Western Copper and GOLD Comments ON Recent Trading Activity

TSX: WRN

NYSE MKT: WRN

1

NEWS RELEASE

January 5, 2017 Release 01-2017

WESTERN COPPER AND GOLD COMMENTS ON RECENT TRADING ACTIVITY

VANCOUVER, BC: Western Copper and Gold Corporation ( “Western” or the “Company”) (TSX:WRN; NYSE

MKT:WRN) comments on recent trading at the request of t he Investment Industry Regulatory Organization of

Canada (“IIROC”), on behalf of the Toronto Stock Exchange . The Company is not aware of any undisclosed

material change to the C ompany’s business or operations that would cause t he recent movement in Western’s

share price, and has no material change to report at this time.

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. For more information, visit www.westerncopperandgold.com.

On behalf of the board,

“Paul West-Sells”

Dr. Paul West-Sells

President & CEO

For more information, please contact:

Chris Donaldson,

Manager, Corporate Development and Investor Relations

604.638.2520 or [email protected]