WESTERN COPPER AND GOLD ANNOUNCES CASINO COPPER-GOLD PROJECT DRILLING RESULTS

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce assay results from the remaining 13 holes of the 2021 diamond drilling program at its wholly-owned Casino Copper-Gold Project ("Casino") in the Yukon Territory, Canada . The program, developed with input from Rio Tinto, comprised a total of 6,074.97 m in 22 holes. Highlights of the first nine drill holes were reported in Western's Nov. 29, 2021 news release, and are included herein. Drill assay results are shown in Table 1 and collar data in Table 2.

Highlights

Drilling in the deposit core area confirmed its importance to the overall resource at Casino as shown by long intercepts of grades higher than the average resource grades in the Leached Cap ("CAP"), Supergene ("SUP"), and Hypogene ("HYP") zones:

DDH21-13 returned a 300.23 m (length of hole) interval grading 0.70% CuEq ¹ , including a 21.00 m sub-interval grading 1.50% CuEq ¹ within the HYP zone.
DDH21-20 returned a 248.41 m (length of hole) interval grading 0.58% CuEq ¹ , including a 21.00 m sub-interval grading 1.10% CuEq ¹ in the SUP zone.

Drilling northeast of the deposit core returned values at or exceeding resource-grade levels.

DDH21-17 returned a 300.23 m (length of hole) interval grading 0.57% CuEq ¹ , including a 15.00 m sub-interval grading 1.09% CuEq ¹ in SUP mineralization.

Review of lithological and mineralogical settings for holes DDH21-07, 21-08 and 21-09 indicate these holes were collared along or proximal to the NW – SE trending Casino Fault.

A high-grade intercept grading 2.53% CuEq ¹ across 65.80 m in DDH21-09 (see News Release dated Nov 29 ) is hosted by brecciated rock that consistently hosts higher-grade mineralization in the Casino Deposit.

Although grades from most exploration holes drilled outside of the current deposit area were lower than average resource grades, hole DDH21-14, collared east of the deposit, returned a 54.35 m interval grading 0.78% CuEq ¹ , with the majority of contained value derived from anomalous gold and silver content.

Summary

The 2021 program was comprised of 16 holes within the Casino deposit resource boundaries, centered on the "Deposit Core" area (see news release dated Feb 2, 2021 ). Drilling within the resource area included 5 resource confirmation holes, 3 metallurgical testing holes, and 8 holes for geotechnical analysis. An additional 6 exploration holes were drilled outside of the deposit area. All holes within the deposit area returned values that confirmed or, in some cases, improved upon previous drilling. These positive results represent important achievements of the 2021 program.

At Casino, higher grades are hosted mostly by intrusive breccias and, in the Deposit Core, also by Patton Porphyry intrusive rock. Holes DDH21-07, -08 and -09, collared east of and at a significantly lower elevation than the deposit core, indicate that higher grades also occur in brecciated zones east of the deposit core. These high-grade intervals may be influenced by proximity to the Casino Fault.

Significant CuEq values have now been established for the various zones comprising the Casino deposit. Analysis of results within respective zones continue to support previous drilling results showing that the supergene enrichment zones host somewhat higher CuEq values than the underlying hypogene zone. Significantly higher supergene to hypogene ratios in DDH21-09 may reflect structurally-controlled enriched mineralization along and proximal to the Casino fault.

Table 1: Significant Results, 2021 drill program.

