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Western Copper And Gold's Warrants To Expire

VANCOUVER, Dec. 12, 2012 /PRNewswire/ - 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 24 th, 2012.

Western Copper and Gold Corp.'s warrants, currently trading under the symbol WRN.WT, will expire at 4 p.m. ( Vancouver time) on Saturday, December 22, 2012. Since December 22 is a Saturday, Western's warrant agent, Computershare Trust Company of Canada, will accept subscriptions until 4 p.m. ( Vancouver time) on Monday, December 24, 2012. The TSX will delist the warrants at the close on December 24, 2012. One warrant entitles the holder to buy one Western Copper and Gold share, one-half of a NorthIsle Copper and Gold Inc. share, and one-half of a Copper North Mining Corp. share for $3.45.

The TSX reports that all trades in the warrants completed on December 19, 2012 will be for special settlement on December 21, 2012. All trades completed on December 20 and December 21, 2012 will settle on the next business day in cash. All trades completed to 12 p.m. ( Toronto time) on December 24, 2012 will settle on the same day in cash.

Western continues to advance the Casino Project and expects to complete a Feasibility Study on the project by the end of the year.

ABOUT WESTERN COPPER AND GOLD CORPORATION

Western Copper and Gold Corporation is a Vancouver-based exploration and development company with significant copper, gold and molybdenum resources and reserves.  The Company has 100% ownership of the Casino Project located in the Yukon Territory. The Casino Project is one of the world's largest open-pit gold, copper, silver and molybdenum deposits. For more information, visit www.westerncopperandgold.com.

On behalf of the board,

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