Fabled Book 6 Copper Occurrence reports up to 7.73% Copper in Chip Sampling

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL; FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

The Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Figure 2 - Location Map

Peter Hawley, President, CEO reports; " The Bronson property comprises 4 mineral tenures covering approximately 2,524.6 hectares where the key objectives of the 2021 work program were to:

Carry out a field campaign consisting of reconnaissance prospecting across the Bronson claims.
Complete a focused program at the Book 6 vein target consisting of detailed sampling, Very Low Frequency Electromagnetic and ground magnetometer geophysical surveys and a UAV photogrammetry survey.
Conduct alteration mineral mapping and targeting using Visible Near Infrared (VNIR), Shortwave Infrared (SWIR) and Thermal Infrared (TIR) Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) multispectral satellite data." See Figure 3 below.

Figure 3 - Bronson Property, Book 6 Location

A total of 56 person days were spent on the property with 199 rock samples taken on 7 areas prospects which are the; Book 6, Book 9, B00k 10, 428 Central, 428 South, PJ105 and PJ100. See Figure 4 below.

Figure 4 - Bronson Property, Area of 2021 Prospecting

We previously reported on the Book 6 property where an unmanned Aerial Vehicle (UAV) photogrammetry survey was conducted over the Book 6 vein target resulting in

Generate high resolution photogrammetry datasets for the vein target to better understand bedrock controls on copper mineralization.
Generate high resolution Digital Terrain Models (DTMs) to assist with 3D modelling of the targets.
Generate baseline imagery to record current state of surface disturbance at sites that will be actively explored in coming years.

The data generated was used for in-field targeting of visual copper occurrences on the color orthophoto due to the 3 cm resolution which led to field examination of the mineralization and the sampling of the Book 6 vein where a total of 113 samples were collect as a first pass evaluation. Press link here to view Bronson Property Book 6 Vein drone flight mission.

The Book 6 veining is exposed striking southward along a relatively flat-lying valley at elevations of 1,988 to 1,912 meters. A total of 113 rock samples, 11 grab samples, (7 float samples and 95 chip samples), were collected along the exposed veining and in the surrounding areas. See Photo 1 below.

Photo 1 - Bronson Property, Book Vein as Seen by Helicopter

Two veins, labelled the Main & the West, were systematically chip sampled at various locations south along the veining. Each section was chained (measured) southward from sample D-723035 at the north end of the mineralized Main Vein. The section assays and averages are presented in Table 1 below.

The Main Vein was chip sampled along 68 meters, at widths of 0.50 to 1.60 m. (sections 0 to 68 meters South). The Main Vein strikes 177 to 181 degrees through sheared sediments and dips steeply to the west. At its southern end where it is intruded by a northwesttrending dyke, the vein slightly bends to the east-southeast. Chalcopyrite concentrations of up 10% were observed in the samples, but generally the chalcopyrite content is around 1%. See Figures 5, 6 below.

Figure 5 - Bronson Property, Book 6 - Northern Sample Locations and Copper Values

Figure 6 - Bronson Property, Book 6 - Southern Sample Locations and Copper Values

Twelve sections were chip sampled (D-723035-042 & 044-055) along 68 meters. Nine of the 12 sections averaged 0.13 to 0.47% Cu, across widths of 0.65 to 1.40 meters.

Three sections averaged 2.10 to 6.40% Cu:

section 31S (samples D-723042 & 044) - 2.83% Cu across 0.70 meters;
section 55S (samples D-723052 & 053) - 2.10% Cu across 1.00 meter; and
section 68S (samples D-723054 & 055) - 6.36% Cu across 1.60 meters.

Four individual chip samples contained a Cu content of over 1%:

samples D-723042 & 044 along section 31S assaying 1.57 and 3.77 % Cu across 0.30 and 0.40 meters, respectively;
sample D723053 across 0.60 meters on section 55S assayed 3.44% Cu; and
sample D723054 collected across 1.10 meters on section 68S contained 7.73% Cu, See Photo 2 below.

