus Au (from trace to 62 ppb). These results indicate the potential for a Cu-Mo plus or minus Au porphyry system. The Pedlar property is located 27 kilometres from Western Copper and Gold Corp.'s Casino project which is a porphyry system and has been disclosed by Western to contain proven and probable reserves of 8.9 million ounces Au and 4.5 billion pounds Cu.
• Carlisle property (Coffee Trend West area): Staked in April, 2017, the property is directly adjacent to Goldcorp's Coffee project and displays similar mineralization style. Soil assays on the Carlisle property from this season range from trace to 285 ppb Au.
• Nolan property (60 mile area): Soil sampling defined at least seven new gold-in-soil trends including the Hart South target, a two km by 400 m trend with soil values ranging from trace to 539 ppb Au, as well as Hart East which measures 2.5 km by 900 m and yielded values ranging from trace to 399 ppb Au.
• Pilot property (Beaver Creek area): Soil sampling defined three new soil anomalies ranging from trace to 468 ppb Au associated with arsenic, each tracing over 1.5 km in length.

"We are very pleased with the result of our 2017 regional exploration program which has generated several new and highly prospective targets on our extensive land package and further validated and defined previously identified high-priority targets," commented Jodie Gibson, the company's vice-president, exploration. "We are looking forward to drill testing these targets in 2018 along with the continued evaluation of our pipeline of robust exploration projects."

Newly identified targets

The 2017 regional exploration utilized the company's unique systematic and tactical approach which has proven to be very efficient and effective at identifying targets in the district. Core to the process is soil sampling. Soil sampling is an ideal tool for exploration in the White Gold district as the area has not been glaciated and there is a well-developed in-place soil profile. Additional data were derived from drone and X-CAM aerial photographic surveys, resistivity geophysical surveys, detailed geologic mapping and prospecting, and GT probe bedrock sampling. The GT probe is a special purpose built and state-of-the-art track mounted device designed to drive a cased hole through the soil profile to the bedrock interface. Samples are collected from the final 30 centimetres of the hole and analyzed for gold and other pathfinder elements. The depth of each hole ranges from 0.5 m to four m. Holes are placed at five m intervals on lines designed to cut across defined soil anomalies, providing similar insight on soil mineralization as traditional trenching but with a much lower environmental impact and significantly reduced costs. The GT probe is intended to be used as an intermediate step between soil sampling and drilling.

Betty property

The Betty property is located directly adjacent to Goldcorp Inc.'s Coffee property on the East and Western's Casino property on the northeast. Numerous gold-in-soil anomalies are defined across the property with values ranging from trace to 7,287.9 ppb Au, however the targets were not fully tested by historic drill campaigns on the property. A 1,201-line-kilometre airborne DIGHEM survey was completed over the property in 2017 and helped refine the geologic and structural interpretation for the property. Notably, certain targets are situated along the extension of Coffee Creek Fault from Goldcorp Inc.'s Coffee property. Four drill ready targets are currently defined on the property, encompassing mineralization styles similar to Rockhaven Resources Ltd.'s Klaza project (Mascot target area), Goldcorp's Coffee project (White and Grable targets), and the company's White Gold property (Black target). Numerous other targets are known on the Betty property and require minor follow-up work to be drill ready. The Betty property will be a high priority for the company's 2018 program.

Hayes property

The Hayes property is located adjacent and to the Betty property on the east, and 65 km southeast of the Coffee deposit. Only minor historic exploration has been conducted on the property including reconnaissance soil sampling, airborne magnetic and radiometric surveys. Exploration in 2017 consisted of the collection of 1,181 soils, including both grid and reconnaissance lines. The soils returned results ranging from trace to 329.6 parts per billion Au and defined numerous new anomalies that warrant follow-up investigation. The most significant anomaly consists of a broad, approximately 975 m by 400 m zone of anomalous Au in soils from trace to 121.6 ppb Au that is coincident with strongly anomalous As, similar to the nearby Coffee deposit. An array of additional east-trending fault zones has been identified through high-resolution air photos and geophysical surveys.

