Latin Metals Defines Second Copper-Molybdenum Anomaly at the Lacsha Project, Peru

Latin Metals Defines Second Copper-Molybdenum Anomaly at the Lacsha Project, Peru June 22, 2021 Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) provides an update on exploration at the Company's 100%-owned Lacsha copper property (“Lacsha” or the “Project”) located in the Peruvian Coastal Copper Belt. Follow up results confirm a second copper-molybdenum anomaly over an area of 1.5km by 1.0km (“Lacsha South”) (Figure 1), adding to the Lacsha North anomaly delineated by previous work (previous news release NR21-05, May 27, 2021). Lacsha Talus Sampling Exploration within the 4,000-hectare Project has included property-wide rock sampling and stream sediment sampling, as well as results from 28 talus samples defining Lacsha North. Recently received analysis from 84 additional talus samples have delineated a larger 1.5km by 1.0km area of anomalous copper and molybdenum. Results defining Lacsha South include copper ranging from 441 to 2,820 ppm and molybdenum ranging from 4.8 to 192.5 ppm (Figure 1). The anomaly is open to the south. At both Lacsha North and South, evidence of porphyry copper mineralization is observed as chlorite, secondary biotite and sericitic alteration in porphyritic rocks, locally associated with disseminated chalcopyrite. Figure 1: Location of copper-molybdenum anomalies defined by recent talus sampling, location of high priority anomalies, and sampling in progress to the south. “Staking of the Lacsha Project less than one year ago and forging of agreements with local communities was followed by a systematic program of mapping and geochemical sampling,” stated Keith Henderson, the Company's President and CEO. “We have been successful in delineating two large copper porphyry targets over a short time frame, and we are reaching the final stages of drill target definition.” Next Steps Follow-up sampling has begun to continue sampling to the south, where the Lacsha South anomaly remains open for expansion. On receipt of results, the total extents of geochemical anomalies at Lacsha North and South will be fully defined, and geophysical surveys will commence with the aim of defining drill targets. On completion of drill permitting, the Company intends to secure a partner to fund drill testing of the targets. Coastal Copper Belt The Coastal Copper Belt in Peru is a Cretaceous belt hosting a variety of deposit types including porphyry, epithermal, VMS and IOCG. Latin Metals' 100%-owned Lacsha copper-molybdenum and Auquis copper-gold projects are both located in the northern Lima-Ica portion of the coastal belt . The Lacsha Project is located approximately 110 km by road from Lima, 40 km from the coast, and is accessible year-round by paved road. QA/QC The work program at Lacsha was designed and is supervised by Eduardo Leon, the Company's Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program, Standard samples has been including in every shipment. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS laboratory in Lima. Samples used for the results described herein are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards. Qualified Person The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company's CEO. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company. About Latin Metals Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration. On Behalf of the Board of Directors of LATIN METALS INC. “Keith Henderson” President & CEO For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com. For further information, please contact: Keith Henderson Suite 890 999 West Hastings Street Vancouver, BC, V6C 2W2 Phone: 604-638-3456 E-mail: info@latin-metals.com 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 news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. 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 differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com. Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein. View in PDF Format Copyright 2021 Latin Metals Inc. All rights reserved You are receiving this email because you have subscribed to receive email updates via our website Unsubscribe | View Online Corporate Office: Latin Metals Inc. Suite 2300 - 1177 West Hastings Street Vancouver, BC Canada V6E 2K3 T: +1 (604) 638-3456 info@centeneramining.com

GSilver Provides Update on Mill Commissioning - Company to Present at Emerging Growth Conference

