Atico Reports Consolidated Financial Results for Third Quarter of 2022

(All amounts expressed in US dollars, unless otherwise stated)

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended September 30, 2022, posting a net income of $0.3 million. Production for the period at Atico's El Roble mine totaled 3.8 million pounds ("lbs") of copper and 2,724 ounces ("oz") of gold in concentrate at a cash cost ( 1) of $1.35 per payable pound of copper (2) .

Fernando E. Ganoza, CEO and Director, commented, "El Roble mine production results were only slightly below budget given a particularly challenging quarter caused by downtime of the SAG mill system due to repairs to the trunnion. The repairs were completed, and the SAG Mill is now working. During this period, we also saw a significant drop in the metal prices when compared to this time last year which had a negative impact on our sales. Despite all of these challenges, the Company showed a modest net profit for the period and continues to generate cash flow for the Company." Mr. Ganoza continued, "the exploration work at both El Roble and La Plata restarted during the quarter with drilling intensifying towards the end of the year. The mine vicinity drilling at El Roble continues looking for continuity of mineralization at depth and along strike, while the regional program has begun testing new exciting target areas south of the mine."

Third Quarter Financial Highlights

Net income for the quarter amounted to $0.3 million, compared with net income of $7.6 million for the same period last year. The decrease was primarily due to lower sales as explained below impacting income from mining operations.
Sales for the quarter decreased 27% to $23.1 million when compared with $31.8 million in Q3-2021. Copper ("Cu") and gold ("Au") accounted for 81% and 19% of the 14,219 dry metric tonnes ("DMT") sold during Q3-2022. Sales during the quarter were impacted by lower metal prices and quantities sold compared to Q3-2021.
Working capital was $24.4 million, while the Company had $15.6 million in long-term loans payable.
The average realized price per metal on provisional invoicing was $3.40 per pound of copper and $1,687 per ounce of gold.
Cash costs ⁽¹⁾ were $134.52 per tonne of processed ore and $1.35 per pound of payable copper produced ⁽²⁾ , which were increase of 21% and a decrease of 4% over Q3-2021, respectively.

Cash margin ⁽¹⁾⁽²⁾ was $2.05 per pound of payable copper produced, which was a decrease of 28% over Q3-2021, due to lower metal price.
All-in sustaining cash cost per payable pound of copper produced ⁽¹⁾⁽²⁾ was $2.32.

Third Quarter Summary of Financial Results

	Q3 2022		Q3 2021		% Change
Revenue	$	23,123,099	$	31,807,740	-27%
Cost of sales		(17,626,532)		(18,048,730)	-2%
Income from mining operations		5,496,567		13,759,010	-60%
As a % of revenue		24 %		43 %	-45 %
General and administrative expenses		1,484,734		1,439,993	3%
Income from operations		3,832,094		12,116,690	-68%
As a % of revenue		17 %		38 %	-56 %
Income before income taxes		2,646,391		12,208,835	-78%
Net income		297,615		7,555,343	-96%
As a % of revenue		1 %		24 %	-95 %
Operating cash flow before changes in non-cash operating working capital items ⁽¹⁾	$	6,689,397	$	14,574,929	-54%

Third Quarter Operational Review

In Q3-2022, the Company produced 3.8 million lbs of copper, 2,724 oz of gold, and 9,501 oz of silver. The decrease in both copper and gold production is mainly explained by the decrease in processed ore, partially offset by improved head grades over the same period of last year. The gold output completely offset the lower processed tonnes in the quarter as we saw a significant improvement in head grade relative to Q3-2021.

Cash costs were $134.52 per tonne of processed ore and $1.35 per pound of payable copper produced, which were an increase of 21% and a decrease of 4% over Q3-2021, respectively (refer to non-GAAP Financial Measures). The increase in cash cost per tonne processed compared to the comparative period is mainly due to lost production during Q3-2022 due to repairs to the trunnion of the SAG mill, which is now working, price increase on certain services and consumables, the operation of the new tailings-filtering plant, and some tailings-rehandling required prior to completion of the dry-stack tailings facility which is expected to be completed in Q4-2022.

