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WRN.TO ·

Western Copper and Gold Welcomes Referral of Northwest Critical Conservation Corridor to Major Projects Office

Corporate Updates

Western Copper and Gold Welcomes Referral

of Northwest Critical Conservation Corridor to

Major Projects Office

Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Western Copper and Gold

Corporation (TSX: WRN) (NYSE American: WRN) ("Western" or the "Company") welcomes

the

announcement

by Prime Minister Carney referring the Northwest Critical Conservation Corridor –

including the proposed Yukon-B.C. Grid Connect – to the Major Projects Office ("MPO") to accelerate

the development and delivery of this nation-building project.

Western welcomes the federal recognition of this corridor and its extraordinary potential to advance

critical minerals development and clean power transmission, while upholding Indigenous rights and

supporting Indigenous project leadership.

Connecting the Yukon's isolated electrical grid to the Canadian grid through B.C. could strengthen

energy security, deliver clean power across Canada's Northwest corridor, and support the responsible

development of critical minerals projects in the Yukon, including Western's Casino Project.

According to the Yukon Development Corporation's

Shared Grid / Shared Benefits

report

, the Yukon-

B.C. Grid Connect could unlock up to C$7.6 billion per year in clean economic growth, support more

than 36,000 long-term jobs, and enable up to 2,000 MW of new renewable energy. The report identifies

the Casino Project as an anchor tenant and a potential source of stable baseload demand that could

support the transmission line's economic viability.

"The federal government is clearly signaling one of its priorities: unlocking critical minerals through

nation-building infrastructure," said Sandeep Singh, President & Chief Executive Officer. "We're pleased

to see momentum building for the Yukon-B.C. Grid Connect and believe that the Casino Project can

serve as a catalyst to deliver on this Yukon and Canadian priority."

ABOUT WESTERN COPPER AND GOLD CORPORATION

Western Copper and Gold Corporation is advancing 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 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 & CEO

Western Copper and Gold Corporation

For more information, please contact:

Cameron Magee

Director, Investor Relations & Corporate Development

Western Copper and Gold Corporation

437-219-5576 or

[email protected]

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 development and delivery of the Northwest Critical Conservation Corridor and the

Yukon-B.C. Grid Connect; the potential for the corridor and Grid Connect to advance critical minerals

development and clean power transmission; the Grid Connect strengthening energy security,

delivering clean power, and supporting the responsible development of critical minerals projects;

projections regarding economic growth, job creation, and renewable energy capacity; and Casino's

potential role as an anchor tenant and source of stable baseload demand.

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, such

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/274724