Vancouver, British Columbia–(Newsfile Corp. – December 10, 2020) – Whitehorse Gold Corp.(TSXV: WHG) (“Whitehorse Gold” or the “Firm”) broadcasts preliminary 2020 diamond drilling program outcomes from its wholly owned Skukum Gold Undertaking (the “Undertaking”) situated within the Whitehorse Mining District, southern Yukon.

The drill program on the Skukum Creek Deposit consisted of 4 drillholes designed to higher outline the deeper portion of the Rainbow Zone, validate historic drill gap intercepts and to check re-interpreted, probably thicker, and higher-grade parts of the deposit.

Drill gap SC20-001 returned 8.07 m (true width) grading 6.5 g/t Au and 186.9 g/t Ag within the Rainbow Zone (Desk 1). Critically, whereas the dear steel grade is just like historic drill holes the true width of the interval was greater than 2.5 occasions larger than beforehand modeled. Outcomes from the three different holes are pending.

Desk 1: Assay outcomes for SC20-001

Notes:

1. Size and particular gravity weighted composites.
2. Drill location, azimuth and dip of drill holes supplied in Desk 4 under.

The Undertaking covers an space of 170 km2 and is situated roughly 55 km south of Whitehorse with year-round highway entry. The Undertaking hosts three deposits with Mineral Useful resource Estimates and Underground Improvement (Skukum Creek deposit, Goddell deposit, and the past-producing Mt. Skukum Gold Mine) together with a number of mineralized showings.

Kevin Weston, CEO of Whitehorse Gold said, “This primary gap from the 2020 exploration drilling confirmed the high-grade nature of the Rainbow Zone and extra importantly that thicker zones of mineralization happen at depth. The presence of a number of era gold-bearing veins is very encouraging indicating the presence of a long-lived massive valuable steel system. We stay up for receiving and reporting the rest of the drill outcomes.”

2020 Exploration Program – Skukum Creek Deposit

The Firm’s inaugural exploration program was primarily targeted on gaining geologic understanding of the quite a few exploration targets, historic knowledge validation and assortment of recent knowledge in assist of a useful resource enlargement program deliberate for 2021. Intimately the 2020 exploration program consisted of reconnaissance mapping, knowledge compilation and re-interpretation of the Skukum Gold system and a 4-hole, 2,091-metre diamond drilling program on the Skukum Creek deposit (Determine 1 and a pair of).

Skukum Creek is the most important of the three deposits at the moment outlined with over 1 million indicated tonnes grading 5.85 g/t Au and 166.4 g/t Ag and 537,000 inferred tonnes grading 4.99 g/t Au and 108.3 g/t Ag (Desk 2).

Gold-silver +/- base steel mineralization has been outlined in 4 constructions comprised of quartz sulphide veins and vein breccias hosted in anastomosing NE trending, steeply dipping fault zones. The mineralized vein – fault system has a mixed strike size of roughly 1 km and a at the moment outlined vertical extent of over 500 metres. Mineralization is open for enlargement alongside strike and each up and down dip.

The anastomosing veins, breccias, related rhyolitic dykes and faults type an built-in package deal which ranges between roughly 0.3 and plus-10 metres in thickness.

A number of generations of overprinted quartz sulphide veins / hydrothermal breccias are current indicating a big, strong, long-lived valuable steel bearing system. Such options are usually solely famous in bigger, structurally managed, gold-bearing epithermal methods and consequently the Firm classifies the exploration potential of the system nearly as good to wonderful.

Gap SC20-001 intersected mineralization at roughly 434 metres downhole and returned 8.9 metres (8.07m true width) grading 6.54 g/t Au and 186.8 g/t Ag, together with 1.2 metres of 21.4 g/t Au and 563 g/t Ag (Desk 1 and Figures 2 and three). The mineralized interval was wider than beforehand modeled within the space (8.07m vs beforehand modeled 2.8m true thickness) and higher grade than the close by historic drill gap: R96-206 which ran 4.28 g/t Au and 81.32 g/t Ag over a real width of two.81m (Desk 3 and Figures 2 and three).

As detailed within the Firm’s Technical Report, the three delineated deposits on the Undertaking (Skukum Creek, Goddell and Mt. Skukum) individually host the next mineral assets utilizing a 3.0 g/t gold equal (AuEQ) cut-off grade.

Desk 2: 2020 useful resource estimates for deposits on the Property utilizing a 3.0 g/t AuEQ cut-off grade.

