GSilver Announces C$8.25M Private Placement

GSilver Announces C$8.25M Private Placement Endeavour Silver and Ocean Partners Provide Lead Orders THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / November 18, 2021 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce that it has arranged a non-brokered private placement offering (the "Offering") of 15,000,000 units (the "Units") at a price of $0.55 per Unit for estimated gross proceeds of C$8,250,000. Each Unit consists of one common share and one-half of a share purchase warrant, each whole warrant exercisable to purchase one common share at C$0.75 for a period, subject to acceleration, of two years after closing. Major Stakeholder Support: The Company would like to acknowledge the ongoing support of our largest shareholder, Endeavour Silver Corp. ("Endeavour"), which continues to provide assistance in the restarting of the El Cubo mine and mill operation, and which has subscribed for 5,750,000 Units (C$3,162,500) of the Offering. Endeavour, which currently owns 21,331,058 shares or approximately 10.37% of the Company prior to the Offering, will own 27,982,282 shares or approximately 12.63% of the Company after giving effect to the Offering (assuming the entire Offering is sold) and the issuance of 901,224 shares to Endeavour in connection with the Company's early payment of Endeavour's US$2.5 million promissory note as announced (click here) November 16, 2021. Additionally, the Company would like to thank Ocean Partners Holdings Ltd. ("Ocean Partners") for their subscription and support. As announced on (click here:) Sept. 23, 2021, Ocean Partners has contracted with GSilver to purchase all of our silver and gold concentrate for an 18-month term, commencing in October 2021. Ocean Partners has provided GSilver with a US$1.5M prepayment facility and are now subscribing for 1,000,000 Units (C$550K) of the Offering to become an equity shareholder of the Company. James Anderson, Chairman & CEO, stated, "The continued financial backing of our largest shareholder and of our metals trading service partner is a major endorsement regarding the quality of our projects and the ability of our management team to execute. We consider it prudent at this time to ensure that GSilver has a healthy balance sheet and financial buffer in place as we move forward with the El Cubo ramp-up." Use of Proceeds: The net proceeds from the Offering will be used to fund the ongoing exploration, development, and expansion of the Company's El Cubo mine and mill complex and El Pinguico silver and gold project, both located near the city of Guanajuato, Mexico; and for general corporate and working capital purposes. The Offering is subject to acceptance of the TSX Venture Exchange (the "TSXV") with an initial closing scheduled for on or about November 30, 2021. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of closing. The Company may pay finder's fees in cash, shares or warrants or any combination thereof to certain finders in connection with the sale of Units in accordance with the policies of the TSXV. By virtue of its current shareholdings in GSilver, Endeavour's acquisition of Units in the Offering constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In addition, it is expected that certain directors and/or officers of GSilver will be participating in the Offering. However, the Company expects the participation by Endeavour and such directors and/or officers (collectively the "Insiders") in the Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the fair market value of the Units subscribed for by the Insiders, nor the consideration for the Units to be paid by the Insiders, will exceed 25% of the Company's market capitalization. The Company will file a material change report in connection with the Offering less than 21 days before the expected closing date of the Offering, which the Company deems reasonable in the circumstances to be able to avail itself of potential financing opportunities and complete the Offering in a timely manner. About Guanajuato Silver Co. Ltd.: GSilver mines and processes silver and gold concentrate from its El Cubo mine and mill. The Company continues to delineate additional silver and gold resources through underground drilling at El Cubo and its nearby El Pinguico project. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Co. Ltd, please contact: JJ Jennex, Communications Manager, +1 (604) 723-1433 Email: jjj@gsilver.com Continue to watch our progress at: www.GSilver.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This new 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 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. