Mr. David D'Onofrio of White Gold reports

WHITE GOLD DRILLS 23.44 G/T GOLD AND 145 G/T SILVER OVER 24.38M FROM SURFACE ENDING IN MINERALIZATION AT VERTIGO DISCOVERY, INCLUDING 59.3 G/T GOLD AND 388 G/T SILVER OVER 3.05M AND ALSO ENCOUNTERS ADDITIONAL HIGH-GRADE GRAB SAMPLES UP TO 257.3 G/T GOLD AND 293 G/T SILVER AT VERTIGO OVER A 1.1KM STRIKE LENGTH

White Gold Corp. has released rotary air blast (RAB) drill results from the Vertigo target on the JP Ross property in Yukon, Canada. Assays for three additional RAB holes have been received, returning additional near-surface, high-grade mineralization, including some of the highest grades ever in the White Gold district, and also expanding the drilled strike length of mineralization to 235 metres. With multiple holes encountering high-grade gold intercepts and many ending in mineralization at relatively shallow depths, reverse circulation (RC) drilling has been initiated at JP Ross.

These results mark a significant discovery by the company produced through its fully financed regional exploration program backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. Systematic exploration has also been conducted on 16 other properties, with results to be released in due course. Maps further detailing drill hole and grab sample locations as well as results can be found on White Gold's website.

The company will host a conference call at 11:30 a.m. EDT on Tuesday, Oct. 2, 2018, for management to provide additional context regarding these and other significant results encountered this year and answer questions.

Highlights include:

• JPRVERRAB18-014 was drilled 160 metres east of JPRVERRAB18-001 and intersected 23.44 grams per tonne gold over 24.38 metres from surface, including 59.3 grams per tonne gold over 3.05 metres from surface, 39.4 grams per tonne gold over 3.05 metres from a depth of 12.19 metres and 26.1 grams per tonne gold over 4.572 metres from a depth of 19.81 metres, ending in mineralization. The hole has since been extended with an RC drill to 79.25 metres, with results to be reported in due course.
• Additional surface grab samples encountered up to 257.3 grams per tonne gold, including 293 grams per tonne silver encountered within a 1.1-kilometre strongly mineralized trend. Samples are interpreted as being in place and representative of the bedrock below due to the unglaciated nature of the area.
• At least 10 mineralized zones (V1 to V10) have been recognized over a 350-metre-by-1,000-metre area, with individual zones having been traced up to 400 metres along strike, with all zones open along strike and at depth.
• The JP Ross property is road accessible from Dawson City and the Vertigo target is within two kilometres of the existing road.
• Seventeen RAB holes were completed on the Vertigo target, with assay results for the final three RAB holes to be released in due course. All but two holes reported to date have encountered significant gold mineralization over a 235-metre strike length.
• RC drilling is progress at the Vertigo and Suspicion targets, with assays pending. Additional exploration work, including soil sampling, geologic mapping, prospecting, structural interpretation, induced polarization (IP) resistivity, magnetic surveys and lidar, are also being performed this season.
• A Class 3 permit application is in progress to permit follow-up diamond drilling in 2019.

Shawn Ryan, chief technical adviser of the company, stated: "This appears to potentially be one of the most significant and interesting discoveries in the White Gold district to date; it is the kind of mineralization that could have produced the local placer gold deposits found in the area. The high-grade nature found at such shallow depths and the fact that there appears to be multiple mineralized zones creates the perfect recipe to build economic ounces. The ability of our team to hit significant gold mineralization on almost every drill hole over 235 metres of strike on a new target is a true testament to the tenacity and effectiveness of our team and exploration methodology. With each new discovery, we are gaining a better understanding of the regional and local geology. We now have increased confidence in the potential for further discoveries in this area as our exploration team continues to explore other targets on the JP Ross property on trend with Vertigo."

Exploration work on Vertigo target

A total of 917.45 metres of RAB drilling over 17 holes were completed on the Vertigo target. Several of the RAB holes failed to reach full depth due to difficult ground conditions adjacent to or within the mineralized zones. The RAB system was converted to an RC system to maximize recoveries, and, to date, 1,224 metres of RC have been drilled over 17 holes. This includes stepout drilling to test additional identified zones of mineralization (V1, V2 and V7 to V10), drilling along strike extensions of the V3 to V5 zones and initial drill testing on newly identified targets on trend through geologic mapping/prospecting, including the recently announced Suspicion target four kilometres to the southwest of Vertigo.

Additional work under way includes:

• Infill and new grid soil sampling along the 12-kilometre Vertigo trend;
• Detailed geologic mapping, prospecting and structural interpretation;
• IP resistivity surveys with 2.08 line kilometres completed to date;
• Ground magnetic surveys to complement existing airborne magnetic and DIGHEM surveys;
• High-resolution lidar surveys over the Vertigo and Suspicion areas to complement existing data.

