Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Western Copper and Gold Corporation (TSX: WRN) (NYSE American: WRN) (the "Company") is pleased to announce that it has completed its previously announced bought deal public offering (the "Offering") of 22,169,125 common shares of the Company (the "Common Shares") at a price of $4.15 per Common Share for gross proceeds of $92,001,868.75, including the full exercise of the over-allotment option. The Offering was completed pursuant to an underwriting agreement dated February 12, 2026 entered into between the Company and a syndicate of underwriters led by Stifel Canada, and including ATB Capital Markets Corp., National Bank Financial Inc., Agentis Capital Markets, BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc. and H.C.