Mr. David D'Onofrio reports

WHITE GOLD CORP. DRILLS 4.31 G/T AU OVER 11.6M FROM 31.0M DEPTH, EXTENDS HIGH-GRADE MINERALIZED STRUCTURES WITHIN LARGE MINERALIZED ZONE AT VERTIGO DISCOVERY, JP ROSS PROPERTY

White Gold Corp. has released diamond drill results on the Vertigo target, located 25 kilometres (km) northwest of its flagship Golden Saddle & Arc deposit, on the road-accessible JP Ross property, in the prolific White Gold district, Yukon, Canada. The Vertigo is one of the company's recent high-grade, near-surface, gold discoveries generated through its methodological data-driven exploration strategy. Drilling to date has encountered significant high-grade gold structures within a broad mineralized zone which remains open in all directions. The Vertigo comprises a 1.5-kilometre mineralized trend forming part of a 250-square-kilometre mineralized system with numerous newly identified targets. White Gold'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) and Golden Saddle & 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:

• Successfully confirmed continuity of high-grade, near-surface, gold mineralization at the Vertigo target, consisting of multiple high-grade mineralized structures open along strike and at depth hosted within a broad shallow dipping mineralized zone;
• All Vertigo diamond drill holes completed intersected gold mineralization and a minimum of six high-grade mineralized structures have been identified;
• Drill hole JPRVER19D0049 intersected 3.92 grams per tonne (g/t) gold (Au) over 1.68 metres from 19.9 metres (m) depth and 4.31 g/t Au over 11.60 m from 31.00 m depth;
• Drill hole JPRVER19D0050 returned 2.6 g/t Au over 3.1 m from 13.1 m depth, 15.85 g/t Au over 0.5 m from 25.5 m depth and 0.86 g/t Au over 53.6 m from 48.00 m depth;
• Previously released phase 1 diamond drill highlights included hole JPRVER19D0005, returning 9.61 g/t Au over 4.15 m from 20 m depth, including 94.2 g/t Au over 0.32 m from 21 m depth, and hole JPRVER19D0015, returning 0.42 m of 141 g/t Au within a broader envelope of mineralization that averaged 11.64 g/t Au over 5.34 m from three m depth and 18.46 g/t Au over 2.48 m from 92 m depth;
• 10 additional gold targets identified to date across the JP Ross property, including Sabotage, Topaz, Stage Fright, Frenzy and multiple others;
• Results continue to validate a 250-square-kilometre area with multiple known zones of mineralization hosted by regional-scale structures in a prolific placer mining camp, including the 15-kilometre Vertigo trend;
• Additional regional drill results from the JP Ross and White Gold property targets to be released in due course.

"We are very pleased with the abundance of gold mineralization encountered at the Vertigo to date, highlighted by the presence of multiple high-grade structures which continue to remain open in all directions. These results validate the Vertigo target to be a structurally controlled mineralized zone forming part of a regional-scale system, including the recently discovered Sabotage, Topaz, North Frenzy and multiple other gold targets across our JP Ross property. To date, at least 10 gold targets have been identified over a 250-square-kilometre area on the JP Ross property, with Vertigo being the first to have received follow-up diamond drilling," stated David D'Onofrio, chief executive officer. "These results have provided valuable insight into the nature and geometry of the mineralization and a better understanding of the local geology. Furthermore, these results in combination with previously completed regional exploration, have also provided increased confidence in our methodologies, as well as the potential for additional discoveries as our exploration team continues to explore the other targets on the JP Ross and on our other properties in the district. We look forward to the results from the exploration performed to date on these other targets and following up on the success of this diamond drilling program."

Vertigo target -- current interpretation

Mineralization at the Vertigo is hosted within a network of west-northwest-trending, moderate to steeply south dipping, shallow structures that are subparallel to topography. Individual structures are typically up to three m and host high-grade mineralization associated with quartz veining, brecciation and strong sericite-quartz alteration with local fine-grained visible gold, disseminated to locally massive arsenopyrite, galena, chalcopyrite and pyrite. The high-grade intervals pinch and swell both laterally and vertically with the strongest mineralization occurring where the structures cross lithologic contacts, particularly fine-grained amphibolite and felsic gneiss. The high-grade mineralization occurs within broader envelopes of lower-grade mineralization (less than 0.1 g/t Au) that define a southeast plunge to the overall system. The system also appears to have been cut by at least three, late, northeast-oriented structures which have locally truncated and offset the mineralization. To date, the drilling has defined the system approximately 300 m along strike, 200 m in width and 275 m downdip. The system is open along strike and down plunge to the southeast with strong potential for expansion.

