Mr. David D'Onofrio reports

WHITE GOLD CORP. INTERCEPTS SIGNIFICANT GOLD VALUES ON MULTIPLE NEW DRILL TARGETS ACROSS THE WHITE GOLD PROPERTY, CONFIRMING AND EXTENDING REGIONAL SCALE MINERALIZATION SURROUNDING THE COMPANY'S FLAGSHIP GOLDEN SADDLE & ARC GOLD DEPOSIT

White Gold Corp. has released rotary air blast (RAB) drill results on multiple newly identified drill targets located across its White Gold property, in the prolific White Gold district, Yukon, Canada. Significant gold mineralization was encountered on several targets located in the area surrounding the Golden Saddle and Arc deposits. These targets were discovered through the company's proprietary, data-driven exploration strategy and include the McKinnon East, Ulli's Ridge, Minneapolis Creek and several other targets. The 2019 RAB drill program was designed to drill a limited number of holes per target as a preliminary evaluation of the target areas with preliminary drilling of the additional new targets and follow-up to be performed in 2020. White Gold's fully financed $13-million 2019 exploration program backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. included 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:

• White Gold's proprietary, data-driven exploration methodology successfully confirms near-surface gold mineralization across multiple additional newly identified targets on the White Gold property in the area surrounding its flagship Golden Saddle and Arc deposits.
• First RAB drilling on newly identified target areas validated prospectivity of multiple gold zones over an 11-kilometre by five km trend.
• Significant mineralization was encountered on the McKinnon East, Ulli's Ridge and Minneapolis Creek targets all within a five km radius of the Golden Saddle deposit to be followed up in 2020.
• Additional new targets on trend remain untested and will receive first RAB drilling in 2020.
• Results indicate significant potential for additional gold discoveries outside of current resource areas as targets have only had limited and shallow drilling to date.

"We are very encouraged with these positive drill results in such close proximity to our flagship deposits with our first RAB drilling on newly identified targets. With only a few holes drilled on each target in a first-pass, shallow drill program, this further validates the effectiveness of our exploration methodologies, the large scale of the mineralized system and the potential for additional new discoveries on this underexplored trend, which has now been expanded to an area of roughly 55 square kilometres. We look forward to our first drilling on the additional new targets identified on this trend and following up on these results in the upcoming season," stated David D'Onofrio, chief executive officer.

Geochemical trends on White Gold property

Extensive soil sampling and other exploration activity on the White Gold property have outlined an area approximately 11 kilometres north-south and five kilometres east-west of anomalous geochemistry including the Golden Saddle and Arc deposit resource areas. Surrounding these resource areas are a number of gold occurrences, which appear to indicate two different geochemical signatures. The Golden Saddle, Donahue North and South, and McKinnon East and West occurrences appear to be gold only systems, while the Arc, Ulli's Ridge, Ryan's Surprise, Minneapolis Creek and Teacher's occurrences have Au-As-Sb-Mo (gold-arsenic-antimony-molybdenum) geochemical signatures. To date most zones outside of the resource areas have seen only limited and shallow drilling, and significant potential for additional gold discoveries remains. Highlights from the 2019 RAB drill program on the White Gold property are detailed below.

2019 RAB drilling on White property

A total of 1,344 metres of RAB drilling over 20 holes were conducted on the White property in 2019, primarily performing an initial evaluation on seven of the newly identified target areas generated from soil sampling, prospecting and geologic mapping, GT Probe sampling, trenching, and geophysical data as previously announced on Aug. 22, 2019. Assay values for the drilling ranged from trace to 4.68 g/t Au. There is not currently enough information to determine true thickness of the reported results.

McKinnon East

The McKinnon East target is approximately 5.5 km to the southeast of the Golden Saddle deposit and covers a 1,200 m by 250 m, northwest-trending gold-in-soil anomaly with values of up to 1,696 parts per billion Au. RAB drilling followed up on gold anomalies in soil samples, trench grab samples of up to 68.9 g/t Au, prospecting samples of up to 49.9 g/t Au and historic drilling. Highlights of the historic drilling is shown in the associated table. Most of these highlights occur within broader low-grade intervals.

