White Gold Corp. Announces Webinar to Provide Further Details on its Upcoming Fully Funded 2020 Exploration Program and Corporate Update

TORONTO, May 25, 2020 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce an online Webinar hosted by management on Thursday, May 28th, 2020. David D'Onofrio – CEO, Shawn Ryan – Chief Technical Advisor and Terry Brace – VP of Exploration, will present additional details on the Company’s fully funded 2020 exploration program on its extensive 422,000+ hectare land package, representing over 40% of the prolific White Gold District in Yukon, Canada. The 2020 exploration program, budgeted at approximately $4.0 Million, has been designed to further test high priority targets and recent high-grade discoveries on the Company’s White Gold, Hen and JP Ross properties, as well as to identify and advance other targets throughout its regional land package. Backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC), the 2020 exploration program is scheduled to commence in the coming weeks.

The White Gold Corp webinar will take place on Thursday, May 28th, 2020, at 1 p.m. ET (10 a.m. PT). The Management Team will be available to answer questions following the presentation.

Live webinar registration: https://webinars.6ix.com/6ix/White-Gold-Exploration-2020

Dial-in Number: 1 [phone]
Dial-in ID Number: 536652#
Dial-in Passcode Number: 8741#

Highlights Include:

• Recently announced fully subscribed $6 million private placement at $0.90 per flow-through common share with Agnico Eagle & Kinross each maintaining their 17.1% interest in the Company and Eric Sprott to participate.
• Ryan’s Surprise target (along strike with the Golden Saddle Deposit): 1,500 m diamond drill program to test for strike and down-dip extensions of high-grade mineralization encountered in 2019.
• Titan target: 1,500 m diamond drill program to test the extents of high-grade mineralization encountered in 2019 rotary air blast (RAB) drilling which included 72.81 g/t Au over 6.09 m from 10.67 m depth, within a 32m zone of mineralization.
• Approximately 25 RAB holes will be drilled to test high-priority targets on the White Gold, Hen and JP Ross properties.
• Mechanical trenching will be carried out on multiple newly identified targets on the JP Ross property to collect key structural data to aid in ongoing interpretations and future drill planning.
• Extensive regional exploration work on other properties will include geologic mapping and prospecting, soil sampling, GT probe sampling, ultra high-resolution drone imagery, and ground magnetics and VLF surveying on the Betty, Nolan, Bonanza and Tea properties.
• A district scale map outlining the Company’s planned 2020 exploration work areas and other images on key targets can be found at http://whitegoldcorp.ca/investors/exploration-highlights

2020 Exploration Program Summary: