Mr. David D'Onofrio reports

WHITE GOLD CORP. TRENCHES 83.13 G/T GOLD OVER 2.2M, 30.86 G/T GOLD OVER 7M AND 24.86 G/T GOLD OVER 7M ON VERTIGO AND ENCOUNTERS HIGH-GRADE TRENCH RESULTS ON MULTIPLE NEW TARGETS FURTHER DEMONSTRATING REGIONAL SCALE HIGH GRADE MINERALIZATION ACROSS

White Gold Corp. has provided positive trench and surface sample results on the Vertigo target and other surrounding targets on its JP Ross (JPR) property, including the Sabotage, North Frenzy and Topaz targets. These results further validate at least four high-grade gold trends over a 15-kilometre-by-15-kilometre area, including 10 gold targets on the JPR property located 25 km northeast of the company's flagship Golden Saddle and Arc deposit. The 2019 trenching and surface sampling program was designed to follow up on and obtain a better understanding of the targets' specific host rocks, styles of mineralization, structural controls and to ultimately define drill targets on these newly discovered gold in soil anomalies, with follow-up rotary air blast (RAB) drilling to be conducted in the current and future seasons. The company's fully financed $13-million 2019 exploration program backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. includes diamond drilling on the Vertigo target (JP Ross property), Golden Saddle and Arc deposits (White Gold property) as well as soil sampling, prospecting, GT Probe, trenching and RAB/RC drilling on various other properties across the company's expansive land package located in the prolific White gold district, Yukon, Canada.

Highlights include:

• Vertigo and surrounding targets produced some of the highest-grade trench results to date with assays ranging from trace to 140 g/t Au, on the road accessible JPR property.
• Results further validate a robust regional-scale, structurally controlled, mineralized system across at least four identified high-grade gold trends over 15 km by 15 km area, including at 10 gold targets identified to date on the JPR property.
• Vertigo trenches included JPRVER19T010 encountering 24.86 g/t Au over seven m, including 53.43 g/t Au over 3.2 m and 125.5 g/t Au over one m; JPRVER19T011 encountering 30.86 g/t Au over seven m, including 102.15 g/t Au over two m and JPRVER19T013 encountering 83.13 g/t Au over 2.2 m, including 120 g/t Au over one m.
• JPR property trench JPRSAB19T016 on the Sabotage target returned 2.69 g/t Au over 10 m, including 4.49 g/t Au over 2.5 m, and grab samples up to 14.4 g/t Au; trench JPRNRF19T008A on the North Frenzy target returned 2.48 g/t Au over five m, including 4.02 g/t Au over two m; trench JPRTOP19T005 on the Topaz target returned 0.368 g/t Au over 18 m, including 1.03 g/t Au over seven m.
• Regional exploration activity is continuing across the White Gold, JPR and Hen (Titan target) properties, with related soil sampling, prospecting, GT Probe sampling, trenching and RAB/RC drill results to be released in due course.
• Additional drill results for the Vertigo discovery and the QV deposit are forthcoming and will be released in due course.

"We are extremely pleased with the continued ultrahigh-grade results on the Vertigo and newly discovered Sabotage, Topaz and North Frenzy targets on our JP Ross property, further validating that the abundant high-grade gold mineralization is part of a robust regional-scale structurally controlled system. To date at least 10 gold targets have been identified on this property, supporting our theory that Vertigo is one of many potential deposits in the area," stated David D'Onofrio, chief executive officer. "We have now identified at least four distinct gold trends across a 15 km by 15 km area on the property, including the 1,500 m Vertigo trend, which appears to be a source of the rich placer production in the area. This program provided valuable insight into the orientation and geometry of the mineralized systems -- information that will be used as part of our scientific and data driven approach to identify drill targets to be followed up on in the current and future seasons."