Pedlar property

The Pedlar property is located adjacent to the Betty and Hayes properties to the north. Only minor historic exploration has been conducted on the property including reconnaissance soil sampling, and airborne magnetic and radiometric surveys. Exploration in 2017 consisted of the collection of 7,877 soils; returning results ranging from trace to 169.5 ppb Au. Numerous gold-in-soil anomalies were identified that warrant follow-up investigation. The most significant zone of interest is the Bridget which is a 3.5 km by 1.5 km, northeast-trending zone of strongly anomalous Cu (up to 710 ppm Cu), Mo (up to 322 ppm Mo), plus or minus Au (up to 62 ppb Au). The anomaly is associated with a series of northwest-trending magnetic highs and numerous intrusive stocks are mapped in the area. The target is considered highly prospective for Cu-Mo plus or minus Au style mineralization similar to the Casino deposit located approximately 27 km to the southwest.

Wolf property

The Wolf property is located approximately 30 km to the northwest of Goldcorp's Coffee property and consists of a 1,200 m by 350 m gold-in-soil anomaly with values ranging from trace to 358 ppb Au. GT probe sampling across the soil anomaly in 2017 returned values from trace up 1,224 ppb, with 20 consecutive samples spaced five m apart returning anomalous gold between 95 to 1,224 ppb on line WLF17GTP-002. The zone is associated with a northwest-trending zone of strongly biotite altered granodiorite and has potential for epithermal to porphyry style mineralization. The target will see initial drill testing in 2018.

Carlisle property

The Carlisle property is adjacent to the Coffee property on the northwest and was staked in April, 2017. Exploration on the property since staking has consisted of the collection of 484 soil samples which returned results ranging from trace to 285 ppb Au in a NW trending anomaly over 500 m of strike length. The anomaly is on trend of known gold-bearing structures on the adjacent Coffee property and is similarly associated with strongly elevated As (up to 1,459 ppm).

Nolan property

A total of 8,330 soil samples were collected in 2017, including 4,440 grid samples, and 3,890 ridge and spur samples. This work successfully demonstrated the continuation of mineralized trends identified in previous soil sampling, as well as identifying new areas of potential mineralization. Highlights include the Hart South anomaly which is a 2,000 m by 400 m zone of anomalous gold in soils ranging from trace up to 539 ppb Au that is coincident with a NE trending structure based on a 2017 DIGHEM survey of the area. Additionally, prospecting in the Hart area returned grab samples of epithermal-style quartz veins that returned from trace to 0.172 gram per tonne gold, 1,467 g/t silver and 10.63 per cent lead.

Pilot property

A total of 3,323 grid soil samples were collected on the Pilot property in 2017, returning values from trace to 468 ppb Au. The sampling defined three subparallel gold in soil anomalies of up to 2.3 km in strike length that are open to the north and south. The anomalies have a strong association with elevated As, from trace to 1,562 ppm, and share strong similarities to K2 Gold's Wel's property 25 kilometres to the southeast.

The company encourages individuals interested in the company to visit its website to further understand the size and scope of the company's projects in the White Gold district.

Quality assurance/quality control

The analytical work for the 2017 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, B.C., laboratory. Sample preparation was carried out at its Whitehorse, Yukon, facility. All soil samples were using procedure SS80 (dry at 60 C and sieve 100 grams at negative 80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). All rock, GT probe, RAB, RC and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30 g fire assay with AAS finish) and AQ200 (0.5 g, aqua regia digestion and ICP-MS analysis). Samples containing greater than 10 g/t Au were reanalyzed using method FA530 (30 g fire assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encountered (FS600).

Qualified person

Jodie Gibson, PGeo, vice-president, exploration, of the company is a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and has reviewed and approved the content of this news release. The reported work was completed using industry standard procedures, including a quality assurance/quality control program consisting of the insertion of certified standards, blanks and field duplicates into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

About White Gold Corp.

The company owns a portfolio of 19,438 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40 per cent of Yukon's White Gold district. The company's flagship White Gold property has a mineral resource of 960,970 indicated and 262,220 inferred ounces of gold. Regional exploration work has also produced several other prospective targets on the company's claim packages which borders sizable gold discoveries including the Coffee project owned by Goldcorp, Western Copper and Gold Corp.'s Casino project. The company has outlined an aggressive exploration plan to further explore its properties.

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