Western Copper and Gold Provides Update on Strategic Partnership with Mitsubishi Materials

About this update from Western Copper And Gold Corporation

Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Western Copper and Gold Corporation (TSX: WRN) (NYSE American: WRN) ("Western" or the "Company") is pleased to provide an update on its ongoing strategic partnership with Mitsubishi Materials Corporation ("Mitsubishi Materials").Western and Mitsubishi Materials are in productive dialogue to extend the investor rights agreement between both parties, and hope to be able to conclude said extension in the near term. There can be no assurance that the discussions between Western and Mitsubishi Materials will result in a definitive agreement, or as to the timing or terms of any such agreement. The Company will provide further updates as appropriate."Mitsubishi Materials is a committed, highly valued, partner on the Casino Project," said Sandeep Singh, President & CEO. "We look forward to concluding our constructive discussions in the near term and along the same lines as our existing relationship."ABOUT WESTERN COPPER AND GOLD CORPORATIONWestern Copper and Gold Corporation is advancing the Casino Project, Canada's premier copper-gold mine in the Yukon 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 SinghPresident & CEOWestern Copper and Gold Corporation For more information, please contact:Cameron MageeDirector, Investor Relations & Corporate DevelopmentWestern Copper and Gold Corporation437-219-5576 or [email protected] Note Regarding Forward-Looking StatementsThis 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", "potenti...

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