Mr. Sandeep Singh reports

WESTERN COPPER AND GOLD EXTENDS TECHNICAL COLLABORATION WITH RIO TINTO

Western Copper and Gold Corp. has extended and revised its investor rights agreement (IRA) with Rio Tinto Canada Inc.

As part of a revised IRA, Rio Tinto will continue to hold a seat on the Casino technical and sustainability committee (TSC), along with one representative from Mitsubishi Materials and three from Western, to promote continuing technical collaboration. Rio Tinto's existing standstill and trading restrictions, along with certain other obligations, will remain in effect, while the previous board observer right and potential board seat rights have been extinguished. The revised IRA will expire on the earlier of Nov. 30, 2026, or when Rio Tinto's ownership falls below 5 per cent.

"We are pleased to maintain Rio Tinto's presence on the TSC as it has been mutually beneficial to both Western and Rio Tinto," said Sandeep Singh, president and chief executive officer. "Rio Tinto remains a supportive shareholder and we value the expertise they bring to bear on the project. It did make sense, however, to refine some of the previous rights, especially as we have taken steps to enhance our own independent board of directors over time."

About Western Copper and Gold Corp.

Western Copper and Gold is developing 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.