African Gold Group Confirms Both Oxides and Sulphides To Be Incorporated Into Updated Feasibility Study

View this email in your browser AFRICAN GOLD GROUP CONFIRMS BOTH OXIDES AND SULPHIDES TO BE INCORPORATED INTO UPDATED FEASIBILITY STUDY  Toronto, Canada - July 15, 2021 – African Gold Group, Inc. (TSX-V: AGG) ("AGG" or the "Company") is pleased to announce final metallurgical test results from its comprehensive sulphide testwork programme. Results of the testwork programme will be incorporated into an updated definitive feasibility study (DFS). The final phase of the testwork programme was to undertake variability testing to determine the optimal process route of the ore across the extent of the ore body. The Company is continuing its work on updating mineral resource estimates (MRE) and an updated definitive feasibility study to incorporate additional drilling and the sulphide testwork results. Highlights from the metallurgical testing include: Gravity gold recovery values vary from 40.40% to 73.18% with an 85th percentile of 61.52%. These results indicate that the sulphide ore at Kobada is amenable to gravity recovery. Overall gold dissolution at 93.87% (85th percentile) confirms initial findings that consistent overall gold dissolution of above 90% can be achieved on the sulphide ore.    Cyanide consumption values vary from 0.14 kg/t to 0.46 kg/t with an 85th percentile of 0.34 kg/t, indicating low cyanide consumption of the sulphide ore. Lime consumption values vary from 0.23 kg/t to 0.31 kg/t with an 85th percentile of 0.30 kg/t, confirming low lime consumption of the sulphide ore. Danny Callow, CEO, African Gold Group states : "The finalisation of our comprehensive sulphide metallurgical testwork programme, culminating in the variability testwork, shows us that sulphides at the Kobada gold project can be treated through a gravity and CIL process. The process design on gravity and CIL for the oxides as presented in our July 2020 Definitive Feasibility Study is suitable for treating the sulphides as well, and this will allow us to add substantial resources to our overall resource base. The sulphides are free-milling, show excellent recoveries and consume low amounts of lime and cyanide, making this a very efficient operating cost process."   "These results will feed into our updated DFS, allowing us to incorporate sulphides into the life of mine plan and we believe will add additional reserve ounces to our economic models. The wider testwork programme has been highly successful and confirms Kobada's excellent potential as a future new mine in Mali. We are looking forward to delivering an updated study in Q3-2021."   The comprehensive metallurgical testing program was conducted by Maelgwyn South Africa ("MSA") on composite samples from all defined mineral zones (north, south, and central domains) of the main shear zone. The final stage of this process, the variability testing has proven the consistency of being able to treat the sulphides across the extent of the ore body. Kobada Sulphides Variability Recovery Testwork Results Upon completion of recovery optimization testwork on a composite sample, the optimum conditions selected were tested on variability samples to determine if the selected process route and optimum conditions selected are applicable across the entire ore body. Six variability samples were selected from the North, South and Central zones. Table 1-1 below shows samples used to make up the variability samples. Table 1-1: Variability Sample Selection   The selected process route on the oxide ore was gravity followed by cyanidation. Initial scouting testwork on the sulphide ore using the same process route as for the oxides showed gold recovery above 90% with low cyanide and lime consumptions. Therefore, the selected recovery process for the sulphides was gravity followed by intensive cyanidation on the gravity concentrate and cyanidation on the gravity middlings and tails. The following optimum leach conditions were selected for the sulphide ore: Grind: 80%-75µm. Leach process: Carbon in leach (CIL). Cyanide addition – 1kg/t. Lab residence time – 12 to 24 hours. pH – 10.5. Percent solids – 50% w/w. Table 2-1 shows a summary of the variability recovery results. Table 2-1: Variability Recovery Summary Results   The results indicate the following: Gravity gold recovery vary from 40.40% to 73.18% with an 85th percentile of 61.52%. These results indicate that the Kobada sulphide ore is amenable to gravity recovery. The 85th percentile overall gold dissolution is 93.87% which confirms initial findings that overall gold dissolution above 90% can be achieved on the sulphide ore. The ore leaches well to give tails of 0.03 g/t for low and high grades tested with the exception of North and South 4 samples. Low overall recoveries shown are consistent with low grades tested but tail grades are generally less than 0.03 g/t Au. This ties in with findings from the diagnostic leach test which indicated that 0.02 g/t of the gold is locked in quartz or gangue. Cyanide consumption values vary from 0.14 kg/t to 0.46 kg/t with an 85th percentile of 0.34 kg/t. These results confirm initial findings that the sulphide ore is a low cyanide consumer. Lime consumption values vary from 0.23 kg/t to 0.31 kg/t with an 85th percentile of 0.30 kg/t. These results indicate that the sulphide ore is a low lime consumer. Definitive Feasibility Update The Company is well underway to deliver an updated Definitive Feasibility Study in Q3-2021. The comprehensive update will target two key areas, namely inclusion of more than 7,000 m from the most recent drilling programme (see press release as of February 2, 2021) and inclusion of additional sulphides from the most recent metallurgical testwork into the resource and reserves.   