Mr. David D'Onofrio reports

WHITE GOLD CORP. WELCOMES FEDERAL NATION-BUILDING INVESTMENTS AND SUPPORT FOR RESOURCE DEVELOPMENT IN YUKON

White Gold Corp. welcomes the government of Canada's announcement of the second tranche of nation-building projects under Budget 2025: Canada Strong. This new tranche in federal commitments across infrastructure, clean energy and resource corridor development reinforces Canada's long-term strategy to unlock northern mineral potential and strengthen domestic supply chains.

Importantly, the Prime Minister confirmed that the Northwest Critical Conservation Corridor in northwestern British Columbia and Yukon has now been formally referred to the Major Projects Office (MPO). According to the announcement, this corridor sits atop vast deposits of critical minerals and has the potential to unlock world-class resources, underscoring Yukon's strategic role in Canada's mineral future.

The continued release of major project investments -- first in September and now again in November -- demonstrates a clear and sustained federal commitment to advancing responsible resource development across Canada, with Yukon repeatedly highlighted as a region of national strategic importance.

White Gold also congratulates Yukon's new Premier following the recent territorial election and looks forward to continued collaboration with the government of Yukon, first nation governments and local communities under this renewed mandate.

"These recent announcements reinforce what we and many others in the industry have long believed: The Yukon is one of Canada's most important mineral jurisdictions," said David D'Onofrio, chief executive officer. "As the federal government prioritizes accessing Canada's vast mineral wealth, infrastructure and northern development, companies in the Yukon are exceptionally well positioned to contribute to Canada's economic and strategic goals."

Federal support strengthens the outlook for Yukon exploration

The federal announcement emphasizes three priorities that directly support resource development in Yukon.

Modern infrastructure to unlock northern resources

The federal announcement explicitly references the Northwest Critical Conservation Corridor, which spans northwestern British Columbia into Yukon and covers areas hosting significant gold and critical mineral potential. The Prime Minister noted that infrastructure investments under this strategy also link clean electricity to Canada's ability to export LNG (liquefied natural gas) and that extending transmission northward can also power Yukon and unlock additional resources. These measures could meaningfully improve long-term energy security and operating conditions for Yukon-based projects.

Acceleration through the Major Projects Office

By referring the Northwest Critical Conservation Corridor to the MPO, the federal government has signalled its intent to fast-track federal co-ordination for projects with the potential to unlock large-scale mineral development across Yukon and northwest British Columbia.

Critical minerals as a strategic national priority

The announcement highlights the Yukon- British Columbia grid connect as a key component of Canada's long-term energy and critical minerals strategy. The government emphasized that connecting the Yukon's isolated electrical grid to the Canadian grid through British Columbia will increase energy security and provide clean power to communities in Canada's northwestern corridor, reducing reliance on diesel and creating conditions supportive of new mineral development.

White Gold's Yukon portfolio strategically located within a growing national priority

White Gold controls a district-scale 20-plus-property portfolio across the White Gold district of west-central Yukon -- a very prospective and underexplored gold and other mineral camp. The company's properties are situated in areas that stand to benefit meaningfully from future infrastructure investments, clean-power initiatives and enhanced regulatory co-ordination.

These federally recognized initiatives -- including the Northwest Critical Conservation Corridor and the proposed Yukon-British Columbia grid connect -- strengthen the long-term operating environment for explorers such as White Gold, whose district-scale portfolio lies within one of Canada's most significant emerging mineral corridors.

Positioned for growth as Yukon's resource landscape evolves

The company believes the combined effect of the federal government's nation-building infrastructure commitments, the MPO's mandate to streamline major project developments, and a new territorial government focused on economic growth and community partnership creates a highly constructive environment for mineral exploration and development over coming decades.

White Gold will continue advancing its fully financed 2025/2026 exploration plans, including drilling at flagship assets such as Golden Saddle, Arc, Ryan's Surprise, VG, and multiple prospective regional gold and critical mineral targets.

Resources and opportunities in the White Gold district

West-central Yukon is host to several prospective gold and critical mineral districts, including the White Gold, Dawson Range, Klondike and Sixty Mile districts. The Klondike district was the epicentre of the historic Klondike gold rush in 1896, with over 20 million ounces of placer gold production having been reported in the region since that time.

The company's property portfolio, which covers large portions of the White Gold district, was assembled by renowned prospector Shawn Ryan and represents the largest claim package in the region. The district-scale portfolio includes the company's flagship White Gold project, which 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 grams per tonne gold), with significant expansion potential on the resource itself and in the immediately surrounding area. All four of White Gold's near-surface deposits, which form the White Gold project, are interpreted to represent structurally controlled orogenic gold systems.

Regional exploration work has also produced several other new discoveries and prospective targets on the company's claim packages. Two significant advanced-stage projects border the company's claims to the south, including:

• The Coffee project, owned by Newmont Corp. and which Newmont has entered into an agreement to sell to Fuerte Metals Corp., hosts measured and indicated resources of 80 million tonnes grading 1.15 grams per tonne gold for 2.96 million ounces of gold and inferred resources of 21.2 million tonnes grading 1.17 grams per tonne gold for 800,000 ounces gold.
• The Casino project, owned by Western Copper and Gold Corp., contains measured and indicated resources of 2,490.7 million tonnes grading 0.18 gram per tonne gold and 0.14 per cent copper for 14.8 million ounces of gold and 7.6 billion pounds of copper and inferred resources of 1.4 million tonnes grading 0.14 gram per tonne gold and 0.14 per cent copper for 6.3 million ounces of gold and 3.1 billion pounds of copper.

The region has seen significant investment by major mining companies in recent years, and Yukon is consistently ranked among the top global mining jurisdictions on the Fraser Institute's Investment Attractiveness Index.

Other matters

The company has engaged Departures Capital Inc., effective Nov. 19, 2025, to provide marketing and investor relations services designed to enhance White Gold's investor visibility and awareness. The total contract value is $15,000 for a period of six months, payable in advance of services. Departures Capital is at arm's length to White Gold, and, to the company's knowledge, neither Departures Capital nor its principals have any present interest, directly or indirectly, in White Gold's securities, nor any right or intent to acquire such an interest.

Departures Capital can be reached at Suite 1500, 409 Granville St., Vancouver, B.C., V6C 1T2 (telephone: 519-590-6985; e-mail: contact@departurescapital.com).

About White Gold Corp.

The company 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 and 1,265,900 ounces of gold in inferred resources. Regional exploration work has also produced several other new discoveries and prospective targets on the company's claim packages that border sizable gold discoveries, including the Coffee project, owned by Newmont and which Newmont has entered into an agreement to sell to Fuerte Metals, hosts measured and indicated resources of 80 million tonnes grading 1.15 grams per tonne gold for 2.96 million ounces of gold and inferred resources of 21.2 million tonnes grading 1.17 grams per tonne gold for 800,000 ounces gold; and Western Copper and Gold's Casino project, which has measured and indicated resources of 2,490.7 million tonnes grading 0.18 gram per tonne gold and 0.14 per cent copper for 14.8 million ounces of gold and 7.6 billion pounds of copper and inferred resources of 1.4 million tonnes grading 0.14 gram per tonne gold and 0.14 per cent copper for 6.3 million ounces of gold and 3.1 billion pounds of copper.

We seek Safe Harbor.