Mr. David D'Onofrio reports

WHITE GOLD CORP. IDENTIFIES NEW DISTRICT SCALE HIGH GRADE GOLD TRENDS ON AND CONTIGUOUS TO VERTIGO DISCOVERY, JP ROSS PROPERTY

White Gold Corp. has identified multiple new high-grade gold mineralization trends across its JP Ross property, further adding to the company's pipeline of regional gold discoveries. The new trends were identified on the Stage Fright, Sabotage, Topaz and Vertigo targets, all located within 10 kilometres of the Vertigo discovery. Several additional targets have also been identified on the JP Ross property and will be tested in due course. Highlights to date include multiple bedrock samples from trace to 4.65 grams per tonne gold and multiple surface samples from trace to 94.4 grams per tonne gold. These newly discovered mineralized zones were identified using the innovative GT Probe, a proprietary device enabling fast and cost-efficient direct bedrock sampling. These are the first results from the company's $13-million fully financed 2019 exploration program, backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. The 2019 program includes 17,000 metres of diamond drilling, which are under way on the Vertigo target (JP Ross property), the Golden Saddle and Arc deposits (White Gold property), and the QV property in Yukon, Canada.

Highlights include:

• GT Probe (top of bedrock) sampling yielded results ranging from trace to 4.65 grams per tonne gold, including samples returning 4.65 grams per tonne gold, 4.64 grams per tonne gold and 4.57 grams per tonne gold. Seventeen samples returned grades of above one gram per tonne gold, with anomalous samples clustered in multistation hits, up to 20 metres in width, defining multiple zones of mineralization.
• Surface sampling yielded results from trace to 94.4 grams per tonne gold. Eleven samples from the area returned over one gram per tonne gold, including highlights of 94.4 grams per tonne, 80.6 grams per tonne, 23.3 grams per tonne, 9.11 grams per tonne, 6.09 grams per tonne and 5.6 grams per tonne. All results were associated with elevated silver (up to 226 grams per tonne), arsenic, bismuth and lead (up to 2.06 per cent).
• The high-grade GT Probe results on the JP Ross property further support the district-scale mineralization modelling produced by the company through prior soil sampling, lidar and IP (induced polarization) resistivity testing. Follow-up work for these gold trends will include prospecting and RAB (rotary air blast) drilling.
• Seventeen thousand metres of diamond drilling are under way on the Vertigo target (JP Ross property), the Golden Saddle and Arc deposits (White Gold property), and the QV property, with assays to be released in due course.

"We are very excited by these newly discovered trends confirming additional near-surface high-grade gold mineralization on our JP Ross property in close proximity and with many similarities to our Vertigo discovery. The results also further validate the district-scale opportunity across our unique portfolio of assets and demonstrate the effectiveness of our systematic and data-driven exploration methodologies," stated David D'Onofrio, chief executive officer. "The White Gold region of the Yukon escaped glaciation, unlike many regions globally, allowing us to utilize more efficient exploration techniques, including soil sampling and our proprietary GT Probe to sample the bedrock. With the success so far in our 2019 program, we continue to be increasingly optimistic that our propriety exploration methodologies will continue to produce more discoveries on our one-million-plus-acre land package, which represents over 40 per cent of the prolific and underexplored White Gold district."

GT Probe results

The GT Probe is a track-mounted device designed to drive a cased hole through the soil profile to the bedrock interface, with samples collected from the final 30 centimetres of the hole and analyzed for gold and other pathfinder elements. The depth of each hole to bedrock was up to two metres with holes located on two-metre-to-five-metre intervals on lines designed to cut across defined soil anomalies. The GT Probe is used as a cost-effective intermediate step between soil sampling and drilling, providing similar data to traditional trenching but with minimal environment impact and more representative sampling. The latest high-grade GT Probe results on the JP Ross property further support the district-scale mineralization modelling produced by the company through prior soil sampling, lidar and IP resistivity testing.

The results to date on the JP Ross further expand on the high-grade discovery made at the Vertigo target in 2018, which returned drill results including 31.35 grams per tonne gold over 6.10 metres from surface and 17.34 grams per tonne gold over 10.67 metres and multiple surface samples exceeding 100 grams per tonne gold. GT Probe results this season have confirmed the presence of additional mineralized structures on the Vertigo target as well as the continuity of these structures to other targets, demonstrating a district-scale system of high-grade gold mineralization.

Highlights of results from GT Probe testing on the JP Ross property targets are outlined in the attached table.

Line ID                    Target        Au
                                       (g/t)

JPRGTP19-057         Stage Fright      0.94
JPRGTP19-057*        Stage Fright      4.57
JPRGTP19-057*        Stage Fright      0.95
JPRGTP19-058*        Stage Fright      0.72
JPRGTP19-058*        Stage Fright      2.71
JPRGTP19-059         Stage Fright      2.06
JPRGTP19-059         Stage Fright      2.40
JPRGTP19-062         Stage Fright      1.59
JPRGTP19-062         Stage Fright      4.64
JPRGTP19-043             Sabotage      1.12
JPRGTP19-043             Sabotage      4.65
JPRGTP19-046             Sabotage      4.12
JPRGTP19-046             Sabotage      0.60
JPRGTP19-075             Sabotage      2.14
JPRGTP19-078             Sabotage      1.25
JPRGTP19-036                Topaz      2.04
JPRGTP19-032              Vertigo      1.11
JPRGTP19-033*             Vertigo      0.70
JPRGTP19-033*             Vertigo      2.92
JPRGTP19-033*             Vertigo      0.70
JPRGTP19-033*             Vertigo      1.78
JPRGTP19-033*             Vertigo      0.42
JPRGTP19-035              Vertigo      0.83
JPRGTP19-035              Vertigo      1.26
JPRGTP19-035              Vertigo      2.39

*This represents consecutive samples at 
five-metre spacing.

