Mr. David D'Onofrio reports

WHITE GOLD PROVIDES RESOURCE GROWTH AND NEW DISCOVERY EXPLORATION UPDATE ON ITS WHITE GOLD AND QV PROPERTIES, YUKON

White Gold Corp. has provided an update on its fully financed 2026 exploration program across its district-scale land package in the emerging White gold district in Yukon, Canada. The primary objective of the 2026 program is to expand the company's known gold resources by targeting high-probability near-deposit mineralization on its Golden Saddle, Arc, Ryan's Surprise and VG deposits, and to make new discoveries in close proximity to these deposits.

With a significantly larger 2026 exploration program, resource growth drilling will build on the success of the 2025 program, with highlight intervals including 56.10 metres of 3.23 grams per tonne gold (WHTGS25D0216) and 50.2 m of 6.89 g/t Au (WHTGS25D0218A) at Golden Saddle, complemented by expansion drilling at Arc, Ryan's Surprise and VG. In addition to resource growth drilling, the company has identified multiple new high-priority, advanced discovery-stage targets, including Golden Saddle 2.0 and VG East, and is prospecting and mapping these targets in preparation for diamond drilling.

Key highlights:

• A total of 18 diamond drill holes, totalling approximately 7,000 metres, have been completed to date in 2026. Three drill rigs are currently in operation, advancing the largest exploration drill program in the company's history on these deposits.
• Golden Saddle: Three holes have been completed, testing expansion of the high-grade core (1.1 million ounces indicated (12.3 million tonnes of 2.84 g/t Au)) and 93,000 ounces inferred (1.4 Mt of 2.03 g/t Au)), and parallel zones of mineralization in both the hangingwall and footwall.
• VG: Five holes have been completed to extend mineralization down plunge and along strike toward the east.
• Ryan's Surprise: Seven stepout holes have been completed to expand mineralization along strike, both east and west away from currently defined mineralization.
• Mapping and prospecting on multiple new early-stage targets across the White and QV properties have identified potential new high-priority targets including the Golden Saddle 2.0 and the VG East targets.
• Relogging and sampling have commenced on previously unassayed footwall and hangingwall host rocks at Golden Saddle, which were not assayed in historical drilling but may host additional mineralization.
• The maiden preliminary economic assessment on the White gold project is under way and expected to be delivered along with drill assays in the near term.

"With 18 holes and over 7,000 metres completed so far, this program is off to a strong start on our core objective: growing the resource base around our four known deposits: Golden Saddle, VG, Arc and Ryan's Surprise, which all remain open, and we're excited about the early signals we're seeing at Golden Saddle 2.0 and VG East as well. Combined with the preliminary economic assessment now in the final stages, 2026 is shaping up to be a pivotal year for the White gold project," said Dylan Langille, vice-president of exploration for White Gold.

"The White gold project represents on of Canada's highest-grade open-pittable deposits, which has been delineated with relatively much less drilling as compared to deposits of similar size. With the deposits being open for expansion and the additional targets in close proximity, we are quite optimistic for the continued growth potential. The value of our significant and growing resource base is now also complemented by the recent developments in the White gold district and the additional attention to the Yukon as a whole, further validating the potential of White gold's truly district-scale opportunity," stated David D'Onofrio, chief executive officer.

2026 drill program -- resource growth

The 2026 fully financed work program, supported by strategic partners including Agnico Eagle Mines Ltd., is targeting 15,000 to 20,000 metres of diamond drilling utilizing three drill rigs. The program started on May 28, 2026, with one diamond drill and ramped up to three diamond drills within a two-week period. Drilling has focused on the primary goal of adding ounces to its resource estimate through targeting high-probability near-deposit mineralization. A summary of progress is set out below.

Golden Saddle deposit

The Golden Saddle contains an open-pit resource of 1.614 Moz indicated (31.03 Mt of 1.62 g/t Au) and 268,700 ounces inferred (7.84 Mt of 1.07 g/t Au), defined by 210 drill holes for a total of approximately 61,000 metres. Completed drilling to date has tested down plunge extension of the high-grade orebody (695,000 oz indicated (4.4 Mt of 4.88 g/t Au)), as well as parallel zones of mineralization in both the hangingwall and footwall zones. Remaining drilling includes further extension and expansion of main zone and parallel zones but will also include growth along strike toward Golden Saddle West. In addition, a targeted program to relog and sample previously unsampled core from the footwall and hangingwall host rocks is under way, offering strong potential for additional resource growth.

VG deposit

The VG deposit comprises 296,000 oz inferred (6.285 Mt of 1.46 g/t Au), defined by 65 drill holes for a total of approximately 7,600 metres. Gold mineralization is modelled to a maximum vertical depth of 200 m, with the geometry of the modelled mineralization being cone shaped due to limited drilling across the deposit. Completed drilling to date has tested down-plunge growth of the current resource, with additional step-down and strike extension drilling remaining.

Ryan's Surprise

The mineralization footprint at the Ryan's Surprise deposit measures approximately 550 m north-south by 500 m east-west to a vertical depth of 650 m, and remains open along strike and at depth. To date, the Ryan's Surprise deposit contains 293,400 oz inferred (5.82 Mt of 1.57 g/t Au) defined by 35 drill holes for a total of approximately 8,370 metres. Completed drilling has focused on roughly 75-metre stepouts east and west to extend mineralization along strike, with additional extension drilling along strike and at depth still planned and remaining. Ryan's Surprise is located 1.5 km west of the Golden Saddle deposit, along a 6.5-kilometre-long-by-one-kilometre-wide north-northwest trend of anomalous gold and arsenic in soils (Ryan's trend), which also hosts several other prospective early-stage targets in close proximity with significant surface gold mineralization and represent further potential for expansion of the project.

