White Gold Corp. Launches Spin-Out of W2 Critical Minerals Corp.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, ON / ACCESS Newswire / May 5, 2026 / White Gold Corp. (TSX.V:WGO)(OTCQX:WHGOF)(FRA:29W) ("White Gold" or the "Company") is pleased to announce that further to its press release dated February 11, 2026, the Company has entered into an arrangement agreement (the "Arrangement Agreement") with W2 Critical Minerals Corp. ("Spinco"), a wholly owned subsidiary of the Company. The Spin-Out is designed to unlock the value of White Gold's non-gold project portfolio by transferring its portfolio of copper, molybdenum, tungsten and other critical mineral properties located in west-central Yukon (the "Critical Mineral Assets") into a dedicated, standalone vehicle, and spin-out the common shares of Spinco (the "Spinco Shares") to the Company's shareholders ("Shareholders") on the basis of one Spinco Share for every five White Gold Corp. shares held (as defined below), through a plan of arrangement under the Business Corporations Act (Ontario) (the "Spin-Out").