Vertigo -- 2019 diamond drilling

A total of 9,568 m of diamond drilling over 46 holes was completed on the Vertigo in 2019. The drilling was conducted over two phases, as discussed below, with a focus on defining the geologic and structural controls on mineralization in the area and follow-up drilling on significant mineralized zones as warranted.

Phase 1 of diamond drilling at Vertigo was completed on three drill fences (sections VER-000, 100W and 200W) that transect across the core of the Vertigo target area, establishing the geometry and vertical and lateral continuity of geology and mineralized structures originally intersected in 2018 RAB/RC drilling. The fences consisted of four to six drill setups per fence, spaced approximately 110 m apart, with two holes drilled per set-up at angles of minus 45 degrees and minus 60 degrees. Partial results from phase 1 drilling were previously released and included hole JPRVER19D0005, returning 9.61 g/t Au over 4.15 m from 20 m depth, including 94.2 g/t Au over 0.32 m from 21 m depth and hole JPRVER19D0015 returning 0.42 m of 141 g/t Au within a broader envelope of mineralization that averaged 11.64 g/t Au over 5.34 m from three m depth and 18.46 g/t Au over 2.48 m from 92 m depth.

Phase 2 of diamond drilling at Vertigo was to follow up on drill holes completed on the fences mentioned above, in an effort to refine geology and continuity, along the west-northwest structural trend. The holes are discussed in the attached table in numeric order, with their positions referenced to holes xD0005 and xD0006 which were drilled beneath the original Vertigo discovery trench from pad VER19-A/B. Assay values for individual samples for the reported intercepts ranged from trace to 32.5 g/t Au. There is not enough information to estimate true thickness of the intercepts at this time.

Diamond drilling highlights

Fence section VER-000W:

• Consists of holes JPRVR19D0005, 6, 7, 8, 9, 11, 12, 14, 32, 34 and 35;
• Results for JPRVER19D0005, 6, 7, 8, 9, 11, 12 and 14 were previously released.

JPRVR19D0032, 34 and 35

Holes x032, 34 and 35 were drilled from the same pad and are located at the north end of the section, 95 m to the north of holes x009 and x011. Hole x032 was drilled at a minus-45-degree dip and intercepted two intervals of mineralization, including 1.06 m of 1.36 g/t Au from 172.94 m and 0.96 m of 5.51 g/t Au from 194.04 m.

Hole x034 was drilled at a minus-60-degree dip but failed at 30 m, so a second hole, x035, was drilled at minus 60 degrees, which intersected several narrow anomalous zones with Au values of up to 0.218 g/t Au.

Fence section VER-100W:

• Consists of holes JPRVR19D00010, 13, 15, 16, 22, 24, 36 and 38;
• Results for JPRVR19D00010, 13 and 15 were previously released.

JPRVR19D0016

Hole x016 was drilled at a minus-60-degree dip from the same pad as, and undercutting, x015. It intersected one m of 1.75 g/t Au from four m and the same shallow, high-grade zone as intersected in x015 (0.42 m of 141.0 g/t Au), returning one m of 32.50 g/t Au from 8.60 m. Lower in the hole, it also intersected three gold-bearing zones with anomalous gold values.

JPRVR19D0022 and 24

Holes x022 and x024 were drilled from the same pad 105 metres to the south of x015/x016. Hole x022 was drilled at minus 45 degrees and intersected 2.75 m of 1.21 g/t Au from 30.50 m. Hole x024 was drilled at minus 60 degrees and intersected 0.90 m of 1.65 g/t Au from 49.90 m. These two intersections may represent a steeply northerly dipping mineralized zone.

JPRVR19D0036 and 38

Holes x036 and x038 were drilled from the same pad 205 metres to the north of x015/x016 and are the two northernmost holes on this section. Hole x036 intersected 0.66 m of 4.18 g/t Au from 24.64 m and encountered two other narrow gold-bearing zones with values of up to 0.267 g/t Au, all at depth of 70 m or less. Hole x038 was a minus-60-degree undercut hole which intersected three gold-bearing zones with anomalous gold values up to 0.368 g/t Au.

