Western Copper and GOLD Completes Acquisition of Canadian Creek Property from Cariboo Rose
NEWS RELEASE
August 28, 2019 Release 13-2019
WESTERN COPPER AND GOLD COMPLETES ACQUISITION OF
CANADIAN CREEK PROPERTY FROM CARIBOO ROSE
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 Goldc orp’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.
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward -looking statements concerning the Acquisition and its
anticipated effects on Cariboo Rose and Western (collectively, the “Companies”) 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”, “likelihood”
and similar expressions, or statements that events, conditions or results “will” , “would”, “may”, “could” or
“should” occur or be achieved. These forward -looking statements may include, but are not limited to,
statements regarding perceived merit of the Canadian Creek Property and Ca sino Project; permitting or
other timelines; economic benefits from the mine and/or the access road; strategic plans; or other
statements that are not statement s of fact. The material factors or assumptions used to develop forward -
looking statements includ e the assumption that the conditions precedent to completion of the Acquisition
(including receipt of all necessary regulatory approvals) will be satisfied in a timely manner, prevailing and
projected market prices and foreign exchange rates, exploration e stimates and results, continued
availability of capital and financing, construction and operations, Western 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.
Forward-looking statements are statements about the future and are inherently uncertain, and actual
results, performance 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 estim ated 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.
The forward-looking statements herein are based on the beliefs, expectations and opinions of management
of the Companies on the date the statements are made, and Western does not assume, and the Companies
expressly disclaim, 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.