Targets

Stage Fright:

• Located 10 kilometres northwest of the Vertigo target;
• Prospecting on the target returned assays from trace to 94.4 grams per tonne gold. Eleven samples from the area returned over gram per tonne gold, including highlights of 5.61 grams per tonne gold, 6.09 grams per tonne gold, 9.11 grams per tonne gold, 23.3 grams per tonne gold, 80.6 grams per tonne gold and 94.4 grams per tonne gold; all associated with elevated silver (trace to 226 grams per tonne), arsenic, bismuth and lead (up to 2.06 per cent);
• 12 GT Probe lines completed; anomalous results over one gram per tonne gold associated with the western and southeastern lines (trace to 4.64 grams per tonne gold);
• Western lines correspond with strongly anomalous prospecting samples (trace to 80.6 grams per tonne gold) along a north-northeast-trending zone of quartz veining/brecciation (Loki vein); the southeast lines have individual results from trace to 4.57 grams per tonne gold and form an east-west-trending corridor of anomalous gold over a 110-metre strike length that is open in both directions;
• Interpretation of the results is continuing, but initial indications are that the mineralization is associated with a series of north-northeast- and east-west-trending structures.

Sabotage:

• Located 7.5 kilometres northwest of the Vertigo target;
• Consists of multiple zones of anomalous gold in soils over a 1.5-kilometre-by-five-kilometre northeast-trending area with values from trace to 1,908.3 parts per billion gold;
• Detailed infill soil sampling focused on a 450-metre-by-500-metre area within the Sabotage area in 2018 and returned discreet east-northeast- and northwest-trending gold-in-soil anomalies with values from trace to 295.3 parts per billion gold;
• Numerous prospecting samples and abundance alteration in the area, with results including 1.15 grams per tonne gold and 15.35 grams per tonne gold; the samples are within an apparent north-northwest corridor associated with GT Probe anomalies of 4.12 grams per tonne gold and 4.65 grams per tonne gold on separate lines.

Topaz:

• Located immediately south of the Vertigo target and road accessible;
• Consists of a series of northeast- and northwest-trending gold-in-soil anomalies over a 500-metre-by-1,500-metre area with values ranging from trace to 284 parts per billion gold;
• GT Probe sample across a 300-metre-long northeast-trending soil anomaly returned results from trace to 2.04 grams per tonne gold and prospecting results from trace to 5.24 grams per tonne gold;
• The mineralization is interpreted to be associated with a northeast-trending structure, and follow-up work on the target and additional soil anomalies in the Topaz area is continuing.

Vertigo:

• To date, at least 12 mineralized structures are recognized on the Vertigo target over a 2,200-metre-by-650-metre area and consist of west-northwest-trending, steeply dipping zones of quartz veining, brecciation and fracture-controlled mineralization with disseminated to vein-controlled pyrite-arsenopyrite-galena and locally, visible gold mineralization. The mineralization observed at Vertigo is associated with strongly elevated silver/lead/bismuth (plus or minus arsenic/tellurium) and consists of zones of strong alteration, brecciation, quartz veining and oxidized sulphide mineralization within a felsic gneiss unit.
• GT Probe sampling on the Vertigo target in 2019 was designed to evaluate extensions of the mineralized structures to the west and south based on detailed soil sampling, prospecting and geophysical surveys. The GT Probe returned multiple anomalous samples across several lines with values ranging from trace to 2.39 grams per tonne gold.
• Additional prospecting across the trend also returned significant results with individual surface samples ranging from trace to 17.95 grams per tonne gold. Highlights include surface samples of 17.95 grams per tonne gold, 10.1 grams per tonne gold, 9.89 grams per tonne gold and 7.6 grams per tonne gold. All are associated with strongly anomalous silver (up to 104 grams per tonne), arsenic, bismuth and lead (up to 0.48 per cent).

Quality assurance/quality control

The analytical work for the 2019 drilling program will be performed by ALS Canada Ltd., an internationally recognized analytical services provider, at its laboratory in Vancouver, B.C. Sample preparation was carried out at its facility in Whitehorse, Yukon. All reverse circulation chip and diamond core samples will be prepared using procedure PREP-31H (crush 90 per cent less than two millimetres, riffle split off 500 grams, pulverize split to better than 85 per cent passing 75 microns) and analyzed by method Au-AA23 (30-gram fire assay with AAS finish) and ME-ICP41 (0.5 gram, aqua regia digestion and ICP-AES analysis). Samples containing over 10 grams per tonne gold will be reanalyzed using method Au-GRAV21 (30-gram fire assay with gravimetric finish).

The reported work will be completed using industry-standard procedures, including a quality assurance/quality control program consisting of the insertion of certified standard, blanks and duplicates into the sample stream.

About White Gold Corp.

The company owns a portfolio of 22,040 quartz claims across 35 properties covering over 439,000 hectares, representing over 40 per cent of the Yukon's White Gold district. The company's flagship White Gold property has a mineral resource of 1,039,600 ounces indicated at 2.26 grams per tonne gold and 508,700 ounces inferred at 1.48 grams per tonne gold. Mineralization on the Golden Saddle and Arc deposits is also known to extend beyond the limits of the current resource estimate.

Qualified person

Jodie Gibson, PGeo, vice-president of exploration for 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.

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