Fence Section VER-200W:

• Consists of holes JPRVR19D0017, 18, 19, 20, 21, 23, 25, 26, 27, 28, 29, 30, 31 and 33;
• Section is 105 m to the west of Section VER-100 JPRVR19D0017, 18 and 20.

All three of these holes were drilled from the same pad, 110 m northwest of holes JPRVER19D022 and 024, which are on Section VER-100W. Hole x017 failed at 19 m and was redrilled as x018 at a minus-60-degree dip and hole x020 was drilled at a dip of minus 45 degrees. Hole x020 intersected 0.85 m of 1.10 g/t Au from 127.45 m. Both holes also intersected three narrow gold-bearing zones each, with values of up to 0.577 g/t Au.

JPRVR19D0027 and 29

Holes x027 and x029 were drilled from the same pad 106 m to the south of JPRVER19D017, 018 and 020. X027 was drilled at a minus-45-degree dip and x029 at a minus-60-degree dip. Hole x027 intersected 1.22 m of 1.29 g/t Au from 136.005 m. Three narrow gold-bearing zones with values of up to 0.693 g/t Au were also intersected between the two holes.

JPRVR19D0019 and 21

Holes x019 and x021 were drilled from the same pad 94 m to the north of JPRVER19D017, 018 and 020. Hole x019 was drilled at a minus-45-degree dip and intersected high-grade mineralization consisting of 0.60 m of 32.20 g/t Au from 15.20 m. The hole also intersected several other gold-bearing zones, the most significant of which were 0.90 m of 1.05 g/t Au from 49.4 m, 0.50 m of 4.15 g/t Au from 70.85 m and 1.60 m of 1.33 g/t Au from 150.4 m. These gold-bearing zones are broader (four m to six m) when low-grade material (0.10 to 0.50 g/t) is considered.

Hole x021 was drilled at a minus-60-degree dip and also intersected several zones, including, 1.20 m of 13.0 g/t Au from 20.25 m, 1.80 m of 3.60 g/t Au from 55.3 m and 1.50 m of 2.82 g/t Au from 153.35 m. The upper high-grade zone correlates well with the high-grade intersection at the top of x019.

JPRVR19D0023 and 25

Holes x023 and x025 were drilled from the same pad 196 m to the north of JPRVER19D017, 018 and 020. Hole x023 was drilled at a minus-45-degree dip and intersected three gold-bearing zones, the most significant consisting of 1.10 m of 2.46 g/t Au from 22.40 m and 4.05 m of 2.17 g/t Au from 32.70 m.

Hole x025 was drilled at a minus-60-degree dip and intersected four gold-bearing zones, the most significant being 3.55 m of 3.97 g/t Au from 27.93 m, including 0.55 m of 18.30 g/t Au from 29.30 m, 0.55m of 3.49 g/t Au from 41.65 m and 4.30 m of 1.50 g/t Au from 49.00 m.

JPRVR19D0031 and 33

Holes x031 and x033 were drilled from the same pad 296 m to the north of JPRVER19D017, 018 and 020. Hole x031 was drilled at a minus-45-degree dip and intersected four gold-bearing zones; however, none of the values were significant. Hole x033 was drilled at minus 60 degrees and intersected three gold-bearing zones, the most significant of which was 2.75 m of 0.71 g/t Au from 10.25 m.

JPRVR19D0026, 28 and 30

These holes were all drilled from the same pad, the northernmost on Section VER-200, 396 m to the north of JPRVER19D017, 018 and 020. Hole x026 was drilled at a minus-45-degree dip and intersected several gold-bearing zones, including 0.75 m of 3.58 g/t Au from 57.62 m.

Hole x026 was drilled at minus 60 degrees and intersected four gold-bearing zones, the most significant of which were 0.75 m of 6.04 g/t Au from 85.45 m and 0.85 m of 2.80 g/t Au from 119.45 m.

Hole x030 was drilled at minus 70 degrees and intersected four gold-bearing zones, the most significant of which were 0.68 m of 1.99 g/t Au from 106.32 m and 1.07 m of 2.27 g/t Au from 112.93 m.

