TORONTO, August 12, 2026 – White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (“White Gold” or the “Company”) is pleased to announce the approval by shareholders of the Company of the spin-out of certain critical mineral properties located in Yukon (the “Critical Mineral Assets”) to W2 Critical Minerals Corp. (“W2”) pursuant to a plan of arrangement under the Business Corporations Act (Ontario) (the “Spin-Out”), and all other matters at the Company’s Annual General and Special Meeting of shareholders held on August 11, 2026 (the “Meeting”). The Spin-Out remains subject to final court and regulatory approvals, including final approval of the TSX Venture Exchange (the “TSXV”). The court hearing for the final order to approve the Spin-Out is scheduled to take place on August 13, 2026. Shareholders must hold their WGO Shares until the effective date of the Spin-Out in order to receive their pro rata portion of the W2 Shares. Shareholders will be notified by the Company of the upcoming record date and payment date via news release once all of the conditions to closing of the Spin-Out have been satisfied.