Drill results

Results for three additional holes from the Vertigo have been received with individual assays ranging from trace to 60.4 grams per tonne gold and are associated with strongly elevated silver, lead and bismuth plus or minus arsenic. All reported holes were drilled either due north (000 degrees) or due south (180 degrees) at dips ranging from minus 55 degrees to minus 60 degrees. The most significant results were obtained from holes JPRVERRAB18-005 and JPRVERRAB18-014.

JPRVERRAB18-005

JPRVERRAB18-005 is located 50 metres to the southwest of JPRVERRAB18-001 at a due north azimuth and dip of 55 degrees. The hole targeted the V3 zone and returned 1.49 grams per tonne gold over 16.76 metres from a depth of 12.19 metres, including 9.37 grams per tonne gold over 1.52 metres from a depth of 27.43 metres, where it ended in mineralization. The hole has subsequently been extended with an RC drill hole to test the mineralized zone to further depth. Results for the follow-up RC hole are pending and will be reported in due course.

JPRVERRAB18-014

JPRVERRAB18-014 is located 160 metres east of previously reported hole JPRVERRAB18-001 and was drilled at a 180-degree azimuth and 60-degree dip. The hole was targeting strongly anomalous arsenic/lead/bismuth (plus or minus gold/silver) in XRF (X-ray fluorescence) results from recent GT Probe sampling across the interpreted V6 zone and returned 23.44 grams per tonne gold over 24.38 metres from surface (zero metres). This includes three subintervals consisting of 59.3 grams per tonne gold over 3.05 metres from surface, 39.4 grams per tonne gold over 3.05 metres from a depth of 12.19 metres and 26.1 grams per tonne gold over 4.572 metres from a depth of 19.81 metres. The gold mineralization is associated with strongly elevated silver/lead (arsenic/bismuth) and averaged 145 grams per tonne silver and 0.54 per cent lead over the 24.38-metre interval. The hole ended in mineralization at a depth of 28.38 metres due to air loss in strongly fractured ground. The hole has been subsequently re-entered using RC equipment and extended to depth. The results of the additional drilling are in progress and will be presented in due course. Gold, silver and lead assays for the individual 1.52-metre samples within the reported interval are presented in the attached table.

From (m)   To (m)   Au (g/t)   Ag (g/t)    Pb (%)

0           1.52      58.20        388      0.62 
1.52        3.05      60.40        220      0.42 
3.05        4.57      14.00        113      0.17 
4.57         6.1       5.30         68      0.61 
6.1         7.62      37.40         82      0.59 
7.62        9.14      16.40         54      0.31 
9.14       10.67       5.36         57      0.15 
10.67      12.19       2.49         81      0.25 
12.19      13.72      20.70        121      0.64 
13.72      15.24      58.10        271      2.13 
15.24      16.76       9.16         83      0.61 
16.76      18.29       2.00         18      0.14 
18.29      19.81       7.42         32      0.14 
19.81      21.34      29.50        333      1.11 
21.34      22.86      21.70        257      0.51 
22.86      24.38      27.00        138      0.31

Note: Interpretation of the results is 
continuing and there is not currently enough 
information to estimate true thickness of 
the mineralized zones. 

Significant drill results from the Vertigo target included in this release are detailed in the attached table.

Hole ID             From (m)   To (m)   Interval (m)   Au (g/t)

JPRVERRAB18-005*      12.19    28.96          16.76       1.49   
Including             27.43    28.96           1.52       9.37   
JPRVERRAB18-012        38.1    39.62           1.52       1.18   
And                   73.15    74.68           1.52       1.46   
JPRVERRAB18-013       Results pending               
JPRVERRAB18-014*          0    24.38          24.38      23.44  
Including                 0     3.05           3.05       59.3   
And                   12.19    13.72           3.05       39.4   
And                   19.81    24.38           4.57       26.1   
JPRVERRAB18-015       Results pending               
JPRVERRAB18-016       Results pending               
JPRVERRAB18-017       Results pending               

* Hole ended in mineralization.

Previously announced RAB significant results from Vertigo are summarized in the attached table.

Hole ID             From (m)   To (m)   Interval (m)   Au (g/t)

JPRVERRAB18-001        3.05    13.72          10.67      17.34  
Including              3.05      6.1           3.05      56.25  
JPRVERRAB18-003          32    35.03           3.05       3.11   
JPRVERRAB18-004       19.81    21.34           1.52       3.73   
JPRVERRAB18-006       21.34    22.86           1.52       0.76   
JPRVERRAB18-007       12.19    13.72           1.52       2.37   
And                    44.2    45.72           1.52       1.85   
And                    82.3    83.82           1.52       4.83   
JPRVERRAB18-008*       1.52     3.05           1.52       4.11   
And                   33.52    35.05           1.52        3.4    
JPRVERRAB18-009        38.1    39.62           1.52       13.4   
JPRVERRAB18-010       16.76    18.29           1.52       15.3   
And                   64.01    65.53           1.52       1.07   
JPRVERRAB18-011*       1.52    16.76          15.24       9.65   
Including              1.52     4.57           3.05         45     

* Hole ended in mineralization.

