White Gold Corp. Appoints Jodie Gibson, P.Geo. as Vice President, Exploration

TORONTO, ONTARIO--(Marketwired - Oct. 10, 2017) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

White Gold Corp. (TSX VENTURE:WGO) (the "Company") is pleased to announce the appointment of Jodie Gibson, P. Geo. as Vice President, Exploration. Mr. Gibson has extensive exploration experience throughout North America, most notably in Yukon and Alaska. He was the Project Manager of the Underworld Resources Inc. team that discovered and defined the Golden Saddle and Arc deposits in 2010, recently purchased by the Company from Kinross Gold Corp., prior to Underworld being acquired by Kinross. Mr. Gibson has also overseen exploration related to other discoveries in the White Gold District of Yukon. Prior to joining the Company, Mr. Gibson had been overseeing the Company's 2016 & 2017 exploration programs as Director of Exploration with Ground Truth Exploration, based in Dawson City, Yukon. 

"I'm very excited to join the White Gold team. The Company's immense portfolio of quality projects and extensive historic data offers a rare opportunity for a comprehensive and systematic evaluation of a prolific and underexplored district in such a great jurisdiction. I look forward to working with the team and its partners to make new discoveries and expand the resources on the Golden Saddle and Arc deposits," stated Jodie Gibson.

Mr. Gibson is an innovative exploration geologist with strong technical and managerial skills. He has over 10 years of mineral exploration experience in various tectonic and orogenic environments, including extensive experience exploring for syngenetic and epigenetic precious and base metal systems. Mr. Gibson holds a Bachelor of Science Degree and a Master of Science Degree from Indiana State University, and is a member of the Association of Professional Engineers and Geoscientists of British Columbia.

David D'Onofrio, Chief Executive Officer of the Company, commented, "Jodie Gibson is a very strong addition to our team. He has exceptional technical and operational experience in the Yukon, along with an impressive track record of successful exploration in White Gold District contributing to significant gold discoveries. Jodie is also one of the foremost global experts on the geology of our Golden Saddle and Arc deposits, having been directly involved with the discovery and definition of the deposits."

About White Gold Corp.

The Company owns a portfolio of 19,438 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon's White Gold District. Preliminary exploration work has produced several prospective targets which are currently being explored, in addition to the Company's recently acquired historic gold deposits. The claim packages are bordered by other sizable gold discoveries owned by Goldcorp Inc. and Western Copper and Gold Corp.. The Company has outlined an aggressive exploration plan to further explore its properties. For more information visit www.whitegoldcorp.ca.

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", "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, to: the anticipated benefits to the Company and its shareholders respecting the Company's objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any mineral resource will be established in accordance with NI 43-101 at any of the Company's properties; exploration results; and future exploration plans.

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; failure to identify mineral resources; 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 White Gold properties and the Company's other 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; 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; and those factors described under the heading "Risks and Uncertainties" in the Company's most recently filed management's discussion and analysis.
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 any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact

White Gold Corp.
David D'Onofrio
Chief Executive Officer
(416) 643-3880
ddonofrio@whitegoldcorp.ca