White Gold Corp. Announces Fully Funded $6 Million 2022 Exploration Program on its District Scale Land Package, Yukon, Canada - Seite 3

A combination of RC and RAB drilling will also test several additional targets elsewhere on the property including the Black Betty target located directly on the Coffee Creek Fault approximately 5km west-northwest of Betty Ford and the Betty Grable target which may represent a strike extension of the Betty Ford 1.5 km to the west.

White Gold Property
The White Gold property hosts the Company’s flagship Golden Saddle and Arc deposits which have a current combined mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au⁽¹⁾. Exploration drilling over the past 2 seasons has focused on identifying new zones of gold mineralization proximal to the deposits with potential to increase the project’s total gold resource base.

Planned 2022 diamond drilling will focus on the Ryan’s Surprise and Ulli’s Ridge targets, with drilling targeting 3 separate areas: 1) testing of the area between the Ryan’s Surprise and Ulli’s Ridge targets to determine if they are part of the same mineralized zone; 2) test the strike and depth extents of high-grade gold encountered in the 2021 maiden diamond drilling program at Ulli’s Ridge which was highlighted by 6.94 g/t Au over 19.5 m in hole WHTULR21D004 and 3) infill drilling at Ryan’s Surprise to extend and/or connect zones previously identified.

A focused prosecting program is also planned to evaluate the 6.5 km long north-northwest gold and arsenic soil geochemical trend, referred to here as the Ryan’s Trend, which is located approximately 2km west of the Golden Saddle deposit and which also hosts the Ryan’s Surprise and Ulli’s Ridge Targets. Targets will be ranked based on prospecting results and will be RAB drill tested later in the field season. The Company views this area as being highly prospective for new discoveries.

Regional Program

A significant regional exploration program will also be carried out on 10 additional early-stage properties. Work will include geological mapping and prospecting, soil geochemical surveys, LiDAR surveys and drone-borne magnetic surveys. The goal of these programs is to identify new targets that will become the focus of follow-up exploration.

All drill hole intercepts reported in this news release are core and/or RC lengths. Currently there is insufficient data to estimate true thickness.

About White Gold Corp.
The Company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au⁽¹⁾. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit also hosts an Inferred gold resource of 267,600 ounces at 1.62 g/t Au⁽²⁾. Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au⁽³⁾, and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu⁽⁴⁾. For more information visit www.whitegoldcorp.ca.