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the total proceeds to be raised under the Offering and the timing thereof and the use of proceeds therefrom; the ability of the Company to successfully ramp-up production at El Cubo and produce larger quantities of silver and gold concentrate at higher grades; the Company's ability to restart production from the El Pinguico mine and supply sufficient quantities of silver and gold bearing material from El Pinguico and El Cubo to the El Cubo mill to produce concentrate at the projected amounts, grades, costs and revenues; the Company's future development and production activities; estimates of mineral resources and the accessibility, attractiveness, mineral content and metallurgical characteristics thereof; the opportunities for future exploration, development and production at El Cubo and El Pinguico and the proposed exploration, development and production programs therefor and the timing and costs thereof; and the success related to any future exploration, development and/or production 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, labor, materials, supplies and services (including transportation); no union or other labor-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 exploration, 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, union or other 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 ramp-up production at the El Cubo mill to process mineralized materials to produce silver and gold concentrate in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's 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 information and 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. Forward-looking information and 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/673541/GSilver-Announces-C825M-Private-Placement 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. Intersects Broad Zones of Significant Near Surface Gold Mineralization at its Betty Ford Target Including 50m of 3.46 g/t Gold and 48m of 1.17 g/t Gold in Maiden Diamond Drill Program

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

White Gold Corp. Intersects Broad Zones of Significant Near Surface Gold Mineralization at its Betty Ford Target Including 50m of 3.46 g/t Gold and 48m of 1.17 g/t Gold in Maiden Diamond Drill Program Share this story... ‌ ‌ ‌ Highlights Include: 6 diamond drill holes totalling 1,364m tested the Betty Ford target along an approximately 500m strike length, with hole lengths ranging from 190 to 278m (Figure 2). 2 of 6 diamond drill holes intersected significant broad zones of near surface gold mineralization across a 100m strike length, including: Hole D003 intersected 50.0m of 3.46 g/t Au from 33.0m including a higher-grade core of 5.25 g/t Au over 19.0m down hole and an upper zone of 1.14 g/t Au over 6.1m from 15.9m (Figures 3 & 3a). Hole D001 intersected 48.0m of 1.17 g/t Au from 19.0m including a higher-grade core of 2.38 g/t Au over 10.0m and an upper zone of 9.03 g/t Au over 1.0m from 6.0m (Figure 4). Gold mineralization is hosted within a newly identified east-west striking subvertical polylithic breccia unit that is 40m to 60m thick. The soil geochemical anomaly indicates that the shallow zone of gold mineralization remains open along strike to the east and 200m to the west. Drilling encountered 2 styles of mineralization: 1) broad zones (50m) of gold-silver mineralization within the polylithic breccia in holes BETFD21D001 and 003; and 2) narrower zones (1-5m) of silver-zinc-lead mineralization which was intersected in all holes. The Betty property is located on the eastern extension of the Coffee Creek Fault, which hosts Newmont’s Coffee deposit. The 2021 maiden diamond drill program focused on 2 of 5 targets identified on the Betty property, with drill testing of the other targets planned for next year’s program. A detailed review of all available exploration and drilling data is currently in progress to help guide further drill testing. A video overview from management discussing these results in more detail can be found at: https://www.youtube.com/watch?v=QlI-JyiCaJE Results from additional 2021 diamond drilling and other exploration activities will be forthcoming in due course.   Figures accompanying this news release can be found at: https://whitegoldcorp.ca/investors/exploration-highlights/. Assay results are summarized below in Table 1, and drill hole collar details are provided in Table 2. “We are very excited by the results from our maiden diamond drill program on the Betty Ford target” stated David D’Onofrio, CEO. “Hole 3 ranks amongst the best holes drilled in the district, including at our flagship Golden Saddle deposit, and has considerably extended the recently discovered broad zone of near surface gold mineralization, while encountering significantly higher-grade gold mineralization and remains open along strike. We look forward to following up on these exciting results and to testing the other prospective targets on the Betty property, located in such close proximity to existing large gold and copper deposits and situated along the same fault structure”. Shawn Ryan, Co-Founder and Chief Technical Advisor stated, “It’s nice to finally see the Betty Project get its first round of diamond drilling. I staked the project back in 2010 to cover two key intersecting regional structures, namely the Dip Creek fault (NE) and the prospective Coffee Creek fault (EW). Since then, we have conducted a systematic soil program that has outlined a large gold mineralized system. This is the same exploration path that led to the discovery of the Golden Saddle and Coffee deposits.   Comparing the Betty hole BETFD21D003 gold grade and intensity to the Golden Saddle and Coffee deposits, reminds me of Underworld 2008 drilling on the Golden Saddle, which is now owned by White Gold, where Hole 21 intersected 50m of 3.1 g/t Au with a follow up hole WD09-31 in 2009 returning 104m of 3.39 g/t Au. We also saw similar intensities in the Coffee’s Double-Double zone where they intersected 33.5 m of 5.1 g/t Au.  This diamond drilling program is a great start to hopefully leading to the Yukon’s next big discovery.”  