Whitehorse Gold Corp. provided an update on the acquisition of a private Bolivian mining company which holds a 100% interest in the San Florencio Property located in the La Paz Department, Bolivia (the "SF Tin Company"), further to its news release of August 25, 2022. The San Florencio Property has been subjected to various degree and scale of historic mining, and was explored and drilled by Rio Tinto in 1999.

The San Florencio Property has a tin-zinc-silver-lead polymetallic mineral property, or ATE (Temporary Special Authorization) in Bolivia. Whitehorse Gold has paid USD 1,100,000 (including USD 100,000 for the initial drilling program) to acquire a 100% interest in the SF Tin Company. On the first anniversary of the signing of the agreement, Whitehorse Gold will pay a further USD 1,000,000.

On the second anniversary of the signing of the agreement, Whitehorse Gold will pay a further USD 900,000, plus USD 500,000 (either in cash or in Whitehorse Gold's shares, subject to the approval of the TSX Venture Exchange). A finder's fee of USD 250,000 will be paid in this transaction. Closing of the transaction is subject to the approval of the TSX Venture Exchange, and other conditions as stipulated in the Agreement.