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Western Copper and GOLD Files Feasibility Study ON Casino Project

Economic Studies

WESTERN COPPER AND GOLD FILES

FEASIBILITY STUDY ON CASINO PROJECT

VANCOUVER, BC

,

Aug. 9, 2022

/CNW/ - Western Copper and Gold Corporation (the "Company")

(TSX: WRN) (NYSE American: WRN) is pleased to announce that it has filed a technical report titled

"Casino Project, Form NI 43-101F1 Technical Report Feasibility,

Yukon, Canada

" with an effective

date of

June 13, 2022

(the "Report").

The Report summarizes the results of a feasibility study on the Casino copper-gold project, which

results were first reported by the Company in a news release dated

June 28, 2022

.

The Report is available on SEDAR (

www.sedar.com

) and EDGAR (

www.sec.gov/edgar.shtml

) and

is also posted on the Company's website (

www.westerncopperandgold.com

).

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

.

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.

On behalf of the board,

"Paul West-Sells"

Dr.

Paul West-Sells

President and CEO

Western Copper and Gold Corporation

SOURCE

Western Copper and Gold Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/August2022/09/c1575.html

%SEDAR: 00023684E

For further information:

Sandy Noyes, Director, Investor Relations, 604.638.2520 or

[email protected]

CO: Western Copper and Gold Corporation

CNW 07:00e 09-AUG-22