GSilver Provides Update on Mill Commissioning - Company to Present at Emerging Growth Conference VANCOUVER, BC / ACCESSWIRE / June 21, 2021 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce that it has been invited to present at the Emerging Growth Conference at 12:00pm ET on June 23, 2021. GSilver invites individual and institutional investors as well as advisors and analysts to attend its real-time, interactive presentation at the Emerging Growth Conference. Person's wishing to attend the online presentation are invited to register by Clicking Here . Attendees not able to join the event live on the day of the conference, will have the opportunity to view an archived webcast, made available subsequently on www.EmergingGrowth.com. Update on Mill Commissioning: In anticipation of the upcoming conference, GSilver is providing an update on its progress to re-establish operations at its recently acquired El Cubo mine and mill located approximately 11 kilometers east of Guanajuato city, in central Mexico. The Company continues to target commercial production beginning in Q4 2021. Staffing: Approximately 90% of planned staffing at the manager and superintendent level has been obtained, including mill and mine management positions, procurement and accounting staff, and heads of geology at both the El Cubo mine and the El Pinguico project. To date, approximately 85 positions have been filled at the combined operation. Hernan Dorado, COO, stated: "We are very pleased with the pace with which we are filling the vital operating positions at this early stage of our ramp-up process. Our ability to readily hire quality people, often graduates of the University of Guanajuato, speaks to the depth of mining experience within the greater Guanajuato community." Mill Refurbishment: Plant maintenance crews have begun their work on schedule. Crews have dismantled and cleaned the ball mills and have completed a preliminary mechanical inspection. Mill number 3 is in excellent condition, with mills numbers 1 and 2 needing some additional maintenance work - anticipated in the Company's due diligence process during the acquisition. Critical parts for all mills have arrived and are now in stock for installation or replacement. Global Physical Asset Management Inc. of Mesa, Arizona has been engaged to inspect the ball mills and make recommendations for additional refurbishment. Two crushers have been ordered by the Company in anticipation of restarting the plant. A used secondary crusher - a Symons 4.25ft Standard in excellent condition - was sourced within Mexico and has now arrived on site. A new tertiary crusher - also a Symons 4.25ft Standard - has been sourced in the USA, ordered, and is scheduled to arrive in Guanajuato within two weeks' time. Additional general planning, maintenance, and refurbishment continues. Mine Refurbishment: Crews began general mine clean-up ahead of schedule while detailed mine planning is complete for the first six months of operations, with the Company now phasing into longer term mine planning. At El Cubo, GSilver crews and scoop trams are rehabilitating haulage tunnels from the main Dolores access portal to the 11-1875 and 7-2175 stopes, the two main areas that will be targeted first by GSilver when mining recommences. As discussed in the Company's PEA (see news release dated February 16, 2021), GSilver plans to use contract miners in the early stages of its operations at El Cubo. During the week of June 14, representatives of eight different mine contractor groups visited El Cubo. GSilver anticipates receiving bids from all of these groups before the end of June, allowing ample time for the Company to make a measured decision as to which mine contractor to engage for the re-start of operations. Additional Re-Start work: GSilver personnel continue to study whether combining material from the two deposits, or treating material from the deposits separately, would generate higher metallurgical recoveries. Metallurgical testing of material from El Cubo and El Pinguico is ongoing. GSilver has engaged Wood Engineers PLC of Aberdeen Scotland (Denver, Colorado office) as our ongoing tailing facility supervisor. Hernan Dorado Smith, a director of GSilver and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. About Guanajuato Silver Company Ltd.: GSilver is an exploration and development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company's El Cubo and El Pinguico projects are significant past producers of both silver and gold located in close proximity to Guanajuato city, and to each other. The Company is currently focused on refurbishing the El Cubo mill and recommencing production from the combined El Cubo / El Pinguico operation, as well as delineating additional silver and gold resources through underground and surface drilling on its projects located in this 480-year-old mining camp. About the Emerging Growth Conference The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their offices. The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, and the overall potential for long term growth. Its audience includes potentially tens of thousands of individual and institutional investors, as well as investment advisors and analysts. All sessions will be conducted through video webcasts. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Company Ltd. please contact: James Anderson, Director, +1 (778) 989-5346 Email: james.anderson@GSilver.com Continue to watch our progress at: www.GSilver.com This new release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in the United States. The Company's 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 or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 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 timing and ability of the Company to successfully refurbish the El Cubo mill, procure equipment, hire personnel and supply and process sufficient mineralized material and resources from El Cubo and El Pinguico through the mill to successfully begin commercial production of silver and gold in Q4 2021 at the projected amounts, grades, costs and revenues and the success related to any future exploration and/or development programs. 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; 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; 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, availability of financing, currency rate fluctuations, actual results of development and production activities, actual resource grades and recoveries of silver and gold, 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, and other risks in the mining industry. There are no assurances that GSilver will be able to successfully re-start the El Cubo mill to process mineralized materials to produce silver and gold in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to begin processing mineralized material from its above and underground stockpiles at El Pinguico and estimated resources at El Cubo 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 recently announced preliminary economic assessment and projected production of silver and gold will be realized. There is also uncertainty about the 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. These forward-looking statements 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. Guanajuato Silver Company Ltd. PH: +1(778) 989-5346 E: info@GSilver.com W: GSilver.com  CA: Suite 578 - 999 Canada Place, Vancouver B.C. V6C 3E1 MX: Carretera - Guanajuato - Silao km 5.5, Int 4, Col. Marfil CP36250, Guanajuato, Gto., Mexico SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/652449/GSilver-Provides-Update-on-Mill-Commissioning--Company-to-Present-at-Emerging-Growth-Conference Copyright © 2021 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.

White Gold Corp. Commences Diamond Drilling at the Ryan’s Surprise and Ulli’s Ridge Targets on its Flagship White Gold Property, Yukon, Canada

TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W

White Gold Corp. Commences Diamond Drilling at the Ryan’s Surprise and Ulli’s Ridge Targets on its Flagship White Gold Property, Yukon, Canada Share this story... ‌ ‌ ‌ June 17, 20201 - White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce it has commenced diamond drilling at the Ryan’s Surprise target (“Ryan’s”) and northern extent of the Ulli’s Ridge target located approximately 2 km west of its flagship Golden Saddle and Arc deposits and 11 km south of the Company’s VG deposit. The Golden Saddle and Arc deposits have a combined 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) and the VG deposit hosts a historic Inferred gold resource of 230,000 ounces at 1.65g/t Au(2). This activity marks the initiation of the Company’s 2021 exploration program on its extensive 420,000 hectare land package in the emerging White Gold District, west-central Yukon, Canada.  The Ryan's and Ulli’s targets are situated on a 6.5 km long x 1.0 km wide, north-south trend of anomalous gold and arsenic in soils, which extends from the Ulli’s Ridge target in the south to the Teacher’s showing in the north (Figure 1). The close proximity of Ryan’s and Ulli’s Ridge to the Company’s existing mineral resources at Golden Saddle and Arc makes these highly strategic targets. With only limited exploration to date, these targets offer the potential for additional gold discoveries outside the current resource areas. Figure 1 - Ryan's Surprise Location Map Highlights Include: Ryan’s is situated on a 6.5km long x 1.0km wide north-south trend of anomalous gold and arsenic in soils, which hosts several other targets including Ulli’s Ridge, Minneapolis Creek, Principal Ridge and Teachers. 