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

WGMK10D0004                51.82             56.77              4.95              1.34
WHTMK18RC-001             118.87            128.02              9.15              1.24
incl.                      120.4            123.44              3.04              2.36
WHTMK18RC-002             129.54            137.16              7.62              0.96
WHTMK18RC-003              82.30             86.87              4.57              2.11
WHTMK18RC-004              16.76             19.81              3.05              4.35

Highlights of the 2019 RAB drilling

WHTMKE19RAB-001 was drilled at an azimuth of 180 degrees and a dip of minus 60 degrees. This hole targeted an east-west-trending structure, including heavily oxidized material, seen in nearby trenching, which returned values up to 1.51 g/t Au. The hole returned 15.24 m of 0.519 g/t Au from surface.

WHTMKE19RAB-002 was drilled at an azimuth of 180 degrees and a dip of minus 60 degrees. This hole was targeting a gold-in-soil anomaly and the western projection of the east-west structure tested by WHTMKE19RAB-001 and returned 9.15 m of 0.92 g/t Au from 24.38 m depth including 6.09 m of 1.31 g/t Au.

WHTMKE19RAB-003 was drilled at an azimuth of 180 degrees and a dip of minus 60 degrees. The hole targeted an east-west-trending structure as seen in two 2009 McKinnon East trenches that tested the geochemical anomaly. The hole returned 53.34 m of 0.35 g/t Au from 4.57 m depth, including 6.1 m of 1.39 g/t Au.

Compilation of 2019 and historic drill data on the McKinnon East target indicates that the zone is open for further testing, particularly to the east and warrants follow-up exploration activity.

Ulli's Ridge

The Ulli's Ridge target is approximately 2.5 km southwest of the Golden Saddle deposit and covers a 2,000 m by 500 m, north-northwest-trending zone of gold-in-soil anomalies with values up to 1,585 parts per billion Au. RAB drilling followed up on GT Probe results that included multistation GT Probe hits of up to 1.625 g/t Au prospecting samples of up to 8.3 g/t Au and trenching samples of up to 1.5 g/t Au. Highlights of three RC holes that were drilled on a single section in 2017 are shown in the associated table.

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

WHTULR17RC-001       7.62     10.67      3.05      2.58
WHTULR17RC-001      67.06     68.58      1.52      6.23
WHTULR17RC-002      97.54     99.06      1.52       9.7
WHTULR17RC-003      79.25     82.30      3.05      2.19

Highlights of the 2019 RAB drilling

WHTULR19RAB-001 was drilled at an azimuth of 180 degrees and a dip of minus 60 degrees. The hole targeted gold anomalies in soil samples, GT Probe samples and prospecting samples (up to 8.3 g/t Au) and returned 7.62 m of 1.4 g/t Au from 24.38 m depth including 1.52 m of 3.81 g/t Au.

WHTULR19RAB-003 was drilled at an azimuth of 235 degree and a dip of minus 60 degrees. The hole targeted gold anomalies in soil samples and trench samples (up to 1.5 g/t Au) and returned 1.53 m of 4.27 g/t Au from 35.05 m depth.

Results suggest that Au at the Ulli's Ridge target is associated with As and Mo values in a north-northwest-south-southeast-trending system which remains underexplored and open in multiple directions and warrants follow-up exploration activity. There is a 300-metre gap between the limited drill testing that has been carried out and the northernmost 1,000 metres of the anomaly has seen no drill testing to date.

Minneapolis Creek

The Minneapolis Creek target is approximately 3.5 km northwest of the Golden Saddle deposit and covers a strong 1,000 m by 250 m northwest-trending gold-in-soil anomaly with values of up to 1,590 ppb Au. RAB drilling followed up on gold anomalies in soil samples, prospecting samples with values up to 5.02 g/t Au and multistation GT Probe hits with values of up to 1.78 g/t Au, all within an airborne magnetic high.

WHTMCR19RAB-002 was drilled at an azimuth of 360 degrees and at a dip of minus 70 degrees. The hole was targeted based on gold anomalies in soil samples, trench samples and GT Probe samples and intersected 3.05 m of 1.52 g/t Au from 0.00 m. The hole only reached 10.67 m due to ground conditions and did not reach its target.

Results to date from Minneapolis Creek suggest that Au is associated with As in a northwest-southeast-trending system, which remains underexplored in both directions and warrants follow-up exploration activity.

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 of 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 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 indicated gold resource of 3.4 million ounces and Western Copper and Gold Corp.'s Casino project which has proven and probable gold reserves of 8.9 million oz Au and 4.5 billion pounds Cu.

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.

Potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource at the White Gold property beyond the Golden Saddle and Arc existing resource, and it is uncertain if further exploration will result in the targets being delineated as a mineral resource.

We seek Safe Harbor.