Photo 2 - Bronson Property, Book 6 North Mineralized Vein

The mineralized West Vein is exposed at numerous locations along a length of approximately 400 meters. This vein strikes 175 to 183degrees and dips 85 degrees to the west, is 0.20 to 3.60 meters wide and contains up to 75% massive chalcopyrite & 2% bornite.Galena concentrations of

Photo 3 - Bronson Property, Book 6 North Mineralized Vein

Of the 34 sections sampled, 13 sections, collected across widths of 0.20 to 4.70 meters, contained > 1% Cu.

Table 1 - Bronson Property, Book 6 Copper Occurrence

SAMPLENUMBERS	NAD83E	NAD83N	ELEV.	SECTION LOC. meters	WIDTH meters	CU %	VEIN
(for each section)	(center)	(center)		(S. from D-723035)
D-723035	366156	6449512	1988	0	0.65	0.41	Main
D-723036	366156	6449508	1988	4	1.10	0.15	Main
D-723037	366155	6449504	1988	8	0.80	0.13	Main
D-723038	366155	6449501	1988	11	0.80	0.37	Main
D-723039, 040	366155	6449492	1988	20	1.50	0.25	Main
D-723041	366153	6449486	1988	26	1.00	0.39	Main
D-723042, 044	366155	6449481	1988	31	0.70	2.83	Main
D-723045, 046, 051	366154	6449470	1988	42	1.00	0.33	Main
D7-23047	366153	6449467	1988	45	0.90	0.37	Main
D-723048, 049, 050	366153	6449463	1988	49	1.40	0.47	Main
D-723052, 053	366153	6449457	1988	55	1.00	2.10	Main
D-723054, 055	366154	6449444	1988	68	1.60	6.36	Main
D-723057	366153	6449481	1988	31	0.40	0.26	West
D-723058	366153	6449472	1988	40	1.20	0.06	West
D-723059	366148	6449463	1988	49	0.50	0.01	West
D-723060	366147	6449460	1988	52	0.50	0.00	West
D-723061, 062, 063	366148	6449454	1988	58	2.20	0.09	West
D-723064, 065	366147	6449448	1988	64	1.30	0.10	West
D-723066	366147	6449444	1969	68	1.10	0.01	West
D-723067, 068	366142	6449399	1969	113	1.00	2.31	West
D-723069, 077	366133	6449337	1954	175	1.50	0.49	West
D-723078, 079	366134	6449334	1954	178	1.30	1.03	West
D-723080	366133	6449323	1954	189	1.00	1.25	West
D-723081, 082	366132	6449317	1954	195	1.20	1.03	West
D-723083	366130	6449305	1954	207	0.80	0.20	West
D-723084	366129	6449298	1954	214	0.50	0.25	West
D-723086	366128	6449293	1954	219	1.00	0.35	West
D-723087	366128	6449283	1954	229	0.80	0.16	West
D-723088	366127	6449274	1954	238	0.80	0.15	West
D-723089,090	366126	6449268	1954	244	2.40	0.17	West
D-723091, 092	366125	6449255	1954	257	1.30	0.51	West
D-723093	366124	6449237	1954	275	1.00	0.40	West
D-723094	366123	6449229	1954	283	0.90	3.04	West
D-723095, 097	366123	6449220	1954	292	0.90	1.40	West
D-723098, 099	366123	6449217	1954	295	0.80	5.38	West
D-723100	366124	6449209	1954	303	0.80	0.68	West
D-723102	366103	6449190	1917	322	0.20	2.62	West
D-723103	366103	6449187	1917	325	0.25	4.18	West
D-723104, 105	366102	6449182	1917	330	0.35	0.12	West
D-723106, 107, 108	366102	6449182	1917	335	1.00	0.26	West
D-723109, 110	366102	6449177	1917	338	0.65	0.93	West
D-723111	366100	6449149	1922	363	0.40	3.19	West
D-723112	366088	6449109	1912	403	1.50	0.52	West
D-723113, 115, 116, 117	366089	6449105	1912	407	4.70	2.10	West
D-723118, 119, 120, 121	366090	6449103	1912	409	2.30	1.26	West
D-723122, 123	366091	6449101	1912	411	2.30	2.38	West

