WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF FURTHER INVESTMENT AND ENTRY INTO A NEW INVESTOR RIGHTS AGREEMENT WITH RIO TINTO

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WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF FURTHER INVESTMENT AND ENTRY INTO A NEW INVESTOR RIGHTS AGREEMENT WITH RIO TINTO /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire VANCOUVER, BC , Dec. 12, 2023 /CNW/ - 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 SOURCE Western Copper and Gold Corporation View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2023/12/c6963.html

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