JP Ross property

A total of 62 trenches/pits over 1,625 m were placed on nine target areas across the JP Ross property. The trenches ranged from two m to 59 m in length and ranged in depth from 0.5 m to over two m in depth, depending on location and ground conditions. The trenching was conducted using a Can-Dig heliportable excavator with five Vertigo trenches (JPRVER19T010 to JPRVER19T014) excavated into bedrock using a tracked excavator. Continuous composite chip samples were collected from each trench in lengths ranging from 0.5 to four m (average 2.27 m) and individual assays for the chip sampling ranged from trace to 140 g/t Au. Grab samples were also collected from selected trenches with results received to date ranging from trace to 38.9 g/t Au. The most significant results were returned from the Vertigo, Sabotage, North Frenzy and Topaz targets, and discussed in more detail below.

Vertigo

A total of 16 trenches were excavated in the Vertigo area. The initial 11 trenches were designed to evaluate and expand the mineralized trends identified on the target. The final five trenches utilized a tracked excavator that could expose additional in situ alteration and mineralization deeper into the bedrock. The most significant results are discussed in more detail below.

JPRVER19T006 was placed on the western extent of the Vertigo to follow up on high-grade prospecting samples in the area. The trench returned 4.17 g/t Au over 2m and 1.54 g/t Au over two m from opposite ends of the trench, confirming bedrock mineralization over 300 m along strike to the west of 2019 diamond drilling. The mineralization in the trench is associated with strongly oxidized quartz veining and brecciation and shows an association with elevated silver-bismuth-lead and grab samples up to 5.65 g/t Au.

JPRVER19T010 was a re-excavation of previously released trench JPRVER18T002 which had returned 109.93 g/t Au over three m. This follow-up trenching was completed to provide additional visibility into the bedrock's high-grade mineralization. The trench exposed a three m, east-southeast-trending, moderately south dipping, zone of quartz veining and brecciation with semi-massive sulphide mineralization (arsenopyrite-galena-chalcopyrite-pyrite) and localized visible gold. Alteration and anomalous mineralization extend at least three m beyond, in the hangingwall, of the zone to the end of the trench. Composite chip sampling in the trench returned 24.86 g/t Au over seven m; including 53.43 g/t Au over 3.2m and 125.5 g/t Au over one m.

JPRVER19T011 was a re-excavation of previously released trench JPRVER18T003 which had returned 20.79 g/t Au over eight m. This follow up trenching was completed to provide deeper and greater visibility into the zone's high-grade mineralization. The new trenching exposed a two m, east-southeast-trending, moderately south dipping, zone of quartz veining and brecciation with semi-massive sulphide mineralization (arsenopyrite-galena-chalcopyrite-pyrite) and localized visible gold within a broader zone of alteration and anomalous mineralization. Composite chip sampling in the trench returned 30.86 g/t Au over seven m; including 102.15 g/t Au over two m.

JPRVER19T012 is located approximately 25 m east of trench 011 above. Can-Dig trench JPRVER19T004 was initially placed in the area but failed to reach bedrock. The new trenching exposed two zones of mineralization in the area. The upper zone returned 9.66 g/t Au over 1.3 m and the lower returned 37.9 g/t Au over two m. Both were associated with quartz veining, brecciation and semi-massive sulphide mineralization (arsenopyrite-galena-chalcopyrite-pyrite), similar too trenches 10 and 11 above.

JPR trenches JPRVER19T010 to 012 confirm a continuous shoot of high-grade mineralization over a minimum 75 m strike length at true widths ranging between two to seven m and average grades over 20 g/t Au. Initially reported diamond drilling results in hole JPRVER19D005 and 006 were beneath trench 10 and confirm this high-grade mineralization continues to a minimum of depth of 35 m downdip. It is anticipated that the high-grade mineralization will occur along individual structures in plunging shoots, as is common in high-grade, structurally controlled, gold deposits. Diamond drilling was also conducted under the projection of this zone to the east to refine the geometry and plunge controls for future work.