Sections of interest with Cu % / widths include, See Photo 4 below:

section 113S - 2.31% Cu/1.00 m.; section 178S - 1.03% Cu/1.30 m.;
section 189S - 1.25% Cu/1.00 m.; section 195S - 1.03% Cu/1.20 m.:
section 283S - 3.04% Cu/0.90 m.; section 292S - 1.40% Cu/0.9m.;
section 295S - 5.38% Cu/0.80 m.; section 322S - 2.62% Cu/0.20 m.;
section 325S - 4.18% Cu/0.25 m.; section 363S - 3.19% Cu/0.40 m.;
section 407S - 2.10% Cu/4.70 m.; section 409S - 1.26% Cu/2.30 m.;
section 411S - 2.38% Cu/2.30 m.

Photo 4 - Bronson Property, Book 6 North Mineralized Vein Sections of Interest

Eighteen individual chip samples assayed higher than 1% Cu. Of the 56 chip samples taken, 7 (D-723062, 90,107,108,109,117 and 119)were collected from sheared sediments surrounding the vein. Samples D-723117 & 119, of sheared sediments, on sections 407S &409S, contained 0.43% Cu across 1.10 meter and 0.88% Cu across 0.50 meter, respectively.

Lead and Zinc amounts of over 1% and silver amounts over 10 ppm (g/t) were observed in samples:

D-723080 - 1.20% Pb across 1.00 m.; D-723084 - 12.90 ppm Ag across 0.50 m.;
D-723092 - 7.33% Pb & 55.90 ppm Ag across 0.50 m.; D-723095 - 14 ppm Ag across 0.50 m.;
D-723098 - 1.46% Zn across 0.30 m.; D-723099 - 28.40 ppm Ag across 0.50 m.;
D-723116 - 1.50% Pb across 1.10 m.; D-723120 - 19.10 ppm Ag across 0.30 m.

Along strike, 30 to 90 meters north of the Main Vein and 30 to 150 meters south of the West Vein, non- mineralized exposures ofquartz-carbonate veining were prospected. In the north, 5 samples (D-723026-028 & 031-032) were collected and to the south 4 samples (D-723124-127) were taken. All these samples assayed

An exposure of irregular shaped, mineralized (up to 10% chalcopyrite), quartz-carbonate veining was discovered at elevations of 1,871-1,873 meters, 270 meters southeast of the south end of the West Vein. The veining appears to be up to 3.60 meters in width. See Photo 5 below

Photo 5 - Bronson Property, Book 6 West Mineralized Vein

Nine chip samples (D-723128-128 & 131-137) were collected at various orientations, across 3 sections of veining and sediments. Sample D-723131 of vein across 0.80 meters, contained the highest Cu content of 5.42%. The remaining samples assayed

North and northeast of the Main Vein, numerous, mainly northwest striking tension veins, were sampled. The veins are not mineralized and the 8 samples collected (D-723019-025 & 030 assayed low in Cu,

Mineralized (1% chalcopyrite) float sample (D-723035) collected in a creek, at the south end of the Main Vein assayed 2.45% Copper.

All samples taken were photographic and GPS location taken plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 6 below.

Photo 6 - Bronson Property, Book 6 Geotagged data

Going Forwards

Additional releases on the geophysics and structural interpretation results of the Bronson Property, Book 6 copper occurrence will be forth coming in the following weeks.

QA QC Procedure

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

Over Limit Methods

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

About Fabled Copper Corp.

