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Actionable news in WRN: WESTERN COPPER AND GOLD CORPORATION,

Western Copper And Gold Corporation

The following excerpt is from the company's SEC filing.

(An exploration stage company)

Condensed Interim Consolidated Financial Statements

For the three and six months ended June 30, 2015

(Expressed in Canadian dollars)

NOTICE TO READER:

These condensed interim consolidated financial statements have not been reviewed by the Company's external auditors. These statements have been prepared by and are the responsibility of the Companys management. This notice is being provided in accordance with National Instrument 51-102 - Continuous Disclosure Obligations.

Western Copper and Gold Corporation

(Unaudited prepa red by management)

CONSOLIDATED BALANCE SHEETS

ASSETS

Cash and cash equivalents

9,032,027

7,471,834

Short-term investments

4,020,641

9,101,553

Other assets

331,507

377,999

CURRENT ASSETS

13,384,175

16,951,386

Exploration and evaluation assets

34,703,375

32,545,517

48,087,550

49,496,903

LIABILITIES

Accounts payable and accrued liabilities

772,023

1,237,771

SHAREHOLDERS EQUITY

Share capital

105,113,340

Contributed surplus

32,681,030

32,510,184

Deficit

(90,478,843

(89,364,392

47,315,527

48,259,132

LIABILITIES AND SHAREHOLDERS EQUITY

Commitments

Approved by the Board of Directors

Robert J. Gayton(signed)

Director

Kl aus Zeitler (signed)

The accompanying notes are an integral part of these financial statements

- 2 -

CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

Three Months Ended

Six Months Ended

Filing and regulatory fees

26,945

30,172

164,555

148,396

Office and administration

65,282

55,516

120,274

110,561

Professional fees

70,151

51,864

191,692

83,931

Rent and utilities

55,607

111,215

111,303

Share-based payments

59,972

80,158

117,030

168,166

Shareholder communication and travel

167,621

142,800

266,181

294,012

Wages and benefits

252,506

232,643

500,850

465,645

CORPORATE EXPENSES

698,084

648,760

1,471,797

1,382,014

Foreign exchange loss (gain)

14,748

168,467

(261,398

(54,857

Interest income

(41,202

(59,058

(95,948

(116,471

LOSS AND COMPREHENSIVE LOSS

671,630

758,169

1,114,451

1,210,686

Basic and diluted loss per share

Weighted average number of common

94,194,936

93,959,486

93,822,473

shares outstanding

- 3 -

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the six months ended June 30,

Cash flows provided by (used in)

OPERATING ACTIVITIES

Loss and comprehensive loss

(1,114,451

(1,210,686

ITEMS NOT AFFECTING CASH

Share-based payments

Change in non-cash working capital items

87,155

138,715

(910,266

(903,805

FINANCING ACTIVITIES

Exercise of stock options

244,750

INVESTING ACTIVITIES

Redemption (purchase) of short-term investments

5,000,000

8,000,000

Mineral property expenditures

(2,529,541

(2,133,058

2,470,459

5,866,942

CHANGE IN CASH AND CASH EQUIVALENTS

1,560,193

5,207,887

Cash and cash equivalents Beginning

6,044,475

CASH AND CASH EQUIVALENTS - ENDING

11,252,362

- 4 -

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY

Number of

Shareholders

Shares

Capital

Surplus

Equity

DECEMBER 31, 2013

93,683,937

104,620,174

32,293,888

(87,452,418

49,461,644

445,000

Transfer of stock option value

192,290

(192,290

219,095

Loss and comprehensive loss

JUNE 30, 2014

94,128,937

105,057,214

32,320,693

(88,663,104

48,714,803

65,999

39,599

16,527

(16,527

206,018

(701,288

DECEMBER 31, 2014

170,846

JUNE 30, 2015

- 5 -

Notes to the Consolidated Financial Statements

As at and for the three and six months ended June 30, 2015 (unaudited prepared by management)

NATURE OF OPERATIONS

Western Copper and Gold Corporation (Western or the Company) is an exploration stage company that is directly engaged in exploration and development of the Casino mineral property located in Yukon, Canada (the Casino Project).

The Company is incorporated in British Columbia, Canada. Its head office is located at 1800 - 570 Granville Street, Vancouver, British Columbia.

The nature of the Companys operations requires significant expenditures for the acquisition, exploration, and development of mineral properties. To date, the Company has not received any revenue from mining operations and is considered to be in the exploration stage. The Company will continue to require additional funding to maintain its ongoing permitting efforts, mineral property maintenance payments, project development, and operations. While it has been successful in doing so in the past, there can be no assurance that it will be able to do so in the future.

BASIS OF PRESENTATION

Statement of compliance

These financial statements have been prepared in...


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