Hole	Zone ³	From (m)	To (m)	Width ² (m)	Cu (%)	Au (g/t)	Ag (g/t)	Mo (%)	CuEq ¹ (%)
DDH21-01	All	0.50	352.04	351.54	0.17	0.21	0.99	0.027	0.45
	Cap	0.50	57.25	56.75	0.07	0.15	0.98	0.035	0.33
	SUP	57.25	177.98	120.73	0.28	0.26	1.11	0.038	0.65
	HYP	177.98	352.04	174.06	0.13	0.20	0.91	0.017	0.36
DDH21-02	All	5.20	350.22	345.02	0.20	0.45	3.06	0.038	0.74
	CAP	5.20	109.93	104.73	0.01	0.47	3.92	0.010	0.46
	Including	88.10	91.10	3.00	0.00	5.20	9.23	0.033	4.36
	SUP	109.93	217.61	107.68	0.34	0.44	2.35	0.051	0.91
	HYP	217.61	350.22	132.61	0.24	0.44	2.96	0.050	0.82
DDH21-03	All	0.00	228.60	228.60	0.10	0.21	2.36	0.026	0.40
	CAP	0.00	115.54	115.54	0.01	0.20	1.39	0.039	0.34
	SUP	115.54	228.60	113.06	0.19	0.22	3.34	0.012	0.45
DDH21-04	All	3.05	350.52	347.47	0.26	0.55	4.03	0.031	0.86
	CAP	3.05	115.91	112.86	0.05	0.61	3.67	0.020	0.65
	S c8UP	115.91	301.41	185.50	0.39	0.56	4.87	0.033	1.01
	HYP	301.41	350.52	49.11	0.23	0.42	1.66	0.052	0.80
DDH21-05	All	3.05	300.23	297.18	0.16	0.37	1.98	0.013	0.53
	CAP	3.05	82.00	78.95	0.04	0.49	2.23	0.008	0.48
	SUP	82.00	159.82	77.82	0.21	0.38	2.21	0.015	0.59
	HYP	159.82	300.23	140.41	0.21	0.30	1.72	0.015	0.53
DDH21-06	All	0.00	324.61	324.61	0.27	0.45	2.03	0.026	0.74
	CAP	0.00	39.62	39.62	0.11	0.19	0.77	0.007	0.30
	SUP	39.62	73.41	33.79	0.21	0.34	1.24	0.015	0.55
	HYP	73.41	324.61	251.20	0.30	0.50	2.33	0.030	0.84
	Including	115.41	151.41	36.00	0.71	0.86	2.17	0.035	1.55
DDH21-07	All	18.29	326.14	307.85	0.42	0.52	2.14	0.030	0.98
	CAP	18.29	36.58	18.29	0.05	0.53	2.82	0.019	0.58
	SUP	36.58	326.14	289.56	0.45	0.52	2.10	0.031	1.01
	Including	117.72	123.72	6.00	1.14	1.38	4.17	0.046	2.46
	HYP	145.72	326.14	180.42	0.38	0.47	2.06	0.032	0.90
DDH21-08	All	1.52	256.03	254.51	0.17	0.22	1.22	0.005	0.38
	CAP	1.52	18.57	17.05	0.06	0.12	1.02	0.004	0.18
	HYP	18.57	256.03	237.46	0.17	0.21	1.21	0.005	0.37
DDH21-09	All	0.00	225.55	225.55	0.52	0.54	3.04	0.008	1.01
	CAP	0.00	10.62	10.62	0.05	0.18	1.11	0.005	0.23
	SUP	10.62	52.42	41.80	1.60	1.61	8.92	0.018	3.04
	Including	10.62	76.42	65.80	1.32	1.33	7.09	0.019	2.53
	Including	25.67	52.42	26.75	2.18	1.92	10.80	0.020	3.90
	Including	34.67	35.67	1.00	3.27	4.20	112.00	0.018	7.74
