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Western Copper and GOLD Announces Completion of Leadership Transition

Management Changes

WESTERN COPPER AND GOLD ANNOUNCES COMPLETION

OF LEADERSHIP TRANSITION

VANCOUVER, BC

,

Jan. 2, 2025

/CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE

American: WRN) has completed its previously announced management succession process. Dr.

Paul West-Sells'

role as President of

the Company concluded on

December 31, 2024

, and Mr.

Sandeep Singh

has assumed the role of President alongside his existing

responsibilities as Chief Executive Officer.

"I want to thank Paul for his many contributions towards advancing

Casino

into a globally significant project. We wish him the very

best in his future endeavors." said

Sandeep Singh

, President & CEO. "Over the course of 2024, we recruited several high caliber

professionals to the senior management team and to the Board of Directors. Those additions, together with the strength and

dedication of our

Yukon

-led projects team, have positioned us for success. We look forward to an exciting 2025 for the

Casino

project."

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.

The Company is committed to working collaboratively with our First Nations and local communities to progress the

Casino

project,

using internationally recognized responsible mining technologies and practices.

For more information, visit

www.westerncopperandgold.com

.

On behalf of the board,

"Sandeep Singh"

Sandeep Singh

President and Chief Executive Officer

Western Copper and Gold Corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking

statements") within the meaning of applicable Canadian and

United States

securities legislation including the United States Private

Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-

looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans",

"projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations

thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or

the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding

the successful transition of leadership roles, the anticipated contributions of the senior management team and Board of Directors,

the continued advancement of the

Casino

project, and the Company's expectations for 2025.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be

materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of

unforeseen challenges in advancing the

Casino

project, potential impacts on operational continuity, changes in general market

conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual

information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to

the

smooth transition of leadership roles, the successful integration of new senior management and Board members, the continued

advancement of the

Casino

project according to established timelines, stable market and regulatory conditions, and such other

assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently

completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those

contained in forward-looking statements, other factors may cause results to be materially different from those anticipated,

described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of

this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future

events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on

forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking

statements other than as required by applicable law.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/western-copper-and-gold-announces-completion-of-leadership-transition-302341535.html

SOURCE

Western Copper and Gold Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/January2025/02/c2012.html

%SEDAR: 00023684E

CO: Western Copper and Gold Corporation

CNW 16:30e 02-JAN-25