Gsilver Signs Term Sheet for US$7.5M Silver/Gold Pre-Payment Facility

Gsilver Signs Term Sheet for US$7.5M Silver/Gold Pre-Payment Facility Expands Relationship with OCIM to Enhance Financial Liquidity VANCOUVER, BC / ACCESSWIRE / March 24, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce that it has signed an indicative term sheet with a Swiss based precious metals trading firm: OCIM Precious Metals S.A. ("OCIM"), to provide US$7.5m in non-dilutive financing in the form of a silver and gold pre-payment facility to strengthen its balance sheet during the ramp-up phase of the Company's El Cubo mine and mill complex located approximately 11 kilometers east of the city of Guanajuato in central Mexico. James Anderson, Chairman and CEO stated: "We are very pleased to be expanding our relationship with OCIM at this time of strong silver and gold prices, which decreases the number of ounces of silver and gold needed to repay the facility. We have a very good working relationship with the team at OCIM and we look forward to working with them in the future with regards to potentially providing additional capital for GSilver's future growth plans." OCIM Pre-Payment Details: The pre-payment facility is for a term of 18 months, secured against GSilver's El Cubo assets, and repayable over a period of 12 months (following a six-month grace period) by GSilver delivering a fixed number of ounces of silver and gold monthly. The number of ounces to be delivered will be calculated at a fixed discount to the prevailing LBMA spot metals' prices on the day of the drawdown of the facility. This financing is subject to various conditions of OCIM including completion of satisfactory due diligence, execution of binding pre-payment documentation and TSXV acceptance, which both parties anticipate finalizing in April 2022. The Company will use a portion of the facility to repay a majority of its current outstanding debt with OCIM, drawn on July 27, 2021. To date, the Company has repaid 2 months of silver and gold deliveries due under its current facility with OCIM, and it will use partial proceeds of this new pre-payment facility to repay the next 7 months' deliveries, leaving only the final three months' deliveries under the existing facility due November 30, 2022, December 30, 2022 and January 31, 2023 totaling 57,228 ounces of silver and 535.2 ounces of gold to be repaid. As of today's date, the Company has approximately US$7.2M in cash on hand; the Company anticipates having approximately US$9.0M in cash on hand after the drawn down of this second OCIM facility in early April 2022. Monthly deliveries of silver and gold ounces to OCIM under the new facility are anticipated to commence in October 2022. About Guanajuato Silver Company Ltd.: GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold from its 100% owned El Cubo and El Pinguico projects, while simultaneously advancing the El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Company Ltd., please contact: JJ Jennex, Gerente de Comunicaciones T: 604 723 1433 E: jjj@GSilver.com Gsilver.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the total silver and gold ounces to be delivered to OCIM under the new pre-payment facility, the net proceeds available to GSilver under the new facility after repayment to OCIM in cash of certain monthly deliveries of silver and gold under the current loan facility and the anticipated date for closing of the new pre-payment facility. Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates at El Cubo and El Pinguico and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; success of the Company's combined El Cubo / El Pinguico operation; the Company's ability to secure external sources of mineralized material for processing, prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions (including political, economic and financial conditions), availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, actual resource grades and recoveries of silver and gold, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, acts of terrorism, the commencement, continuation or escalation of any war, invasion or armed conflict, and other risks in the mining industry. There are no assurances that GSilver will be able to increase production at the El Cubo mill to process mineralized materials to produce silver and gold concentrate in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's 2021 preliminary economic assessment and projected production of silver and gold will be realized. Further, the new pre-payment facility with OCIM is subject to, inter alia, completion of satisfactory due diligence by OCIM and formal documentation and there are no assurances that the facility will be completed on the terms currently contemplated or at all. There is also uncertainty about the continued spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com including the Company's annual information form for its fiscal year ended December 31, 2020. Accordingly, readers should not place undue reliance on forward-looking statements and information. Such statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/694458/Gsilver-Signs-Term-Sheet-for-US75M-SilverGold-Pre-Payment-Facility Copyright © 2022 Guanajuato Silver Company Ltd., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Guanajuato Silver Company Ltd. 578 – 999 Canada Place Vancouver, BC V6C 3E1 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

