History

Western Copper Corporation (“Western Copper and Gold”) started trading on May 15, 2006 on the Toronto Stock Exchange (WRN).

On November 30, 2006, Western Copper acquired Lumina Resources Corporation (“Lumina”) and gained three copper and precious metal properties: Casino, Yukon Territory; the Island Copper Project (Hushamu), British Columbia; and Redstone, Northwest Territories. Western Copper issued 21,301,442 common shares to Lumina shareholders as they received one common share of Western Copper Corporation for each Lumina common share held at that date.

1 share of Western Copper Corporation = 1 share of Lumina Resources Corporation

Western Copper started trading on February 9, 2011 on the New York Stock Exchange (“NYSE American”) under trading symbol WRN.

In October 2011, Western Copper spun off two new companies – Copper North Mining Corporation (TSX-V: COL), which took control of the Carmacks Copper project and the Redstone deposit in the Northwest Territories, and NorthIsle Copper and Gold Incorporated (TSX-V: NCX) , which took control of the Island Copper Project in British Columbia. At this time, Western Copper Corporation also changed its name from Western Copper Corporation to Western Copper and Gold Corporation. Western Copper and Gold Corporation continues to trade under the same symbol (WRN) on both the Toronto Stock Exchange and the New York Stock Exchange.

1 share of Western Copper Corporation = 1 share of Western Copper and Gold Corporation + 0.5 share of Copper North Mining Corp. + 0.5 share of NorthIsle Copper and Gold Inc.

Predecessor

Western Copper Holdings Ltd. was established in 1984.

In October 1996, Western Copper Holdings merged with Thermal Exploration Ltd. in order to consolidate ownership of the Carmacks Copper Project. Thermal shareholders received one Western Copper Holdings share for each five shares held of Thermal. In addition, Thermal’s non-Carmacks Copper Project assets were spun out to a new company, Pacific Cascade Resources Corp. and Thermal shareholders also received one share of Pacific Cascade for each five of Thermal.

5 shares of Thermal = 1 share of Western Copper Holdings + 1 share of Pacific Cascade

Western Copper Holdings Ltd. changed its name to Western Silver Corporation in 2003.

In May 2006, Glamis Gold Ltd. purchased Western Silver Corporation and spun off a separate company named Western Copper Corporation. Western Copper issued 49,246,413 common shares to Western Silver, representing one Western Copper common share for each Western Silver common share issued and outstanding. Western Silver shareholders then exchanged each of their Western Silver common shares for one common share of Western Copper and 0.688 of a Glamis common share. Western Copper Corporation retained the rights to the Carmacks Copper Project and the Sierra Almoloya property in Mexico.

1 share of Western Silver = 1 share of Western Copper + 0.688 share of Glamis Gold