Progress to date includes the following: Completion of a full suite metallurgical testwork on sulphide ore based upon multiple samples shipped from the site. Preparation and assay of more than 7,000 m of exploration drilling, predominantly focusing on Phase 4 infill drilling results (conversion of high grade inferred resources into measured and indicated category). Update of mineral resource and reserve estimates (in progress). Update of mine optimization, economic indicators, mine scheduling and waste dump designs based on revised life of mine plan. Comminution modelling based upon sulphide testwork. Process plant review and design update to treat oxides and sulphides, including but not limited to: Update of layouts, PFD's and P&ID's Update of Mechanical Equipment List (MEL) Update of single line diagrams and electrical loads Preparation of RFQ's for additional equipment packages Update of SMPP designs and RFQs Full peer review and update on earthworks and civil engineering designs Tailings Storage Facility design update to incorporate additional volume based on envisaged higher tonnages, addition of sulphides and potential for higher throughput. Testwork on samples for TSF (testwork underway). Full CAPEX and OPEX update based upon updated SMPP and MEL and future timing of sulphide circuit as well as latest 2021 pricing. Updated economic model based upon updated economic indicators, consensus and latest production information. Receipt of multiple samples required for ESIA update, which includes but is not limited to: Decommissioning and closure plan Groundwater review Geotechnical testwork Air Quality and Noise Impact Assessment Blasting and Vibration assessment Biodiversity assessment Emergency Preparedness and Response plan About African Gold Group African Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa's next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2020 definitive feasibility study and is targeting gold production of 100,000 oz per annum. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.   For more information:  Danny Callow President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@africangoldgroup.com   Scott Eldridge Non-Executive Chairman of the Board (604) 722-5381 Scott.Eldridge@africangoldgroup.com   Daniyal Baizak  VP Corporate Development (647) 835-9617 Daniyal.Baizak@africangoldgroup.com   Camarco (Financial PR) Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.uk   Cautionary statements   This press release contains "forward‑looking information" within the meaning of applicable Canadian securities legislation. Forward‑looking information includes, but is not limited to, statements regarding, processing of sulphide materials, appointment of officers and the grant of incentive stock options. Generally, forward‑looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".  Forward‑looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forward‑looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‑looking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.   NEITHER 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. Follow on Twitter LinkedIn Follow on Instagram Our mailing address is: info@africangoldgroup.com Want to change how you receive these emails? 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Precipitate Provides Results from Barrick's Drilling at Pueblo Grande Project, Dominican Republic

Forward this email to a friend View email in your browser   Precipitate Provides Results from Barrick's Drilling at Pueblo Grande Project, Dominican Republic Vancouver, B.C. - July 14, 2021 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) announces Barrick Gold Corporation ("Barrick") has delivered laboratory results for the 10 diamond drill holes (totalling 2,514 metres ("m")) from the Company's 100% owned Pueblo Grande Project, as part of its earn-in agreement whereby Barrick has the right to earn a 70% interest in the Pueblo Grande Project located immediately adjacent to Barrick's Pueblo Viejo gold-silver mine in the Dominican Republic. The Barrick diamond drilling completed to-date has focused solely on a small part of the Lithocap Zone located immediately west of Barrick's Pueblo Viejo mining operation. Barrick's drilling tested several targets previously contemplated by Precipitate