White Gold Corp. Closes Second and Final Tranche of $5.25M Upsized Private Placement

Financing and Ownership - The company successfully closed the second and final tranche of a non-brokered private placement, raising approximately $250,000 by selling 1,136,364 common shares at C$0.22 per share [1] - Combined with the first tranche completed on December 23, 2024, the total gross proceeds from the Offering reached $5.25 million [1] - Agnico Eagle Mines Limited acquired the 1,136,364 HD Shares and now holds an 18.3% ownership interest in the company on a partially-diluted basis [3] Exploration Program and Portfolio - The funds raised will fully finance the company's 2025 exploration program, focusing on its district-scale gold and critical mineral property portfolio [2] - The portfolio includes significant defined gold resources with extensive growth potential and greenfield opportunities in a prolific and underexplored area of Canada [2] - The company owns 15,876 quartz claims across 26 properties, covering approximately 315,000 hectares (3,150 km²), representing about 40% of the Yukon's emerging White Gold District [4] Resource Estimates - The flagship White Gold project contains four near-surface gold deposits with an estimated 1,203,000 ounces of gold in Indicated Resources and 1,116,600 ounces of gold in Inferred Resources [4] - The company's claim packages border significant gold discoveries, including Newmont Corporation's Coffee project with Measured and Indicated Resources of 2.1 Moz at 1.28 g/t gold and Inferred Resources of 0.2 Moz at 1.04 g/t gold [4] - Western Copper and Gold Corporation's Casino project, adjacent to the company's claims, has Measured and Indicated Resources of 7.6 Blb copper and 14.5 Moz gold, and Inferred Resources of 3.3 Blb copper and 6.6 Moz gold [4]