GSilver Discovers High-Grade Historical Tailings Material at El Cubo Assays 727 GPT AgEq Over 1.2m

GSilver Discovers High-Grade Historical Tailings Material at El Cubo Assays 727 GPT AgEq Over 1.2m and 711 GPT AgEq Over 1.0m VANCOUVER, BC / ACCESSWIRE / June 22, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to report the discovery of high-grade gold and silver material in an historical tailings area at the Company's wholly owned El Cubo Mine Complex in Guanajuato, Mexico. Highlights: A 43,000 sq. meter, 1.0m-1.5m thick layer of high-grade surface material has been identified from a retired tailings facility named‘Mastrantos IV'. 134 shallow drillholes, totalling 220.5 drilled meters (holes to approximately 2.0m depth), were completed at Mastrantos IV this year; the best results included Drillhole #164 grading 727gpt AgEq over 1.2m and Drillhole# 166 grading 711 gpt AgEq over 1.0m. Over 95% of the drillholes encountered significant mineralization. The majority of this mineralization exists as free-gold; GSilver has tested several different gravitational separation procedures in order to extract the gold and silver from this material. Final assessments on the exact method the Company will use to process this material will be decided upon shortly. Commenting on this news, James Anderson, Chairman & CEO said, "Our intention is to add additional silver and gold concentrate production through an independent gravity separation circuit. This will allow us to expand overall production at El Cubo without interfering with the regular flow of material through our processing facility. GSilver's ability to identify and then rapidly act upon this opportunity is demonstrative of the technical quality of our Mexican operating team. Going forward, we plan to investigate and subsequently exploit similar development opportunities that we believe exist within the Guanajuato mining district, where processing of precious metals has been ongoing for over 450 years." The Mastrantos IV tailings facility is located approximately 3km from the El Cubo mill and had an operational history dating principally between 1986 to 2003, during which time the price of gold generally traded below US$400 per ounce. Also, most of the Mastrantos IV material comes from El Cubo's Santa Cecilia area which at that time was encountering bonanza gold grades. These combined circumstances may have contributed to the low gold recoveries and the high-grade values left in the tailings. The target area at Mastrantos IV is a gold and silver mineralized layer starting at surface and extending to approximately 1.5 meters in depth; a total of 134 shallow holes (drilled to approximately 2.0m total depth) were drilled over an area of more than 43,000 sq. meters. Silver equivalent (AgEq) results for each hole are included in Figures 1 and 3 below; higher grades of greater than 250 gpt AgEq are common and make up the majority of the drillholes that define this mineralized layer. GSilver has not undertaken a NI 43-101 resource estimate for this mineralized material; however if metallurgical tests support economic viability, GSilver plans to begin processing the Mastrantos IV material as soon as practicable. Preliminary testing to date, which has included a bulk sample and numerous metallurgical trials completed in conjunction with the University of Guanajuato's School of Mines, has demonstrated encouraging results. Once final metallurgical tests are completed, the Company plans to extract the gold and silver content from Mastrantos IV using a gravity extraction circuit. The El Cubo Mine has been in almost continuous operations for the past 200 years. GSilver will continue to investigate additional opportunities for tailings reprocessing from other tailing facilities located on its properties - many of which pre-date Mastrantos IV. Figure 1 - Plan View of Mastrantos IV Showing Assay Results in AgEq. Figure 2 - Plan View of Mastrantos IV Showing Drillhole Collar Locations. Figure 3 - Table of assay results for 134 shallow drill holes (101 to 248), all results drilled from surface. Note: All silver equivalent (AgEq) values are calculated based on a long-term gold to silver price ratio of 80:1 as used by mineral industry advisors, Behre Dolbear and Company (USA), Inc., in the Company's NI 43-101 PEA report with the effective date of January 31, 2021; a copy of which is available for review on SEDAR. Sampling and quality assurance/quality control Drill core was first reviewed by a Company geologist, who identified and marked intervals for sampling. The marked sample intervals were then cut in half; half of the core was left in plastic bag, and the other half was placed in additional plastic bags, sealed and labeled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab. The analytical work reported on herein was performed by Corporacion Quimica Platinum S.A de C.V., Silao, Guanajuato, Mexico (Uncertified Laboratory). To validate our assay results and our preparation procedures, GSilver sends additional random samples representing approximately 20% of all analytical samples to Bureau Veritas in Hermosillo, Sonora, Mexico. Bureau Veritas is an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) geo-analytical laboratory and is independent of GSilver and its "qualified person". Core samples were subject to crushing at a minimum of 70 per cent passing two millimeters, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30-gram fire assay (FA) analysis, in addition to silver and 34-element using fire assay and gravimetry termination. Following industry-standard procedures, blank and standard samples were inserted into the sample sequence and sent to the laboratory for analysis. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. GSilver detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. Hernan Dorado Smith, a director and officer 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 Co. Ltd.: GSilver mines and processes silver and gold concentrate from its El Cubo mine and mill. The Company continues to delineate for 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, Mexico, which has an established 480-year mining history. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Company Ltd., please contact: JJ Jennex, 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. Forward-Looking Information and Statements This news release contains certain forward-looking information and statements, which relate to future events or future performance including, but not limited to, the potential quantity, gradesand recovery rates of mineralized material contained within the historic ‘Mastrantos IV' tailings facility and the potential for additional mineralized material in other historic tailings facilities at El Cubo or elsewhere, the Company's plan to begin processing of mineralized material from ‘Mastrantos IV' upon receipt of favorable metallurgical test results, the gravitational separation method to be used and the estimated timing thereof, and the Company's expectations for expanding overall production at El Cubo without interfering with the current flow of materials through the El Cubo processing facility and generating additional revenue from Mastrantos IV and potentially other historic tailings facilities in and about Guanajuato, Mexico. 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 estimates of the overall volume of mineralized material at Mastrantos IV and the grades thereof and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of the mineralized material 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 mining operations at Mastrantos IV; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for development of Mastrantos IV, capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) remaining as estimated; 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, rising inflation, supply chain disruptions, 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 silver, gold and other metals, operating risks, accidents, labour 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 develop and produce concentrate from the historic tailings at Mastrantos IV to deliver the tonnage, grades, recoveries, and revenue from precious metals concentrate sales at the costs and within the timetable anticipated. In addition, GSilver's plan to begin processing mineralized material from Mastrantos IV following receipt of favorable metallurgical results 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. Mineralized materials 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 processing of mineralized material from Mastrantos IV will generate revenues or positive cash flow in the amounts anticipated or at all. There is also uncertainty about the ongoing spread of COVID-19, the war in Ukraine, rising inflation and interest rates (both domestically and abroad) and the impact they will have on the Company's operations, supply chains, ability to access El Cubo and/or El Pinguico or procure equipment, supplies, contractors and other personnel or raise capital on a timely basis or at all and economic activity in general. All the forward-looking statements and information 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. The forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/706108/GSilver-Discovers-High-Grade-Historical-Tailings-Material-at-El-Cubo-Assays-727-GPT-AgEq-Over-12m-and-711-GPT-AgEq-Over-10m Copyright © 2022 Guanajuato Silver Company Ltd., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Guanajuato Silver Company Ltd. 578 – 999 Canada Place Vancouver, BC V6C 3E1 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