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

Mr. Peter J. Hawley, President and C.E.O.
Fabled Copper Corp.
Phone: (819) 316-0919
peter@fabledcopper.org

For further information please contact:

info@fabledcopper.org

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE:Fabled Copper Corp.

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https://www.accesswire.com/705187/Fabled-Book-6-Copper-Occurrence-reports-up-to-773-Copper-in-Chip-Sampling

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Mitsubishi Materials has agreed to acquire that number of common shares of the Company (the "Shares") that will represent approximately 5.0% of Western's issued and outstanding Shares, on an undiluted basis, following completion of the investment, at a price of C$2.63 per Share.

The exact number of Shares to be issued, and proceeds to be received, by the Company will depend on whether Rio Tinto Canada Inc. ("Rio Tinto") elects to exercise its pre-existing right to participate on a pro rata basis in equity financings by the Company to maintain its current ownership interest, which based on public filings is approximately 7.84%.

Assuming Rio Tinto elects to exercise its participation right in full, then it is expected that 8,091,390 Shares will be issued to Mitsubishi Materials for aggregate gross proceeds of C$21.3 million and 878,809 Shares will be issued to Rio Tinto for aggregate gross proceeds of C$2.3 million .

"We are pleased to welcome Mitsubishi Materials as a strategic investor in the Company," said Paul West-Sells , President and CEO. "The investment by Mitsubishi Materials is a strong endorsement of the Casino Project. We look forward to working with Mitsubishi Materials to advance Casino."

Western remains the sole owner of the Casino Project and will continue to be the operator. The Company will use the proceeds of the strategic investment to advance the project and to fund specific areas of study, developed with input from Mitsubishi Materials, with the aim of progressing to a development phase for the Casino Project.

In connection with the strategic investment by Mitsubishi Materials, the Company and Mitsubishi Materials will enter into an investor rights agreement whereby, subject to certain conditions, Mitsubishi Materials will have certain rights until the earlier of (a) its ownership falling below 3.0%, and (b) the date that is 24 months following completion of the investment (the "Expiry Date"), including:

the right to appoint one member to a Casino Project Technical and Sustainability Committee
the right to appoint the greater of one director of the Company or 17% of the number of directors (rounding to the nearest whole number), if Mitsubishi Materials' ownership increases to at least 12.5%

In addition, until the Expiry Date, Mitsubishi Materials will have a right to participate in future equity issuances to maintain its ownership in the Company and, in the event its ownership increases to 8.0%, will be provided with a one-time "demand registration right" and "piggy-back registration rights."

Under the investor rights agreement, for a period of 24 months, Mitsubishi Materials will agree:

not to sell, transfer, offer or otherwise dispose of any Shares without first notifying the Company
to abstain from voting or vote any Shares in favor of each director nominated by the board of directors of the Company for election by shareholders
not to acquire any securities of the Company, subject to certain exceptions

Mitsubishi Materials will have the right of first negotiation, until the later of (a) its ownership falling below 3.0%, and (b) the date that is 24 months following completion of the investment, to offtake at least its proportionate share of minerals produced from the Casino Project.

The Company and Mitsubishi Materials will negotiate in good faith new rights and restrictions attaching to its share ownership on the earlier of (a) 18 months following completion of the investment, and (b) Mitsubishi Materials' ownership reaching 12.5% or greater.

The closing of the strategic investment is expected to occur on or about April 14, 2023 and is subject to regulatory approval, including that of the Toronto Stock Exchange and the NYSE American LLC. The Shares will be subject to a statutory hold period in accordance with applicable securities legislation.

BMO Capital Markets and RBC Capital Markets are acting as financial advisors to Western Copper and Gold.

Western will host a conference call on March 24, 2023 at 8:00 am (Pacific Time) for senior management to discuss this investment by Mitsubishi Materials.