Arc deposit

The Arc deposit contains 115,800 oz indicated (4.113 Mt of 0.88 g/t Au) and 397,000 oz inferred (12.25 Mt of 1.01 g/t) across a 1.5-kilometre strike length and down to an average vertical depth of approximately 100 m defined by 73 drill holes for a total of approximately 15,000 m. Limited drilling on mineralization, particularly below 120 m vertical, presents a significant potential growth opportunity to add additional ounces to the mineral resource estimate in addition to expansion in other directions. Drilling on this target is planned for the second half of the exploration program.

2026 drill program -- near-resource discovery opportunities

Multiple days of prospecting and mapping have been completed to further evaluate discovery-stage targets across the White property identified with a combination of geophysics, elevated gold-in-soil anomalies, regional structural mapping and surface geochemistry signatures. A large suite of hand specimens has been collected and submitted to the laboratory for analysis.

Golden Saddle 2.0

The Golden Saddle 2.0 target represents one of the highest-priority near-resource growth opportunities on the White gold project. Located approximately 2.5 km east-southeast of the Golden Saddle deposits, this target sits on the south side of the east-west strike-slip sinistral fault that acts as a primary structural control on the Golden Saddle and Arc deposits.

Extensive spatial and geophysical analysis indicates that Golden Saddle 2.0 exhibits a geological and geophysical signature remarkably similar to that of Golden Saddle. The target is defined by a distorted, high-gradient magnetic signature where north-south-trending magnetic lineaments -- interpreted as thrust faults -- intersect the main east-west sinistral fault. This fault intersection geometry creates a classic dilatational sweet spot for orogenic gold mineralization, characterized by near-fault brecciation and a low-pressure environment ideal for fluid flow and gold precipitation. The area is further supported by mapped ultramafic units and a robust gold-in-soil anomaly that trends east-west, like Golden Saddle. Rock samples collected in 2026 demonstrate a suite of lithologies, alterations, structural fabrics and mineralization comparable with those observed at the Golden Saddle deposit. Follow-up plans for this untested target are being evaluated.

VG East target

Situated approximately 1.3 km east-northeast of the currently defined nearly 300,000-ounce-gold VG deposit, this target sits on the south side of the same structure interpreted to control mineralization seen at VG. It is defined by a 500-metre-by-200-metre-high gold-in-soil anomaly that remains yet to be drilled. Current interpretation suggests faulting may have displaced a portion of the VG deposit to the east. Drilling is planned for this untested target.

Yukon-British Columbia grid connect

On June 26, 2026, Tim Hodgson, Minister of Energy and Natural Resources, announced that the federal government will prioritize financial and regulatory support for five priority transmission projects across Canada, including an approximately 800-kilometre, 200-plus-kilovolt, high-voltage, direct-current transmission line connecting Yukon's grid to British Columbia. The announcement advances the federal government's national electricity strategy, launched by Prime Minister Mark Carney on May 14, 2026, which aims to double the capacity of Canada's grid by 2050. The company welcomes the continued commitment of federal and territorial governments to advancing Canada's emerging mining districts, including the White gold district in Yukon.

Assay methodology and quality assurance/quality control

Diamond drilling on the White gold property will consist of NQ size drill core and will be cut in half on site using a diamond saw. Analytical work on the half core will be performed by Bureau Veritas, an internationally recognized analytical service provider, at its south Vancouver, B.C., laboratory. Sample preparation will be carried out at its Whitehorse, Yukon, prep facility and then shipped to BV's Vancouver, B.C., facility for analysis. All diamond drill core samples will be prepared using the PRP70-250 package, where samples are weighed, dried and crushed to greater than 70 per cent passing a two-millimetre sieve, then pulverized to greater than 85 per cent passing 75 microns. Samples will be analyzed by method FA430 (30-gram fire assay with AAS finish) for gold, and by package MA250 (0.25 gram, four-acid digestion and ICP-MS analysis) for ultratrace multielement ICP.

The work will be completed using industry standard procedures, including a quality assurance/quality control program consisting of insertion of standard, blank and duplicate samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates and blanks within each sample stream.

Qualified person

Dylan Langille, PGeo, vice-president of exploration for the company, is a qualified person as defined under National Instrument 43-101 (Standards of Disclosure of Mineral Projects), and has reviewed and approved the content of this news release.

About White Gold Corp.

The company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 square kilometres) representing approximately 40 per cent of the Yukon's emerging White gold district. The company's flagship White gold project hosts four near-surface gold deposits which collectively contain resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the company's news release dated Oct. 6, 2025). Regional exploration work has also produced several other new discoveries and prospective targets on the company's claim packages which border sizable gold discoveries including the Coffee project owned by Talamore Mining (formerly Fuerte Metals) with measured and indicated resources of 80.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and inferred resources of 21.2 Mt grading 1.17 g/t Au for 800,000 ounces gold, and Western Copper and Gold Corp.'s Casino project which has measured and indicated resources of 2,490,700 tonnes grading 0.18 g/t Au, 0.14 per cent Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and inferred resources of 1,412,500 tonnes grading 0.14 g/t Au and 0.10 per cent Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper.

We seek Safe Harbor.