Western Copper and Gold Completes Acquisition of Canadian Creek Property From Cariboo Rose

Press Release

VANCOUVER, B.C.: Cariboo Rose Resources Ltd. (TSX-V: CRB) (“Cariboo Rose”) and Casino Mining Corp. (“Casino Mining”), a wholly owned subsidiary of Western Copper and Gold Corp. (TSX: WRN, NYSE MKT:WRN) (“Western”) are pleased to announce that they have completed the transaction contemplated under the property purchase agreement dated July 29, 2019 between the companies (the “Purchase Agreement”) previously announced on July 30, 2019.

Pursuant to the Purchase Agreement, Casino Mining acquired the 311 mineral claims that comprise the Canadian Creek Property (the “Property”) from Cariboo Rose. The Property is strategically positioned between the Casino Project (“Casino”) and Newmont Goldcorp’s Coffee Project The acquisition secures critical ground immediately adjacent to Casino, and there is likelihood that the Casino deposit will extend into the Property.

The total consideration paid for the Property consists of 3 million common shares of Western (the “Shares”) at a deemed price of C$0.928 per Share to Cariboo Rose. The Shares are subject to a hold period and as such may not be traded until December 29, 2019.

For more information, contact:

Cariboo Rose Resources Ltd.

Bill Morton
President and CEO
Telephone: 604-681-7913
Toll Free: 888-656-6611

Western Copper and Gold Corporation

Chris Donaldson
Director, Corporate Development
Telephone: 604-638-2520
Toll Free: 888-966-9995

About Cariboo Rose Resources Ltd.
Cariboo Rose is a well-funded prospect generating mineral exploration company with five precious and base metal exploration projects in BC. Cariboo Rose trades on the TSX Venture Exchange under the symbol “CRB”. For more information please visit Cariboo Rose’s website at www.cariboorose.com.

About Western Copper and Gold Corporation
Western is developing the Casino Project, Canada’s premier Copper-Gold mine in the Yukon. For more information, visit www.westerncopperandgold.com.

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