prior to the execution of the earn-in agreement. Laboratory data as reported by Barrick includes the following highlight results: 17.0m @ 0.22 grams per tonne gold (g/t Au) (from 61.5m down hole number 21-05) and 10.2m @ 0.44 g/t Au (from 185.5m down hole number 21-07). All other drill holes reported weak or sub-anomalous gold values. Barrick has advised the Company that it will continue its exploration work under the terms of the earn-in agreement and shift its exploration work toward other prospective gold and base metal zones located elsewhere within the Pueblo Grande Project, specifically La Lechoza (epithermal replacement or veins) and Tres Bocas (volcanogenic massive sulphide (VMS) Au-Ag-Cu-Zn) where past exploration and drilling identified mineralization within coincidental geological, geophysical and multi-element geochemical anomalies hosting elevated gold, silver, zinc and copper values. Historical highlight results for these two zones include the following: La Lechoza and Tres Bocas Zones Select historical highlight drill intercepts. Metres (m) Gold (g/t) Silver (g/t) Zinc (%) Zone Everton Resources News Source 10.6 2.96 104.9 9.4 Tres Bocas May 17/2006 (DDH TBM-07) 23.4 4.76 23.0   La Lechoza Jan 27/2011  (DDH APV-30) 27.0 2.46 26.7   La Lechoza Feb 02/2011 (DDH APV11-02) 7.5 2.56 47.2 4.4 La Lechoza Dec 20/2010 (DDH APV10-13) 10.5 2.29 65.0 3.4 La Lechoza Apr 13/2011 (DDH APV11-30) All above noted intercepts commence at less than 20m drill depth and are drill intercept widths.  The true thickness of the zones has yet to be determined. Jeffrey Wilson, Precipitate's President and CEO stated, "Although results from Barrick's first phase of drilling did not return significant mineralization, this initial phase of work only focused on a small fraction of the Ponton project, immediately west of Barrick's mining pits. Barrick's continued exploration within additional areas of the project speaks to Ponton's prospectivity and ongoing exploration potential. We're pleased to see Barrick furthering its exploration efforts toward zones where significant near-surface gold and silver mineralization have been reported in historic drill assays." Ongoing Barrick exploration results will be reported as they become available to Precipitate. See accompanying map for location of priority zones: Precipitate's Ponton Project Map depicting multiple mineralized zones and area of Barrick's initial drilling. 2021 drill program core samples were collected under the supervision of Barrick Senior staff. HQ, and NTW diameter diamond core was descriptively logged on site, aligned, marked for sampling and then cut in half, longitudinally, using a rock saw. One-half of the core is preserved in core boxes for verification and future reference. Rock samples were bagged, sealed and delivered directly to Bureau Veritas ("BV") preparation facility in Maimon Dominican Republic where they were dried, crushed and pulped. Sample pulps were then delivered to BV facilities in Vancouver British Columbia Canada for analyses (an ISO 9001 accredited facility). Samples were crushed to with more than 70% passing 2mm mesh and split using a riffle splitter (code PRP70-250). An approximately 250 gram sub-sample split was pulverized to minus 200 mesh (74μm). A 50 gram pulp sub-spilt subjected to fire assay for gold (ICP-ES finish) (code FA450-Au). All coarse rejects and pulps are currently stored at BV. Certified standards and local limestone blanks were inserted into sample shipments as a quality control measure in addition to the internal quality control measures applied by the laboratory. This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards. About Precipitate Gold: Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company is exploring its 100% owned Ponton and Juan de Herrera projects. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company's Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in the Dominican Republic and other favourable jurisdictions. Additional information can be viewed at the Company's website www.precipitategold.com. On Behalf of the Board of Directors of Precipitate Gold Corp., "Jeffrey Wilson" President & CEO For further information, please contact: Tel: 604-558-0335     Toll Free: 855-558-0335     investor@precipitategold.com Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.'s ("Precipitate" or the "Company") current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, 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 information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Copyright © 2021 Precipitate Gold Corp., All rights reserved. You are receiving this email because you subscribed for updates via our website. Our mailing address is: Precipitate Gold Corp. 625 Howe Street, Suite 1020 Vancouver, BC V6C 2T6 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

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White Gold Corp. Announces Fully Subscribed C$4 Million Private Placement