Figure 1 - Betty Ford Target Regional Map Figure 1a - Betty Property Regional Aeromagnetic Map Table 1. Summary of 2021 Diamond Drilling Gold Assay Results at the Betty Ford Target. * Note: All drill hole intercepts reported herein are core lengths. Currently there is insufficient data to estimate true thicknesses. Betty Ford Target The Betty Ford target is located in the centre of the Betty property and forms an approximately 1 km long east-west trending gold-in-soil anomaly with gold values ranging from trace up to 1,961 ppb Au. Bedrock exposure in this area is extremely limited and existing property-scale geology maps indicate the area is underlain predominately by metasedimentary rocks comprising quartzite and muscovite and/or biotite schists. The Betty property is located on the eastern extension of the Coffee Creek Fault, which hosts Newmont’s Coffee deposit In 2018 a 6-hole RAB drilling program by the Company tested the central portion of the soil anomaly and 3 holes encountered gold mineralization including 0.94 g/t Au over 24.39m in BETFRDRAB18-001, 1.08 g/t Au over 50.29m in BETFRDRAB18-002, and 0.75 g/t Au over 13.72m in BETFRDRAB18-003. The 2021 diamond drilling results reported here represents the first follow up drilling since the original 2018 discovery. 2021 Diamond Drilling Program The 2021 diamond drilling program at the Betty Ford target comprised 6 holes totalling 1,364m which tested the target area along an approximately 500m strike length with hole lengths ranging from 190 to 278m. The 4 westernmost holes (BETFD21D001 to 004) were drilled to the south (180°) at dips of -50°, and the 2 easternmost holes (BETFD21D005 & 006) were drilled to the southwest (210°) at a dip of -50°. Figure 2 - Betty Ford Target 2021 Diamond Drilling Results Hole BETFD21D001 was drilled to validate BETFRDRAB18-002 which had returned the best gold intercept (1.08 g/t Au over 50.29m) in 2018 RAB drilling. BETFD21D001 confirmed the overall thickness and grade of gold mineralization, returning a narrow high-grade gold intercept directly beneath overburden grading 9.03 g/t Au over 1.0 from 6.0-7.0m, and an underlying main zone that returned 1.17 g/t Au over 48.0m from 19.0-67.0m. The mineralization also contains silver values in the range of 2.50 to 3.40 g/t Ag. Mineralization is hosted within a newly identified east-west striking subvertical polylithic breccia unit that is approximately 40-60m thick which is bounded by metasedimentary rocks (quartzites, and muscovite and biotite schists) to the north and south. The breccia contains angular to sub-rounded fragments of a wide variety of lithologies (metasediments, porphyry, tuff, fuchsitic-altered mafic to ultramafic rocks, quartz vein fragments, etc.) ranging in size from millimetres to decimetres, varies from matrix to clast-supported, and contains minor (trace-2%) disseminated and cubic pyrite in the matrix. Hole BETFD21D003 was drilled 100m east and along strike from BETFD21D001, and also intersected a broad zone of gold mineralization. An upper zone returned 1.14 g/t Au over 6.1m from 15.9 to 22.0m, and the underlying main zone returned 3.46 g/t Au over 50.0m from 33.0 to 83.0m, which included a higher-grade core that averaged 4.47 g/t Au over 30.0m from 44.0-74.0m including 5.25 g/t Au over 19.0m from 44.0-63.0m. Silver values in the mineralized zones in this hole ranged between 4.25 and 5.19 g/t Ag. Hole BETFD21D002 was drilled to undercut hole BETFD21D001 by approximately 50m, and BETFD21D004 was drilled to test for a strike extension 100m to the west. Neither hole intersected significant gold mineralization, however a second style of polymetallic mineralization was encountered. These form relatively narrow zones (1-3m) of silver-zinc-lead mineralization with metal values in the range of 7.4 to 159.0 g/t Ag, 385 – 3,660 ppm Zn and 72 – 2,211 ppm Pb. Holes BETFD21D005 & 006, which drilled further to the east, did not intersect significant gold mineralization but again encountered narrow zones (0.75 – 5.30m) of silver-zinc-lead mineralization. Mineralized zones in these holes averaged in the range of 13.23 – 57.85 g/t Ag, 86 – 3,197 ppm Zn and 452 – 2,780 ppm Pb. Interpretation & Next Step Figure 3 - Betty Ford Target Geological Cross Section 1 Figure 3a - Betty Ford Target Core Photos The preliminary interpretation suggests that the main zones of significant gold mineralization encountered in holes BETFD21D001 and 003 are hosted in an upper oxidized and transition (oxide to sulphide) zone, which is underlain by a relatively unmineralized sulphide domain within the polylithic breccia unit. The soil geochemical anomaly indicates that the gold mineralized zone remains open along strike to the east and 200m to the west, possibly confined to shallow depths (50-75m below surface) related to oxidation. Figure 4 - Betty Ford Geological Cross Section 2 Hole BETFD21D002 which undercut hole BETFD21D001 did not encounter any gold mineralization, despite drilling through a thick section of the host polylithic breccia, possibly drilled below the gold mineralized oxide-transition zones. It also appears possible that holes which tested the zone along strike to the west (BETFD21D004) and east (BETFD21D006) may have also intersected the polylithic breccia unit below the oxide-transition zones, explaining the absence of significant gold mineralization in these holes.  