VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN;
NYSE American: WRN) is pleased to announce during the 2023 Fall Sitting of the Yukon Legislative
Assembly, the Yukon Government approved $21.4 million for investment in the Municipality of Skagway’s (or “Skagway”) redevelopment of their dock infrastructure to include a Marine Services Platform (“MSP”) to
continue to support ore export for the Yukon mining industry.
The approval of this investment follows the Yukon Government signing of a term sheet with Skagway on September 7, 2023, outlining the terms and conditions of the investment, proposing an initial 35-year preferential access to the port with an option to extend for another 15 years, as well as a significant
investment in the initial engineering of the MSP. The Yukon government is currently working towards finalizing an Export Cooperation Agreement with Skagway. see & read more on
https://www.kitco.com/pr/3501/article_12052023060118.pdf