White Gold Corp. Announces Fully Subscribed C$4 Million Private Placement  Share this story... ‌ ‌ ‌ Toronto, ON – July 13, 2021 – White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company” or “White Gold”) is pleased to announce it has entered into an agreement with Clarus Securities Inc. (“Clarus” or the “Lead Agent”) and a syndicate including Eight Capital, and Stifel GMP (together with the Lead Agent the “Agents”) who will act on behalf of the Company, on a “best efforts” agency basis, in connection with a brokered private placement (the “Offering”) of premium flow-through units (each a “Premium Flow-Through Unit”), at a price of $0.87 per Premium Flow-Through Unit, flow-through common shares (each a “Flow-Through Share”), at a price of $0.75 per Flow-Through Share, and units of the Company (each a “Unit”) at a price of $0.65 per Unit. Each Unit shall consist of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at a price of $0.80 for a period of 24 months following the closing date of the Offering. Each Premium Flow-Through Unit shall consist of one Flow-Through Share and one-half of one Warrant. The Flow-Through Shares to be issued pursuant to the Offering will be issued as “flow-through shares” with respect to “Canadian exploration expenses” within the meaning of the Income Tax Act (Canada). The Company will grant the Agents an option (the “Agent’s Option”), which will allow the Agents to offer up to an additional 20% of the Offering, on the same terms as the Units, Premium Flow-Through Units and Flow-Through Shares. The Agent’s Option may be exercised in whole or in part at any time prior to the Closing Date of the Offering.  “We are very grateful for the continued support of our major shareholders as we embark on our 2021 field season, which we anticipate to be exciting and impactful focused on highly anticipated targets, recent discoveries and our existing mineral resources. Further details to be provided in the coming weeks.” stated David D’Onofrio, Chief Executive Officer. The gross proceeds from the sale of the Premium Flow-Through Units and the Flow-Through Shares will be used by the Company to incur exploration expenditures on its properties in the White Gold District of the Yukon Territory (the “Qualifying Expenditures”) prior to December 31, 2022. The Qualifying Expenditures will be renounced to subscribers of Premium Flow-Through Units and Flow-Through Shares for the fiscal year ended December 31, 2021. The gross proceeds from the sale of the Units will be used for general corporate expenses. Pursuant to existing investor rights agreements between the Company and each of Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) (“Agnico”) and Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross”), both Agnico and Kinross have the right to participate in the Offering in order to maintain their respective interests in the Company, and both have indicated to the Company that they will each maintain their current 17% interest in the Company.   This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.   The Premium Flow-Through Units, the Flow-Through Shares and the Units to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Offering is anticipated to occur on or about July 29, 2021 or such other date as may be agreed to by the Company and Clarus (the "Closing Date"). The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation. Participation by Agnico and Kinross, and any other insiders of the Company (collectively, the “Insiders”), in the Offering will be considered a “related party transaction” pursuant to Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company will be exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insiders’ participation in the Offering in reliance of sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the participation of Insiders in the Offering less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.  This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. PRESENTATION OVERVIEW FACT SHEET 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 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(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 Comstock Metals Ltd. technical report titled “NI 43-101 TECHNICAL REPORT on the QV PROJECT”, dated August 19, 2014, prepared by Jean Pautler, P.Geo., and Ali Shahkar, P.Eng., available on SEDAR. (3) See Newmont Corporation press release titled “Newmont Reports 2019 Gold Mineral Reserves of 100 Million Ounces, Largest in Company History”, dated February 13, 2020, available on SEDAR. (4) See Western Copper and Gold Corporation press release titled “Western Copper and Gold Announces Significant Resource Increase at Casino”, dated July 14, 2020, 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 Offering, the use of proceeds from the Offering, 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 forwardlooking 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. 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  To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/

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