Casino project

g/t Gold over m Intersected in Leached Cap

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce assay results from the exploration diamond drilling program at its wholly owned Casino Project ("Casino") located in the Yukon Territory, Canada .

The exploration program consisted of 12, m of diamond drilling in 49 holes. There were four major drilling targets (see Figure 1):  the "Gold Zone", a zone of higher-grade gold values along the southern and western margins of the Casino deposit; step-out drilling at the "Northern Porphyry Zone"; drilling in the "Casino West Zone" west of the Gold Zone; and a new target in the "Ana Zone" located 2 km west of the Casino West Zone within the Canadian Creek claim block acquired in  A full table of all drill results can be found here: thisisnl.nl

"Casino is a significant copper-gold project and these drill results continue to improve it. The drill program extended the mineralization at the Northern Porphyry discovered in and confirmed the importance of the higher-grade deposit core." said Paul West-Sells , President and CEO. "The deposit core has significantly higher grades than the rest of the deposit and they persist from a few metres below the surface to greater than m depth over a sizable area. The significance of these attributes will be clearly shown in the updated PEA, which we expect to release during Q2."

Gold Zone and Deposit Core

Drilling at the Gold Zone confirmed the higher copper and gold grades of the breccia-hosted mineralization. All 20 completed holes within the Gold Zone returned notable intervals of mineralization.

Of note is an area within the eastern Gold Zone where a cluster of angle holes, DDH, 08, 27, and 46, were drilled into the core of the Casino porphyry-copper system.  Holes DDH, 08, and 27 drilled a leached cap whose thickness is approximately m over an area of m by m (see Figure 2).  These holes confirmed gold grades that are significantly higher than the g/t gold measured and indicated heap-leach resource grade ¹ (see Figure 2).  In addition, holes DDH, 08, and 46 confirmed gold and copper grades significantly higher than the % copper and  g/t gold grades of the measured and indicated mill resource ¹ . These grades extend over m below the leached cap in the supergene and hypogene zones and cover an area of m x m .  This material would be targeted in the early years of the mill operation.

Also, higher-grade gold-silver intervals spatially related to the late-stage Patton Porphyry dykes throughout the main deposit enrich the tenor of mineralization locally within the Gold Zone.

Table 1: Significant drill intercepts from the eastern Gold Zone

Northern Porphyry

At the Northern Porphyry Zone, step-out drill holes like DDH and 44 increased the northern extent of mineralization by approximately m (Table 2).

Table 2: Significant drill intercepts from the Northern Porphyry

Casino West and Ana

Drilling at the Casino West Zone focused on the southern flank of the Canadian Creek valley. Although no significant values were returned from the farthest upslope holes, values increased progressively downslope towards Canadian Creek, reaching a maximum value of % CuEq ³ over m in DDH

The program included three holes targeting the Ana Zone, centered 4 km west of the core of the main deposit.  All returned narrow mineralized intervals ranging from % CuEq ³ over m in DDH to % CuEq ³ over m in DDH

Western will now focus on completing the Preliminary Economic Assessment announced at the end of last year, which is on target for completion in Q2 of

NOTES
¹ See news release dated July 14, .
² Widths are core length, not true width of mineralized intersection.
³ CuEq Metal Prices: US$ /lb copper, US$1, /oz gold, US$ /lb molybdenum, US$ /oz silver with no adjustment for metallurgical recovery.

Heather Seeley , thisisnl.nl is the qualified person responsible for drill results from the Casino Project exploration program and the preparation of the technical information in this news release.

QA/QC including assurance of chain of custody has been implemented. Split core samples are prepared and analyzed by ALS Chemex. Prepared samples are initially run using a four acid digestion process and conventional multi-element ICP-AES analysis. Additional assaying for total copper and molybdenum is run using a 4 acid digestion – AES or AAS method to a % detection limit.  Gold assays are run using 30 gram sample fire assay with an AA finish to a ppm detection limit, with samples greater than 10 ppm finished gravimetrically. The QA/QC procedure involves regular submission of Certified Analytical Standards and property specific duplicates.

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 thisisnl.nl .

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 and "forward looking information" as that term is defined in National Instrument ("NI ") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. 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. These forward-looking statements may include, but are not limited to, statements regarding perceived merit of properties; mineral reserve and resource estimates; capital expenditures; feasibility study results (including projected economic returns, operating costs, and capital costs in connection with the Casino Project); exploration results at the Company's property; budgets; permitting or other timelines; economic benefits from the mine and/or the access road; strategic plans; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form F.

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.

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

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