	HYP	52.42	225.55	173.13	0.29	0.30	1.73	0.006	0.56
DDH21-10	All	13.76	123.6	109.84	0.18	0.20	0.91	0.004	0.36
	CAP	13.76	18.49	4.73	0.18	0.24	1.30	0.004	0.40
	HYP	18.49	123.60	105.11	0.18	0.20	0.89	0.004	0.36
DDH21-11	All	1.52	251.46	249.94	0.17	0.44	2.44	0.012	0.59
	CAP	1.52	76.52	75.00	0.04	0.50	2.89	0.013	0.52
	SUP	76.52	142.52	66.00	0.24	0.48	2.04	0.012	0.69
	Including	97.52	115.52	18.00	0.28	0.69	2.29	0.019	0.92
	HYP	142.5	251.46	108.94	0.23	0.36	2.36	0.012	0.59
DDH21-12	n/a	162.80	168.80	6.00	0.09	0.26	3.70	0.000	0.34
DDH21-13	All	0.00	300.23	300.23	0.19	0.54	4.09	0.010	0.70
	CAP	0.00	152.00	152.00	0.01	0.48	3.90	0.013	0.49
	HYP	152.00	300.23	148.23	0.37	0.59	4.29	0.008	0.92
	Including	179.00	200.00	21.00	0.23	1.51	5.86	0.005	1.50
	Including	207.65	223.35	15.70	0.99	1.31	8.68	0.017	2.18
	Including	216.65	218.79	2.14	2.29	5.88	23.90	0.016	7.26
DDH21-14	n/a	114.04	120.04	6.00	0.07	0.18	0.90	0.000	0.22
	n/a	141.04	150.04	9.00	0.05	0.18	1.56	0.000	0.20
	n/a	191.00	203.00	12.00	0.04	0.96	0.20	0.000	0.81
	n/a	269.00	323.35	54.35	0.02	0.86	5.45	0.000	0.78
DDH21-15	All	4.57	225.55	220.98	0.19	0.33	2.36	0.015	0.54
	CAP	4.57	60.62	56.05	0.09	0.59	3.00	0.014	0.64
	SUP	60.62	167.59	106.97	0.25	0.26	1.93	0.011	0.52
	HYP	167.59	225.55	57.96	0.18	0.21	2.54	0.024	0.46
DDH21-16	n/a	149.5	150.5	1.00	0.01	0.20	18.75	0.000	0.34
DDH21-17	All	0.00	300.23	300.23	0.24	0.28	1.38	0.021	0.57
	CAP	0.00	21.00	21.00	0.15	0.40	2.12	0.017	0.56
	SUP	21.00	36.00	15.00	0.51	0.55	2.49	0.028	1.09
	CAP	36.00	94.00	58.00	0.14	0.37	1.88	0.017	0.53
	SUP	94.00	154.00	60.00	0.46	0.31	1.18	0.029	0.84
	HYP	154.00	300.23	146.23	0.18	0.19	1.04	0.020	0.42
DDH21-18	n/a	191.05	206.05	15.00	0.05	0.28	2.04	0.000	0.29
DDH21-19	n/a	No significant intervals
DDH21-20	All	0.00	248.41	248.41	0.16	0.45	2.15	0.011	0.58
	CAP	0.00	75	75.00	0.04	0.48	2.95	0.012	0.50
	SUP	75.00	143.05	68.05	0.25	0.57	2.24	0.011	0.77
	Including	101.05	122.05	21.00	0.33	0.84	3.04	0.017	1.10
	HYP	143.05	248.41	105.36	0.19	0.35	1.53	0.009	0.52
DDH21-21	n/a	No significant intervals
DDH21-22	SUP	13.72	118	104.28	0.19	0.16	0.92	0.007	0.35

