February 11, 2026
White Gold Corp. Announces Spin-Out to Create a Yukon
Focused Publicly Listed Critical Minerals Exploration
Company
TORONTO, February 11, 2026 - White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (“White Gold” or the “Company’) is pleased to announce that it has commenced procedures for a spin-out transaction (the “Spin-Out’) to create a new, Yukon-focused critical minerals exploration company (“SpinCo”). 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 into a dedicated, standalone vehicle with shares to be distributed to shareholders. Included below is an overview of the Spin-Out and properties to be transferred to SpinCo. Additional details will be provided as the procedure continues to advance.
The proposed transaction will enable the Company to focus on advancing its flagship White Gold Project which hosts four near-surface gold deposits, that collectively contain an estimated 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025), with significant expansion potential on the resource itself and in the immediately surrounding area, complimented by a substantial pipeline of gold targets across the Company's district scale property portfolio. The Spin-Out will provide shareholders with direct exposure to a significant portfolio of critical mineral exploration projects prospective for copper, molybdenum, tungsten, silver, and other strategic metals to be efficiently advanced by a dedicated team and resources.
The Spin-Out portfolio includes several large-scale critical minerals targets prospective for Copper (Cu), Molybdenum (Mo), Tungsten (W), Antimony (Sb), Zinc (Zn) and Bismuth (Bi), underlain by highly prospective geology which were identified through White Gold’s data driven exploration methodologies which have proven to be successful in the region. Key targets — including the Bridget, Isaac, and Mascot — are situated within the Dawson Range, a prolific east-southeast trending mineral belt that hosts several significant copper-gold porphyry deposits including the Casino deposit (one of the largest undeveloped copper-gold projects in Canada), the Minto Mine, and the Carmacks Project.
“Over the past several years, White Gold has systematically built one of the most comprehensive regional geochemical and geological datasets in the Yukon, which has clearly highlighted the scale and quality of several copper and critical mineral targets within our portfolio in addition to our highly prospective gold projects. Assets such as Bridget, Isaac, and Wolf exhibit the size, metal zonation, and geophysical signatures typically associated with large, fertile porphyry systems, yet remain largely untested by drilling. Spinning these assets into a dedicated vehicle allows them to be advanced more effectively with the technical focus and disciplined exploration strategy they warrant,” commented Dylan Langille, Vice President of Exploration for White Gold Corp.
White Gold Corp's CEO, David D’Onofrio stated, “The timing of this proposed spin-out aligns exceptionally well with the strong and growing support we are seeing from both the Yukon and
federal governments for the responsible development of critical minerals. Recent initiatives focused on advancing critical mineral exploration, improving infrastructure, streamlining permitting, and strengthening collaboration across Western and Northern Canada reinforce Yukon’s position as a globally desirable jurisdiction for discovery and development. By creating a dedicated critical minerals company, we believe we are positioning these assets to directly benefit from this supportive policy environment, while providing shareholders with focused exposure to commodities that are increasingly central to Canada’s long-term economic and supply chain strategies.”
SpinCo Highlights:
+ Six properties representing approximately 15% of White Gold’s current claims which includes numerous copper and strategic metals targets (Cu, Mo, W, Sb, Zn, Bi) remain largely unevaluated and undrilled, presenting significant discovery upside.
+ Highly prospective geology for copper, molybdenum, tungsten, antimony and bismuth across multiple deposit styles.
+ District-scale exploration database covering the Company’s entire land package (Figure 1), including soil geochemical samples, and geophysical testing, have outlined multiple large, high-priority critical mineral anomalies.
+ Key targets — Bridget, Isaac and Mascot — situated within the Dawson Range, a proven mineral belt hosting major copper-gold systems such as the Casino deposit, Minto Mine, and the Carmacks Project.
+ The Bridget target, the most significant, untested porphyry system in the Company’s critical mineral portfolio, is comprised of a Mo-Cu porphyry anomaly covering a 3 x 3.5 km area enriched with tungsten, bismuth and silver and is transected by two large northwest trending major crustal-scale dextral transpressional faults. An initial technical report on this property will be filed in connection with the Spin-Out.
+ Several of the Spin-Out targets include additional upside potential for antimony and bismuth as secondary metals across orogenic gold, intrusion-related, epithermal, and porphyry systems.
+ Further details on the Spin-Out transaction to be provided as the process continues to advance with a near term anticipated completion, subject to shareholder and regulatory approvals.
Spin-Out of Critical Mineral Portfolio
The Spin-Out will be completed by way of a plan of arrangement under the Business Corporations Act (Ontario) and subject to the terms and conditions of an arrangement agreement (the “Arrangement Agreement’) to be entered into between the Company and SpinCo. Completion of the Spin-Out will also be conditional on the receipt of shareholder approval, and regulatory and court approvals, including, without limitation, the approval of the TSX Venture Exchange (the “TSXV’). It is intended that SpinCo will apply to list its shares on the TSXV and such listing will be subject to SpinCo fulfilling all of the requirements of the TSXV.
Additional details relating to the Spin-Out will be provided when the Company enters into the Arrangement Agreement. They will also be included in the management information circular in respect of the shareholders’ meeting to be held to consider and approve, among other things, the Spin-Out. Copies of the management information circular and related meeting materials will also be filed with the applicable Canadian securities regulators and will be available on SEDAR+ (www.sedarplus.ca).