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VANCOUVER, British Columbia, May 17, 2021 (GLOBE NEWSWIRE) Whitehorse Gold Corp. (TSXV: WHG) (“Whitehorse Gold” or the “Company”) announces that it has closed its previously announced private placement offerings and raised aggregate gross proceeds of approximately $15.26 million. The offerings consisted of: (i) a brokered private placement offering of units (each, a “Unit”) and flow-through units (each, a “Flow-Through Unit”) for aggregate gross proceeds of approximately $13.44 million, inclusive of a partial exercise of the overallotment option (the “Brokered Offering”); and (ii) a non-brokered offering (the “Non-Brokered Offering” and together with the Brokered Offering, the “Offerings”) of Units and Flow-Through Units for aggregate gross proceeds of approximately $1.82 million. Under the Offerings, the Company issued 6,287,300 Units and 3,646,025 Flow-Through Units.

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