Precipitate Commences Ground Geophysical IP Survey at Motherlode Gold Project in Newfoundland, Canada

Forward this email to a friend View email in your browser   Precipitate Commences Ground Geophysical IP Survey at Motherlode Gold Project in Newfoundland, Canada Vancouver, B.C. – June 21, 2022 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce it has commenced ground geophysical surveying at the Motherlode Gold Project ("Motherlode" or the "Project") within the Burin Peninsula of southern Newfoundland, Canada. The Company has initiated a ground geophysical program of magnetic and induced polarization ("IP") surveying at the high priority Motherlode Zone. The IP survey will consist of 11 lines at 100 metre spacing for an estimated total of 7.5 line-kilometers. These two surveys will cover a 1,000 metre portion of the laterally extensive shear-structure trend which bisects the Zone in a northeast - southwest direction. The Motherlode Zone hosts the Project's most notable gold mineralization and related surface colour gossan identified to date, with rock grab sample values up to 25.0 g/t gold* and historical drill results including 3.5m at 1.4 g/t gold. Jeffrey Wilson, Precipitate's President & CEO stated, "We're pleased to initiate this important program of detailed ground geophysical surveying at the Motherlode Zone, as this work represents a critical step toward delineating and prioritizing drill targets. The Company's recently completed review and interpretation of existing geochemical, geological, and geochemical data provided prioritized zones warranting detailed follow up groundwork. The IP survey will provide valuable subsurface geophysical signatures within these prioritized zones and aid in identifying targets for an anticipated near-term drill campaign." The Company has completed the first phase project-wide exploration program of prospecting, geological mapping and surface sampling, with emphasis on the 7 high priority and 11 secondary target areas outlined in previous news releases. A total of 330 rock samples have been submitted to the laboratory for analyses. Figure 1: Motherlode Project Location Map and Area of IP Surveying Figure 2: Photo of Motherlode Zone Surface Colour Gossan (looking north) The Motherlode Zone hosts structurally related orogenic gold style mineralization, where gold enriched quartz veins-stockworks are strongly associated with shears and faults containing low pyrite and arsenopyrite sulphide concentrations. The Company's website has additional information and illustrations of recent and historical Motherlode project data. For reference: g/t = grams per tonne, Au = gold, m = metres * 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 investor@precipitategold.com Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.'s ("Precipitate" or the "Company") current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Copyright © 2022 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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Watch Precipitate Gold's CEO Jeffrey Wilson Discuss the Current Gold Markets on the Latest CRUX Investor Gold Panel

