Late Cretaceous

• TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce the commencement of its maiden diamond drilling program at the Cali target on the Nolan property, in the White Gold District, situated in the west-central region of the Yukon, Canada (Figure 1).
• Cam Norton, Exploration Manager for White Gold states, “The maiden diamond drilling of the Cali target represents an exciting opportunity for White Gold.
• The property hosts several identified gold exploration targets including the Cali, Nine, Nine Southeast, Boucher and Mount Hart targets.
• The Cali target located in the north-central part of the property lies directly on or adjacent to the Sixtymile-Pika Fault, as do several other gold occurrences (e.g.

• And perhaps more importantly, how and when did they reach the isolated continent of Australia?
• Until recently we had very little idea when butterflies evolved, and hypotheses concerning their place of origin were largely educated guesses.
• In recent years, however, several studies have indicated butterflies most likely arose sometime during the Cretaceous period, when dinosaurs dominated the Earth.

A 100-million-year history

• To reach this conclusion, researchers from dozens of countries needed to construct the world’s largest “family tree” of butterfly species.
• This tree of life was assembled with DNA from 2,244 species representing all butterfly families and 92% of genera.
• There are roughly 19,000 butterfly species in the world, and piecing together the 100-million-year history of the group required assembling the world’s largest dataset of butterfly DNA sequences, geographical distributions and larval host plants.

North American origins

• According to this latest research, butterflies first appeared somewhere in Central and western North America.
• North and South America had not yet joined via the isthmus of Panama, but butterflies seem to have had little difficulty crossing the water gap into the Southern Hemisphere.
• From there, many groups not only moved back into North America, but they also dispersed to Australia via Antarctica.

The path to Australia – and the rest of the world

• To reach Australia, butterflies must have once lived in Antarctica in the Late Cretaceous and Early Paleogene periods when global temperatures were considerably warmer than today.
• They would have made their way across the continent to Australia before the two landmasses separated some 34 million years ago.
• Other groups of butterflies entered Australia much later via the islands of South-East Asia.

• 2023 will be an exciting year for the company as we bring a spectrum of new porphyry, polymetallic, and structurally-controlled gold targets to the drill testing stage."
• During 2022, GoldHaven's technical team completed a fieldwork campaign including geological mapping, soil sampling, stream sediment sampling and prospecting/rock sampling.
• One of the objectives for the company is to drill test some of the new target areas in Q3-Q4 of 2023.
• GoldHaven also contracted Eagle Mapping to conduct a Light Detection and Ranging "LiDAR" survey for the Smoke Mountain Land position (Figure 2A).

• The Betty property is strategically located on the eastern extension of the Coffee Creek Fault, which hosts Newmont’s Coffee deposit.
• The 2022 diamond drilling and RC drilling was designed to further evaluate the Betty Ford target to determine the extent and continuity of mineralization.
• The property hosts several early-stage exploration targets including the Betty Ford, Betty White, Betty Grable, Betty Black and Mascot targets.
• These areas include the Betty Ford, Betty White, Betty Grable and Mascot zones.