White Gold Corp. (TSX.V: WGO, OTC: WHGOF, FRA: 29W) (the 'Company') is pleased to announce results for surface sampling, mechanical trenching and rotary air blast drilling programs completed on its road accessible JP Ross property which identified additional and widespread structurally controlled gold mineralization at multiple targets, and RAB, reverse circulation ('RC') and diamond drilling results on its Titan project on the Hen property, Yukon Canada.

This work formed part of the Company's 2020 exploration program backed by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) on its extensive 420,000 hectare land package in the prolific White Gold District, Yukon, Canada.

Highlights Include: At the JPR property, additional gold mineralization encountered on multiple targets hosted within a regional scale structurally controlled mineralized system.

Trenching at the Vertigo target identified a new mineralized zone grading 2.16 g/t Au over 21.0m including higher grade subzones of 5.69 g/t Au over 3.0m and 4.15 g/t Au over 5.0m, associated with a southeast trending gold-in-soil geochemistry anomaly which remains open along strike.

JPR RAB drilling encountered gold mineralization in every hole with mineralized zones ranging from 0.20-3.29 g/t Au over widths of 1.5-9.1m.

Rock samples from a hand dug pit collected on the recently discovered Notorious target confirmed the presence of high-grade gold mineralization. The two deepest samples at 1.4m and 1.5m returned the highest values including 18.2 g/t Au & 33.6 g/t Ag and 4.376 g/t Au & 9.8 g/t Ag, respectively.

Structural analysis of the Notorious target area based on LiDAR and magnetics confirms a favourable structural geological setting.

At Titan, RC and diamond drill holes were completed 8m and 4m respectively from RAB hole HENTTN19RAB-002 (72.81 g/t Au over 6.09m) to better quantify the grade and width of mineralization. Hole HENTTN20RC-001 intersected 105.0 g/t Au over 1.53m from 12.19m depth & HENTTN20D-003 intersected 37.40 g/t Au over 1.5m from 14.0m depth.

Titan diamond drilling intersected multiple felsic dykes up to 10m wide, locally with well-developed quartz veinlets with potassium feldspar haloes and trace pyrite and galena, confirming intrusive activity and potential for buried porphyry style alteration and mineralization.

Source of magnetic highs on Titan target is magnetite-rich zone(s) with anomalous copper near the base of a mafic unit.

Significant additional results from the 2020 exploration program to be announced in the coming weeks.

All gold intersections reported herein are measured drill or trench lengths as insufficient work has been carried out to determine true widths.

'We are pleased to have encountered further additional gold mineralization across multiple recently identified zones as well as confirmed the high-grade mineralization on the newly discovered Notorious target, providing further indication that the abundant gold mineralization is part of a robust regional scale structurally controlled system on the JP Ross Property. This program has also provided valuable insight into the orientation and geometry of the mineralized systems, information that has been incorporated into our scientific and data driven methodology to define drill targets for the upcoming season. We look forward to releasing additional results from our 2020 exploration program and continuing to advance our projects in 2021.' stated David D'Onofrio, CEO.

AME Roundup 2021

The Company is pleased to invite interested parties to its virtual booth at the AME Remote Roundup 2021 Virtual Conference. Learn more about the Company's unique district-scale gold investment opportunity with significant defined resources and new discovery potential in the emerging White Gold District, Yukon, Canada. The virtual booth includes highlights of 2020 achievements, in-depth interviews by management, along with an interactive chat and a discussion of what investors can look forward to in 2021.

About RAB Drilling

The Company successfully utilizes rotary air blast (RAB) drilling as an efficient and cost effective first-pass exploration drilling technique on its White Gold District projects, Yukon. The RAB drill rig is an ultra-portable, wireless remote-controlled rubber tracked drill that uses compressed air to actuate a downhole hammer and can drill holes at a wide range of angles (50-90-degree) and to a length of approximately 100 meters. Rock cuttings are returned to surface under pressure between the drill pipe and wall of the open hole, so samples may under certain circumstances incur cross contamination. Once completed each RAB hole is surveyed with a borehole optical televiewer which provides high-resolution digital imagery of the hole walls and key structural orientation data on lithological contacts, fractures, foliations, veins, etc. The Company views RAB drill results as an indication of the presence and general grade of gold at a given target, and encouraging results are followed up with either reverse circulation (RC) or diamond drilling in order to quantify grades and thicknesses of mineralized zones.

About White Gold Corp.

The Company owns a portfolio of 21,207 quartz claims across 32 properties covering over 420,000 hectares representing over 40% of the Yukon's prolific 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 a historic Inferred gold resource of 230,000 ounces at 1.65 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(3).

Cautionary Note Regarding Forward Looking Information

This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'proposed', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company's objectives, goals and exploration activities conducted and proposed to be conducted at the Company's properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company's properties will be successful; exploration results and future exploration plans and costs and financing availability.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company's properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic and those factors described under the heading 'Risks Factors' in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Contact:

David D'Onofrio

Tel: (647) 930-1880

Email: ir@whitegoldcorp.ca

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