White Gold Corp press release

White Gold Intersects 2.73 g/t Gold over 21.8m, including 4.18 g/t Gold over 8.8m, Extending VG Deposit High-Grade Mineralization 120m Down-Plunge to 350m and Expands the Ryan's Surprise Deposit Mineralization by 50m to the East and 50m to the West Intersecting Multiple Stacked Lenses of Gold Mineralization

2026-10-27

TSXV - TSX Venture Exchange · Gold · Copper · Silver · Molybdenum · Tungsten · Antimony · Bismuth · Lead · Tellurium · Arsenic · Canada · Drill Results

Toronto, Ontario--(Newsfile Corp. - October 27, 2026) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) ("White Gold" or the "Company") is pleased to announce additional results from the fully funded 2026 diamond drill program at its flagship White Gold Project, located in the White Gold District of Yukon, Canada (Figure 1). Hole QV26-025 at the VG Deposit returned 2.73 g/t Au over 21.75m, the strongest intercept ever drilled at VG below 125m vertical depth, extending mineralization to approximately 350m down-plunge and approximately 40m further west of the recently announced QV26-024 step-out drill hole, further expanding mineralization beyond the current mineral resource estimate(1). At the Ryan's Surprise Deposit, the first five holes of the 2026 program intersected multiple stacked lenses of gold mineralization, extending the system approximately 50m to both the west and to the east. These results have expanded and continue to demonstrate the significant growth potential of the White Gold Project and will further enhance the 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 at a base-case gold price of US$3,600/oz(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 92,500 metres drilled across Golden Saddle, Arc, VG, and Ryan's Surprise deposits prior to 2026. This news release reports results from one hole at VG (QV26-025) and five holes at Ryan's Surprise (WHTRS26D033 to WHTRS26D037A). The 2026 program comprised 53 holes totalling approximately 18,810 metres. With this release, results have been reported for nine holes with assays pending for 44 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

VG High-Grade Mineralization Continuity Confirmed at ~350m Down-Plunge: Hole QV26-025 intersected 2.73 g/t Au over 21.75mfrom 259.25m, including 4.18 g/t Au over 8.80m, approximately 350m down-plunge and an additional ~40m west of QV26-024 at depth and is the strongest intercept ever drilled at VG below 125m vertical depth. VG Mineralization Continues to Grow: 2026 holes QV26-025, QV26-024 and QV26-026 and historical hole QV13-011, now contribute to gold mineralization growing from approximately 230 metres to 350 metres down-plunge, over a strike length of approximately 170m at depth, which remains open in multiple directions. Ryan's Surprise Expanded ~50m to the West: Holes WHTRS26D034 and WHTRS26D035, drilled from the same pad as a 50m step-out to the west, intersected multiple stacked lenses of mineralization including 3.90 g/t Au over 3.00mand 0.58 g/t Au over 19.95m in WHTRS26D034, and 0.96 g/t Au over 20.82mand 1.46 g/t Au over 9.70m, including 2.53 g/t Au over 5.10m, in WHTRS26D035 (Figure 6). Ryan's Surprise Expanded ~50m to the East: Hole WHTRS26D037A intersected 3.36 g/t Au over 2.25m, 1.55 g/t Au over 3.30m, 1.87 g/t Au over 1.40m and 1.63 g/t Au over 3.20m from 23.30m, extending multiple stacked lenses of mineralization approximately 50m to the east. 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 44 additional diamond drill holes from the 2026 program, and will be released in due course. Dylan Langille, VP Exploration, provides a video overview of the 2026 drill program and results received to date here: https://www.youtube.com/watch?v=lMGSwvtScSY

"It has always been our view that the White Gold Project's unique high-grade mineralization has the potential for significant additional growth, and its size is limited only by the relatively moderate amount of drilling to date. It's very rewarding to see that the initial holes received thus far have validated this conviction, encountering some of the best results to date, and is a testament to the excellent work of our technical team. Based on these results and our observations to date, we are more optimistic than ever about the prospect of significant continued growth on our high-grade deposits, and the discovery potential with the White Gold Project and across our District Scale land package in the prolific White Gold District. This is all happening at a time when the Yukon is seeing substantial investment and development as the exploration successes across the Territory further demonstrates its exceptional geological potential. We look forward to all the additional results from our significantly larger 2026 program," stated David D'Onofrio, Chief Executive Officer.

