October 20, 2026 - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) ("White Gold" or the "Company") is pleased to announce results from the first diamond drill holes completed as part of the Company's fully funded 2026 exploration program at its flagship White Gold Project, located in the White Gold District of the Yukon, Canada (Figure 1). The initial assays from the 2026 drill program have intersected significant high grade gold mineralization in multiple lenses on both the Golden Saddle and VG deposits and successfully validate the Company's belief that these deposits remain open for continued growth that will further enhance its recently published robust Preliminary Economic Assessment (the "PEA") which delivered a C$1.86 Billion After-Tax NPV, 41% IRR and 1.5 Year Payback (see the Company's news release dated September 25, 2026)⁽⁵⁾. The 2026 diamond drill program supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) is the Company's largest ever on its flagship deposits, and equivalent to approximately 20% of the roughly 92,000 metres drilled across Golden Saddle, Arc, VG, and Ryan's Surprise deposits prior to 2026. This news release reports the first set of diamond drillhole results from the Golden Saddle and VG deposits. Assays are pending from an additional 49 holes which were designed to increase known resources and make new discoveries on the White Gold Project and will be released in due course.

Highlights

• Golden Saddle High-Grade Core Expanded ~50m: Hole WHTGS26D0219 intersected 1.47 g/t Au over 38.08m from 397.12m, including 5.13 g/t Au over 7.88m, extending the high-grade core of the main zone approximately 50m to the west, at a vertical depth of 300m - well within the resource pit shell (Figure 4). This hole also builds on the success of WHTGS25D0216 drilled in 2025 which also successfully expanded high-grade gold mineralization, returning 3.23 g/t Au over 56.10 m at a vertical depth of 350m and was not included in the current resource or PEA.
• Golden Saddle Additional Zones: The same hole WHTGS26D0219 also returned 1.16 g/t Au over 12.60m in the shallow hanging wall mineralization from 140.5m, and 4.05 g/t Au over 1.97m in the footwall, expanding and highlighting the continued potential for stacked zones above and below the main zone.
• VG Mineralization Extended from 230m to 320m Down-Plunge: Hole QV26-026 intersected 2.53 g/t Au over 18.90m from 172.1m, and hole QV26-024 intersected 0.71 g/t Au over 38.45m, including 1.14 g/t Au over 6.18m. Together these holes extend drilled mineralization at VG well beyond the previous deepest intercept in QV13-010 and beyond the limits of the current mineral resource estimate, over a strike length of approximately 150m (Figure 3).
• VG Historical High-grade Intercept Now Connected to Resource: The 2026 holes importantly also bridge an approximately 120m gap to historical hole QV13-011 which returned 2.43 g/t Au over 21.36m, including 3.40 g/t Au over 12.54m⁽¹⁾ establishing continuity of mineralization at VG to approximately 350m down-plunge, which remains open.
• Outlook: All four deposits of the White Gold Project remain open in multiple directions. Results from these holes will be incorporated into future mineral resource updates. Assays are pending from 49 additional diamond drill holes from the 2026 program designed to expand the know deposits and make new discoveries in close proximity, and will be released with additional detail in due course.

"Further to the very strong PEA recently released, these initial results are another major accomplishment in our goal of making 2026 a transformative year for White Gold Corp. Successfully intersecting high grade gold in multiple areas validates our conviction that the White Gold Project has the potential to continue to grow substantially and that we are in the early days of demonstrating the abundant mineralization at the White Gold Project and across our truly district scale land package in the prolific White Gold District. With these early results and our observations on the additional holes drilled in 2026, we are very optimistic about the potential for meaningful additional growth and look forward to all the additional results from this significantly larger program," stated David D'Onofrio, Chief Executive Officer.

"These results continue to show the significant growth potential of our flagship White Gold Project," stated Donovan Politt, President and Director. "At Golden Saddle, hole 219 has expanded the high-grade core of the Main Zone by about 50 metres, which supports our view that this is one of the highest-grade undeveloped open-pitable gold deposits in Canada. At VG, the 2026 holes to date have already pushed mineralization well beyond the footprint of its current resource while also intersecting grades higher than many historical holes at similar elevations, with more holes to come. Just as importantly, they also bridge the gap to the high-grade intercept in QV13-011, which takes drilled mineralization at VG to about 350 meters down-plunge. VG is growing, and we see it as a significant source of potential new high-grade ounces for our next resource update. With every deposit still open, and a lot more results to come, we look forward to building on this momentum as we continue to grow ounces across the project."

"Similar to the idea behind hole 216 in 2025, hole 219 in 2026 was designed to test the western extent of the high-grade core at Golden Saddle, and it delivered both strong grade and width where the model predicted," stated Dylan Langille, Vice President of Exploration. "This positive result further validates the technical team's interpretations of structures and controls on high-grade ore shoots and overall mineralization. At VG, holes QV26-024 and QV26-026 confirm that mineralization continues further down-plunge and bridge a gap of approximately 120 metres to the historical QV13-011 intercept which is not in the current resource.