JPRVER19T013 is located approximately 145 m west of trench 010 and 15m east of 2018 RAB hole JRPRVERRAB18001 (56.25 g/t Au over 3.05 m from 3.05 m depth). The new trenching exposed a 2.2 m zone of strongly oxidized quartz veining and brecciation, with locally abundant visible gold, trending east-southeast and dipping moderately to the south. Composite chip sampling within the trench returned 83.13 g/t Au over 2.2 m, consisting of 52.4 g/t Au over 1.2 m and 120 g/t Au over 1m. Alteration and anomalous mineralization extend up to nine m within the hangingwall of the zone. The mineralization exposed in trench 13 was considered a high priority for follow-up diamond drilling and three holes were placed beneath the trench and assays are currently pending. The zone is on strike with mineralization intercepted in JRPRVERRAB18001 and represents a separate high-grade zone from that intercepted in trenches JPRVER19T010 to 012.

JPRVER19T014 is located approximately 50 m to the southwest of trench 13 and was designed to evaluate the area for potential subparallel zones of mineralization based on RAB drilling results in the area. A broad, nine m zone of alteration, localized veining with sulphide mineralization and brecciation were noted in the trench. Chip samples returned 0.66 g/t Au over nine m. Select grab samples of mineralized material within the trend returned results of 13.75 g/t Au and 5.01 g/t Au.

Vertigo trench highlights

Individual assays for the reported results ranged from trace to 140 g/t Au. The most significant trench results for Vertigo included in this release are included in the attached table.

                       SIGNIFICANT RESULTS                 

              Length      From     To    Int.     
Trench ID         (m)       (m)    (m)     (m)    Au (g/t) Notes                              

JPRVER19T004-C     5       0.0    5.0     5.0        7.37  Max assay 11.95 g/t Au
JPRVER19T006      13      10.0   12.0     2.0        4.17                        
and               13      10.0   12.0     2.0        1.54                        
JPRVER19T010      14       7.0   14.0     7.0       24.86  Max assay 125.5 g/t Au
Incl.                      7.0   10.2     3.2       53.43                        
Incl.                      7.7    8.7     1.0      125.50                       
JPRVER19T011      43      33.0   40.0     7.0       30.86  Max assay 140 g/t Au  
Incl.                     33.0   35.0     2.0      102.15                       
JPRVER19T012      18       4.5    5.3     0.8        9.66  Max assay 37.9 g/t Au 
And                       14.0   16.0     2.0       37.90                        
JPRVER19T013      34       7.6    9.0     2.2       83.13  Max assay 120 g/t Au  
Incl.                      8.0    9.0     1.0      120.00                       
JPRVER19T014      33       6.0   15.0     9.0        0.66  Max assay 1.14 g/t Au 

Sabotage

The Sabotage target is located approximately 7.5 km to the northesat of Vertigo and 16 Can-Dig trenches were placed on the target to follow up on previously announced infill soil, GT Probe and prospecting results up to 15.35 g/t Au (1). The trenches were designed to evaluate multiple (northeast, northwest and east-west) structural trends highlighted in the soil, geophysical and lidar data. The most significant results were returned from the centre of the Sabotage anomaly and are outlined in the attached table.

All structural trends in the Sabotage area appear to have anomalous mineralization and there appear to be overprinting alteration assemblages including strong quartz-potassium feldspar followed by late quartz-sericite-carbonate-clay with disseminated to fracture controlled pyrite. Over all, the mineralization observed to date is similar to the Golden Saddle deposit on the company's White Gold property and is gold only with minor associated elements including molybdenum and lead. Historic diamond drilling conducted in the area was focused on evaluating northeast-oriented trends; similar to the Golden Saddle. However, based on work completed on the target in 2019, northwest and east-west trends appear to carry the most significant gold mineralization (greater than g/t Au) indicating historic drilling on the target was likely subparallel to the mineralized zones. Follow-up RAB drilling will be conducted to evaluate the northwest and east-west structural orientations to better evaluate the target.

