| WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF FURTHER INVESTMENT AND ENTRY INTO A NEW INVESTOR RIGHTS AGREEMENT WITH RIO TINTO VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN; NYSE American: WRN) announces it has completed its previously announced C$6 million further investment by Rio Tinto Canada Inc. (“Rio Tinto”), to continue to advance the Company’s Casino Project in the Yukon. Rio Tinto acquired 3,468,208 common shares at a price of C$1.73 per share for aggregate gross proceeds of approximately C$6 million, resulting in Rio Tinto’s ownership increasing to approximately 9.7% of Western’s outstanding common shares. |
| 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 On behalf of the board, “Paul West-Sells” Dr. Paul West-Sells President and CEO Western Copper and Gold Corporation For more information, please contact: Sandy Noyes Director, Investor Relations 604.638.2520 or snoyes@westerncopperandgold.com |