¹	CuEq Metal Prices: US$2.75/lb copper, US$1,500/oz gold, US$11/lb molybdenum, US$18/oz silver with no adjustment for metallurgical recovery.
²	Widths are core length, not true width of mineralized intersection
³	Zone refers to oxidation zone. CAP designates material from the "Leached Cap" zone, SUP to material from the "Supergene" zone, and HYP to material from the hypogene zone. Oxidation zones for holes drilled outside the main deposit area were not logged and are designated as "n/a".

Table 2: Collar data, 2021 program.

Drill Hole	Easting	Northing	Elevation (masl)	Azimuth	Inclination	Location
DDH21-01	611067	6958785	1239.2	225	-60	NE of Deposit Core
DDH21-02	611101	6958375	1286.8	195	-60	Deposit Core
DDH21-03	611222	6958506	1269.1	315	-60	E. Edge Deposit Core
DDH21-04	610941	6958341	1359.0	35	-60	Deposit Core
DDH21-05	610894	6958219	1393.1	240	-60	Deposit Core
DDH21-06	610974	6958744	1287.6	215	-60	Deposit Core
DDH21-07	611432	6958707	1177.1	170	-55	E. Edge Deposit Core
DDH21-08	611522	6958674	1168.5	60	-60	E. Edge Deposit Core
DDH21-09	611512	6958620	1161.9	100	-60	E. Edge Deposit Core
DDH21-10	611431	6958530	1165.0	220	-45	E. Edge Deposit Core
DDH21-11	610862	6958314	1371.5	240	-60	W. Edge Deposit Core
DDH21-12	611202	6959465	1323.0	335	-30	Expl. Hole N of Deposit
DDH21-13	611023	6958445	1345.5	140	-60	Deposit Core
DDH21-14	612101	6958659	1132.1	225	-60	Expl. Hole E of Deposit
DDH21-15	610852	6958652	1321.4	260	-60	NW edge, Deposit Core
DDH21-16	612351	6958250	1087.0	215	-60	Expl. Hole SE of Deposit
DDH21-17	611117	6958659	1256.5	55	-60	NE edge, Deposit Core
DDH21-18	612702	6958499	1171.7	225	-60	Expl. Hole E of Deposit
DDH21-19	613902	6954801	1041.8	315	-60	Outlying expl. Hole to SE
DDH21-20	610863	6958312	1371.1	240	-60	Twin hole of DDH21-11
DDH21-21	611707	6954702	864.7	135	-60	Outlying expl. Hole to S
DDH21-22	611432	6958530	1164.1	220	-55	Twin hole of DDH21-10

QUALIFIED PERSON

Carl Schulze , P.Geo. is the qualified person responsible for the execution of the Casino Project exploration program and the preparation of the technical information in this news release.

QA/QC protocol, including assurance of chain of custody, has been implemented. Core samples are evenly cut by rock saw, then prepared and analyzed by ALS Geochemistry. Prepared samples are initially run using a four acid digestion process and conventional multi-element ICP-AES analysis. Additional assaying for total copper and molybdenum is run using a 4-acid digestion – AES or AAS method to a 0.001% detection limit. Gold assays are run using 30-gram samples by fire assay with an AA finish to a 0.005 ppm detection limit, with samples greater than 10 ppm finished gravimetrically. The QA/QC procedure involves regular submission of Certified Analytical Standards and property-specific duplicates.

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

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. These forward-looking statements may include, but are not limited to, statements regarding perceived merit of properties; mineral reserve and resource estimates; capital expenditures; feasibility study results (including projected economic returns, operating costs, and capital costs in connection with the Casino Project); exploration results at the Company's property; budgets; permitting or other timelines; economic benefits from the mine and/or the access road; strategic plans; market price of precious and base metals; or other statements that are not statement of fact. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumptions that the circumstances surrounding the COVID-19 pandemic, although evolving, will stabilize or at least not worsen; that the extent to which COVID-19 may impact the Company, including without limitation disruptions to the mobility of Company personnel, increased labour and transportation costs, and other related impacts, will not change in a materially adverse manner; that all regulatory approvals required to complete the Company's planned exploration and development activities will be received in a timely manner and on acceptable terms; that the Company is able to procure personnel, equipment and supplies required for its exploration and development activities in sufficient quantities and on a timely basis; and 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; COVID-19 risks to employee health and safety and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak; 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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WESTERN COPPER AND GOLD EXTENDS TECHNICAL COLLABORATION WITH RIO TINTO

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce an extension and revision of its Investor Rights Agreement ("IRA") with Rio Tinto Canada Inc. ("Rio Tinto").

As part of a revised IRA, Rio Tinto will continue to hold a seat on the Casino Technical and Sustainability Committee ("TSC"), along with one representative from Mitsubishi Materials and three from Western, to promote ongoing technical collaboration. Rio Tinto's existing standstill and trading restrictions, along with certain other obligations, will remain in effect, while the previous board observer right and potential board seat rights have been extinguished. The revised IRA will expire on the earlier of November 30, 2026 , or when Rio Tinto's ownership falls below 5%.