Notes:

1. CIM Definition requirements (2014) had been used for reporting the Mineral Sources.
2. Mineral useful resource estimate ready by GeoSim Companies Inc. with an efficient date of October 1, 2020.
3. Mineral Sources usually are not mineral reserves and do not need demonstrated financial viability. An Inferred Mineral Useful resource is that a part of a Mineral Useful resource for which amount and grade or high quality are estimated on the premise of restricted geological proof and sampling. Geological proof is adequate to indicate however not confirm geological and grade or high quality continuity. An Inferred Mineral Useful resource has a decrease degree of confidence than that making use of to an Indicated Mineral Useful resource and should not be transformed to a Mineral Reserve. It’s fairly anticipated that almost all of Inferred Mineral Sources may very well be upgraded to Indicated Mineral Sources with continued exploration.
4. A base case cut-off grade of three.0 g/t Au represents an in-situ steel worth of US$126 per tonne at a gold worth of $1450/oz, silver worth of $16.50/oz and a steel restoration of 90% for gold and silver, which is believed to supply an inexpensive margin over working and sustaining prices for slender vein mining and processing.
5. See the Firm’s Technical Report entitled “Skukum Gold-Silver Undertaking, NI 43-101 Technical Report, Whitehorse Mining District, Yukon Territory, Canada” dated efficient October 1, 2020 and authored by Ronald G. Simpson, P.Geo. from GeoSim Companies, Inc. filed on the Firm’s SEDAR profile (the “Technical Report”).
6. Mineral assets are diluted to a minimal width of 1.5 metre. The gold equal components used was AuEQ = Au + Ag * 0.0114.
7. Totals might not sum resulting from rounding.

Determine 1: Bedrock geologic map of the Skukum Creek deposit exhibiting traces of 2020 drill program.

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Determine 2: Lengthy part wanting WNW, exhibiting mineralized zones, underground workings, historic drilling, 2020 drill holes (blue) and site of Cross Part (Determine 3).

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Desk 3: Assay composites for historic drill holes introduced in Determine 3.

Notes:

1. Size weighted composites, No SG knowledge accessible.
2. Drill location, azimuth and dip of drill holes supplied in Desk 4 under.

Determine 3: 3a) Cross part via the Rainbow Zone exhibiting gold grade down gap. Part is approx. 25m thick wanting WSW (240°). 3b) Zoomed in portion of determine 3a exhibiting gold grades for SC20-001 and historic drill holes. 3c) identical as 3b, however exhibiting silver grades.

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Desk 4: Drill gap particulars for present and historic drill holes introduced on this doc.

Notes:

1. Omni Sources Inc.
2. Tagish Lake Gold Corp., previous to being acquired by Whitehorse Gold.
3. New Pacific Metals Corp.

Certified Individuals

The unbiased Certified Individual for the mineral useful resource estimate is Ronald G. Simpson, P.Geo. from GeoSim Companies, Inc. The technical info contained on this information launch has been reviewed and accepted by Tim Kingsley, Vice President of Exploration of Whitehorse Gold and Licensed Skilled Geologist (CPG-11538) with the American Institute of Skilled Geologists, a Certified Individual for the needs of Nationwide Instrument 43-101 – Requirements of Disclosure of Mineral Tasks (“NI 43-101”).

High quality Assurance and High quality Management

Drill core from the Firm’s 2020 exploration program was logged and sampled in a safe core storage facility situated on the Undertaking website. Core samples from this system had been minimize in half, utilizing a diamond chopping noticed. Drill core and floor samples had been despatched to ALS Laboratories, which is unbiased of the Firm. Pattern preparation was carried out on the ALS Laboratory in Whitehorse, YT, adopted by evaluation on the ALS Laboratory in North Vancouver, ALS is an accredited mineral evaluation laboratory. All samples had been analysed for gold utilizing normal Hearth Assay-AA methods. Samples returning over 10.0 g/t gold had been analysed using normal Hearth Assay-Gravimetric strategies. Samples had been additionally analyzed for a 48 multi-element geochemical suite by ICP-MS with a four-acid digestion. Licensed gold reference requirements, blanks, subject duplicates and coarse reject duplicates had been routinely inserted into the pattern stream, as a part of Whitehorse Gold’s high quality management/high quality assurance program (“QA/QC”).

Historic QA/QC knowledge and methodology had been reviewed and are summarized within the Technical Report. The writer of the Technical Report thought of historic pattern preparation, evaluation, and safety to have been usually carried out in accordance with exploration greatest practices on the time of assortment.

ABOUT WHITEHORSE GOLD CORP.

