News Releases

VANCOUVER, BC: Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE MKT:WRN) has no comment on unusual trading activity on the NYSE MKT (the “Exchange”).

VANCOUVER, BC: Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE MKT:WRN) and its wholly owned subsidiary, Casino Mining Corporation, are pleased to announce that, further to its news release dated December 20, 2012, it has met all of the escrow conditions related to the royalty sale agreement with 8248567 Canada Limited, (the “Purchaser”) whereby the Purchaser agrees to cancel its 5% net profits interest royalty in the Casino Project and pay US$32 million in exchange for a 2.75% net smelter returns royalty in the Casino Project.

VANCOUVER, BC: Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE MKT:WRN) announces that the Company and its wholly owned subsidiary, Casino Mining Corporation, have entered into a royalty sale agreement (the “Agreement”) dated December 20, 2012 with 8248567 Canada Limited, an arm’s length purchaser, (the “Purchaser”) whereby the Purchaser agrees to cancel its 5% net profits interest royalty in the Casino Project and pay US$32 million in exchange for a 2.75% net smelter returns royalty in the Casino Project (the “Transaction”).

VANCOUVER, BC: Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE MKT:WRN) announces that its publically traded warrants will expire and delist from the TSX on December 24th, 2012.

VANCOUVER, BC: Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE MKT:WRN) is pleased to announce that it has closed the non-brokered private placement for 500,000 flow-through common shares announced on September 25

VANCOUVER, BC: Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE MKT:WRN) is pleased to announce that it is conducting a non-brokered private placement for 500,000 flow-through common shares involving certain insiders of the Company at a price of $0.80 per share for gross proceeds of $400,000.

VANCOUVER, BC: Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE MKT:WRN) announces that Mr. Ian Watson has tendered his resignation to the Board of Directors so that he may focus on other endeavors. Ian will remain as an Advisor to the Company.

VANCOUVER, BC: Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE MKT:WRN) is pleased to provide an update on the progress being made at its Casino Project located in the Yukon Territory.

VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE Amex:WRN) is pleased to announce that it has initiated a preliminary front end engineering and design (“Pre-FEED”) study to evaluate technology options for a liquefied natural gas (“LNG”) process facility to be located at or near the Fort Nelson Gas Plant, which is about 20 km south of the town of Fort Nelson, BC, beside the Alaska Highway.

VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE Amex:WRN) made its annual filings for the year ended December 31, 2011 with United States and Canadian regulators on March 26, 2012.

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

VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE Amex:WRN) is pleased to announce the initiation of a bankable feasibility study (“Feasibility Study”) for the Casino Deposit (“Casino”), located in Yukon, Canada.