Canada/USA:	1-800-319-4610
International Callers:	1-604-638-5340
Conference ID:	10021576

Replay of the conference call is available at 1-800-319-6413 or 1-604-638-9010, access code 0022.

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. For more information, visit www.westerncopperandgold.com .

ABOUT MITSUBISHI MATERIALS CORPORATION

Mitsubishi Materials Corporation, founded in 1871, is a Japan -based company principally engaged in the processing and manufacturing of non-ferrous metals and products. The group operates businesses in over 30 countries across the world and employs around 23,000 people. Its extensive scope of operations ranges from mining, smelting/refining and recycling, to high-performance processed products, providing solutions for a sustainable society. For more information, visit www.mmc.co.jp .

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements, including statements with respect to whether Rio Tinto will exercise its pre-existing right to participate on a pro rata basis in equity financings of the Company, the expected number of Shares to be issued and proceeds to be raised, the anticipated use of proceeds, the rights to be provided to Mitsubishi Materials and the restrictions imposed on Mitsubishi Materials pursuant to the investor rights agreement, and the expected closing date for the strategic investment . 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 "plans", "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. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general 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 financing 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.

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SOURCE Western Copper and Gold Corporation

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Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) has filed its Annual Report on Form 40-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the "SEC").

The Company filed Form 40-F for the year ended December 31, 2022 with the SEC on March 23, 2023 . The Form 40-F includes Western's Annual Information Form ("AIF"), audited consolidated financial statements and management's discussion and analysis ("MD&A"). The Form 40-F is available for viewing and retrieval through EDGAR at www.sec.gov/edgar.shtml .

The Company has also filed its AIF, audited consolidated financial statements, and MD&A for the year ended December 31, 2022 with the appropriate Canadian regulatory bodies. These filings are available for viewing on SEDAR at www.sedar.com .

The filings described above are also available on the Company's website: westerncopperandgold.com/investors/forms . Western will also provide a copy of the filings to any shareholder, without charge, upon request. Requests may be made by email, telephone, or regular mail.

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,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. 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. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general 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 relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; 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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Cash Payment Timing	Payment Amount
On the date of execution of the OHM Definitive Agreement (the "OHM Closing Date")	$50,000
By the 12 month anniversary of the OHM Closing Date	$75,000
By the 24 month anniversary of the OHM Closing Date	$100,000
By the 36 month anniversary of the OHM Closing Date	$125,000
By the 48 month anniversary of the OHM Closing Date	$150,000

Share Issuance Timing	Number of Shares
On the OHM Closing Date	200,000
By the 12 month anniversary of the OHM Closing Date	250,000
By the 24 month anniversary of the OHM Closing Date	350,000
By the 36 month anniversary of the OHM Closing Date	400,000

Expense Requirement Date	Amount
By the 12 month anniversary of the OHM Closing Date	$50,000
By the 24 month anniversary of the OHM Closing Date	$150,000
By the 36 month anniversary of the OHM Closing Date	$350,000
By the 48 month anniversary of the OHM Closing Date	$650,000

Cash Payment Timing	Payment Amount
On the date of execution of the V1 Definitive Agreement (the "V1 Closing Date")	$30,000
By the 12 month anniversary of the V1 Closing Date	$35,000
By the 24 month anniversary of the V1 Closing Date	$40,000
By the 36 month anniversary of the V1 Closing Date	$45,000
By the 48 month anniversary of the V1 Closing Date	$50,000

Share Issuance Timing	Number of Shares
On the V1 Closing Date	200,000
By the 12 month anniversary of the V1 Closing Date	250,000
By the 24 month anniversary of the V1 Closing Date	250,000
By the 36 month anniversary of the V1 Closing Date	300,000
By the 48 month anniversary of the V1 Closing Date	400,000