Whitehorse Gold is targeted on its wholly owned Skukum Gold Undertaking (previously named Tagish Lake Gold Undertaking) situated within the Whitehorse Mining District of the southern Yukon. The challenge consists of 1,051 mineral claims overlaying an space of 170 sq. kilometres and is situated roughly 55 kilometres south of Whitehorse, Yukon, within the Wheaton River Valley area. The challenge hosts the advanced-stage Skukum Creek, Goddell and Mount Skukum high-grade gold deposits and a number of high-priority exploration targets. Undertaking infrastructure consists of an all-weather entry highway, an all-weather 50-person camp, roughly 4.8 kilometres of underground workings, an in depth floor highway community and a beforehand working 300-tpd mill together with a tailings administration facility and repair buildings. Over 140,000 metres of drilling have been beforehand accomplished on the challenge by former operators. Historic underground operations on the Mount Skukum deposit from 1986 to 1988 noticed a complete of 233,400 tons of ore mined and processed within the plant, recovering roughly 79,750 ounces of gold beneath a earlier operator.

On Behalf of Whitehorse Gold Corp.

“Kevin Weston”

CEO & Director

For additional info please contact:

Steve Stakiw

Vice President – Company Affairs

Cellphone: 1-604-336-5919

E-mail: info@whitehorsegold.ca

www.whitehorsegold.ca

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this information launch.

Cautionary Observe Concerning Ahead-Wanting Statements

This information launch comprises forward-looking statements and forward-looking info (collective, “forward-looking statements”) throughout the which means of relevant Canadian and U.S. securities laws. All statements, aside from statements of historic truth included on this launch, together with, with out limitation, future plans with respect to the Undertaking, together with the 2021 work program and useful resource enlargement; and different future plans of Firm, and targets or expectations of the Firm are forward-looking statements. Estimates of mineral reserves and mineral assets are additionally forward-looking info as a result of they incorporate estimates of future developments together with future mineral costs, prices and bills and the quantity of minerals that shall be encountered if a property is developed. Ahead-looking statements are sometimes, however not all the time, recognized by phrases or phrases corresponding to “expects”, “is predicted”, “anticipates”, “believes”, “plans”, “tasks”, “estimates”, “assumes”, “intends”, “methods”, “targets”, “objectives”, “forecasts”, “targets”, “budgets”, “schedules”, “potential” or variations thereof or stating that sure actions, occasions or outcomes “might”, “might”, “would”, “may” or “will” be taken, happen or be achieved, or the detrimental of any of those phrases and related expressions. Ahead-looking statements are primarily based on the opinions, assumptions, elements and estimates of administration thought of affordable on the date the statements are made. The opinions, assumptions, elements and estimates which can show to be incorrect, embrace, however usually are not restricted to: that market fundamentals will lead to sustained valuable metals demand and costs; that there are not any vital disruptions affecting operations, together with labour disruptions, provide disruptions, energy disruptions, safety disruptions, injury to or lack of gear, whether or not resulting from flooding, political adjustments, title points, intervention by native landowners, environmental considerations, pandemics (together with COVID-19) or in any other case; that the Firm will have the ability to get hold of and keep governmental approvals, permits and licenses in reference to its present and deliberate operations, growth and exploration actions, together with on the Undertaking; that the Firm will have the ability to meet its present and future obligations; that the Firm will have the ability to adjust to environmental, well being and security legal guidelines; and the assumptions underlying mineral useful resource estimates and the conclusion of such estimates.

Ahead-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info. Such dangers and different elements embrace, amongst others: social and financial impacts of COVID-19; precise exploration outcomes; adjustments in challenge parameters as plans proceed to be refined; outcomes of future exploration actions and useful resource estimates; future steel costs; availability of capital and financing on acceptable phrases; normal financial, market or enterprise situations; uninsured dangers; regulatory adjustments; defects in title; availability of personnel, supplies and gear on a well timed foundation; accidents or gear breakdowns; delays in receiving authorities approvals; unanticipated environmental impacts on operations and prices to treatment identical; and different exploration dangers or different dangers detailed herein and sometimes within the filings made by the Firm with securities regulators. The entire Firm’s Canadian public disclosure filings could also be accessed by way of www.sedar.com and readers are urged to evaluation these supplies, together with the Technical Report. Though the Firm has tried to determine essential elements that would trigger precise actions, occasions or outcomes to vary from these described in forward-looking statements, there could also be different elements that trigger such actions, occasions or outcomes to vary materially from these anticipated. There may be no assurance that forward-looking statements will show to be correct and accordingly readers are cautioned to not place undue reliance on forward-looking statements.

Readers are cautioned to not place undue reliance on forward-looking statements. The Firm undertakes no obligation to replace any of the forward-looking statements on this information launch or integrated by reference herein, besides as in any other case required by regulation.

Cautionary Observe to US Traders

This information launch has been ready in accordance with the necessities of NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Requirements, which differ from the necessities of U.S. Securities legal guidelines. NI 43-101 is a rule developed by the Canadian Securities Directors that establishes requirements for all public disclosure an issuer makes of scientific and technical info regarding mineral tasks.

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