"QV26-025 is another strong result at VG, and it builds on what QV26-024 and QV26-026 have already shown us at depth," stated Dylan Langille, Vice President of Exploration. "What excites the technical team just as much as the grades, is how quickly our understanding of the controls on mineralization is evolving. As we log more core from across the project, we are seeing remarkable similarities and relationships in host rocks, alterations and mineralization styles at Golden Saddle, VG and the Chris Creek target. All three sit along large-scale, east-west trending crustal faults, and we are increasingly interpreting them as potentially related expressions of the same structurally controlled gold system. If that interpretation holds, it gives us a repeatable model to apply along these fault corridors, both to grow our known deposits and to target new discoveries across our land package."

[](https://images.newsfilecorp.com/files/12394/321122_f10f6322e4206878_001full.jpg) Figure 1: White Gold Corp. Property Portfolio

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[](https://images.newsfilecorp.com/files/12394/321122_f10f6322e4206878_002full.jpg)

Figure 2 - Drill Plan Collar Map (White Property)

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[](https://images.newsfilecorp.com/files/12394/321122_f10f6322e4206878_003full.jpg)

Figure 3 - Drill Plan Collar Map (QV Property)

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The White Gold Project

The Company's flagship White Gold project hosts four near-surface gold deposits (The Golden Saddle, Arc, Ryan's Surprise & VG Deposits) which collectively contain a resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.3 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025)(1). The 2026 diamond drill program was designed to drill each of these deposits and new nearby targets to demonstrate the continued growth potential. Results from the VG and Ryan's Surprise deposits are reported in this press release.

VG Deposit Drill Results

The 2026 drilling at VG (Figure 3) was designed to test the down-plunge continuity of the deposit beyond the limits of the current mineral resource estimate (Figure 4). Prior to this program, the deepest intercept within the VG deposit block model was in hole QV13-010, approximately 230m down-plunge from surface. Historical hole QV13-011 intersected 2.43 g/t Au over 21.36 m, including 3.40 g/t Au over 12.54 m(6), approximately 320 m down-plunge. However, an approximately 120 m gap in the drilling left QV13-011 isolated from the modelled mineralization and as such it was excluded in the resource. The 2026 holes were designed to test this gap and successfully intersected broad zones of gold mineralization well beyond the 230m limit; assays remain pending for six of the nine VG holes.

Hole QV26-025 was drilled from the same pad as QV26-024 at an azimuth of 155° and a dip of -71° to a final depth of 356m, to test the down-plunge extension of the VG Deposit below QV26-024 (Figure 4). The hole intersected 2.73 g/t Au over 21.75mfrom 259.25m, including 4.18 g/t Au over 8.80mfrom 269.95m. The intercept is located approximately 350m down-plunge, at a similar down-plunge position to historical hole QV13-011 (2.43 g/t Au over 21.36m)(1). Below the main interval, QV26-025 intersected three additional zones of 1.24 g/t Au over 6.05m from 291.80m, 0.50 g/t Au over 3.60m from 303.15m and 0.99 g/t Au over 1.45m from 311.50m. All intervals are shown in Table 1.

Together with the previously reported QV26-024 (0.71 g/t Au over 38.45m) and QV26-026 (2.53 g/t Au over 18.90m) (see Company Press Release dated October 20, 2026) and historical hole QV13-011, the 2026 drilling has now defined continuous gold mineralization at VG from approximately 230m to 350m down-plunge over a strike length of approximately 170m at depth, extending well beyond the approximately 230m down-plunge limit of the current block model. These results demonstrate the strong continuity of mineralization at VG, which remains open along strike and at depth.

