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.

SOURCE Western Copper and Gold Corporation

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Western Copper and Gold TSX:WRN Copper Investing

WRN:CA

WESTERN COPPER AND GOLD APPOINTS RAYMOND THRELKELD AS CHAIRMAN

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce the appointment of Mr. Raymond Threlkeld as Chairman of the Board. Mr. Threlkeld, who joined the Board on June 27, 2024 succeeds Dr. Bill Williams who served as Interim Chairman since February 22, 2024 . Dr. Williams will continue to serve on the Board as a director.

"I am pleased with the progress made during my tenure as Interim Chairman," said Bill Williams . "With Ray's extensive background in project development, construction, and executive management, I am confident he is the right person to lead the Board moving forward".

"I am excited to step into the role of Chairman and to lead the Board during this pivotal time for Western," said Raymond Threlkeld . "I look forward to collaborating with my fellow directors and management to unlock the full potential of 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
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 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"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. 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: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

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.

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WESTERN COPPER AND GOLD PROVIDES PROJECT UPDATE

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) through its wholly-owned subsidiary, Casino Mining Corporation (" Casino ") has submitted to the Yukon Environmental and Socio-Economic Assessment Board ("YESAB") Executive Committee an updated and refined schedule for submission of the Environmental and Socio-economic Effects Statement ("ESE Statement") for the Casino Mine Project. The ESE Statement will form the basis for the Company's assessment application for the Panel Review and will include all the material outlined in the Revised ESE Statement Guidelines issued on September 12, 2023 .

In the schedule, Casino indicates that it plans to submit the ESE Statement in or around July 2025 , which is an update from the previously estimated submission date of the second half of 2024. Ongoing detailed review of the guidelines during the winter of 2023, followed by updated work planning and schedule mapping of our technical consultants, in conjunction with further conversations and development of engagement plans with First Nations, have led to have a clearer picture of the level of effort and associated timelines to produce our ESE Statement.

"Western is committed to ensuring a robust review of the Casino project, as the first and only project in the Yukon going through the highest level of review and relying on the most up to date methodologies in environmental assessment." stated Sandeep Singh , Chief Executive Officer. "It was paramount to me when I joined that I became comfortable with our permitting plan before launching into the panel review process and that we were well funded to navigate the assessment process successfully.

We look forward to compiling all the hard work and proper science that has already gone into the project and moving steadily towards submission. We also continue to closely monitor the situation in the Yukon following the Eagle mine failure. The Company welcomes the proposed investigation of the failure and believe that Casino 's assessment timeline will more than allow for the incorporation of any lessons learned through that process.

We are confident that the Casino project can be a sustainable critical minerals asset for the Yukon , and can be the type of mine that helps improve the Yukon's mining legacy, to the benefit of all Yukoners."

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 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"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. 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: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

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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Global Copper Market Expected to Reach $548 Billion By 2034 as Bullish Sentiment is Projected Long Term

FinancialNewsMedia.com News Commentary - In the global copper market, the demand for copper is projected to increase in coming years. An article in Forbes said: "The world is running short of copper, and companies and countries are scrambling. This essential metal, a staple of civilization going back to the bronze age, is the lifeblood of existing energy infrastructure and cutting-edge technology. Unfortunately, it faces a projected supply shortfall by 2025 with projections showing a 20% price jump by May 2027 . Annual demand will surge to 36.6 million metric tons by 2031 up from 25.3 million in 2021." Another article in industry source, MetalMiner added : "… the world knows that although the current global copper reserves are sufficient to meet demand, extraction continues to lag behind consumption. As a result, many inside and outside the copper market fear there will be a shortage in the coming years. Predictions say that the annual global demand for copper will increase by about 40% by 2040. There are multiple factors fueling this expected growth, including the global move toward renewable energy and sustainable transportation. Given this current environment, any developments around copper and its mining remain guaranteed to hit the headlines." Active Companies mentioned in the article includes: Brixton Metals Corporation (OTCQB: BBBXF) (TSX-V: BBB), BHP Group Limited (NYSE: BHP), Ivanhoe Electric Inc. (NYSE: IE) (TSX: IE), western copper and gold corporation (NYSE: WRN) (TSX: WRN), Copper Fox Metals Inc. (OTCQX: CPFXF) (TSX-V: CUU).

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WESTERN COPPER AND GOLD STRENGTHENS MANAGEMENT TEAM

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce additions to the Company's senior management team.

In early August, Michael Psihogios will be taking over the role of Chief Financial Officer from Varun Prasad , and Jeff Eng will be assuming the role of Vice President Projects.

Sandeep Singh , CEO of Western, stated: "We are extremely pleased to be adding two high quality professionals to the Western team. Both Michael and Jeff bring highly relevant experience and an operational mindset to their positions. Coupled with our strong Yukon based team, they will be integral to advancing the Casino project through the assessment and permitting phase.

