Precipitate Secures Rights to Acquire 100% of Motherlode Gold Project in Newfoundland, Canada and Reports Board Changes

Forward this email to a friend View email in your browser   Precipitate Secures Rights to Acquire 100% of Motherlode Gold Project in Newfoundland, Canada and Reports Board Changes Vancouver, B.C. – August 17, 2021 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce it has secured, by a combination of staking and property option agreements, exclusive rights to acquire a 100% interest in mineral exploration licenses totalling 12,350 hectares making up the Motherlode Gold Project (the "Motherlode Project" or the "Project") located within the Burin Peninsula of southern Newfoundland, Canada. Motherlode Project Highlights: * Select Historical Sampling Results High grade gold rock grab samples: 25.0 g/t Au, 15.7 g/t Au, 11.6 g/t Au, 6.3 g/t Au & 4.5 g/t Au Trench/Channel Results: 0.5m of 4.5 g/t Au, 1.5m of 10.1 g/t Au, 6.2m of 3.6 g/t Au (incl. 0.9m of 7.7 g/t Au) 2007 Diamond Drill Results (8 holes, 902m): 0.7m of 3.2 g/t Au, 10.4m of 0.82 g/t Au, 1.5m of 2.8 g/t Au Gold Mineralization, Geology, Regional Geochemistry 11 historical mineral occurrences, including 8 gold showings; District-scale potential within an estimated 16.5-kilometre-long exploration trend hosted in late Proterozoic-age Burin Group volcanic and ultramafic rocks; Major northeast trending, sub-vertical dipping shear-fault zones up to 30 metres wide; Gold enriched quartz veins and quartz-silica stockworks are strongly associated with 'high strain' rocks (i.e. shears, schists, folds) with a generally low pyrite content; Project regional government till, lake & stream sample geochemistry anomalies include gold, arsenic, antimony, copper, nickel and zinc. Infrastructure 12,350 hectare project on Newfoundland's south coast. Excellent access and logistical infrastructure, with year-round road access, high-power electrical lines running through the project, nearby Atlantic Ocean ports, and an active nearby industrial fluorite mine. For reference: g/t = grams per tonne, Au = gold, m = metres Jeffrey Wilson, Company President & CEO stated, "We are excited at the opportunity to diversify the Company's project portfolio with this new property acquisition in one of Canada's most active, mining-friendly, and prospective geological jurisdictions. Combining the contiguous properties with our own staked ground represents the consolidation of an underexplored district-scale land package in a favourable geological environment where significant prior sample and drill results yielded impressive gold values but lacked in adequate systematic follow up. The opportunity to apply the Company's technical expertise with modern exploration techniques provides Precipitate and its shareholders with significant new discovery potential. This, combined with the Project's superb access and infrastructure mean the Company's geological crews can promptly activate field work to identify and prioritize targets with a near term view to generating results. The Motherlode Project augments the Company's existing properties in the Dominican Republic where multiple targets remain drill-ready and awaiting further advancement." Figure 1 – Motherlode Project Map with Historic Sampling and Drilling Results Regional Geology of Burin Peninsula: The Motherlode Project is located approximately 3.5 hours by road from Gander and St. John's within the southeastern region of Newfoundland's Burin Peninsula, which is part of an active gold exploration region that includes other high profile gold exploration projects such as Root & Cellar (Northern Shield Resources), Heritage (Golden Ridge Resources) and Hickey's Pond (Bonavista Resources). Project lithologies are part of the major Avalon Tectonostratigraphic Zone, where claims are dominantly underlain by late Proterozoic aged Burin Group submarine oceanic volcanics and associated ultramafics, with interbedded clastic sediments and carbonate rocks. The Burin Group lithologies have a NE-SW trend and sub vertical dip, with a pervasive greenschist facies deformation, ranging from moderate fracture cleavage to a strong and discrete shear fabric (quartz-chlorite-sericite-calcite schists; typically, coplanar to local lithological bedding trends). Historical reports indicate that gold enriched quartz veins and quartz-silica stockworks are strongly associated with 'high strain' rocks (i.e. shears, schists, folds) containing a generally low pyrite concentration. Figure 2 - Burin Peninsula - Major Regional Mineral Showings Option and Acquisition Terms for Motherlode Project: The Company entered into two underlying property option agreements granting Precipitate the exclusive right to earn a 100% interest in a combined 6,100 hectares of mineral exploration licences (the "Properties") by fulfilling certain elective annual cash and share payments over a 4-year option term, as follows: Date Cash Precipitate Common Shares On closing $26,000 370,000 12 month Anniversary $52,000 650,000 24 month Anniversary $74,000 990,000 26 month Anniversary $84,000 