White Gold Corp - Leveraged Exposure to New Discoveries in the Yukon's Emerging Gold District

• District-scale land package with multiple properties covering emerging gold trends in the Yukon’s White Gold District
• Strategic partners including Agnico Eagle Mines, Kinross Gold, and Eric Sprott provide capital, expertise, and validation
• Existing resources of 1.5 million ounces gold Indicated and 1.1 million ounces Inferred, open for expansion
• Approx. $6 million in cash to fund exploration and operations

About White Gold Corp

White Gold Corp (TSX-V: WGO, OTC-NASDAQ INTL: WHGOF, FRA: 29W) is a Canadian mineral exploration company focused on discovering and advancing large-scale gold projects in the emerging White Gold District of the Yukon Territory. With a portfolio of claims covering over 350,000 hectares, strategic partners including major mining companies, and recent discoveries demonstrating the district’s potential, White Gold offers investors exposure to a new Canadian gold belt.

White Gold Corp was formed in 2016 through the combination of Shawn Ryan’s Yukon gold claims with the White Gold and Black Fox properties previously owned by Kinross Gold. The company’s holdings now span a vast area stretching over 70km south from the Klondike area to the Stewart River, encompassing several prospective trends and mineralized zones.

Leading White Gold is renowned prospector Shawn Ryan, who helped ignite the Yukon gold rush after acquiring claims in the White Gold area in the early 2000s. His work led to the discoveries of the Coffee and White Gold deposits, the latter of which was sold to Kinross for $140 million in 2010. Also intimately familiar with the territory and its potential is Chief Executive Officer David D’Onofrio, whose group has been actively investing in the Yukon for over 15 years.

Interview with David D'Onofrio, Chief Executive Officer

Strategic Partners Provide Expertise & Funding

A key advantage for White Gold is its high-profile strategic shareholders and partners. Agnico Eagle Mines and Kinross Gold, two of Canada’s largest gold producers, own approximately 19% and 15% of the company respectively. Agnico has also elected to participate in equity financings, recently investing an additional $4.5 million. Noted mining investor Eric Sprott is another key shareholder, with approximately 46% fully diluted ownership through various personal holdings.

In 2019, White Gold entered into a $13 million option agreement with Agnico Eagle on its QV project which adjoins the Coffee project held by Goldcorp (recently acquired by Newmont). Other partners helping to fund and advance exploration include Kinross Gold andicals. This backing from major mining companies provides third-party validation of White Gold’s assets in the region.

Flagship White Gold Project

The flagship White Gold project covers over 40km of the emerging White Gold and Black Fox–Stampede gold trends in west-central Yukon. It comprises 1,792 claims totaling over 34,000 hectares and hosts the company’s Golden Saddle and Arc deposits.

The Golden Saddle deposit is the primary resource delineated to date, containing an updated indicated mineral resource of 1.1 million ounces gold at 2.28 g/t and inferred resource of 348,000 ounces at 1.39 g/t. The deposit consists of a series of subparallel zones trending northeast-southwest and dipping to the west. Mineralization is open along strike and at depth, with planned drilling aimed at continuing to define and expand the current resource.

Located 11km north of Golden Saddle, the Arc deposit hosts an inferred resource of 377,000 ounces gold at 1.4 g/t. Drilling has outlined mineralization over a 2.2km strike length that is open in multiple directions. The sediment-hosted Arc deposit provides a second significant source of oxide gold mineralization at White Gold.

Additional Targets & Recent Discoveries

Beyond Golden Saddle and Arc, multiple other targets exist across White Gold’s claim blocks, several of which have yielded exciting drill results in recent years. These provide opportunities for further discoveries and growth. Highlights include:

• The Ryan’s Surprise discovery at the Ulli’s Ridge target returning 6.94 g/t Au over 20m, within longer intercepts of 2.1 g/t over 74m and 1.46 g/t over 149m. Only 150m west of Golden Saddle, Ulli’s Ridge demonstrates the potential for additional nearby deposits.
• Drilling at the Betty Ford target intersected 1.08 g/t Au over 50.29m, expanding this zone along strike. Betty Ford is located on the eastern extension of the Coffee Creek fault which hosts Newmont’s Coffee deposit.
• The Nolan area has also yielded encouraging early results including 1.58 g/t over 21m and 2.58 g/t over 9m. Nolan covers an 11km trend that is interpreted to be an extension of the Coffee Creek structure.

Plans for 2023 Exploration & Advancement

Fully funded with approximately $6 million in cash, White Gold is set to carry out its largest exploration program since 2020 this year. Work will involve further drilling at Golden Saddle and Arc to upgrade and expand resources, as well as first pass drilling on several regional targets including Ulli’s Ridge and the high-grade VG deposit.

According to CEO David D’Onofrio, demonstrating additional value across its holdings is a key objective in 2023 as the company looks to advance discussions with prospective partners. The recent exercise of Agnico Eagle’s options to increase its stake to 19.9% is evidence of major miners’ interest. White Gold’s ultimate goal is to delineate and establish resources across multiple deposits that can be aggregated into larger development opportunities.

Investment Highlights

White Gold represents a unique opportunity for investors seeking exposure to new discoveries and resource growth in a top-tier mining jurisdiction:

• District-scale land package with multiple properties covering emerging gold trends in the Yukon’s White Gold District
• Strategic partners including Agnico Eagle Mines, Kinross Gold, and Eric Sprott provide capital, expertise, and validation
• Existing resources of 1.5 million ounces gold Indicated and 1.1 million ounces Inferred, open for expansion
• New discoveries demonstrating potential for further gold deposits across holdings
• Planned 2023 exploration program to add ounces and advance projects
• Approx. $6 million in cash to fund exploration and operations
• Gold price approaching record highs enhances economics of deposits

For investors with a higher risk tolerance, White Gold Corp offers leveraged exposure to new gold discoveries in a proven Canadian mining region. The company’s strategic partners, existing resources, and high-potential targets provide an intriguing value proposition. Further exploration success in 2023 and beyond could generate substantial returns.