Third Quarter Operational Details

	Q3 2022	Q3 2021	% Change
Production (Contained metals) ⁽³⁾
Copper (000s lbs)	3,753	4,442	-16%
Gold (oz)	2,724	2,978	-9%
Silver (oz)	9,501	11,692	-19%
Mine
Tonnes of material mined	66,245	76,276	-13%
Mill
Tonnes processed	59,689	77,816	-23%
Tonnes processed per day	786	919	-15%
Copper grade (%)	3.12	2.80	11%
Gold grade (g/t)	2.28	2.02	13%
Silver grade (g/t)	10.15	8.27	23%
Recoveries
Copper (%)	91.5	92.6	-1%
Gold (%)	62.0	58.8	5%
Silver (%)	48.8	56.6	-14%
Concentrates
Copper Concentrates (DMT)	9,048	10,704	-16%
Copper (%)	18.8	18.8	0%
Gold (g/t)	9.4	8.7	8%
Silver (g/t)	32.7	34.0	-4%

Payable copper produced (000s lbs)	3,565	4,182	-15%
Cash cost per pound of payable copper ($/lbs) ⁽¹⁾⁽²⁾	1.35	1.40	-4%

The financial statements and MD&A are available on SEDAR and have also been posted on the Company's website at https://www.aticomining.com/s/FinancialStatements.asp

El Roble Mine

The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes per day, located in the Department of Choco in Colombia. Its commercial product is a copper-gold concentrate.

Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.

El Roble has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. Mineralization is open at depth and along strike and the Company plans to further test the limits of the deposit. On the larger land package, the Company has identified a prospective stratigraphic contact between volcanic rocks and black and grey pelagic sediments and cherts that has been traced by Atico geologists for ten kilometers. This contact has been determined to be an important control on VMS mineralization on which Atico has identified numerous target areas prospective for VMS type mineralization occurrence, which is the focus of the current surface drill program at El Roble.

La Plata Overview

Atico's wholly-owned La Plata project is a gold rich volcanogenic massive sulphide deposit that was the subject of small-scale mining from 1975-1981 by Outokumpu Finland. The project benefits from a modern drill and exploration database which was completed by Cambior Inc. from 1996-1999, Cornerstone Capital from 2006-2009 and Toachi Mining Inc. from 2016-2019.

Toachi Mining Inc. completed a PEA estimating an inferred resource of 1.85 million tonnes grading 4.10 grams gold per tonne, 50.0 grams silver per tonne, 3.30% copper, 4.60% zinc and 0.60% lead per tonne.

The La Plata project consists two concessions covering a total area of 2,235 hectares along its 4-kilometer length, which contains known mineralization in two VMS lenses and nine priority exploration targets.

The Company is currently focused on completing a Feasibility Study and obtaining the necessary permits and licenses to begin construction of the La Plata project. The Company is conducting variability tests to strengthen the metallurgical solution of the different ore types of the La Plata mineral deposit. Once these tests are completed, the Company can resume with the finalization of the Feasibility Study.

On May 19, 2022, the Company announced it has received the approval of its Environmental Impact Assessment ("EIA") study for the project. The Company is currently waiting for the government of Ecuador to issue guidelines for the Environmental Public Consultation process, which is a step necessary for the delivery of the Environmental License.

Qualified Person

Mr. Thomas Kelly (SME Registered Member 1696580), advisor to the Company and a qualified person under National Instrument 43-101 standards, is responsible for ensuring that the technical information contained in this news release is an accurate summary of the original reports and data provided to or developed by Atico.

About Atico Mining Corporation

Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing it's high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com .