1,270,000 48 month Anniversary $107,000 1,800,000 Upon completion of the cash and share payments as set out above, Precipitate will have a 100% interest in the Properties, subject to certain net smelter returns ("NSR") of 1.5% (Vendor Group 1) and 2.5% (Vendor Group 2) granted to the two vendor groups by Precipitate. Portions of each NSR are purchasable by Precipitate at any time for $500,000 per 0.5% (Vendor Group 1) and $750,000 per 0.5% (Vendor Group 2). In addition, Precipitate retains a right of first refusal to purchase the balance of all NSRs at any time. Additionally, the Company acquired a 100% interest in an adjoining 6,250 hectares by direct staking and execution of a purchase agreement to acquire a small inlier parcel in exchange for $1,000 and 25,000 common shares of the Company. No NSR is applicable on the staked or purchase agreement claims. The property option agreements and purchase agreement are subject to TSX Venture Exchange approval. In anticipation of closing these agreements promptly, a geological data review and the development of exploration plans are underway. Initiation of a first phase field program will be announced as it commences. Board Changes: Dr. Quinton Hennigh is retiring as a director of the Company. Dr. Hennigh advised he will be unwinding his directorships with multiple public companies as he transitions into a more formal role with Crescat Capital, a global asset management firm. "It has been a pleasure to work with the Precipitate team over the past ten years," commented Quinton Hennigh. "This is a very important time for the Company as it expands its exploration horizons to include a highly prospective land position in Newfoundland, the first Canadian project held by Precipitate in several years. I look forward to closely following this story as the Company and its highly experienced exploration team advance this exciting new project." Jeffrey Wilson, Precipitate's President and CEO stated, "On behalf of the Board of Directors, and all members of the Precipitate team, I'd like to thank Quinton for his invaluable contribution to the Company's growth and development. Mr. Hennigh has generously served as a member of the Precipitate Board since the Company's inception in 2012, providing insightful technical guidance and strong capital market alliances. We wish Mr. Hennigh all the best in his new position and all future endeavours." * Note: Certain information and data in this news release concerning the Motherlode Project and past work done thereon and results therefrom are historical, being derived from publicly available sources including assessment reports and Newfoundland government technical sources. The reliability of some historical data is unknown but is considered relevant by Company management. The historical data may be non-NI 43-101 compliant and should not be relied upon. It is the Company's intention to verify the historical data, however confirmation work may produce results that differ substantially from the historic results. High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property. 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 Newfoundland Canada and the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. 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 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 investorofprecipitategold.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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Latin Metals Discovers Outcropping Copper Mineralization at Lacsha, Peru - Commences Follow-Up Geophysics

Latin Metals Discovers Outcropping Copper Mineralization at Lacsha, Peru - Commences Follow-Up Geophysics August 16, 2021 Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) announces discovery of outcropping copper-molybdenum mineralization within the previously defined Lacsha South geochemical anomaly.  Continuous rock-chip sampling was completed with each sample taken over 2 meters; results show broad and consistent copper and anomalous molybdenum values that define a large zone that is unconstrained by the sampling to date (Figure 1).  The Company’s 100%-owned, 4,000-hectare Lacsha project is one of three large-scale copper exploration projects in Peru. Outcrop is dominated by a granodiorite intrusive showing broad zones of oxide copper mineralization, within only part of a much larger 2km by 1km geochemical anomaly previously defined by talus sampling.   Composite grades across consecutive sample sections are highlighted below (Figure 1c) and include: 26m grading 0.20% copper and 119ppm molybdenum 30m grading 0.22% copper and 76ppm molybdenum 74m grading 0.14% copper and 47ppm molybdenum 28m grading 0.17% copper and 44ppm molybdenum True thickness is not possible to determine from the current level of available data, but sample orientation is designed to be as representative as possible.  