[](https://images.newsfilecorp.com/files/12394/321122_f10f6322e4206878_004full.jpg)

Figure 4 - 3D View of the VG Deposit and 2026 drill results

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In hole QV26-025, mineralization is hosted in biotite-feldspar-quartz gneiss intruded by narrow felsic dikes (Figure 5). The upper part of the interval is moderately sericite-silica altered with foliation-controlled fuchsite. The higher-grade core from 262.60m to 278.75m coincides with strongly graphitic, locally brecciated gneiss with pervasive and veinlet-controlled graphite and grey sericite, cut by quartz and quartz-carbonate veinlets. Pyrite occurs as fine-grained disseminations and granules, generally 0.1-1%, locally up to 1-5% in veinlets, with abundant fine visible pyrite noted between 274.85m and 278.75m. The lower intervals between 291.80m and 312.95m are hosted in very strongly sericite-silica and fuchsite altered gneiss adjacent to quartz-feldspar porphyry and mafic dikes, cut by deformed and brecciated quartz veins.

[](https://images.newsfilecorp.com/files/12394/321122_f10f6322e4206878_005full.jpg)

Figure 5 - Core photos hole QV26-025 with assays marked

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The growth zone shown in Figure 4 is interpretive and will be tested by future drilling and incorporated into future mineral resource updates. Six of the nine holes drilled at VG in 2026 have assays pending.

Ryan's Surprise Deposit Drill Results

The Ryan's Surprise deposit consists of multiple stacked, near-surface lenses of gold mineralization that strike west-northwest and dip moderately to the south-southwest. In 2026, the Company completed 15 holes for 4,823.4 metres at Ryan's Surprise, focused on step-outs of roughly 50 to 75 metres to the east and west of the current resource to extend the lenses along strike. This news release reports the first five of these holes (Figure 6).

West step-out: Holes WHTRS26D034 and WHTRS26D035 were drilled from the same pad on a fence approximately 50m west of the modelled lenses, at dips of -46° and -69° respectively. WHTRS26D034 intersected multiple lenses including 3.90 g/t Au over 3.00mfrom 45.00m and 0.58 g/t Au over 19.95m from 90.85m, including 1.27 g/t Au over 3.50m. WHTRS26D035 intersected 0.96 g/t Au over 20.82mfrom 58.00m, including 1.22 g/t Au over 7.00m and 1.13 g/t Au over 9.72m, and 1.46 g/t Au over 9.70mfrom 254.50m, including 2.53 g/t Au over 5.10m, along with a further nine intervals including 3.20 g/t Au over 1.00m, 3.45 g/t Au over 1.00m and 1.44 g/t Au over 5.00m. These results extend the stacked lens system approximately 50m to the west.

East step-out: Hole WHTRS26D037A was collared approximately 95m south of WHTRS26D036 and drilled to the north at a dip of -46°. The hole intersected seven intervals of gold mineralization including 3.36 g/t Au over 2.25mfrom 176.00m and 1.55 g/t Au over 3.30mfrom 184.30m, as well as 1.63 g/t Au over 3.20m from 23.30m near surface and 1.87 g/t Au over 1.40m from 120.60m, extending the lens system approximately 50m to the east.

Mineralization at Ryan's Surprise is hosted in biotite-feldspar-quartz gneiss and banded quartzite (metasedimentary) packages and is associated with quartz vein breccias, silica flooding and pyrite-bearing quartz and quartz-carbonate vein stockworks.