2021 diamond drilling comprises 2,500 m in 8 holes to follow up on multiple high-grade gold intercepts from the 2020 diamond drilling program, which included 17.4 g/t Au over 3.47 m in hole WHTRS20D013, 10.96 g/t Au over 3.76 m in hole WHTRS20D017, and 8.69 g/t Au over 12.3 m in hole WHTRS20D018 Gold mineralization at the Ryan’s has been encountered in multiple zones which remain open along strike and down-dip. 2021 diamond drilling will also test the northernmost part of the Ulli’s Ridge target, which will be the first-ever diamond drilling of this target to follow up on encouraging 2020 GT probe results, which encountered a 25m wide zone (6 samples) averaging 2.119 g/t Au with a maximum value of 8.516 g/t Au. “We are anticipating another exciting and successful season in 2021 with field programs now underway.” stated Terry Brace, Vice President of Exploration. “The diamond drilling program at Ryan’s Surprise is the first scheduled drilling of the season, and we are eager to follow up on encouraging high-grade gold results from last year’s program. We have a busy exploration season planned across the district and will be providing details in the near future.” Figures accompanying this news release can be found at: http://whitegoldcorp.ca/investors/exploration-highlights/  2021 Diamond Drilling Program Planned 2021 exploration diamond drilling at Ryan’s Surprise and Ulli’s Ridge comprises 2,500 m in 8 holes (Figure 2). Several holes are designed to test for western strike and down-dip extensions of mineralization encountered in 2019 and 2020 drilling. The 2021 program will test the mineralized zones an additional 200 m to the west and to a vertical depth of approximately 425m. Planned holes to the southwest will test for near-surface mineralization indicated by soil and GT Probe anomalies which form the northernmost extent of the Ulli’s Ridge target. In 2020, GT Probe sampling in this area at Ulli’s Ridge returned highly encouraging results, with the northern portion of line WHTGTP20-003 having 6 samples (25m wide) that averaged 2.119 g/t Au including a maximum value of 8.516 g/t Au (see Company News Release dated February 09, 2021). Of note, this part of the Ulli’s Ridge target has not been previously tested by trenching or drilling. Figure 2 - Ryan's Surprise Drill Plan Map Ryan’s Surprise Target  Gold mineralization was initially discovered at Ryan’s Surprise by Kinross Gold Corp. (TSX: K, NYSE: KGC) in 2011 with diamond drill hole WGRS11D0003 returning 6.33 g/t Au over 6.56 m from 159.44 m downhole. Subsequent drilling by the Company in 2018 through 2020 has continued to encounter gold mineralization in multiple zones which remain open along strike and down-dip. Diamond drilling in 2020 returned several high-grade gold intercepts including 17.4 g/t Au over 3.47 m in hole WHTRS20D013, 10.96 g/t Au over 3.76 m in hole WHTRS20D017, and 8.69 g/t Au over 12.3 m in hole WHTRS20D018 (see Company News Release dated October 14, 2020). Figure 3 - Structural Interpretation of the Ryan's Surprise The geology of the Ryan’s Surprise area consists of two primary lithological packages, an upper mafic to ultramafic package comprising amphibolite and pyroxenite, and an underlying metasedimentary sequence of metaquartzite, biotite-quartz-feldspar gneiss and minor biotite schist. The contact between the two packages strikes northwest, is relatively flat-lying, and appears to be a thrust fault (Figure 3). Gold mineralization is structurally controlled by brittle breccia and fracture zones with minor late quartz veining predominantly in the metaquartzite along a 100 m to 125 m wide east-west trending structural corridor. There is a strong association with anomalous arsenic, hydrothermal graphite and sooty pyrite. To date, 18 drill holes totalling 4,406 m have tested the Ryan’s Surprise target along an approximately 300 m strike length and to a vertical depth of 300 m. Figure 4 - Vertical Cross-Section of the Ryan's Surprise target Ulli’s Ridge Target The Ulli’s Ridge target area is located immediately south of Ryan’s Surprise and is characterized by a large northwest-southeast trending coincident gold and arsenic soil anomaly measuring some 1,500 m long by 600 m wide with gold values up to 1585 ppb Au and arsenic values up to 2484 ppm As. Previous trenching and drilling at Ulli’s Ridge have encountered significant gold mineralization including 1.38 g/t Au over 20m in trench WGUR12TR01, 2.58 g/t Au over 3.05m and 6.27 g/t Au over 1.52m in hole WHTULR17RC-001, 9.70 g/t Au over 1.52m in hole WHTULR17RC-002, and 1.40 g/t Au over 7.62m in hole WHTULR19RAB-001. In 2020, GT Probe sampling in this area at Ulli’s Ridge returned highly encouraging results, with the northern portion of line WHTGTP20-003 having 6 samples (25m wide) that averaged 2.119 g/t Au including a maximum value of 8.516 g/t Au. Notes: 1.       All drill hole intercepts reported herein are core widths. Currently there is insufficient data to estimate true widths. 2.       GT Probe samples are point samples and results should not be interpreted to represent grade over width. 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 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.   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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