G4G Capital Corp. (to be renamed White Gold Corp.) Announces Strategic Investment by Agnico Eagle and Private Placement

TORONTO, ONTARIO--(Marketwired - Dec. 5, 2016) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

G4G Capital Corp. (TSX VENTURE:GGC) to be renamed White Gold Corp. (the "Company") announces that Agnico Eagle Mines Limited ("Agnico Eagle") has entered into a share purchase agreement to make a strategic investment (the "Strategic Placement"), pursuant to which Agnico Eagle has agreed to purchase such number of common shares of the Company ("Common Shares") equal to 19.93% of the total number of issued and outstanding Common Shares, after giving effect to the Private Placement (as defined below), at a price of C$1.20 per Common Share (the "Purchase Price"). Assuming the Private Placement is fully subscribed, Agnico Eagle will purchase 12,100,000 Common Shares for gross proceeds of C$14,520,000.

Concurrently with the Strategic Placement, the Company intends to complete an offering of up to an additional 2,900,000 Common Shares on a non-brokered private placement basis, at the Purchase Price, for aggregate gross proceeds of up to an additional C$3,480,000 (the "Additional Placement" and collectively with the Strategic Placement, the "Private Placement"). Purchasers of the Additional Placement will include Rob McEwen, Pat DiCapo (who currently owns, directly or indirectly, approximately 31% of the Common Shares), Shawn Ryan and other insiders of the Company. The total gross proceeds raised in the Private Placement are expected to be C$18,000,000.

The Company intends to use the proceeds from the Private Placement together with its current cash on hand: (i) to fully fund the Company's proposed three year exploration program aggregating approximately C$15,000,000; (ii) exercise the option (the "Option") to complete the acquisition of 100% of the 21 properties, comprising approximately 12,301 quartz claims located in the White Gold District of the Yukon Territory (the "Properties") from Shawn Ryan and Wildwood Exploration Inc.; and (iii) for general working capital purposes.

David D'Onofrio, President and CEO of the Company, states: "We are very excited to welcome Agnico Eagle as a strategic investor and partner in White Gold. Agnico Eagle is an experienced leader in the precious metals sector with a successful track record of identifying and building quality assets globally. Agnico Eagle's investment recognizes the potential to advance the Company towards being a key player in the White Gold District. The proceeds from the Private Placement allow us to fully fund our proposed three year exploration program, to aggressively explore several of our targets which we believe have the potential to host a significant gold system. The program contemplates a total of approximately 20,000 meters of drilling per year for the next three years (for a total of approximately 60,000 meters of drilling)".