Federal and Territorial Governments Announce Funding FOR Casino Access ROAD
TSX: WRN
NYSE American: WRN
NEWS RELEASE
September 5, 2017 Release 04-2017
FEDERAL AND TERRITORIAL GOVERNMENTS ANNOUNCE
FUNDING FOR CASINO ACCESS ROAD
VANCOUVER, B.C. Western Copper and Gold Corporation ( “Western” or the “Company”) (TSX : WRN ;
NYSE American: WRN) is pleased to announce that complete funding for upgrading the initial 82 km of the
existing access road to standards required for the Casino Project and 30% funding for the additional 126
km of new access road to the Casino site has been secured through commitments from the Yukon Territorial
Government and Federal Government to fund the Yukon Resource Gateway Application (“Funding
Approval”).
The Right Honourable Justin Trudeau, Prime Minister of Canada made the announcement along with Yukon
Premier Sandy Silver at a formal press conference in Whitehorse, Yukon on September 2 nd. They were
joined by Paul West -Sells, Western’s President and CEO, First Nations Chiefs and other industry and
government representatives. The details of the joint government announcement can be found here:
http://www.gov.yk.ca/news/17-177.html
PRESIDENT’S MESSAGE
“This Funding Approval is a significant commitment from both the Territorial and Federal Governments. I
look forward to working with these Governments and First Nation Governments to finalize agreements to
build the road.” said Paul West-Sells, Western’s President and CEO, “Construction of this road will provide
jobs and business opportunities to the communities and First Nations in the short term, and will provide
much needed infrastructure to the Casino Project that will provide significant benefit to these communities,
First Nations, and the Yukon in general for the long term.
Since 2006, we have been working with the Federal, Territorial and First Nations Governments and top
environmental consultants to ensure that the planned road leading into the Casino site will have the lowest
possible environmental impact and will ensure maximum benefit for local communities and First Nations.
While the people of Yukon are the true beneficiaries from this Funding Approval , shifting the roadwor k
commitments to the Government will also reduce the capital expenditure for Casino.”
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.
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,
Manager, Corporate Development and Community
604.638.2520 or [email protected]
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward -looking statements concerning anticipated developments in
Western’s operations 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”). Certain forward looking
information should also be considered future-oriented financial information (“FOFI”) as that term is defined
in NI 51 -102. The purpose of disclosing FOFI is to provide a general overview of management’s
expectations regarding the anticipated results of operations and capital expenditures and readers are
cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently,
but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”,
“potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”,
“could” or “should” occur or be achieved. These forward-looking statements may include, but are not limited
to, statements regarding perceived merit of properties; mineral reserve and resource estimates; capital
expenditures; feasibility study results (includi ng projected economic returns, operating costs, and capital
costs in connection with the Casino Project); exploration results at the Co mpany’s property; budgets;
permitting or other timelines; economic benefits from the mine and/or the access road; strategic plans;
market price of precious and base metals; or other statements that are not statement of fact. The material
factors or assumptions used to develop forward-looking statements include prevailing and projected market
prices and foreign exchange rates , exploration estimates and results, continued availability of capital and
financing, construction and operations, the Company 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, and in the AIF and Form 40-F.
Forward-looking statements are statements about the future and are inherently uncertain, and actual
results, performance or achievements of Western and its subsidiaries 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
estimated economic return; risks related to joint venture operations; risks related to cooperation of
government agencies and First Nations in the development of t he 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; and other risks and uncertainties discl osed in Western’s AIF and Form 4 0-
F, and other information released by Western and filed with the applicable regulatory agencies.
Western’s forward-looking statements are based on the beliefs, expectations and opinions of management
on the date the statements are made, and Western does not assume, and expressly disclaims, 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.