Keith Henderson, President and CEO commented “We are very excited to receive these initial rock chip results from Lacsha South, where the remarkable consistency in assays, including 30m grading 0.22% copper and 76ppm molybdenum, could represent the upper weathered portion of a potentially large porphyry system on the property. Additionally, similar sampling has been undertaken at Lacsha North, where rock chip sampling has been completed over approximately 326m of strike length, with results pending.  Work is continuing with the objective to define drill targets over the next few months.” Ground magnetic surveys will commence in August, with grids covering both Lacsha North and South anomalies. The survey will help map intrusive contacts and aid in the detection of potentially mineralized breccia bodies at depth and in the definition of drill targets. Talks are underway with nearby communities to secure the necessary access agreements required for drill permits. Figure 1 a. Lascha Project highlighting North and South targets defined by talus sampling. 1 b. Location of the continuous channel sampling within the Lacsha South target area. 1 c. Detail map showing rock chip sample copper grades values and selected composite rock chip intercepts. 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.  QA/QC The work program at Lacsha was designed and 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.  On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to the 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

White Gold Corp. Announces Commencement of Diamond Drilling and Completion of Structural Geological Interpretation at the Betty Project, Yukon

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

White Gold Corp. Announces Commencement of Diamond Drilling and Completion of Structural Geological Interpretation at the Betty Project, Yukon Share this story... ‌ ‌ ‌ Toronto, ON – August 11, 2021 – White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce the commencement of the maiden diamond drilling program and the completion of a structural Geological interpretation at its Betty Property, contiguous to and 15km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino deposit (14.5 Moz gold & 7.1 Blbs copper of Measured & Indicated and 6.6 Moz gold and 3.3 Blb copper of Inferred), and 40km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee Gold deposit (2.17 Moz Indicated & 0.50 Moz Inferred gold). This is the second diamond drilling campaign of the company’s fully funded 2021 exploration program on its district scale 420,000 hectare land package, representing over 40% of the emerging White Gold District in Yukon, Canada, backed by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC). Highlights Include: The maiden diamond drilling program on the property is comprised of 2,000 to 2,500m in 10-12 holes on the Betty Ford and Betty White targets. At Betty Ford, drilling will test the target over an approximately 500m strike length, including the zone which returned 1.08 g/t Au over 50.29m in 2018 RAB drilling. The Betty property is located on the eastern extension of the Coffee Creek Fault, which hosts Newmont’s Coffee deposit containing gold resources of 2.17 Moz Indicated and 0.50 Moz Inferred. A new structural geological interpretation based on airborne magnetics, high-resolution LiDAR data, and soil geochemistry has significantly improved the understanding of structural controls on gold mineralization. Gold mineralization is noted on second and third order W and NE trending faults as seen at Newmont’s Coffee Gold Deposit. Geochemistry analysis and interpretation has also revealed a zone of possible porphyry style mineralization identified with elevated Copper, Molybdenum and Silver values on the property.     “We are excited to commence the maiden diamond drill program on our Betty Property. This program has been designed to test several of the prospective gold anomalies on the property which are located in close proximity to existing large gold and copper deposits situated along the same fault structure. The diamond drill program has been designed based on the recently completed structural interpretation in addition to the soil geochemistry and other exploration results from previous seasons,” stated David D’Onofrio, CEO of the Company.   Figures accompanying this news release can be found at: https://whitegoldcorp.ca/investors/exploration-highlights/   Betty Property The Betty property comprises of 860 claims which covers an area of 17,127 hectares and is strategically located contiguous to and 15km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino deposit (14.5 Moz gold & 7.1 Blbs copper of Measured & Indicated and 6.6 Moz gold and 3.3 Blb copper of Inferred), and 40km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee Gold deposit which hosts gold resources of 2.17 Moz Indicated & 0.50 Moz Inferred (Figure 1). The Betty covers the strike extension of the east-trending Coffee Creek Fault which exerts important structural controls on mineralization at the Coffee deposit. A diamond drilling program comprising 2,000 to 2,500m in 10-12 holes has recently begun at the Betty Ford and Betty White targets, which marks the commencement of the first ever diamond drilling program on the property. At Betty Ford, drilling will test the target over an approximately 500m strike length, including the zone which returned 1.08 g/t Au over 50.29m in 2018 RAB drilling.  