(1) See WGO news released dated July 11, 2019. Available on SEDAR.

Topaz

Topaz is located one km south of the Vertigo and seven Can-Dig trenches were placed on the target area to follow up on previously announced GT Probe and prospecting results up to 5.24 g/t Au (1). All but one of the trenches returned anomalous gold values (greater than 0.1 g/t Au) with the most significant being JPRTOP19T00 with 1.03 g/t Au over seven m.

The mineralization is associated with strong sericite-carbonate alteration and minor quartz veining with anomalous bismuth-lead and appears to similar to the adjacent Vertigo zone. Over all, the trenches, GT Probe and soil sampling in the area define an east-northeast-trending zone of alteration (over 450 m of strike length) and mineralization that is considered a strong target for follow-up RAB drilling.

North Frenzy

North Frenzy is located nine km north of Vertigo and eight Can-Dig trenches were placed in the target area to follow up on detailed infill soil sampling completed in the area. Six of the eight trenches returned anomalous gold values (greater than 0.1 g/t Au) over intervals ranging from one to 20 m and included grab samples ranging from trace to 38.9 g/t Au. The most significant results are outlined in the attached table.

The trenching defines a north-south-trending, west-dipping zone of alteration, brecciation and quartz veining over 570 m of strike length. The mineralization is hosted within quartz biotite gneiss and quartzites and shows a strong association with elevated arsenic, and has strong similarities to targets on the White Gold property including the Arc, Minneapolis and Ullis targets. Minor, wide-spaced, historic diamond drilling conducted in the area was oriented subparallel to the mineralized zone(s) and the target is a priority for follow-up RAB drilling.

Sabotage/Topaz/North Frenzy, Trench highlights

Individual assays for the reported results ranged from trace to 14.4 g/t Au. The most significant trench results for Vertigo included in this release are included in the attached table.

                                   SIGNIFICANT RESULTS                

                           Length    From      To    Int.         Au
Target       Trench ID         (m)     (m)     (m)     (m)      (g/t) Notes                                        

Sabotage     JPRSAB19T011    27.0     7.5    10.0     2.5       3.11  Max assay up to 11.95 g/t Au.
Sabotage     JPRSAB19T013    40.0     0.0    10.0     10.0      0.82                               
Sabotage     Incl.                    2.5    5.0      2.5       2.25                               
Sabotage     JPRSAB19T015    58.5     26.5   35.0     8.5       0.86                               
Sabotage     Incl.                   32.5   35.0      2.5       1.66                               
Sabotage     JPRSAB19T016    31.0     7.5    17.5     10.0      2.69                               
Sabotage     And                     32.5    10.0     2.5       4.49  Max assay up to 14.4 g/t Au. 
Topaz        JPRTOP19T005    44.0     9.0    27.0     18.0      0.37                               
Topaz        And                      37.0   44.0     7.0       1.03                               
North Frenzy JPRNRF19T008A   18.0     0.0    5.0      5.0       2.48                               
North Frenzy Incl.                    2.5    5.0      2.0       4.02                               

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 Vancouver, B.C., laboratory. Sample preparation was carried out at its Whitehorse, Yukon, facility. All RC 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 g fire assay with AAS finish) and ME-ICP41 (0.5 g, aqua regia digestion and ICP-AES analysis). Samples containing greater than 10 g/t Au will be reanalyzed using method Au-GRAV21 (30 g fire assay with gravimetric finish).

The reported work will be completed using industry standard procedures, including a quality assurance/quality control (QA/QC) 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 g/t Au and 508,700 ounces Inferred at 1.48 g/t Au. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the company's claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Goldcorp Corp. with a measured and indicatd gold resource (2) of 3.4 million ounces and Western Copper and Gold Corp.'s Casino project which has proven and probable gold reserves (2) of 8.9 million oz Au and 4.5 billion pounds Cu.

(2) Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the company's property.

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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