White Gold Corp. (TSXV:WGO)(OTCQX:WHGOF)(FRA:29W) (the "Company") is pleased to announce the commencement of its fully funded 2026 exploration program on its district scale land package in the emerging White Gold District in Yukon, Canada. The primary objectives will be resource growth and expansion within, adjacent and in close proximity to the Company's known gold resources comprised of the Golden Saddle, Arc, Ryan's Surprise, and VG deposits. All four deposits remain open for expansion along strike and down-dip. In addition to resource growth, a portion of the exploration program will be focused on further advancing discovery-stage targets, as well as towards evaluating high priority early-stage prospects for discovery potential. The fully funded exploration program supported by strategic partners including Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) will include the largest diamond drilling campaign in company history.

The Company is also continuing to advance its maiden Preliminary Economic Assessment on the White Gold Project, which is expected to be released in the near term.

White Gold Corp's property portfolio (Figure 1) includes 15,362 quartz claims across 21 properties covering ~300,000 hectares (3,000 km2), and hosts numerous prospective gold and critical mineral targets in addition to the Company's flagship White Gold Project which comprises 1,732,300 ounces of gold in the Indicated Resource category (35.2 million tonnes averaging 1.53 g/t Au) and 1,265,900 ounces of gold in the Inferred Resource category (32.3 million tonnes averaging 1.42 g/t Au)(1)(2) and remains open for further expansion (Figure 2 and 3).

"We are incredibly excited to be embarking on the largest diamond drill program in White Gold Corp's history, and believe 2026 has the potential to be a transformational year for the Company. This program builds directly on the success of our very modest 2025 exploration campaign which delivered outstanding results - extending the high-grade core at Golden Saddle and successfully intersecting gold mineralization on our initial step-down holes at the Arc deposit. Those results gave us additional confidence in the depth and strike potential of these systems, and now, with a fully funded and significantly larger program, we have the opportunity to meaningfully move the needle for growth on all four deposits simultaneously. Our objective is clear: grow ounces at Golden Saddle, Arc, Ryan's Surprise, and VG, while also advancing our most exciting near-deposit and discovery-stage targets. If the geological story continues to unfold the way the data suggests it could, we have every reason to believe that there can be significant growth and more discoveries to be made" stated Dylan Langille, Vice President of Exploration for White Gold Corp.

"2026 has the potential to be a defining year for White Gold Corp. With three drill rigs turning across our flagship gold project which ranks among Canada's highest-grade undeveloped open-pit gold resource, and multiple high-priority discovery targets, this program is designed to pursue meaningful resource growth while continuing to unlock the broader potential of our district-scale land package in an emerging mining jurisdiction with exceptional geological potential. Coupled with the anticipated release of our maiden Preliminary Economic Assessment, and upcoming spin-out of critical mineral projects, we are entering into a catalyst rich period for potential value creation and as we work to further establish White Gold as one of Canada's premier emerging gold exploration and development companies with exceptional projects backed by the right people, in the right place at the right time," stated David D'Onofrio, Chief Executive Officer of White Gold Corp.

Highlights

Launch of largest exploration drill program in Company history

Initial drilling will focus on resource growth around all four open pit gold deposits which comprise the White Gold Project - Golden Saddle, Arc, Ryan's Surprise and VG (QV Property).

Golden Saddle - Testing expansion of the high-grade core (1.1 million ounces Indicated (12.3 Mt @ 2.84 g/t Au) and 93,000 ounces Inferred (1.4 Mt @ 2.03 g/t Au), parallel zones of mineralization in both the hanging wall and footwall, and extension toward Golden Saddle West.

Arc - Testing extension, both down-dip and along strike, of mineralization that is currently defined along a 1.5 km strike length but only down to 100-meters average vertical depth.

Ryan's Surprise - Expand mineralization along strike, both east and west away from currently defined mineralization

VG - extend mineralization down plunge and along strike toward the east.

Continued relogging and sampling of unsampled core belonging to the footwall and hanging wall host rocks at the Golden Saddle, which were not assayed in historical drilling but may bear additional mineralization potential

Continued exploration across the portfolio of properties, advancing discovery-stage targets as well as assessing early-stage prospects for discovery potential.

Maiden Preliminary Economic Assessment on the White Gold Project underway, and to be delivered near term.

Completion of W2 Critical Minerals Corp transaction to Spin-out of significant critical mineral assets (see Company press release dated May 5, 2026) designed to unlock the value of White Gold's critical mineral project portfolio by transferring its portfolio of copper, molybdenum, tungsten and other critical mineral properties into a dedicated, standalone publicly listed vehicle with shares to be distributed to White Gold shareholders.