White Gold Corp. Closes Upsized $23 Million Private Placement

TORONTO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company” or “White Gold”) is pleased to announce it has closed its previously announced brokered private placement consisting of the sale of units (the “Units”), premium flow-through units (the “FT Units”) and common shares issued as “flow-through shares” (the “FT Shares”, and together with the Units and FT Units, the “Offered Securities”), for aggregate gross proceeds of approximately $23 million, which included the exercise in full of the Agents’ (as defined below) option (the “Offering”).

The Offering was conducted by Clarus Securities Inc. as sole bookrunner and lead agent (the “Lead Agent”) and a syndicate of agents including Canaccord Genuity Corp., SCP Resource Finance LP and ATB Securities Inc. (collectively with the Lead Agent, the “Agents”).

Pursuant to an existing investor rights agreement between the Company and Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) (“Agnico”), Agnico exercised its right to participate in the Offering. Insider participation also included PowerOne Capital Corp., David D’Onofrio, CEO and Dylan Langille, VP Exploration.

“We are very grateful for the interest from new and existing shareholders as we continue to advance our flagship White Gold Project which has now grown into a leading large scale high-grade open pittable gold deposit in a tier-one jurisdiction in Canada. This financing provides the resources to execute our largest drill program to date to build on the recent growth, targeting expanding the high-grade core as well as further expanding and/or testing the many other targets in close proximity, as well as ongoing economic evaluation. Exploration activities will also continue to focus on unlocking value across our district scale land package targeting gold and critical mineral opportunities in the underexplored White Gold District, which is seeing resurgent interest along with other areas of the Yukon,” stated David D’Onofrio, Chief Executive Officer.

White Gold owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 square kilometres) representing approximately 40 per cent of Yukon's emerging White Gold district. The company's flagship White Gold project hosts four near-surface gold deposits, which collectively contain an estimated 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025), with significant expansion potential on the resource itself and in the immediately surrounding area. Regional exploration work has also produced several other new discoveries and prospective targets on the company's claim packages, some of which border sizable gold and copper projects, including the Coffee project owned by Newmont Corp., (which Newmont has entered into an agreement to sell to Fuerte Metals Corp.) and Western Copper and Gold Corp.'s Casino project.