JPRVER19D0039 and 40

Holes xD0039 and xD0040 were drilled from the same pad 47 metres southeast of pad VER19-A/B. Hole xD0039 was drilled at minus 50 degrees and intersected one gold-bearing zone of 2.50 m of 0.77 g/t Au from 30.50 m. Hole x0040 was drilled at minus 85 degrees and intersected two gold-bearing zones, the most significant consisting of 3.64 m of 4.74 g/t Au from 45.33 m, including 1.57 metres of 7.26 g/t Au from 47.40 m.

JPRVER19D0041 and 42

Holes xD0041 and XD0042 were drilled from the same pad 46 metres northwest of pad VER19-A/B. Hole xD0041 was drilled at minus 50 degrees and intersected one gold-bearing zone consisting of 6.10 m of 2.10 g/t Au from 34.25 m. Hole xD0042 was drilled more steeply at minus 80 degrees and also intersected one gold-bearing zone consisting of 3.80 m of 3.41 g/t Au from nine m.

JPRVER19D0043 and 44

Holes xD0043 and XD0044 were drilled from the same pad 78 metres southeast of pad VER19-A/B. Hole xD0043 was drilled at minus 50 degrees and intersected one broad gold-bearing zone consisting of 15.80 m of 1.51 g/t Au from 22.75 m. Hole xD0044 was drilled at minus 85 degrees and intersected two gold-bearing zones, the most significant consisting of one metre of 5.77 g/t Au from 54.00 m.

JPRVER19D0045 and 46

Holes xD0045 and XD0045 were drilled from the same pad 43 metres southwest of pad VER19-A/B. Hole xD0045 was drilled at minus 50 degrees and intersected two gold-bearing zones, the most significant consisting of 1.70 m of 1.15 g/t Au from 31.60 m. Hole xD0046 was drilled at minus 85 degrees and intersected one gold-bearing zone consisting of 1.35 m of 0.91 g/t Au from 39.15 m.

JPRVER19D0047, 48 and 49

Holes xD0047, xD0048 and xD0049 were all drilled from the same pad 150 metres west of pad VER19-A/B. Hole xD0047 was drilled at minus 50 degrees and intersected four gold-bearing zones, the most significant consisting of 0.7 m of 12.50 g/t Au from 67.50 m. Hole xD0048 was drilled at minus 70 degrees and intersected three gold-bearing zones, including 3.30 m of 4.12 g/t Au from 20.50 m and 7.90 m of 1.03 g/t Au from 143.70 m. Hole xD0049 intersected two gold-bearing zones, including 1.68 m of 3.92 g/t Au from 19.9 m and 11.60 m of 4.31 g/t Au from 31.00 m, including 2.50 m of 9.98 g/t Au from 37.50 m.

JPRVER19D0050

Hole xD0050 was drilled 70 m east-northeast of drill pad VER19-A/B. It was drilled at an azimuth of 200 degrees and a dip of minus 45 degrees. The hole intersected three gold-bearing zones, including 3.10 m of 2.60 g/t Au from 13.10 m, 0.50 m of 15.85 g/t Au from 25.50 m and a broad interval consisting of 53.60 m of 0.86 g/t Au from 48.00 m that includes 0.88 m of 16.50 g/t Au from 64.50 m and 6.85 m of 1.59 g/t Au from 94.75 m.

Quality assurance/quality control (QA/QC)

The analytical work for the 2019 drilling program was performed by ALS Canada Ltd., an internationally recognized analytical services provider, at its North Vancouver, B.C., laboratory. Sample preparation was carried out at its Whitehorse, Yukon, facility. All RC chip and diamond core samples were prepared using procedure PREP-31H (crush 90 per cent less than two millimetres (mm), 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 g/t Au were reanalyzed using method Au-GRAV21 (30-gram fire assay with gravimetric finish). The reported work was completed using industry-standard procedures, including a QA/QC program consisting of the insertion of certified standard, blanks and duplicates into the sample stream.

About White Gold Corp.

White Gold owns a portfolio of 21,207 quartz claims across 33 properties, covering over 422,730 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 508,800 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.

Qualified person

Jodie Gibson, professional geoscientist, technical adviser, and Andrew Hamilton, professional geoscientist, exploration manager, for the company are each a qualified person as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and each has reviewed and approved the content of this news release. Potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource at the Vertigo target and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

We seek Safe Harbor.