🕐15.04.13 - 08:54 Uhr

WCG GOLD PROJECT TO HAVE MAJOR IMPACT ON YUKONS ECONOMY



WESTERN COPPER AND GOLD’S CASINO PROJECT
TO HAVE SIGNIFICANT IMPACT ON YUKON’S ECONOMY

VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN;
NYSE MKT:WRN) is pleased to announce the results of an updated study on the potential economic
impact of the Casino project on Yukon and Canada recently completed by MNP LLP (the “Report”).

The report incorporates the results from the Casino Feasibility Study dated January 25, 2013.

The report highlights the impressive cumulative economic effect that developing Casino will have on
Yukon and Canada during the project’s construction and operation.

The Casino project is estimated to
contribute $9.7 billion to Canada’s Gross Domestic Product (“GDP”), create 51,373 full-time equivalent
positions (“FTE”), and generate $2.5 billion in wages and salaries.

Note that the use of full-time
equivalent positions (“FTEs”) is a method to account for partial employment or employment for different
durations and 1.0 FTE is equivalent to a full-time work for one year of employment.

The Report estimates the GDP generated in Yukon by the construction of Casino at $363 million, or
14% of Yukon’s 2011 GDP.

The construction phase is estimated to contribute $2.0 billion to Canada’s
economy while generating 22,601 FTEs resulting in $1.1 billion in wages and salaries across Canada.

During each of its 22 years of operation, the Casino mine is expected to contribute $274 million to
Yukon’s economy.

Operation of the mine is estimated to contribute $350 million to Canada’s GDP
annually while creating 1,308 FTEs and generating $61 million in wages and salaries across Canada.

The Casino project is also expected to generate $3.1 billion in taxes and royalties to various governments
during the life of mine.

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