Western Copper and Gold Provides Update on Drill Campaign at Casino

Press Release

July 15, 2019

VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN; NYSE American: WRN) is pleased to announce an update on the exploration program underway at the Company’s 100%-owned Casino project in Yukon, Canada.

Since the beginning of June, when Western commenced the exploration at its Casino site with 2 rigs from Yukon based Kluane Drilling Ltd., over 6,000 meters of drilling have been completed in 34 holes (see Figure 1).  This represents over 50% of the planned meters of the $3.3 million drill campaign.

The goal of the drilling campaign is to convert inferred mineralization to indicated mineralization, which would have a number of positive effects on the Casino project, including:

• Increasing the overall tonnage of indicated mineralization, which in turn increases the amount of material that potentially becomes reserves in future economic studies, thus increasing projected mine life.
• Potentially lowering the overall strip ratio, as in the January 25, 2013 Casino Project Feasibility Study (the “Feasibility Study”), inferred mineralization located in the Casino pit was considered to be waste.
• Providing more accurate quantities of ore and waste, which will allow for more detailed engineering of the tailings and mine waste facility outlined in the Best Available Tailings Technology Study (see news release dated November 5, 2018).

Once the drilling is complete and all the assays received, the drill results will be incorporated in an updated resource estimate.

Paul West-Sells, President and CEO, stated “The program has been a success so far, with drilling on schedule and spending within budget.  I look forward to releasing the drill results and the updated resource later this year.”

Technical information in this news release has been reviewed and approved by Jack McClintock, P.Eng, and a ‘Qualified Person’ as defined under Canadian National Instrument 43.101.

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.

Figure 1:  Proposed 2019 drilling plan showing progress as of July 14, 2019.  Open pit outline from Feasibility Study – 22 year pit

On behalf of the board,

“Paul West-Sells”

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

For more information, please contact:

Chris Donaldson
Director, Corporate Development
604.638.2520 or cdonaldson@westerncopperandgold.com

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