The narrower zones of Ag-Zn-Pb mineralization encountered may represent distal mineralization to a possible porphyry system. Historic RC drilling at the Company’s Mascot target located approximately 6 km east-southeast of the Betty Ford target encountered intrusion-related mineralization with a similar Ag-Zn-Pb association, however gold content is notably higher at Mascot, including 2.62 g/t Au over 41.1m in hole BETR12-022 (see “About the Betty Property” below for more detail). The structural geological setting of the Betty property is complex, however the Company has made significant progress in developing a better understanding of structural controls related to several different styles of mineralization (see Company news release dated August 11, 2021). Over the coming months the Company’s geologists and consultants will be carrying out a thorough review and detailed interpretation of all existing exploration and drilling data. Follow-up diamond drilling at the Betty Ford target next season will focus on tracing the near-surface extensions of the significant gold zone that has been identified in holes BETFD21D001 and 003. Additional prospective targets on the property, in particular the large Mascot target, will also be tested by diamond drilling. In addition to the diamond drilling carried out on the Betty Ford target, drilling was also carried out on the Betty White target located approximately 750m to the north. Assay results for the latter drilling are pending and will be announced in due course. Table 2. Collar Details for 2021 Diamond Drill Holes at the Betty Ford Target. About the Betty Property The Betty property comprises 860 quartz claims which cover an area of 17,127 hectares and is strategically located contiguous to and 15 km northeast of Western Copper and Gold Corporation’s Casino porphyry deposit and 40 km east of Newmont Corporation’s Coffee Gold deposit. The property hosts several early-stage exploration targets including the Betty Ford, Betty White, Betty Grable, Betty Black and Mascot targets. The 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. (“Ethos”) (TSXV: ECC; OTCQB: ETHOF; FRA: 1ET) which completed soil geochemistry surveys (coarse grid), airborne magnetic and radiometric surveys, the acquisition of high-resolution satellite imagery, trenching and reverse circulation (RC) drilling. The majority of Ethos’s work was focused in the Mascot target area leaving large portions of the property underexplored. More recent work has included mapping and prospecting, infill soil geochemistry sampling, ground geophysical surveys (Induced Polarization-Resistivity, and Magnetics – VLF-EM), LiDAR surveys, GT probe sampling and RAB drilling in 2018. Significant historical RC & RAB drilling results include 2.62 g/t Au over 41.1m in hole BETR12-022, 29.75 g/t Au over 3.1m in BETR12-012 and 2.19 g/t Au over 10.7m in BETR12-014 in Ethos RC drilling at the Mascot target, and 1.08 g/t Au over 50.29m in hole BETFRDRAB18-002 in 2018 RAB drilling by the Company at the Betty Ford target. The Betty 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 structural geological setting of the property area is complex with 4 major fault arrays being recognized: 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 earliest faults 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. 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. 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. Based on soil geochemistry and structural interpretations, the property is prospective for several styles of mineralization including orogenic gold, intrusion-related gold, and porphyry copper (Au/Mo) mineralization. QA/QC   Analytical work for the 2021 diamond drilling program was performed by ALS Canada Ltd., an internationally recognized analytical services provider, at its North Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All diamond drill core samples were prepared using procedure PREP-31H (crush 70% less than 2mm, riffle split off 500g, pulverize split to better than 85% passing 75 microns) and analyzed by method Au-AA23 (30g fire assay with AAS finish) and ME-ICP41 (0.5g, aqua regia digestion and ICP-AES analysis). Samples containing >10 g/t Au were reanalyzed using method Au-GRAV21 (30g Fire Assay with gravimetric finish).   The reported work was completed using industry standard procedures, including a quality assurance/quality control (“QA/QC”) program consisting of the insertion of certified standards, blanks and duplicates into the sample stream. 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 emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which 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). Mineralization at the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s VG deposit acquired in March 2019 hosts an Inferred Resource of 267,600 ounces of gold at 1.62 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation, and Western Copper and Gold Corporation’s Casino project. For more information visit www.whitegoldcorp.ca.   (1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See White Gold Corp. press release dated November 11, 2021 “White Gold Corp. Announces 16% Increase to Inferred Resources at its VG Deposit Located 11 km North of its Flagship Golden Saddle and Arc Deposits, Yukon, Canada”.   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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