Figure 1 - Betty Project Location Map  Figure 1a - Aeromagnetics 1VD The property hosts several early-stage exploration targets including the Betty Ford, Betty White, Betty Grable, Betty Black and Mascot targets. The Betty property is located approximately 65km southeast of the Company’s flagship Golden Saddle and Arc Deposits, which have a combined mineral resource of 1,139,900 ounces Indicated at 2.28 g/t gold and 402,100 ounces Inferred at 1.39 g/t gold.   The Betty property was originally staked in 2010 and since that time has seen intermittent exploration. Early work from 2010 to 2013 was carried out by Ethos Gold Corp. which completed soil geochemistry surveys (coarse grid), airborne magnetic and radiometric surveys, the acquisition of high-resolution satellite imagery, trenching and RC drilling. The majority of Ethos’ work was focused in the Mascot area leaving large portions of the property underexplored. More recent work has included mapping and prospecting, infill soil geochemistry, 27 IP lines totalling 11.2km line km, LiDAR imagery, GT probe sampling and RAB drilling in 2018, with BETFRDRAB18-002 returning 1.08 g/t Au over 50.29m from 4.57m depth, including 2.24 g/t Au over 9.41m from 19.81m depth. A summary of all significant historical drill intercepts from the Company and Ethos Gold Corp. can be found in Figure 2. Figure 2 - Historical RAB/RC Drilling & Soil Samples The property is underlain primarily by Late Devonian metasedimentary rocks of the Snowcap Assemblage which have been intruded by the Middle Cretaceous Dawson Range granodiorite and diorite in the southern portion of the property. The Snowcap Assemblage rocks consist of a folded package of quartzite, biotite gneiss/schist, quartz feldspar gneiss, augen gneiss, and minor marble and hornblende gneiss. The units form an open, east-west trending, isoclinal antiform with units on the southern limb having a gentle dip to the south and units on the northern limb having a moderate to steep dip to the north.   The structural and geological framework of the Betty and Hayes property located immediately to the east is characterized by 4 major fault arrays: 1) WNW-trending Yukon River Shear Zone (YRSZ); 2) E-W trending Coffee Creek fault; 3) NW-trending Big Creek fault; and 4) NE-trending Dip Creek fault. The Coffee Creek and Big Creek fault systems are highly prospective structures that, respectfully, control orogenic gold at Newmont's Coffee Gold deposit and porphyry and epithermal gold mineralization at Triumph Gold Corp.’s (TSX.V: TIG) Nucleus and Revenue deposits to the southeast. Furthermore, the YRSZ constitutes a major crustal break within the Yukon-Tanana terrane, while the Dip Creek fault develops southeast of the Casino Cu-Au-Mo porphyry deposit transecting the Dawson Range in a NE-orientation. Additional information on the Betty property can be found in the Company’s press release dated May 19, 2021.   Structural Geological Interpretation A new structural geological interpretation was recently completed on the Betty and Hayes properties by consulting structural geologist Dr. Matias Sanchez and Dr. Thomas Bissig of Fault Rocks Inc., by integrating airborne magnetics and electromagnetics (EM), high-resolution drone LiDAR data and soil geochemistry. Key findings are summarized below and interpreted structures and soil geochemistry data are shown in Figures 3-5. Figure 3 - Magnetic Interpretation The earliest fault systems are W to WNW trending, southerly verging thrust faults (later movement is dextral strike slip) including the Coffee Creek Fault and Yukon River Shear Zone, and NW trending oblique second order faults. Principal foliation and layering dips to the north. Later fault systems include the NW-trending Big Creek Fault and the NE-trending Dip Creek Fault. Additional 2nd and 3rd order faults also developed at this time, possibly in the Mid to Late Cretaceous.      Figure 4 - Structural-geomorphology The most important structures controlling gold mineralization as outlined by soil geochemistry appear to be 2nd and 3rd order NE trending and W trending structures. These areas include the Betty Ford, Betty White, Betty Grable and Mascot zones. More rarely gold mineralization appears to be associated with regional scale structures as is the case with the Betty Black zone on the Coffee Creek Fault.    The geochemical interpretation has also illustrated the presence of possible porphyry style mineralization in the NE portion of the property where elevated Cu, Mo, Ag and S values are present in soil samples. Mineralization in the Mascot area as defined by elevated Au-As-Pb-Zn appears to be intrusion-related and may represent distal mineralization associated with a porphyry system at depth. Figure 5 - Betty claims Geochem integration 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 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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