GSilver Selects Ramon Davila as President

GSilver Selects Ramon Davila as President VANCOUVER, BC / ACCESSWIRE / March 22, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce the appointment of Mr. Ramon Davila to the position of President. Mr. Davila previously joined the Advisory Board of GSilver in February 2021, and subsequently became a full member of the Board of Directors on May 12, 2021. In his new role as President, Mr. Davila will spearhead the Company's plan to transform GSilver into a significant Mexican precious metals producer. Ramon Davila Selected President: James Anderson, GSilver's Chairman and CEO commented, "I frequently point out to investors that Ramon Davila has the best mining resume in all of Mexico. We are delighted that he has decided to make this commitment to bring the full weight of both his mining and government experience to our growing Company. At GSilver, we have big aspirations, and with Ramon fully embedded in the management team, we are confident in our ability to successfully make the transition to becoming a mid-tier producer of silver and gold." From 2004 to 2014 Mr. Davila was Chief Operating Officer and a member of the Board of Directors of First Majestic Silver Corp. ("First Majestic") (TSX:FR) (NYSE:AG). During that 10-year period, he led a team that created five new silver mining operations in Mexico, thereby transforming a fledgling company with no production and just two employees into Mexico's second largest silver producer, with over 12 million ounces of silver equivalent production per year and more that 4000 employees. The rapid rise of First Majestic remains one of the great success stories within the precious metals mining industry. Having already cemented his reputation as a company builder within the mining sector, Mr. Davila then took on the position of Minister of Economic Development for the State of Durango, Mexico, a post he held from 2016 to 2020. Mr. Dávila was instrumental in advancing many resource projects over his four-year term, and in the process, dramatically improved upon the State's financial situation. Mr. Davila has built his career on helping to grow the world's largest silver producers into the international industry leaders they are today. Prior to his work with First Majestic, Mr. Davila was responsible for all Mexican operations for Pan American Silver Corp.(NASDAQ: PAAS) (TSX:PAAS), one of the world's premier mining companies. He started his career with Industrias Penoles, S.A. de C.V. (BMV: PE&OLES), where he spent 11-years with the then pre-eminent silver mining firm in Mexico. With this appointment, Mr. Davila will be "returning home" to Guanajuato, where he obtained a degree in Mining and Metallurgical Engineering from the University of Guanajuato. He also holds a Master of Science degree in Mineral Economics from the Colorado School of Mines. Ramon Davila will be working very closely with GSilver's COO, Hernan Dorado, who added, "I am thrilled that Ramon has taken on this role within the Company. GSilver's business is the successful revitalization and restart of Mexican silver mines, and Ramon is ideally suited to help us execute our plan and to use the currently producing El Cubo mine and mill as a platform for expansion within the Guanajuato Mining District." In conjunction with his appointment as President, the Company has granted Mr. Davila an incentive stock option to purchase up to 500,000 common shares of the Company at a price of $0.64 per share exercisable for a period of five years, subject to vesting of 1/3 on the date of grant and 1/3 on each of the first and second anniversaries of the date of grant. Investor Relations: The Company also reports it has signed a six-month consulting agreement with Amvest Capital Inc. ("Amvest') to provide Investor Relations services to GSilver including webinars, non-deal roadshows and one-on-one video presentations with potential investors. Based in New York City, Amvest is a specialist investment management and corporate finance firm focused solely on the natural resources sector. Amvest and GSilver are at arms-length to one another. Amvest will be paid a monthly fee of US$7,500 and GSilver has granted 200,000 options to Amvest priced at $0.64.These options expire 12-months after termination of the agreement, and the grant is subject to vesting in accordance with TSX Venture Exchange policy for investor relations providers. The monthly fee will be paid out of the Company's general working capital. GSilver may, in its discretion, extend the Consulting Agreement beyond the initial six-month term. As of the date hereof, Amvest holds options to purchase 200,000 shares of GSilver. About Guanajuato Silver Company Ltd.: GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold from its 100% owned El Cubo and El Pinguico projects, while simultaneously advancing the El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Company Ltd., please contact: JJ Jennex, Gerente de Comunicaciones T: 604 723 1433 E: jjj@GSilver.com Gsilver.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the Company's ability to restart production from the El Pinguico mine, the impact Mr. Davila will have on the Company's future growth and expansion, and the transformation of GSilver into a significant mid-tier Mexican precious metals producer. Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates at El Cubo and El Pinguico and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; success of the Company's combined El Cubo / El Pinguico operation; the Company's ability to secure external sources of mineralized material for processing, prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions (including political, economic and financial conditions), availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, actual resource grades and recoveries of silver and gold, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, acts of terrorism, the commencement, continuation or escalation of any war, invasion or armed conflict, and other risks in the mining industry. There are no assurances that GSilver will be able to increase production at the El Cubo mill to process mineralized materials to produce silver and gold concentrate in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's 2021 preliminary economic assessment and projected production of silver and gold will be realized. There is also uncertainty about the continued spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com including the Company's annual information form for its fiscal year ended December 31, 2020. Accordingly, readers should not place undue reliance on forward-looking statements and information. Such statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/694062/GSilver-Selects-Ramon-Davila-as-President Copyright © 2022 Guanajuato Silver Company Ltd., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Guanajuato Silver Company Ltd. 578 – 999 Canada Place Vancouver, BC V6C 3E1 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

Event Reminder - 6ix Spring Conference!

