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WRN.TO ·

Western Copper and GOLD Files Form 40-F and Annual Filings

Financials

WESTERN COPPER AND GOLD FILES FORM

40-F AND ANNUAL FILINGS

VANCOUVER, BC

,

March 23, 2023

/CNW/ - Western Copper and Gold Corporation ("Western" or

the "Company") (TSX: WRN) (NYSE American: WRN) has filed its Annual Report on Form 40-F for

the year ended

December 31, 2022

with the U.S. Securities and Exchange Commission (the "SEC").

The Company filed Form 40-F for the year ended

December 31, 2022

with the SEC on

March 23,

2023

. The Form 40-F includes Western's Annual Information Form ("AIF"), audited consolidated

financial statements and management's discussion and analysis ("MD&A"). The Form 40-F is

available for viewing and retrieval through EDGAR at

www.sec.gov/edgar.shtml

.

The Company has also filed its AIF, audited consolidated financial statements, and MD&A for the

year ended

December 31, 2022

with the appropriate Canadian regulatory bodies. These filings are

available for viewing on SEDAR at

www.sedar.com

.

The filings described above are also available on the Company's website:

westerncopperandgold.com/investors/forms

. Western will also provide a copy of the filings to any

shareholder, without charge, upon request. Requests may be made by email, telephone, or regular

mail.

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,

"Paul West-Sells"

Dr. Paul West-Sells

President and CEO

Western Copper and Gold Corporation

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"). 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. In making the forward-looking statements herein, the Company has

applied certain material assumptions including, but not limited to, the assumption that general

business conditions will not change in a materially adverse manner.

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 the 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 disclosed in Western's AIF and Form

40-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.

SOURCE

Western Copper and Gold Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/March2023/23/c4875.html

%SEDAR: 00023684E

For further information:

Sandy Noyes, Director, Investor Relations, 604.638.2520 or

[email protected]

CO: Western Copper and Gold Corporation

CNW 19:15e 23-MAR-23