Sample No.	Elevation (m)	Copper %	Sample Type
D-723607	1,579	15.55	Float
D-723608	1,558	0.03	Float
D-723609	1,524	0.41	Float
D-723611	1,407	0.04	Float
D-723612	1,307	6.14	Float
D-723613	1,478	1.09	Float
D-723614	1,665	0.45	Float
D-723692	1,599	0.24	Float
D-723693	1,641	0.03	Float
D-723695	1,607	0.01	Float

Sample No.	Sample Type	Copper %	Width Meters
North Side of Ringarooma Creek
D-723558-575	Chip	0.90	22.90	Including:
D-723558-562	Chip	2.40	3.00
D-723560-61	Chip	4.48	1.55
D-723568	Chip	4.44	0.80
D-723572-75	Chip	2.36	3.90	Including
D-723573-74	Chip	4.63	1.70
South Side of Ringarooma Creek
D-723578,79,81,82,84,84	Chip	2.09	6.10
D-723581,82,84	Chip	4.15	3.00
D-723582,84	Chip	5.82	2.10

Sample #	Elevation	Sample Type	Width Meters	Copper %	Gold g/t	Silver g/t
North Side of Ringarooma Creek
D-723557	1,635	Grab	-	11.80	0.11	5.15
D-723558	1,630	Chip	1.20	0.06	0.00	0.04
D-723559	1,630	Chip	0.85	0.18	0.04	0.01
D-723560	1,630	Chip	0.75	6.26	0.08	3.70
D-723561	1,630	Chip	0.80	2.81	0.10	19.50
D-723562	1,630	Chip	0.60	0.16	0.02	0.26
D-723563	1,630	Chip	1.80	0.03	0.01	0.06
D-723564	1,630	Chip	1.90	0.04	0.00	0.06
D-723565	1,631	Chip	1.65	0.00	0.00	0.01
D-723566	1,631	Chip	1.75	0.13	0.00	0.16
D-723567	1,630	Chip	1.70	0.02	0.08	0.04
D-723568	1,634	Chip	0.80	4.44	0.00	2.68
D-723569	1,635	Chip	1.20	0.01	0.00	0.01
D-723570	1,633	Chip	2.00	0.01	0.00	0.02
D-723571	1,632	Chip	2.00	0.10	0.00	0.21
D-723572	1,632	Chip	0.90	0.10	0.00	0.15
D-723573	1,632	Chip	0.90	4.01	0.16	6.18
D-723574	1,632	Chip	0.80	5.32	0.31	9.06
D-723575	1,632	Chip	1.30	0.96	0.05	2.23
South Side of Ringarooma Creek
D-723578	1,632	Chip	1.10	0.01	0.00	0.03
D-723579	1,632	Chip	1.40	0.19	0.02	0.35
D-723581	1,632	Chip	0.90	0.24	0.06	0.78
D-723582	1,632	Chip	0.30	18.75	0.13	32.70
D-723584	1,632	Chip	1.80	3.67	0.13	11.00
D-723585	1,632	Chip	0.60	0.04	0.01	0.08

Sample No.	Elevation (m)	Copper %	Sample Type
D-723551	1,553	19.85	Float
D-723552	1,555	0.57	Float
D-723553	1,661	6.08	Float
D-723554	1,594	3.27	Float
D-723556	1,671	0.35	Float
D-723596	1,620	0.05	Grab
D-723598	1,678	0.77	Float
D-723599	6781,	21.90	Float
D-723600	1,476	0.87	Float
D-723602	1,476	1.27	Float

Fabled Book 6 Copper Occurrence reports up to 7.73% Copper in Chip Sampling

Overview

Company Highlights

Key Projects

The Muskwa Project

Neil Vein

Toro-Churchill

Bronson

David-Keays

Churchill Copper

Fort Reliance

David-Keays North (Okey)

Management Team

Peter Hawley - CEO, Director

David Smalley - Director

Luc Pelchat - Director

Louis Martin - Director

Pat Donovan - Director

Brian R. Booth - Advisor to the Board

Latest Press Releases

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