White Gold Corp. Releases Initial 2026 Assays From Golden Saddle and VG Deposits, White Gold Project, Yukon

TSXV: WGO | OTCQX: WHGOF

White Gold Corp. announced 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, according to the company. The initial assays from the 2026 drill program intersected high grade gold mineralization in multiple lenses on both the Golden Saddle and VG deposits, which the company states validate its belief that these deposits remain open for continued growth that will further enhance its recently published Preliminary Economic Assessment (the "PEA"), which delivered a C$1.86 Billion After-Tax NPV, 41% IRR and 1.5 Year Payback, as disclosed in the Company's news release dated September 25, 2026.

According to the company, 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 is 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, according to the company.

Key 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, according to the company. The hole also builds on WHTGS25D0216, drilled in 2025, which returned 3.23 g/t Au over 56.10m 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, according to the company.
• 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, according to the company, 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.
• VG Historical High-Grade Intercept Now Connected to Resource: The 2026 holes 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, establishing continuity of mineralization at VG to approximately 350m down-plunge, which remains open, according to the company.
• Outlook: All four deposits of the White Gold Project remain open in multiple directions, according to the company. 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 known deposits and make new discoveries in close proximity, and will be released with additional detail in due course.

Management Commentary

"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."

Golden Saddle Deposit Drill Results

According to the company, Hole WHTGS26D0219 was drilled at an azimuth of 161.6 degrees and a dip of -57.7 degrees to a final depth of 777.3m to test the western extension of the high-grade core of the Golden Saddle Main Zone. The hole intersected 1.47 g/t Au over 38.08m from 397.12m depth, including 5.13 g/t Au over 7.88m, with a higher-grade core of 10.48 g/t Au over 2.88m. The intercept extends the high-grade (greater than 5 g/t Au) core of the Main Zone approximately 50m to the west and is expected to extend and upgrade the surrounding blocks within the current mineral resource model, according to the company.

Above the Main Zone, the hole intersected several hanging wall zones, including 1.16 g/t Au over 12.60m from 140.50m and 1.36 g/t Au over 2.50m from 196.00m. Below the Main Zone, the hole intersected two footwall intervals: 0.61 g/t Au over 10.80m from 635.00m and 4.05 g/t Au over 1.97m from 657.40m, according to the company.

VG Deposit Drill Results

According to the company, the 2026 drilling at VG was designed to test the down-plunge continuity of the deposit beyond the limits of the current mineral resource estimate. 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 21.36m, including 3.40 g/t Au over 12.54m, approximately 350m down-plunge, but an approximately 120m gap in the drilling had left QV13-011 isolated from the modelled mineralization and excluded from the resource.

QV26-026 intersected 2.53 g/t Au over 18.90m from 172.10m, including 4.27 g/t Au over 2.43m and 4.57 g/t Au over 1.84m, approximately 320m down-plunge, extending the mineralization approximately 45m east of the current block model, according to the company. QV26-024, collared about 175m to the west, intersected an upper interval of 0.64 g/t Au over 3.32m from 201.70m, followed by 0.71 g/t Au over 38.45m from 244.55m, including 1.14 g/t Au over 6.18m, approximately 300m down-plunge. Together, the two holes extend continuous mineralization at VG from approximately 230m to 320m down-plunge over a strike length of approximately 150m, according to the company.

With the gap now drilled, the company states that QV13-011 can be tied into the VG geological model, establishing continuity of mineralization from approximately 230m to 350m down-plunge. Based on the search parameters used in the current mineral resource estimate, this has the potential to extend the VG resource from approximately 310m to 430m down-plunge, subject to an updated mineral resource estimate, according to the company. VG remains open down-plunge.

2026 Program Context by Deposit

• Golden Saddle: The deposit 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 210 drill holes totaling approximately 61,000 metres, according to the company. In 2026, the company completed 6,451m from 12 drill holes, representing a 10% increase to metres drilled on the Golden Saddle deposit.
• VG: The deposit comprises 296,000 oz Inferred (6.285 Mt @ 1.46 g/t Au) defined by 65 drill holes totaling approximately 7,600 metres, according to the company. In 2026, the company completed 2,909.3 metres from 9 holes, representing a roughly 38% increase to metres drilled on the VG deposit. Seven of nine holes have assays pending.
• Ryan's Surprise: The deposit contains 280,300 oz Inferred (5.693 Mt @ 1.53 g/t Au) defined by 35 drill holes totaling approximately 8,370 metres, according to the company. In 2026, the company completed 4,823.4 metres from 15 holes, representing a roughly 57% increase to metres drilled on the zone.
• Arc: The deposit contains 115,800 oz Indicated (4.113 Mt @ 0.88 g/t Au) and 397,000 oz Inferred (12.25 Mt @ 1.01 g/t Au) defined by 73 drill holes totaling approximately 15,000 metres, according to the company. In 2026, the company completed 1,029 metres from 4 holes, representing a roughly 7% increase to metres drilled on the Arc deposit.

Near-Resource Discovery Targets

According to the company, the Golden Saddle 2.0 target, located approximately 2.5 km east-southeast of the Golden Saddle deposits, represents one of the highest-priority near-resource growth opportunities on the White Gold Project. Nine holes totaling 2,643.95 metres were drilled across the target area with assays still pending, according to the company.

The VG East target, situated roughly 1.3 km ENE of the VG Deposit, is defined by a 500-meter by 200-meter-high Au-in-soil anomaly that remains yet to be drilled. According to the company, four holes totaling 953 metres were drilled at VG East in 2026, the first drilling on this target, with assays pending.

What to Watch Next

• Assays pending from an additional 49 diamond drill holes from the 2026 program, designed to expand known deposits and make new discoveries, to be released in due course, according to the company.
• Seven of nine VG holes with assays still pending, according to the company.
• Pending assays from the Golden Saddle 2.0 and VG East discovery-stage targets, according to the company.
• Incorporation of 2026 drill results into future mineral resource updates, according to the company.

About White Gold Corp.

The Company owns a portfolio of 15,364 quartz claims across 19 properties covering 303,001 hectares (3,030 km²) representing approximately 40% of the Yukon's emerging White Gold District. The Company's flagship White Gold Project hosts four near-surface gold deposits (Golden Saddle, Arc, VG and Ryan's Surprise). A Preliminary Economic Assessment ("PEA") on the White Gold Project outlines a 9.4-year, 12,000 tonne per day open pit operation producing an average of 188,000 ounces of gold per year (223,000 ounces per year over the first five years), with an after-tax NPV(5%) of C$1.86 billion, an after-tax IRR of 41% and a 1.5-year payback period at a base case gold price of US$3,600/oz (see the Company's news release dated September 25, 2026). Regional exploration work has also produced several other new discoveries and prospective targets on the Company's claim packages which border sizable gold discoveries including the Coffee Project owned by Talamore Mining (formerly Fuerte Metals) with Measured and Indicated Resources of 80.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces of gold, and Western Copper and Gold Corporation's Casino Project which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper. The Company is strategically supported by its major shareholder Agnico Eagle Mines Limited. For more information visit www.whitegoldcorp.ca.

Read full press release here.

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