"We are pleased to maintain Rio Tinto's presence on the TSC as it has been mutually beneficial to both Western and Rio Tinto," said Sandeep Singh , President and CEO. "Rio Tinto remains a supportive shareholder, and we value the expertise they bring to bear on the project. It did make sense, however, to refine some of the previous rights, especially as we have taken steps to enhance our own independent board of directors over 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
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the ongoing rights and obligations of Rio Tinto and the progression of the Casino Project.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

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WESTERN COPPER ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS FROM ANNUAL SHAREHOLDERS' MEETING

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces the voting results from the Company's Annual General Meeting ("AGM") held on June 12, 2025.

A total of 99,165,184 common shares were represented at the AGM, accounting for 49.58% of the votes attached to all outstanding common shares as of the record date. Detailed results of the vote for the election of directors and the appointment of the auditor are set out below.

Voting results for the election of each of the directors are as follows:

Director	Votes For	% For	Votes Withheld	% Withheld
Raymond Threlkeld	83,398,357	97.66 %	1,998,747	2.34 %
Sandeep Singh	85,272,115	99.85 %	124,989	0.15 %
Robert Chausse	85,009,906	99.55 %	387,198	0.45 %
Michael Vitton	61,999,900	72.60 %	23,397,204	27.40 %
Klaus Zeitler	82,509,179	96.62 %	2,887,925	3.38 %
Pamela O'Hara	85,215,910	99.79 %	181,194	0.21 %

Voting results for the appointment of PricewaterhouseCoopers LLP as the auditor are as follows:

Votes For	% For	Votes Withheld	% Withheld
98,940,364	99.77 %	224,820	0.23 %

The Company's report of voting results will be available on SEDAR ( www.sedar.com ), EDGAR ( www.sec.gov/edgar.shtml ), and on the Company's website.

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
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the anticipated advancement of the Casino Project, the continued support and involvement of Mitsubishi Materials, and the potential benefits of the extended investor rights agreement.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

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WESTERN COPPER FORMALLY EXTENDS INVESTOR RIGHTS AGREEMENT WITH MITSUBISHI MATERIALS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that Mitsubishi Materials Corporation ("Mitsubishi Materials") has completed the precondition for the previously announced extension of their investor rights agreement.

Mitsubishi Materials acquired two million common shares of the Company through open market purchases, taking their overall ownership to approximately 5%. Consequently, the investor rights agreement between the two groups has now been extended to May 30, 2026 , in accordance with the amended terms announced on April 15, 2025 .

"We are extremely pleased to maintain, and enhance, our relationship with Mitsubishi Materials." said Sandeep Singh , President and CEO. "They remain an incredibly supportive shareholder, and we value their expertise as we advance the Casino Project."

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
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the anticipated advancement of the Casino Project, the continued support and involvement of Mitsubishi Materials, and the potential benefits of the extended investor rights agreement.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-formally-extends-investor-rights-agreement-with-mitsubishi-materials-302466858.html

SOURCE western copper and gold corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/28/c7490.html

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WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce further progress on its board renewal process.

In connection with the upcoming Annual General Meeting ("AGM"), Dr. Bill Williams will retire from his last remaining board position, and Tara Christie will not stand for re-election in order to focus on her existing executive priorities. Western is pleased to announce the nomination of Pamela O'Hara for election to the board of directors at the Company's AGM on June 12, 2025 .

Ms. O'Hara brings over 30 years of experience advancing mining and transportation infrastructure projects, as well as a deep level of expertise in the Yukon . She has been heavily involved in permitting large projects including Ekati, Voisey's Bay, Wolverine, Hope Bay , Canadian Pacific Railway, and the Port of Vancouver . A Registered Professional Biologist and Certified Sustainability (ESG) Practitioner, Ms. O'Hara is known for delivering innovative, community-focused projects and successfully navigating regulatory environments. Ms. O'Hara holds a B.Sc. in Biology and Oceanography from the University of British Columbia and an M.Sc. in Environment and Management from Royal Roads University.

"On behalf of the Board, I would like to sincerely thank Bill for his many contributions to Western over the years and wish him all the best in his retirement," said Sandeep Singh , President and CEO. "We also thank Tara for her years of dedicated service and support to Western. Looking ahead, as we advance the Casino Project through environmental assessment and permitting, Pamela's proven ability to navigate regulatory processes and deliver major projects will be a significant asset to the board of directors and the broader team."