ON BEHALF OF THE BOARD

Fernando E. Ganoza
CEO
Atico Mining Corporation

Trading symbols: TSX.V: ATY | OTC: ATCMF

Investor Relations
Igor Dutina
Tel: +1.604.633.9022

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

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act''), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward Looking Statements

This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties as to the timing and process for renewal of title to the El Roble claims; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company's mineral projects; uncertainty of meeting anticipated program milestones for the Company's mineral projects; the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the coronavirus pandemic is minimized or not long-term; disruptions related to the COVID-19 pandemic or other health and safety issues, or the responses of governments, communities, the Company and others to such pandemic or other issues; and other risks and uncertainties disclosed under the heading "Risk Factors" in the Company's Management's Discussion and Analysis for the year ended December 31, 2021 as filed on SEDAR and as available on the Company's website for further details, and in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com

Non-GAAP Financial Measures

The items marked with a "(1)" are alternative performance measures and readers should refer to Non-GAAP Financial Measures in the Company's Management's Discussion and Analysis for the nine months ended September 30, 2022, as filed on SEDAR and as available on the Company's website for further details.

_{⁽¹⁾ Alternative performance measures; please refer to "Non-GAAP Financial Measures" at the end of this release.}
_{⁽²⁾ Net of by-product credits}
_{⁽³⁾ Subject to adjustments on final settlement}

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Atico Mining TSXV:ATY Base Metals Investing

ATY:CA

Atico Produces 3.34 Million Pounds of Cu and 2,156 Ounces of Au in First Quarter 2024

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended March 31, 2024 from its El Roble mine. Production for the quarter totaled 3.34 million pounds of copper and 2,156 ounces of gold in concentrates, an increase of 44% for copper and a decrease of 16% for gold, respectively, over the same period in 2023.

"The El Roble mine operated in line with set expectations for this quarter as we improved on almost all metrics over the same period last year," said Fernando E. Ganoza, CEO. "For the remainder of the year, the team will be focused on optimizing production to take advantage of the higher metal price environment and to deliver on this year's set guidance. In parallel, we continue to drill new high-grade resources in the mine vicinity target areas. These new areas will be incorporated into our mine plan as well as the new resource update which is planned to be published imminently."

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Atico Reports Consolidated Financial Results for 2023

(All amounts expressed in US dollars, unless otherwise stated)

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the year ended December 31, 2023, posting income from mining operations of $7.4 million and a net loss of $5.8 million. Production for the year at Atico's El Roble mine totaled 13.2 million pounds ("lbs") of copper and 10,149 ounces ("oz") of gold in concentrate at a cash cost ( 1) of $2.04 per payable pound of copper (2) .

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Atico Reports Multiple High Grade Intercepts up to 20.70m of 5.76% Cu, 4.46 g/t Au and 11.50m of 8.16% Cu, 8.09 g/t Au and Continues to Extend the Ore Body at El Roble Mine in Colombia

Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) ("Atico" or the "Company") is pleased to announce positive results for the latest 49 drill holes being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for sixteen diamond drill core holes (see first table below), which included 20.70m of 5.76% Cu, 4.46 gt Au and 11.50m of 8.16% Cu, 8.09 gt Au. Ore grade intercepts in another fourteen drill holes are also reported over narrower widths of approximately 1 to 2 meters in areas with limited drilling which highlights the possibility of further extending the ore body with additional drill programs.

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Atico Mining Signs an Investment Agreement with the Government of Ecuador, for the Development of its La Plata Project

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has signed, with the Government of Ecuador, an investment agreement ("the Agreement") for its 100% owned La Plata mining project located in Ecuador (the "La Plata project").

During the Prospectors and Developers Association of Canada Convention in Toronto, Canada (PDAC), and in alignment with his strategic initiative to foster the creation of high-quality employment opportunities for the youth and to entice responsible mining investments within Ecuador. The President of Ecuador, Mr. Daniel Noboa, alongside Mrs. Andrea Arrobo, Minister of Energy and Mines, Sonsoles Garcia, Minister of Production, External Commerce, Investments, and Fisheries, and Minister of Foreign Affairs Gabriela Sommerfeld, engaged in a pivotal meeting with a consortium of institutional funds, investors, and eminent mining corporations. In the context of this event, the Ecuadorian administration, through the agency of Minister Sonsoles Garcia, formalized this agreement with Atico Mining Corporation.

