White Gold Corp. Drills 6.10 Metres of 5.24 g/t Gold at Golden Saddle Deposit

TORONTO, ONTARIO--(Marketwired - Nov. 6, 2017) - White Gold Corp. (TSX VENTURE:WGO) (the "Company") is pleased to announce additional results from reverse circulation ("RC") and diamond drill ("DD") holes completed on the historical Golden Saddle deposit (the "Golden Saddle deposit", "deposit" or "resource")⁽⁵⁾ located on the White Gold Property, Yukon. The results reported herein further define the extension of the Golden Saddle Main Zone ("GS Main") towards surface and the significant extension of mineralization associated with the Footwall Zone to the west and down-dip in undrilled and coarsely drilled portions of the deposit. Additional drill results are pending from the Golden Saddle deposit and historical Arc deposit (the "Arc deposit")⁽⁵⁾ as well as the newly defined Golden Saddle East and Ulli's targets and will be released in due course. Detailed maps related to the drilling and additional information can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights include:

• WHTGS17RC-012 intercepted 5.24 g/t Au over 6.10m and 6.10 g/t Au over 4.57m within a broader intercept of 1.33 g/t Au over 109.73m from 39.62m depth, successfully extending the continuity and near surface projection of the GS Main Zone
• WHTGS17DD-171 extended Footwall Zone mineralization by 50m to the west; intercepting 7.61 g/t Au over 2.0m from 222m depth and 3.45 g/t Au over 9.0m from 219m within a broader intercept of 1.19 g/t Au over 34m from 215m depth
• WHTGS17DD-172 extended Footwall Zone mineralization by 125m to the west; intercepting 5.66 g/t Au over 1.0m within a broader intercept of 1.8 g/t Au over 7.0m from 205m depth
• WHTGS17RC-016 extended Footwall Zone mineralization by 125m to the west and 75m up-dip; intercepting 1.44 g/t Au over 16.76m within a broader mineralized intercept from 134.11m depth
• WHTGS17RC-011 intercepted 4.06 g/t Au over 65.53m from 48.768m depth within a broader intercept of 2.61 g/t Au over 111.25m from 47.24m depth
• WHTGS17RC-009 extended Footwall Zone down-dip continuity 125m intercepting 5.37 g/t Au over 6.10m within a broader intercept of 1.31 g/t Au over 27.43m from 149.35m; and also extended GS Main Zone continuity 50m up-dip
• Overall significant extension of the subparallel Footwall Zone beneath the GS Main Zone to the west, towards surface and down-dip; demonstrating the potential for additional near surface mineralization in undrilled and coarsely drilled portions of the deposit, as well as increased continuity of the GS Main Zone and extension toward surface

Golden Saddle Exploration Update

Diamond Drill Results

WHTGS17DD-171 ("DD-171") was drilled on a 160° azimuth and a -75° dip to a total depth of 393m. It is located at the same site as historic diamond hole WGGS10D0136⁽¹⁾; approximately 50m outside of the historic resource area. The purpose of this hole was to step out 50m to the west from the historic resource area and infill a 150m gap between significant Footwall Zone intercepts in historic holes WGGS10D0121⁽¹⁾ (2.10 g/t Au over 36m from 173m depth) and WGGS10D0136⁽¹⁾ (2.00 g/t Au over 29.8m from 274.16m depth; including 4.88 g/t Au over 6m from 284m depth). Results include 1.19 g/t Au over 34m from 215m depth; including 3.45 g/t Au over 9.0m from 219m depth and 7.61 g/t Au over 2.0m from 222m depth. The results confirm continuity of Footwall Zone mineralization between the historic holes and add 50m of strike length to near surface mineralization within the Footwall Zone beyond the limits of the historic resource calculations⁽⁵⁾.

