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AURO.V ·

Whitehorse Gold Changes Fiscal Year-End

Corporate Actions

Whitehorse Gold Changes Fiscal Year-End

WHG-NR-21-03 February 01, 2021

Vancouver, British Columbia: Whitehorse Gold Corp. (“Whitehorse Gold” or the “Company”)

(TSXV: WHG) announces a change in its fiscal year-end from June 30 to December 31.

For details regarding the length and ending dates of the financial periods, including the comparative periods

of the interim and annual financial statements to be filed for the Company's transition year and its new

financial year, reference is made to the Notice of Change in Year -End pursuant to Section 4.8 of National

Instrument 51-102 Continuous Disclosure Obligations filed by the Company under its SEDAR profile.

ABOUT WHITEHORSE GOLD CORP.

Whitehorse Gold is focused on its wholly -owned Skukum Gold P roject (formerly named the Tagish Lake

Gold Project) located in the Whitehorse Mining District of the southern Yukon. The project consists of 1,051

mineral claims covering an area of 170 square kilometres and is located approximately 55 kilometres south

of Whitehorse, Yukon, in the Wheaton River Valley regi on. The project hosts the advanced-stage Skukum

Creek, Goddell and Mount Skukum high-grade gold deposits and multiple high-priority exploration targets.

The project infrastructure includes an all -weather access road, an all -weather 50- person camp,

approximately 4.8 kilometres of underground workings, an extensive surface road network and a previously

operating 300-tpd mill along with a tailings management facility and service buildings. Over 140,000 metres

of drilling was completed on the project by former operators. H istorical underground operations on the

Mount Skukum deposit from 1986 to 1988 saw a total of 233,400 tons of ore mined and processed in the

plant, recovering approximately 79,750 ounces of gold under a previous operator.

On Behalf of Whitehorse Gold Corp.

“Kevin Weston”

CEO & Director

For further information please contact:

Steve Stakiw, Vice President - Corporate Affairs

Phone: 1-604-336-5919

Email: [email protected]

www.whitehorsegold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward- looking statements and forward- looking information (collectively,

“forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation.

All statements, other than statements of historical fac t included in this news release, are forward- looking

statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Company to differ material ly from any

expressed or implied by the forward-looking statements, including the Company’s assumption that it will be

Whitehorse Gold Corp.

1750 - 1066 West Hastings Street

Vancouver, BC, Canada V6E 3X1

Telephone: (604) 336-5919

www.whitehorsegold.ca

Whitehorse Gold Corp. 2 February 01, 2021

NR-21-03 – Continued

able to complete the required upgrading and retrofitting of the Skukum Gold Project infrastructure to be fit

for the Company’s planned mining activities. Such risks and other factors include, among others: social and

economic impacts of COVID -19; actual exploration results; availability of capital and financing on

acceptable terms; general economic, market or business conditions; regulatory changes; delays in

receiving government approvals; and other risks detailed from time to time in the filings made by the

Company with securities regulators. There can be no assurance that forward-looking statements will prove

to be accurate and accordingly readers are cautioned not to place undue reliance on forward- looking

statements.

The Company undertakes no obligation to update any of the forward- looking statements in th is news

release or incorporated by reference herein, except as otherwise required by law.