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Atico Reports High Grade Intercepts up to 4.45m of 5.17% Cu, 10.47g/t Au and 4.90m of 9.35% Cu, 2.94 g/t Au and Continues to Extend the Ore Body at El Roble Mine in Colombia

Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) ("Atico" or the "Company") is pleased to announce additional positive results for the exploration program initiated in 2023 being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for seven diamond drill core holes (see first table below), which included 4.45m of 5.17% Cu, 10.47gt Au and 4.90m of 9.35% Cu, 2.94 gt Au.

"We are pleased to report that our mine vicinity drill campaign continues to intercept new mineralization and extend the main historic massive sulphide body at the El Roble deposit. While, this area was mined by operators previous to Atico obtaining control of the mine on November 22, 2013, these results are intercepting additional high-grade mineralization beyond the previously outlined mineralized shell which remains open at depth and along strike," said Fernando E. Ganoza, CEO. "These strong assay results continue to increase confidence in our view that additional high-grade copper and gold mineralization remains both within the historically defined bodies and beyond the previously outlined mineralized shell and are open at depth and along strike. Final results for the remaining drill holes from the current exploration program initiated in 2023 will be available within following weeks at which time the Company plans to update the resource estimate. A new drill program is planned to continue exploration in this vicinity during 2024."

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Canada Nickel Company Concludes Successful Participation in Washington, D.C. Summit on North American Critical Minerals Strategy

Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) was proud to participate in an Ontario government delegation at the 2024 Energy Transition Metals Summit in Washington, D.C. During the summit, CEO Mark Selby a veteran in the mining industry with over 20 years of experience, stressed the importance of strengthened Ontario-US trade partnerships and collaboration in critical minerals as demand for clean energy solutions across North America surges.

Canada Nickel Company's CEO further spoke about the essential role of nickel in various high-tech applications, including electric vehicles (EVs) and stainless steel production, critical for the transition to a cleaner economy. "Nickel is not just a metal; it's a linchpin in our sustainable future," said Mark Selby , CEO of Canada Nickel Company. "Canada Nickel, Ontario, Canada and the United States share many of the same economic and environmental objectives, specifically around the need for reliable, clean, critical minerals sources amid growing geopolitical tensions and increasing supply chain pressures."

Canada Nickel's Crawford Nickel Sulphide Project in Ontario's Timmins Nickel District was showcased at the summit as a model of innovation and sustainability. Projected to become one of the top nickel sulphide operations globally, it boasts potential for zero-carbon production thanks to the Company's proprietary IPT Carbonation carbon storage technology.

"The Crawford Project is expected to be the Western World's largest nickel sulphide operation, emphasizing our commitment to environmentally responsible mining practices that significantly reduce carbon emissions," Selby noted. The Ontario project is expected to play a crucial role in filling critical supply gaps for North America's EV and stainless steel markets.

The summit also served as a platform for Canada Nickel to discuss the challenges and opportunities in the nickel market, which is essential for powering the EV revolution. The discussions included the impact of recent US policies on metal imports and the strategic steps both nations and the province need to take to secure a reliable supply of critical minerals.

"We have the critical minerals, expertise and experience the world is looking for in my riding of Timmins and across Northern Ontario ," said George Pirie , Member of Provincial Parliament for Timmins , and Ontario's Minister of Mines. " The United States and Ontario share goals for a battery-powered future and the relationship between our governments has never been more important. We need to work together to secure the supply chain and Ontario -based companies like Canada Nickel will help us accomplish this goal. I am so excited to continue working to promote Ontario mining companies because they are the best in the world."

Canada Nickel's participation in the summit underscores its role as a leader in the next generation of large-scale nickel supply and as a key player in North America's critical minerals strategies. The company continues to work closely with the Ontario Government, Canadian, and US officials to advance bilateral initiatives that enhance the critical minerals supply chain and promote sustainable mining practices.

For More Information, Contact:
Mark Selby
CEO and Director
647-256-1954
info@canadanickel.com

Media Contact:
Sydney Oakes
Director of Indigenous Relations and Public Affairs, Canada Nickel Company
sydneyoakes@canadanickel.com

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the potential of the Crawford Nickel Sulphide Project, strategic plans, statements relating to the nickel and EV markets, and corporate and technical objectives. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the Crawford Project, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.