WHTGS17DD-172 ("DD-172") was drilled on a 160° azimuth and a -45° dip to a total depth of 258m. It is located at the same site as historic diamond hole WGGS10D0153⁽¹⁾, approximately 110m to the NW of DD-171. The hole returned 1.8 g/t Au over 7.0m from 205m depth, including 5.66 g/t Au over 1.0m from 208m depth. On section, the intercept is a 75m extension of the mineralized Footwall Zone intercepted in DD-171 above; and extends mineralization 125m to the west of the historic resource area⁽⁵⁾. Only results from the bottom of the hole have been received to date and results from the upper 184m of the hole are pending and will be reported in due course.

David D'Onofrio, Chief Executive Officer, commented: "We are very pleased to see that the results to date have successfully extended mineralization at the Golden Saddle and validate the Company's belief that the deposit remains open in multiple directions."

Significant results from the Golden Saddle 2017 drill program are detailed in the tables below.

RC Drill Results

WHTGS17RC-009 was drilled on a 160° azimuth and -55° dip to a total depth of 179.83m. The collar is located between historic diamond holes WD-020⁽²⁾ & WD-092⁽³⁾ and infills a 75m gap along the surface trace of the Golden Saddle Main zone between the historic holes and was extended to depth to test for continuity of the Footwall Zone to the east in an undrilled portion of the deposit. Three intercepts are noted in the hole and include 0.99 g/t Au over 7.62m from 12.192m depth and 1.12 g/t Au over 10.67m from 38.10m depth. Both intercepts are from the Golden Saddle Main Zone and add 50m of up-dip continuity from historic diamond hole WD-046⁽⁴⁾. The third intercept consisted of a broader zone of alteration returning 1.31 g/t Au over 27.43m from 149.35m depth; including 5.37 g/t Au over 6.10m from 150.88m depth. The intercept was within and infilled a gap in the Footwall Zone, adding approximately 125m of down-dip continuity from surface, and demonstrates the potential for high grade (>5 g/t Au) mineralization within the Footwall Zone.

WHTGS17RC-011 was drilled on a 160° azimuth and -72° dip to a total depth of 163.07m. The hole was drilled adjacent to historic diamond hole WD-043⁽⁴⁾ for QAQC purposes related to future resource modelling. The drilling returned 2.61 g/t Au over 111.25m from 47.24m depth; including 4.06 g/t Au over 65.53m from 48.768m depth. The results compared favorably with the historic diamond hole which returned 2.29 g/t Au over 106m from 45m depth.

WHTGS17RC-012 was drilled on a 160° azimuth and -55° dip to a total depth of 169.21m. It was drilled from the same site as WHTGS17RC-011, and was designed to infill an approximately 65m gap between WD-043⁽⁴⁾ and the surface projection of the GS Main. Results indicate a broad intercept of 1.33 g/t Au over 109.73 from 39.62m depth; including 5.24 g/t Au over 6.10m from 39.62m depth and 6.10 g/t Au over 4.57m from 74.68m depth.

WHTGS17RC-016 was drilled on a 160° azimuth and -75° dip to a total depth of 178.35m, and is located 155m to the SE of DD-172. Results include an intercept of 1.44 g/t Au over 16.76m from 134.11m within a broader intercept of 0.72 g/t Au over 38.1m from 134.11m depth. The intercept extends Footwall Zone mineralization approximately 75m up-dip from DD-172 reported above, and together extend mineralization 125m to the west of the historic resource area⁽⁵⁾.

True thickness is estimated to be between 65 - 95% of the reported intercepts.

The 2017 drilling campaign on the White Gold Property represents the first drilling program on the property since the previous operator Kinross Gold Corp. A total of 4,432m over 31 RC holes and 1,295m over 4 diamond holes have been completed by the Company in 2017 on the White Gold property to date. This includes 4,151m of drilling on the Golden Saddle deposit with additional drilling on the Arc deposit and newly identified Golden Saddle East and Ulli's target areas. Complete results have been reported for 10 of the RC holes and 2 diamond drill holes to date. Assays for the additional holes will be reported in due course.

The Company encourages individuals interested in the Company to visit its website (www.whitegoldcorp.ca) to further understand the size and scope of the Company's projects in the White Gold District.

