Mr. Sandeep Singh reports

WESTERN COPPER AND GOLD PROVIDES UPDATE ON STRATEGIC PARTNERSHIP WITH MITSUBISHI MATERIALS

Western Copper and Gold Corp. has provided an update on its continuing strategic partnership with Mitsubishi Materials Corp.

Western and Mitsubishi Materials are in productive dialogue to extend the investor rights agreement between both parties and hope to be able to conclude said extension in the near term. There can be no assurance that the discussions between Western and Mitsubishi Materials will result in a definitive agreement or as to the timing or terms of any such agreement. The company will provide further updates as appropriate.

"Mitsubishi Materials is a committed, highly valued partner on the Casino project," said Sandeep Singh, president and chief executive officer. "We look forward to concluding our constructive discussions in the near term and along the same lines as our existing relationship."

About Western Copper and Gold Corp.

Western Copper and Gold is advancing the Casino project, Canada's premier copper-gold mine in Yukon and one of the most economic greenfield copper-gold mining projects in the world.

The company is committed to working collaboratively with first nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.

We seek Safe Harbor.