In WHTRS26D034, the 0.58 g/t Au over 19.95m interval corresponds to quartz vein breccia zones with strong silica flooding, graphite along fractures and a later ankerite stockwork overprint, with 0.5-1% blebby pyrite where the core is less oxidized. A single grain of visible gold was observed at 139.75m, within the 0.71 g/t Au over 3.65m interval from 136.20m, in a folded quartz vein at the contact of a silica-carbonate-graphite breccia. In WHTRS26D035, the near-surface 0.96 g/t Au over 20.82m interval is hosted in a fault zone of strongly clay and iron-oxide altered quartz vein breccia, while the deeper intervals are associated with sericite-chlorite altered gneiss cut by foliation-parallel quartz veins and quartz-carbonate-pyrite stockwork with 1-5% pyrite, including strongly sericite altered gneiss with pyrite-bearing sheeted quartz veins, graphitic quartz breccia and small felsic and feldspar porphyry dikes between 254.50m and 264.20m. In WHTRS26D037A, mineralized intervals occur within strongly hematite-oxide altered banded quartzite and gneiss, associated with ankerite-carbonate breccias and stockworks, hematite veinlet stockworks and ductile deformation zones.

Hole WHTRS26D033 returned only narrow, low-grade intervals, including 0.62 g/t Au over 0.35m within a silica-flooded breccia at the contact between tonalite orthogneiss and metasediments, and hole WHTRS26D036 returned no significant results. Both help constrain the margins of the lens system. Ten of the fifteen holes drilled at Ryan's Surprise in 2026 have assays pending.

[](https://images.newsfilecorp.com/files/12394/321122_f10f6322e4206878_006full.jpg)

Figure 6 - 3D View of the Ryan's Surprise Deposit and 2026 drill results

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Table 1: Highlighted Drill Intervals

| Hole ID | From (m) | To (m) | Length (m)⁽⁷⁾ | Au (g/t) | | QV26-025 | 259.25 | 281.00 | 21.75 | 2.73 | | incl. | 269.95 | 278.75 | 8.80 | 4.18 | | | 291.80 | 297.85 | 6.05 | 1.24 | | | 303.15 | 306.75 | 3.60 | 0.50 | | | 311.50 | 312.95 | 1.45 | 0.99 | | WHTRS26D033 | 48.98 | 49.50 | 0.52 | 0.53 | | | 215.50 | 215.85 | 0.35 | 0.62 | | WHTRS26D034 | 29.50 | 31.00 | 1.50 | 1.31 | | | 45.00 | 48.00 | 3.00 | 3.90 | | | 58.50 | 60.00 | 1.50 | 1.29 | | | 90.85 | 110.80 | 19.95 | 0.58 | | incl. | 92.00 | 95.50 | 3.50 | 1.27 | | and | 108.00 | 110.80 | 2.80 | 1.14 | | | 136.20 | 139.85 | 3.65 | 0.71 | | | 178.00 | 180.00 | 2.00 | 1.05 | | WHTRS26D035 | 11.40 | 15.90 | 4.50 | 1.07 | | | 24.20 | 25.40 | 1.20 | 0.71 | | | 48.50 | 50.28 | 1.78 | 0.61 | | | 58.00 | 78.82 | 20.82 | 0.96 | | incl. | 58.00 | 65.00 | 7.00 | 1.22 | | and | 69.10 | 78.82 | 9.72 | 1.13 | | | 120.40 | 125.00 | 4.60 | 0.48 | | | 148.00 | 149.00 | 1.00 | 3.20 | | | 168.00 | 169.00 | 1.00 | 3.45 | | | 215.00 | 218.00 | 3.00 | 0.91 | | | 241.60 | 242.55 | 0.95 | 0.98 | | | 254.50 | 264.20 | 9.70 | 1.46 | | incl. | 257.00 | 262.10 | 5.10 | 2.53 | | | 332.50 | 337.50 | 5.00 | 1.44 | | WHTRS26D036 | No significant results | | | | | WHTRS26D037A | 23.30 | 26.50 | 3.20 | 1.63 | | | 63.00 | 63.50 | 0.50 | 0.68 | | | 120.60 | 122.00 | 1.40 | 1.87 | | | 168.55 | 169.30 | 0.75 | 0.55 | | | 176.00 | 178.25 | 2.25 | 3.36 | | | 184.30 | 187.60 | 3.30 | 1.55 | | | 278.35 | 281.40 | 3.05 | 1.06 |

(7) Reported intervals are core lengths. True widths are estimated at 80-95 % of core length.