The analytical work for the 2017 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All soil samples were using procedure SS80 (dry at 60 C and sieve 100g at -80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). All rock, GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

Qualified Person

Jodie Gibson, PGeo, VP, Exploration of the Company is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), and has reviewed and approved the content of this news release. Potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource on any of the Company's properties to date, and it is uncertain if further exploration will result in any such target being delineated as a mineral resource.

The reported work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the insertion of certified standards, blanks, and field duplicates into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

⁽⁵⁾Information Regarding Historical Resources/Deposits

All historical scientific and technical information relating to the White Gold Properties is based on and derived from the 43-101 report titled "White Gold Property Dawson Range Yukon, Canada" dated March 3, 2010, prepared by Lars Weiershäuser, P.Geo, Marek Nowak, P.Eng and Wayne Barnett, Pr.Sci.Nat. of SRK Consulting (Canada) Inc.) (the "Technical Report") available on Sedar and other information available to the Company as referenced herein. The property was historically explored by Underworld Resources from 2007 - 2009 and included the discovery of the Golden Saddle and Arc deposits. In 2010, Underworld reported a resource estimate of 1,004,570 ounces contained in 9.80 Mt at a grade of 3.19 g/t Au in an Indicated category, with an additional 407,410 ounces contained in 5.02 Mt at a grade of 2.5 g/t Au in an Inferred category for the Golden Saddle deposit. At the Arc deposit, the initial resource included 170,470 ounces contained within 4.37 Mt at a grade of 1.21 g/t Au in the inferred category (reported in Underworld Resources New Release UW2010-NR#2 dated January 19, 2010 and the Technical Report. Kinross purchased Underworld shortly after the initial resource was released in 2010 and explored the property from 2010 - 2012. In 2013, Kinross released the results of a resource estimate for the Golden Saddle deposit and reported a resource of 840,000 ounces within 9.79 Mt at a grade of 2.67 g/t Au in an Indicated category, with an additional 125,000 ounces within 2.17 Mt at a grade of 1.8 g/t Au in an Inferred category (reported in Kinross Gold Corp.'s 2016 Mineral Reserves and Resource Statement).

Both Underworld's and Kinross' resource estimates are considered historical estimates and the Company is not treating them as current mineral resources. Although the Company believes these sources to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other inherent limitations and uncertainties. In addition to the Golden Saddle and Arc deposits, there are numerous other targets known on the property that warrant follow-up work (for more information see Yukon Assessment Report #'s 095338, 096206, & 096207). The information contained herein is subject to all of the assumptions, qualifications and procedures set out in the Technical Report and reference should be made to the full details of the Technical Report which may be obtained from the Company by contacting This email address is being protected from spambots. You need JavaScript enabled to view it.. Disclosure of the historical estimates in this news release is derived from the Technical Report and other information as set forth above previous press releases of the company as available on Sedar and has been judged to be relevant and therefore suitable for disclosure, however should not be relied upon. There are numerous uncertainties inherent in the historical estimates, which are subject to all of the assumptions, parameters and methods used to prepare such historical estimates and reference is made to the full text of the Technical Report with respect thereto. The historic estimates of mineral resources were estimated in conformity with generally accepted CIM "Estimation of Mineral Resource and Mineral Reserve Best Practices" Guidelines. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There are no other recent estimates or data are available to the Company as at the date of this news release and a detailed exploration program is required to be conducted by the Company in order to verify or treat the historical estimate as a current mineral resource. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources.

About White Gold Corp.

The Company owns a portfolio of 19,438 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon's White Gold district. Preliminary exploration work has produced several prospective targets. The claim packages are bordered by sizable gold discoveries including the Coffee project owned by Goldcorp Inc., Western Copper and Gold Corporation's Casino project, and the Golden Saddle and Arc deposits acquired by the Company in June 2017 from Kinross Gold Corp. The Company has outlined an aggressive exploration plan to further explore its properties. For more information visit www.whitegoldcorp.ca.