TSX-V: WGO, OTCQX: WHGOF, FRA: 29W

On March 16th, White Gold Corp's CEO, David D'Onofrio, will be presenting at 6ix's first Virtual Spring Conference where attendees will have the opportunity to listen and interact with influential keynote speakers, watch presentations by CEOs from junior mining companies, and directly ask them questions.  Click Here to Book a 1 on 1 Meeting with David REGISTER FOR THE CONFERENCE HERE FOLLOW US ‌ ‌ ‌ ‌ ‌ About White Gold Corp. The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s emerging 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 at the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s VG Deposit acquired in March 2019 hosts an Inferred gold resource of 267,000 ounces at 1.62 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 2.14 Moz at 1.20 g/t Au, and Inferred Resources of 0.23 Moz at 1.07 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(4). For more information visit www.whitegoldcorp.ca. (1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon Canada”, dated November 15, 2021, prepared by Dr. Gilles Arseneau, P.Geo., available on SEDAR. (3) See Newmont Corporation press release titled “Newmont Reports 2020 Mineral Reserves of 94 Million Gold Ounces Replacing 80 Percent of Depletion”, dated February 10, 2021:  https://www.newmont.com/investors/news-release/default.aspx (4) See Western Copper and Gold Corporation technical report titled “Preliminary Economic Assessment, Yukon Cnada”, dated August 2, 2020, prepared by M3 Engineering & Technology Corp., available on SEDAR. Qualified Person Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release. 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; 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. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. For Further Information, Please Contact: Contact Information:  David D’Onofrio Chief Executive Officer White Gold Corp. (647) 930-1880 ir@whitegoldcorp.ca

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White Gold Corp Year in Review | New High Grade Discoveries and More Significant Gold Mineralization Near Flagship Deposit