Surface samples

Assays for additional grab samples from the Vertigo target area were received with results ranging from 0.03 gram per tonne gold to 257.3 grams per tonne gold and included five samples greater than one gram per tonne gold and two samples greater than 30 grams per tonne gold, including 32 grams per tonne gold and 257.3 grams per tonne gold. The high-grade 257.3-gram-per-tonne-gold sample was from the eastern end of the Vertigo along the projection of the V3 structure and consisted of a brecciated quartz vein with strong scorodite staining and visible gold. The sample also returned 291 grams per tonne silver and 2.65 per cent lead.

Rock grab sampling on the Vertigo target has defined strong mineralization over a 1.1-kilometre northwest trend with 10 mineralized zones (V1 to V10), with individual zones having been traced up to 400 metres along strike, with all currently open along strike and at depth. The samples are interpreted as being in place and representative of the bedrock below due to the unglaciated nature of the area. Significant results are summarized in the attached table.

Sample        Target      Au (g/t)   Ag (g/t)

1715292      Vertigo       257.30     291.00  
1715293      Vertigo         2.37      29.50   
1715298      Vertigo         1.79       3.20    
1715301      Vertigo        32.00      44.90   
1715302      Vertigo         5.61        3.4

Conference call details

David D'Onofrio (chief executive officer), Shawn Ryan (chief technical adviser), Rob Carpenter (director) and Jodie Gibson (vice-president, exploration) will host a conference call to discuss the results in greater detail and answer questions. The call-in details are provided as follows and a recording will be available following the call.

Date and time:  Oct. 2, 2018, 11:30 a.m. EDT

Dial-in numbers

Toll-free:   877-407-8033

International:  201-689-8033

Replay numbers

Toll-free:  877-481-4010

International:   919-882-2331

Replay passcode:   37715

Teleconference replay expiration:  Oct. 9, 2018, 11 a.m. EDT

JP Ross property

The JP Ross property comprises 2,850 quartz claims covering over 57,000 hectares of exploration ground which currently have at least 14 known anomalous trends, including the Vertigo and Suspicion targets, and numerous placer gold-bearing creeks. Preliminary drill results on the Vertigo target ranged from trace to 56.25 grams per tonne gold over 3.05 metres within a broader intercept of 17.34 grams per tonne gold over 10.67 metres from a depth of 3.05 metres (JPRVERRAB18-001) and 45.00 grams per tonne gold over 3.05 metres from a depth of 1.52 metres within a broader intercept of 9.65 grams per tonne gold over 15.24 metres (JPRVERRAB18-011). Additional exploration in the area also encountered multiple high-grade grab samples, including 139.9 grams per tonne gold, 135.6 grams per tonne gold and 132.9 grams per tonne gold, defining a strike length of approximately 1.1 kilometres on the Vertigo target along a 12-kilometre mineralized trend. The JP Ross property is road accessible from Dawson City and the Vertigo target is within two kilometres of an existing road. Recently staked and acquired claims adjacent to the property are situated within a prolific placer mining camp where coarse placer gold is common.

The property is located 25 kilometres north of the company's flagship White Gold property, which has a mineral resource of 960,970 ounces indicated at 2.43 grams per tonne gold and 262,220 ounces inferred at 1.70 grams per tonne gold, and 55 kilometres north of the Coffee project owned by Goldcorp Inc. with a measured and indicated gold resource of 4.1 million ounces. Historical exploration performed on the JP Ross property by Underworld Resources and Kinross Gold includes geochemical surveys, trenching, airborne magnetic and radiometric surveys, and 8,592 metres of diamond drilling over 64 holes. Fourteen target areas are currently known and large portions of the property are unexplored.

Potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource on the JP Ross property to date, and it is uncertain if further exploration will result in such target being delineated as a mineral resource.

About White Gold Corp.

The company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40 per cent of Yukon's White Gold district. The company has outlined an aggressive exploration plan backed by partners Agnico Eagle Mines and Kinross Gold.

Quality assurance/quality control

The analytical work for the 2018 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 GT Probe, RAB, RC and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverized 250 grams to 200 mesh) and analyzed by method FA430 (30-gram fire assay with AAS finish) and AQ200 (0.5 gram, aqua regia digestion and ICP-MS analysis). Samples containing over 10 grams per tonne gold were reanalyzed using method FA530 (30-gram fire assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encountered (FS600). Samples containing over 100 grams per tonne silver and/or over 1 per cent lead were analyzed using method AQ374 (0.4 gram, aqua regia digestion and ICP-ES analysis).

The work was completed using industry-standard procedures, including a quality assurance/quality control program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant quality assurance/quality control issues during review of the data.

Qualified person

Jodie Gibson, PGeo, vice-president of exploration for the company, is a qualified person as defined under National Instrument 43-101 and has reviewed and approved the content of this news release.

We seek Safe Harbor.