I would like to thank Varun Prasad for his 13 years of dedicated service to the Company. Over a short period of overlap, Varun has proven to be a great partner and we wish him the best as he focuses more time on his young family and future endeavours. He will continue in his role for the next two months to assist with the CFO transition."

Mr. Psihogios is an experienced financial executive working with public, private and investment companies in the natural resource industry over the past 20 years. Mr. Psihogios is currently the CFO of Atlas Salt Inc. and will transition roles over the coming months. Previously, he was the CFO of DUMAS Mining, an underground mine builder from 2016 to 2021, where he established the systems and controls for a successful business turnaround and profitable growth strategy. Prior to DUMAS Mining, Michael worked with an international natural resource private equity fund on numerous senior executive, financial and corporate development secondment roles within portfolio companies.

Mr. Eng brings experience across a number of disciplines leading to successful project studies and the development of mining projects. Most recently he was a Project Director for Teck Resources working on the mine life extension for the Red Dog mine, among other projects. Prior, he was Director of Engineering and Interim VP Project Development for Sabina Gold and Silver during the permitting and early execution phases of the Back River project. Mr. Eng spent 13 years with AMEC in several different, and increasingly senior, roles including Site Engineering Manager for the construction of the Mount Milligan mine in BC and lead roles in numerous studies and execution projects ranging from the Jansen potash project in Saskatchewan to Snap Lake Diamond Mine in Northwest Territories .

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 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: strengthening the Company's management capabilities to better unlock the value potential of the Casino project, the remaining upside from additional resources or optimizations to the project and the expected closing of the Placement; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

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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Lobo Tiggre: Copper is My Highest-Confidence Trade for 2025 — Here's Why

Lobo Tiggre, CEO of IndependentSpeculator.com, gave the Investing News Network his updated thoughts on the US economy, as well as his outlook for gold, silver and uranium in 2025.

However, he said his highest-confidence trade for next year is copper.

"I think that it's easier to see — and highly likely to see — copper moving higher next year," Tiggre explained.

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29Metals Shares Feasibility Study and Final Investment Decision for Gossan Valley Project

29Metals (ASX:29M) has announced a feasibility study and final investment decision for the Gossan Valley project at its Golden Grove volcanic-hosted massive sulphide mine in Western Australia.

The feasibility study is an update to the 2022 version of the document. It outlines production of 4,000 tonnes of copper and 20,000 tonnes of zinc annually at Gossan Valley over an initial mine life of seven years.

CEO James Palmer said the development of Gossan Valley is the "next logical development option" when it comes to moving forward at Golden Grove, which was first discovered in 1971.

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Acquisition of High-Grade Copper Project Adjacent to White Cliff Minerals

Somerset Minerals Ltd (“Somerset” or the “Company”) (ASX:SMM) is pleased to advise that it has entered into a conditional agreement to acquire 100% of the issued capital of Sentinel Resources Pty Ltd (“Sentinel”), which, through its local subsidiary, holds the Coppermine Project (the “Project”) in Nunavut, Canada.

Importantly, the Coppermine Project hosts 1,055 km2 of the prospective Copper Creek Formation basalts, and is interpreted to include the strike extensions to White Cliff’s high priory targets of Vision, Stark, Thor and Rocket (Figure 2 & 3), with the prospectivity of the wider project area also supported by extensive surface sampling and historic exploration (Table 1). Importantly, Somerset holds the ground entirely around and along strike from White Cliff’s recently acquired Danvers prospect which contains a non-JORC or NI 43-101 resource of 4.16Mt @ 2.96% Cu.

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Lundin Mining to Divest Neves-Corvo and Zinkgruvan Operations for US$1.52 Billion

Lundin Mining (TSX:LUN,OTC Pink:LUNMF) has entered a definitive agreement to sell its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden to Boliden (STO:BOL) for up to US$1.52 billion.

The sale, announced by the company on Monday (December 9), will see Boliden acquire full ownership of Somincor, the company operating Neves-Corvo, as well as Zinkgruvan Mining Aktiebolag and its associated entities.

Lundin expects to receive upfront cash consideration of US$1.37 billion at closing, based on financial conditions as of August 31, 2024. Interest will accrue at 5 percent annually until the closing date.

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Lundin Mining Announces Sale of Neves-Corvo and Zinkgruvan for Total Consideration of up to $1.52 Billion

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announces today it has signed a definitive agreement to sell its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden to Boliden AB (OM: BOL) ("Boliden") for up to $1.52 billion in total consideration (the "Transaction"). Unless otherwise stated, all numbers are presented in United States dollars.

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Rio Tinto and Sumitomo Partner to Advance Winu Copper-Gold Project

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) has signed a term sheet with Sumitomo Metal Mining (TSE:5713) for a joint venture to advance the Winu copper-gold project in Western Australia.

The partnership, announced on Wednesday (December 4), seeks to develop both companies’ exploration initiatives.

Sumitomo will acquire a 30 percent equity stake in the Winu project for US$399 million, including an initial payment of US$195 million and US$204 million in deferred considerations tied to project milestones and other conditions.

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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

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