VANCOUVER,
April 19, 2012 /PRNewswire/ - 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.
Western is working on the Pre-FEED study with Yukon
Energy Corporation as they examine potential options to cost
effectively supply the Yukon with
additional energy capacity. Yukon Energy is the main generator and
transmitter of electricity in the Yukon.
The Pre-FEED study will include engineering and
market scoping studies that will form the basis of the LNG supply
chain to be used in the Casino Feasibility Study, on track to be
complete by the end of 2012.
"This is another important step for Western as we
move towards completing the feasibility study for Casino," said
Dale Corman, Chairman and CEO of
Western. "A definitive plan for power is critical to moving Casino
forward and I'm looking forward to seeing great progress in our
plans as we work together with Yukon Energy and other energy
companies."
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,
"Dale Corman"
F. Dale Corman
Chairman & CEO
Cautionary Disclaimer Regarding Forward-Looking
Statements and Information
Certain of the statements and information in
this press release constitute "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward-looking information" within the
meaning of applicable Canadian securities laws.
Forward-looking statements and information generally express
predictions, expectations, beliefs, plans, projections, or
assumptions of future events or performance and do not constitute
historical fact. Forward-looking statements and information
tend to include words such as "may," "expects," "anticipates,"
"believes," "targets," "forecasts," "schedules," "goals,"
"budgets," or similar terminology. Forward-looking statements
and information herein include, but are not limited to, statements
with respect to the completion of the proposed plan of arrangement
and the expected timing and structure thereof; anticipated listings
and trading and the expected timing thereof; anticipated regulatory
approvals; and resource and reserve estimates. All
forward-looking statements and information are based on Western
Copper and Gold's or its consultants' current beliefs as well as
various assumptions made by and information currently available to
them. These assumptions include, without limitation that
regulatory approvals to the proposed plan of arrangement and
proposed listings will be obtained in a timely manner, that
regulatory approvals will be available on acceptable terms and
assumptions made in the Company's technical report(s) disclosing
resources and reserves. Although management considers these
assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect.
Forward-looking statements and information are inherently subject
to significant business, economic, and competitive uncertainties
and contingencies and are subject to important risk factors and
uncertainties, both known and unknown, that are beyond Western
Copper and Gold's ability to control or predict. Actual
results and future events could differ materially from those
anticipated in forward-looking statements and information.
Examples of potential risks are set forth in Western Copper and
Gold's annual report most recently filed with the U.S. Securities
and Exchange Commission and the Canadian Securities Administrators
as of the date of this press release. Accordingly, readers
should not place undue reliance on forward-looking statements or
information. Western Copper and Gold expressly disclaims any
intention or obligation to update or revise any forward-looking
statements and information whether as a result of new information,
future events or otherwise, except as otherwise required by
applicable securities legislation.
SOURCE Western Copper and Gold Corporation