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
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

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WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH MITSUBISHI MATERIALS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has strengthened its relationship with Mitsubishi Materials Corporation ("Mitsubishi Materials").

Western has entered into an amended and restated investor rights agreement (the "Agreement") with Mitsubishi Materials, most notably extending the rights and obligations thereunder until May 30, 2026 , subject to Mitsubishi Materials acquiring 2 million common shares of the Company through open market purchases. These purchases will be non-dilutive to existing shareholders, as no new shares will be issued by the Company. Upon completion, Mitsubishi Materials' equity ownership in Western is expected to return to approximately 5%.

"Mitsubishi Materials have been a supportive partner, and we are pleased to see them grow their ownership in Western," said Sandeep Singh , President and CEO. "Their continued support through this proposed new investment, made through non-dilutive, open market purchases, is another vote of confidence in the team and the Casino Project. The corresponding extension of rights reflects the productive and aligned relationship we've built, and we look forward to continuing to collaborate as we advance one of Canada's most important critical minerals projects."

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
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding Mitsubishi Materials acquiring additional common shares of the Company.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-strengthens-strategic-partnership-with-mitsubishi-materials-302428507.html

SOURCE western copper and gold corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/15/c9765.html

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Textured copper ribbons weave over a black background.

Copper Market Hit by Major Supply Squeeze as LME Inventories Drop

One of the sharpest copper supply crunches in recent memory is rattling global commodities markets, as inventories at the London Metal Exchange (LME) plummet and the spot price soars.

Bloomberg reported that as of Monday (June 23), copper for immediate delivery was trading at a premium of US$345 per metric ton over three month futures, the widest spread since a record squeeze in 2021.

That dramatic price divergence reflects the market’s acute concerns over access to physical copper, with readily available inventories on the LME falling by around 80 percent this year alone.

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Many copper bobbins and warehouse copper pipes.

Top 10 Copper-producing Companies

Copper miners with productive assets have much to gain as supply and demand tighten.

In May 2024, the copper price hit a new all-time high of US$10,954 per metric ton (MT) on the London Metal Exchange and US$5.20 per pound on the COMEX on the back of increasing demand and growing supply concerns.

Copper is one of the most important resources for the energy transition. However, in recent years, demand for the red metal has outpaced mining supply. While construction and electrical grids have long been major markets for copper, today the rise in demand for electric vehicles, EV charging infrastructure and energy storage applications are emerging drivers of copper consumption.

Another trend driving future copper demand is the rapid urbanization in the Global South, as rural populations migrate to cities, putting pressure on electricity grids.

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Mining Execs Call for Clarity as Canada Eyes Faster Permitting Timelines for Critical Minerals Projects

Faster permitting timelines for critical minerals projects could be a welcome game changer for junior mining and resource development companies, but clarity will be key to any meaningful reforms.

This was the sentiment among executives from junior mining companies in a recent panel discussion on Bill C-5, the Canadian government’s new major projects bill that will essentially fast track permitting for “national-interest” projects, including those essential to the country's critical minerals strategy.

The bill proposes the establishment of a Major Projects Office meant to be the single permitting agency for qualified projects that will cut permitting timelines from the typical five years down to two years.

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WESTERN COPPER AND GOLD ANNOUNCES CASINO COPPER-GOLD PROJECT DRILLING RESULTS

Western Copper and Gold Investor Kit

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Overview

Company Highlights

Key Project

Casino Project

Management Team

Dr. Paul West-Sells - President

Bill Williams – Interim Chairman

Sandeep Singh - Chief Executive Officer

Varun Prasad - CFO

Cameron Brown - Special Technical Advisor

Shena Shaw - VP, Environmental and Community Affairs

Dr. Klaus Zeitler - Director

Tara Christie - Director

Michael Vitton - Director

Frequently Asked Questions

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What separates Western Copper and Gold from the rest of the field?

What is Western Copper and Gold's sustainability strategy?

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