Table 2: Drill Collar Information

| Hole ID | Deposit | Easting (m) | Northing (m) | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) | | QV26-025 | VG | 574274 | 7016341 | 571 | 155.1 | -71.4 | 356 | | WHTRS26D033 | Ryan's Surprise | 573960 | 7004579 | 760 | 23.0 | -50.2 | 240 | | WHTRS26D034 | Ryan's Surprise | 573945 | 7004470 | 725 | 20.0 | -45.8 | 261 | | WHTRS26D035 | Ryan's Surprise | 573945 | 7004470 | 725 | 19.6 | -68.6 | 338 | | WHTRS26D036 | Ryan's Surprise | 574384 | 7004451 | 767 | 0.1 | -46.5 | 233 | | WHTRS26D037A | Ryan's Surprise | 574378 | 7004358 | 753 | 354.5 | -46.1 | 353 |

(6) Historical drill hole QV13-011 was completed by Comstock Metals Ltd. in 2013. Results were previously disclosed in the NI 43-101 Technical Report on the QV Project, White Gold District, Yukon Territory (Pautler and Shahkar, effective June 30, 2014), as 1.36 g/t Au over 42.6 m. The interval reported in this release was calculated by the Company from the original assay data contained in the Company's drill hole database, which was also used for the August 19, 2025, Mineral Resource Estimate. Historical intervals are reported as core lengths. The QP has verified the historical data by reviewing the original drill logs and assay certificates and considers it reliable for the purposes of this disclosure.

Analytical Methods & QA/QC

Diamond drilling on the White Gold and QV properties consisted of NQ size drill core, which was cut in half on site using a diamond saw. Analytical work on the half core was performed by Bureau Veritas, an internationally recognized analytical services provider, at its South Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon prep facility and then shipped to BV's Vancouver, BC facility for analysis. All diamond drill core samples were prepared using the PRP70-250 package, where samples are weighed, dried, and crushed to greater than 70% passing a 2mm sieve, then pulverized to greater than 85% passing 75 microns. Samples were analyzed by method FA430 (30g fire assay with AAS finish) for gold, and by package MA250 (0.25g, 4 acid digestion and ICP-MS analysis) for ultra-trace multi-element ICP. Samples returning greater than 10 g/t Au were re-analyzed by 30 g fire assay with gravimetric finish.

The work was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of insertion of standard, blank, and duplicate samples into the sample stream. BV also ran a comprehensive QA/QC program of standards, duplicates, and blanks within each sample stream. The QP has reviewed the QA/QC results for the samples reported in this news release, and no significant issues were identified.

Golden Saddle Deposit

The Golden Saddle contains an open-pit resource of 1.614 M oz Indicated (31.03 Mt @ 1.62 g/t Au) and 268.7 k oz Inferred (7.84 Mt @ 1.07 g/t Au) defined by 209 drill holes for a total of approximately 60,970 metres(1)(2); including three diamond holes drilled in 2025, approximately 62,620 metres had been drilled on the deposit prior to 2026. In 2026 we completed 6,451 m from 12 drill holes, representing a 10% increase to metres drilled on the Golden Saddle deposit. Drilling tested down plunge extension of the high-grade core (at a 3.0 g/t Au cut-off, the Indicated resource within the Golden Saddle and Arc resource shell contains approximately 695,500 oz at 4.87 g/t Au (4.44 Mt)(1); this is a cut-off sensitivity, not a separate mineral resource estimate), parallel zones of mineralization in both the hanging wall and footwall zones, and growth along strike toward Golden Saddle West. In addition, a targeted program to relog and sample previously unsampled core from the footwall and hanging wall host rocks is underway, offering strong potential for additional resource growth.