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SOURCE Canada Nickel Company Inc.

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WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF BOUGHT DEAL PUBLIC OFFERING OF $46 MILLION

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has completed its previously announced bought deal public offering (the "Offering") of 24,210,526 common shares of the Company (the "Common Shares") at a price of $1.90 per Common Share for gross proceeds of $45,999,999.40 including the full exercise of the over-allotment option.

The Offering was completed pursuant to an underwriting agreement dated April 16, 2024 entered into between the Company and a syndicate of underwriters led by Eight Capital, and including Cormark Securities Inc., National Bank Financial Inc., Raymond James Ltd., BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc., H.C. Wainwright & Co., LLC, RBC Dominion Securities Inc., Echelon Wealth Partners Inc. and Haywood Securities Inc. (the "Underwriters"). In connection with the Offering, the Company paid the Underwriters a cash commission equal to 5.0% of the gross proceeds, other than on sales of an aggregate of 358,000 Common Shares to purchasers on a president's list.

The net proceeds from the sale of the Common Shares are expected to be used to advance permitting and engineering activity at the Company's Casino Project in the Yukon and for general corporate and working capital purposes.

The Offering was completed by way of a short form prospectus (the "Prospectus") filed in all of the provinces of Canada , except Québec, and in the United States pursuant to a prospectus filed as part of a registration statement on Form F-10 (the "Registration Statement") under the Canada /U.S. multi-jurisdictional disclosure system. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The Prospectus is available on SEDAR+ at www.sedarplus.ca . The Registration Statement is available on EDGAR at www.sec.gov .

Certain directors of the Company (the "Insiders") participated in the Offering and were issued an aggregate of 110,000 Common Shares. The Insiders' participation in the Offering constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("61-101"). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of 61-101 in respect of the Offering as neither the fair market value of the securities issued to the Insiders nor the consideration paid by the Insiders for such securities exceed 25% of the Company's market capitalization. The Company will file a material change report in respect of the Offering. However, the Company did not file a material change report 21 days prior to closing of the Offering as the participation of insiders of the Company in the Offering had not been confirmed at that time.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning the use of proceeds from the Offering and the filing of a material change report in respect of the Offering . Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. The material factors or assumptions used to develop forward-looking statements include, but are not limited to, the assumptions that all regulatory approvals of the Offering will be obtained in a timely manner; all conditions precedent to completion of the Offering will be satisfied in a timely manner; and that market or business conditions will not change in a materially adverse manner.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties related to raising sufficient capital in a timely manner and on acceptable terms; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

SOURCE western copper and gold corporation

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	Q1 2024 Total	Q1 2023 Total	% Change
Production (Contained in Concentrates)
Copper (000s pounds)	3,338	2,319	44%
Gold (ounces)	2,156	2,566	-16%
Mine
Tonnes of ore mined	64,873	60,568	7%
Mill
Tonnes processed	65,787	62,793	5%
Tonnes processed per day	811	747	9%
Copper grade (%)	2.51	1.88	34%
Gold grade (g/t)	1.64	2.20	-25%
Recoveries
Copper (%)	91.8	89.2	3%
Gold (%)	62.1	57.9	7%
Concentrates
Copper and Gold Concentrates (dmt)	8,274	5,813	42%

Payable copper produced (000s lbs)	3,137	2,180	44%

	Q1 2024 Total
Amounts in dry metric tonnes
Opening inventory	8,227
Production	8,274
Sales	-9,383
Number of shipments	1
Closing inventory	7,002