TSX-V: WGO, OTC: WHGOF, FRA: 29W

Share this story... ‌ ‌ ‌ 2021 was a very successful year for White Gold. Compiled below is a summary of highlights, significant corporate news and notable media appearances throughout 2021. Learn more about our recent high-grade gold discoveries, significant gold deposits and blue-sky discovery potential on our district-scale land package in the prolific White Gold District of Yukon, Canada. And stay tuned as we continue to release results from other regional components of our exploration program and announce details of our fully financed 2022 exploration season which we anticipate to be exciting and impactful. Discovery Hole 3 ranks amongst the best holes drilled in the district, including at our flagship Golden Saddle deposit. Located proximal to Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee Gold deposit and 15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit. Hole D003 intersected 50.0m of 3.46 g/t Au from 33.0m including a higher-grade core of 5.25 g/t Au over 19.0m downhole and an upper zone of 1.14 g/t Au over 6.1m from 15.9m. Hole D001 intersected 48.0m of 1.17 g/t Au from 19.0m including a higher-grade core of 2.38 g/t Au over 10.0m and an upper zone of 9.03 g/t Au over 1.0m from 6.0m. Ryan’s Surprise and the northernmost part of the Ulli’s Ridge target is located approximately 2 km west of its flagship Golden Saddle and Arc deposits and 11 km south of the Company’s VG deposit. All holes intersected gold mineralization with significant mineralization including: WHTRS21D026: 10.36 g/t over 3.25m, 2.07 g/t Au over 3.40m and 2.09 g/t Au over 5.05m WHTRS21D020: 3.66 g/t Au over 6.00m and 1.66 g/t Au over 25.50m WHTRS21D019: 1.88 g/t Au over 15.00m and 1.57 g/t Au over 4.90m WHTRS21D021: 1.84 g/t Au over 6.50m, 3.35 g/t Au over 6.05m, 1.38 g/t Au over 7.78m and 2.14 g/t Au over 5.85m WHTRS21D024: 0.48 g/t Au over 43.75m WHTRS21D023: 2.58 g/t Au over 6.65m 2021 drilling tested mineralized zones an additional 150m along strike to the west and 100m downdip. Drilling at Ryan’s Surprise has now encountered gold mineralization over an area measuring approximately 400m E-W by 400m N-S, and to a vertical depth of 450m and remains open along strike to the west and downdip. The program comprised 7 holes totalling 1,408m, which tested an approximately 550m strike length. All holes intersected gold mineralization, with significant results including: 6.94 g/t Au over 19.50m in hole WHTULR21D004 1.36 g/t Au over 18.50m in hole WHTULR21D005 2.04 g/t Au over 5.13m in hole WHTULR21D001 2.44 g/t Au over 4.10m in hole WHTULR21D002 1.91 g/t Au over 4.49m in hole WHTULR21D003 4.26 g/t Au over 1.70m in hole WHTULR21D006 2.50 g/t Au over 4.65m in hole WHTULR21D007 Drilling at Ulli's Ridge has now identified gold mineralization along an approximately 650m strike length with mineralization remaining open and along strike. All intercepts are at relatively shallow depths and when compared to Ryan's Surprise target which continues to intersect high-grade mineralization at greater depths, the Ulli's Ridge target has significant expansion potential. These targets are located 3 km southwest and 4 km west-northwest respectively of the Company’s flagship Golden Saddle & Arc deposits. The program comprised 11 holes totalling 937m, with 8 holes drilled at the Ulli’s Ridge target and 3 holes at the Minneapolis Creek target. 3 RAB holes drilled at the Ulli’s Ridge target intersected significant gold mineralization including: 4.67 g/t Au over 6.10m in hole WHTULR21RAB006 1.35 g/t Au over 21.33m in hole WHTULR21RAB005, and 4.43 g/t Au over 1.52m, 1.53 g/t Au over 4.57m & 2.26 g/t Au over 9.14m in hole WHTULR21RAB009 Gold mineralization encountered extends over a 500m strike length which remains open along strike to the southeast and northwest and makes up part of a 6.5km long x 1km wide gold in soils trend. Encouraging results were followed up with diamond drilling at the Ulli’s Ridge. December 24, 2021 WHITE GOLD CORP. FILES TECHNICAL REPORT FOR THE VG DEPOSIT INCLUDING 16% INCREASE TO INFERRED RESOURCES, LOCATED 11 KM NORTH OF ITS FLAGSHIP GOLDEN SADDLE & ARC DEPOSITS, YUKON, CANADA READ HERE December 22, 2021 WHITE GOLD CORP. ANNOUNCES CLOSING OF FULLY SUBSCRIBED $9 MILLION PRIVATE PLACEMENT; AGNICO EAGLE MINES INCREASES INTEREST TO 19.9% READ HERE August 19, 2021 WHITE GOLD CORP. ANNOUNCES COMMENCEMENT OF TRADING ON THE OTCQX BEST MARKET READ HERE July 29, 2021 WHITE GOLD CORP. CLOSES C$4.1 MILLION PRIVATE PLACEMENT READ HERE CLICK HERE TO SEE MORE RECENT NEWS RELEASES White Gold Corp. | December 13, 2021 WHITE GOLD CORP PROPERTY TOUR WITH SHAWN RYAN - 2021 WATCH HERE Streetwise Live! | December 6, 2021 STREETWISE LIVE! PRESENTS WHITE GOLD CORP WATCH HERE StockPulse | April 27, 2021 HUNTING HIDDEN TREASURES | REDISCOVERING THE YUKON DAWSON CITY GOLD RUSH 2.0 WATCH HERE White Gold Corp. | February 10, 2022 DIAMOND DRILLING RESULTS: ULLI'S RIDGE TARGET WATCH HERE White Gold Corp. | November 17, 2021 DIAMOND DRILLING RESULTS: BETTY FORD TARGET WATCH HERE White Gold Corp. | November 8, 2021 DIAMOND DRILLING RESULTS: RYAN’S SURPRISE AND ULLI’S RIDGE TARGETS WATCH HERE CLICK HERE TO SEE MORE MEDIA APPEARANCES FOLLOW US ‌ ‌ ‌ ‌ ‌ About White Gold Corp. The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s emerging 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 at the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s VG Deposit acquired in March 2019 hosts an Inferred gold resource of 267,000 ounces at 1.62 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 2.14 Moz at 1.20 g/t Au, and Inferred Resources of 0.23 Moz at 1.07 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(4). For more information visit www.whitegoldcorp.ca. (1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon Canada”, dated November 15, 2021, prepared by Dr. Gilles Arseneau, P.Geo., available on SEDAR. (3) See Newmont Corporation press release titled “Newmont Reports 2020 Mineral Reserves of 94 Million Gold Ounces Replacing 80 Percent of Depletion”, dated February 10, 2021:  https://www.newmont.com/investors/news-release/default.aspx (4) See Western Copper and Gold Corporation technical report titled “Preliminary Economic Assessment, Yukon Cnada”, dated August 2, 2020, prepared by M3 Engineering & Technology Corp., available on SEDAR. Qualified Person Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release. 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; 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. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. For Further Information, Please Contact: Contact Information:  David D’Onofrio Chief Executive Officer White Gold Corp. (647) 930-1880 ir@whitegoldcorp.ca

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