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Nov 19, 2025 8:00 AM

White Gold Corp. Welcomes Federal Nation-Building Investments and Support for Resource Development in Yukon

TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, (TSX.V: WGO, OTCQX:WHGOF, FRA: 29W), FRA: 29W) (the "Company") welcomes the Government of Canada's announcement of the second tranche of nation-building projects under Budget 2025: Canada Strong. This new tranche in federal commitments across infrastructure, clean energy, and resource-corridor development, reinforces Canada's long-term strategy to unlock northern mineral potential and strengthen domestic supply chains.

Importantly, the Prime Minister confirmed that the Northwest Critical Conservation Corridor in Northwest British Columbia and the Yukon has now been formally referred to the Major Projects Office (MPO). According to the announcement, this corridor "sits atop vast deposits of critical minerals and has the potential to unlock world-class resources," underscoring the Yukon's strategic role in Canada's mineral future.

The continued release of major project investments, first in September and now again in November, demonstrates a clear and sustained federal commitment to advancing responsible resource development across Canada, with the Yukon repeatedly highlighted as a region of national strategic importance.

White Gold also congratulates the Yukon's new Premier following the recent territorial election and looks forward to continued collaboration with the Government of Yukon, First Nations governments, and local communities under this renewed mandate.

"These recent announcements reinforce what we and many others in the industry have long believed: the Yukon is one of Canada's most important mineral jurisdictions," said David D'Onofrio, Chief Executive Officer. "As the federal government prioritizes accessing Canada's vast mineral wealth, infrastructure, and northern development, companies in the Yukon are exceptionally well positioned to contribute to Canada's economic and strategic goals."

Federal Support Strengthens the Outlook for Yukon Exploration

The federal announcement emphasizes three priorities that directly support resource development in the Yukon:

Modern Infrastructure to Unlock Northern Resources:

The federal announcement explicitly references the Northwest Critical Conservation Corridor, which spans Northwest B.C. into the Yukon and covers areas hosting significant gold and critical-mineral potential. The Prime Minister noted that "infrastructure investments under this strategy also link clean electricity to Canada's ability to export LNG," and that extending transmission northwards "can also power the Yukon and unlock additional resources." These measures could meaningfully improve long-term energy security and operating conditions for Yukon-based projects.

Acceleration Through the Major Projects Office:

By referring the Northwest Critical Conservation Corridor to the MPO, the federal government has signaled its intent to fast-track federal coordination for projects with the potential to unlock large-scale mineral development across the Yukon and Northwest B.C.

Critical Minerals as a Strategic National Priority:

The announcement highlights the Yukon-B.C. Grid Connect as a key component of Canada's long-term energy and critical-minerals strategy. The government emphasized that "connecting the Yukon's isolated electrical grid to the Canadian grid through B.C. will increase energy security and provide clean power to communities in Canada's Northwest corridor," reducing reliance on diesel and creating conditions supportive of new mineral development.

White Gold's Yukon Portfolio Strategically Located Within a Growing National Priority

White Gold controls a district scale 20+ property portfolio across the White Gold District of west-central Yukon, a very prospective and underexplored gold & other mineral camp. The Company's properties are situated in areas that stand to benefit meaningfully from future infrastructure investments, clean-power initiatives, and enhanced regulatory coordination.

These federally recognized initiatives, including the Northwest Critical Conservation Corridor and the proposed Yukon-B.C. Grid Connect, strengthen the long-term operating environment for explorers such as White Gold whose district-scale portfolio lies within one of Canada's most significant emerging mineral corridors.

Positioned for Growth as Yukon's Resource Landscape Evolves

The Company believes the combined effect of:

the federal government's nation-building infrastructure commitments,

the MPO's mandate to streamline major project developments, and

a new territorial government focused on economic growth and community partnership.

creates a highly constructive environment for mineral exploration and development over coming decades.

White Gold will continue advancing its fully funded 2025-2026 exploration plans, including drilling at flagship assets such as Golden Saddle, Arc, Ryan's Surprise, VG, and multiple prospective regional gold and critical mineral targets.

Resources & Opportunities in the White Gold District

West-central Yukon is host to several prospective gold and critical ...