Forward this email to a friend View email in your browser   Watch Precipitate Gold's CEO Jeffrey Wilson Discuss the Current Gold Markets on the Latest CRUX Investor Gold Panel Check out Jeff Wilson's lively panel discussion with CRUX Investor on the outlook for gold and possible investment opportunities Copyright © 2022 Precipitate Gold Corp., All rights reserved. You are receiving this email because you subscribed for updates via our website. Our mailing address is: Precipitate Gold Corp. 625 Howe Street, Suite 1020 Vancouver, BC V6C 2T6 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

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White Gold Corp. Commences 2022 Diamond Drill Program

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

White Gold Corp. Commences 2022 Diamond Drill Program  Share this story... ‌ ‌ ‌ June 13, 2022 - Toronto, ON - White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce the commencement of its 2022 diamond drill program at the Ryan’s Surprise and Ulli’s Ridge targets on its White Gold property. These targets occur in the southern part of a 6.5 km long north-northwest gold-arsenic geochemical trend (the “Ryan’s Trend”) and are located approximately 2 km west (Figure 1) 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 Au and 402,100 ounces Inferred at 1.39 g/t Au(1). The Company’s VG deposit, located approximately 11 km to the north, has an Inferred gold resource of 267,600 ounces at 1.62 g/t Au(2). This diamond drill program forms part of the Company’s 2022 fully funded $6 million exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC). “We are excited to kick off our eagerly anticipated 2022 exploration program with the commencement of diamond drilling at the Ryan’s Surprise and Ulli’s Ridge targets. In 2021, maiden diamond drilling at Ulli’s discovered a significant new high-grade gold zone that we are keen to follow up on. The Ryan’s Trend has demonstrated significant potential to increase the Company’s substantial resource base in the prolific and underexplored White Gold District. The initial phase will test the extensions of the high-grade mineralized zone encountered last year and additionally test the gap area between Ryan’s Surprise and Ulli’s Ridge Zones, with the goal of further expanding the large footprint of mineralization encountered to date. The diamond drill will then be moving to the Betty property to follow up on the 2021 high grade discovery (3.46 g/t Au over 50.0m in hole BETFD21D003) and to conduct maiden diamond drilling at other targets in close proximity. Additional detail on other components of the 2022 exploration program will be released in the coming weeks,” stated David D’Onofrio, Chief Executive Officer. Maps accompanying this news release can be found at https://whitegoldcorp.ca/investors/exploration-highlights/. Highlights of 2022 Exploration Program on the White Gold Property Include Approximately 2,700 m of diamond drilling is planned to further test 3 target areas (Figure 2): Area around the newly discovered high-grade gold zone at Ulli’s Ridge, with hole WHTULR21D004 returning 6.94 g/t Au over 19.5 m. Gap area between the Ryan’s Surprise and Ulli’s Ridge target to determine if they form part of the same mineralized zone (Figure 3). Infill drilling at Ryan’s Surprise to provide sufficient drill spacing to conduct a potential initial mineral resource estimate. Additional planned 2022 work on the property includes a focused prospecting program along the entire length of the 6.5 km long Ryan’s Trend, with rotary air blast (RAB) drilling of the highest priority targets scheduled in late season. A video replay providing a detailed overview of the 2022 exploration program can be found on the Company’s website at: https://whitegoldcorp.ca/media/videos/. The Company will be exhibiting at PDAC 2022 at booth #3333 in the Investors Exchange from June 13th to 15th from 10 a.m. to 5 p.m. ET. Conference attendees are encouraged to visit to learn more about the Company and ask any questions they may have. Additional details on upcoming diamond drilling on the Betty Property and other components of the 2022 exploration program will be released in the coming weeks   The diamond drilling at Ryan’s Surprise and Ulli’s Ridge is expected to be carried out in 2 phases, with the initial phase targeting the high-grade gold zone at Ulli’s Ridge and the gap area between the Ryan’s Surprise and Ulli’s Ridge targets. The drill rig will then be moved south to the Company’s Betty property to complete the planned diamond drilling program at the Betty Ford and Mascot targets (see Company News Release dated May 18, 2022, available on SEDAR), before returning later in the season to complete the second phase of infill drilling at Ryan’s Surprise. Assay results for all drill programs will be released as they become available and interpreted by the Company. Figure 1 - White Gold Property Location Map  Figure 2 - White Gold Property - 2022 Diamond Drilling Overview  Figure 3 - Ulli's Ridge & Ryan's Surprise Conceptual Models FOLLOW US ‌ ‌ ‌ ‌ ‌ About White Gold Corp. The Company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization 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 an Inferred gold resource of 267,600 ounces at 1.62 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 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”, Effective Date May 15, 2020, Report Date July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon, Canada”, Effective Date October 15, 2021, Report Date November 15, 2021, available on SEDAR. (3) See Newmont Corporation news release titled “Newmont Reports 2021 Mineral Reserves of 93 Million Gold Ounces and 65 Million Gold Equivalent Ounces”, dated February 24, 2022: https://www.newmont.com/investors/news-release/default.aspx. (4) See Western Copper and Gold Corporation technical report titled “Form 43-101F1 Technical Report Preliminary Economic Assessment”, Effective Date June 22, 2021, Report Date August 2, 2021 , prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., and Daniel Friedman, P.Eng., 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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