	Q1	Q2	Q3	Q4	Total
Production (Contained in Concentrates) ⁽³⁾
Copper (000s pounds)	2,310	2,803	3,762	4,367	13,242
Gold (ounces)	2,553	2,313	2,705	2,578	10,149
Silver (ounces)	8,335	7,826	9,979	10,810	36,949
Mine
Tonnes of ore mined	60,568	72,340	77,947	78,132	288,987
Mill
Tonnes processed	62,793	68,471	74,580	73,030	278,874
Tonnes processed per day	747	799	888	853	825
Copper grade (%)	1.87	2.04	2.46	2.89	2.34
Gold grade (g/t)	2.23	1.80	1.83	1.75	1.89
Silver grade (g/t)	11.20	9.98	10.13	9.86	10.26
Recoveries
Copper (%)	89.2	90.6	93.0	93.9	91.8
Gold (%)	57.0	58.4	61.9	62.7	60.1
Silver (%)	37.5	36.6	41.0	47.0	40.7
Concentrates
Copper Concentrates (dmt)	5,815	6,789	9,336	10,727	32,667
Copper (%)	18.0	18.7	18.3	18.5	18.4
Gold (g/t)	13.7	10.5	9.0	7.5	9.7
Silver (g/t)	44.8	34.9	33.2	31.3	35.0

Payable copper produced (000s lb)	2,169	2,639	3,536	4,108	12,451
Cash cost per pound of payable copper ⁽¹⁾⁽²⁾ ($/lb)	2.20	2.22	1.97	1.91	2.04

_{⁽¹⁾ Alternative performance measures; please refer to "Non-GAAP Financial Measures" at the end of this release.}
_{⁽²⁾ Net of by-product credits}
_{⁽³⁾ Subject to adjustments on final settlement}

Hole	From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)
ATD-0224	222.00	226.00	4.00	5.33	5.92
ATD-0225	30.40	34.90	4.50	5.24	6.77
ATD-0228	136.70	139.00	2.30	17.15	3.19
ATD-0229	25.50	37.90	12.40	4.45	1.55
ATD-0231	29.70	33.10	3.40	4.31	5.11
ATD-0235	27.50	35.40	7.90	5.07	4.18
ATD-0238	42.10	47.80	5.70	5.61	9.97
ATD-0240	104.80	114.10	9.30	6.09	5.51
ATD-0240	124.00	125.80	1.80	16.97	2.20
ATD-0249	46.15	52.30	6.15	4.57	3.04
ATD-0250	48.20	64.70	16.50	2.66	4.11
ATD-0251	53.90	57.40	3.50	0.59	12.95
ATD-0252	38.60	50.10	11.50	8.16	8.09
ATD-0253	43.40	45.65	2.25	6.36	10.39
ATD-0260	41.20	48.70	7.50	2.71	9.57
ATD-0261	59.10	66.20	7.10	4.16	8.53
ATD-0261	46.20	52.00	5.80	5.71	6.05
ATD-0262	58.15	78.85	20.70	5.76	4.46

*Hole*	From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)
ATD-0206	163.5	189.45	25.95	2.09	3.43
including	168	170.2	2.2	11.58	8.63
including	173.1	181.5	8.4	0.57	2.52
including	185	189.45	4.45	5.17	10.47
and	192.25	193.1	0.85	7.57	4.62
ATD-0207	133	144.6	11.6	4.14	1.38
including	136	140.9	4.9	9.35	2.94
and	156.5	159.7	3.2	1.78	7.86
ATD-0208	186.8	199.3	12.5	0.98	4.35
including	186.8	191.4	4.6	1.96	9.27
ATD-0209	189.4	206.5	17.1	1.15	1.94
ATD-0210	159	171.3	12.3	1.11	1.33
ATD-0211	34.1	44.9	10.8	4.39	1.29
including	35.5	37.2	1.7	8.46	1.43
including	39.3	44.9	5.6	5.33	1.91
ATD-0212	22	40.5	18.5	2.29	1.05
including	22	25	3	8.24	3.7
including	27.1	29.6	2.5	2.51	1.09
including	37.5	39.1	1.6	2.34	1.09

Atico Reports Consolidated Financial Results for Third Quarter of 2022

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El Roble Mine

La Plata Project

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Fernando E. Ganoza - CEO and Director

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Alain Bureau - President

Joseph A. Salas - Senior Exploration Manager

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