1400 – Guinness Tower
1 | Page
www.tdggold.com
TDG Gold Corp.
1400 – Guinness Tower
1055 West Hastings Street
Vancouver, BC, V63 2E9
TDG Initiates Preliminary Economic Assessment for the
Shasta Gold-Silver Project
Vancouver, British Columbia, June 01, 2026 – TDG Gold Corp. (TSXV: TDG | OTCQX: TDGGF) (the
“Company” or “TDG”) is pleased to announce that it has initiated a Preliminary Economic
Assessment (“ PEA”) for its 100% -owned Shasta Gold -Silver Project (“ Shasta” or the “ Project”),
located within the Greater Shasta-Newberry Project area in the Toodoggone District of north-central
British Columbia. Ausenco Engineering Canada ULC (“ Ausenco”) has been appointed as lead
consultant for the PEA. The Company is targeting completion of the study in Q3 2026.
Demonstrating Potential Economic Viability
This inaugural study will establish the first economic benchmark for Shasta by evaluating the existing
mineral resource within a preliminary mine plan and processing flowsheet whilst leveraging the
Company’s infrastructure framework and current permits. In addition to establishing a baseline case
for Shasta, the PEA will evaluate a broader development scenario that potentially incorporates
material from the Mets Mining Lease mineralization as well as reprocessing of historical tailings from
the Baker tailing storage facility.
The study will also provide shareholders with an initial set of project metrics, including potential
scale, capital intensity, operating cost profile, mine life, economic sensitivities and opportunities for
future optimization.
“A mineral resource is an important foundation, but investors need to understand what that resource
may mean economically,” stated Fletcher Morgan, Director and CEO of TDG. “The PEA is designed
to provide that first disciplined economic framework for Shasta and to identify the key technical and
economic drivers that will guide future work.”
Corporate Strategy Update
Management believes that TDG’s 100% owned Toodoggone assets are currently undervalued given
the success of the 2025 Aurora West drilling campaign, the gold -rich porphyry discovery potential,
the existing mineral resource at Shasta (coupled with its existing permits, proximity and access route
to Aurora), and the Mets mining lease containing some of the highest grade, shallowest, thickest gold
in the District with expansion potential.
TDG remains well-capitalized with a near-term strategy focused on three core objectives:
1. Demonstrating value within the existing portfolio of assets, with the proposed Shasta PEA
representing a key strategic objective;
2. Systematically advancing all assets toward value -unlocking milestones , including
technical studies, permitting-related work and exploration advancement; and,
3. Delivering outperformance through discovery , with the Company’s fully funded 2026
d r i l l i n g c a m p a i g n a t A n y o x e x p e c t e d t o c o n c l u d e b y t h e e n d o f J u n e , w i t h a s s a y r e s u l t s
anticipated thereafter. In parallel, TDG continues to evaluate the potential for additional
Aurora-style gold-rich copper porphyry targets in the vicinity of Aurora West.
2 | Page
www.tdggold.com
TDG Gold Corp.
1400 – Guinness Tower
1055 West Hastings Street
Vancouver, BC, V63 2E9
2026 Exploration Program
TDG is also pleased to announce a fully funded 2026 porphyry focused program consisting of
baseline and targeting studies designed to advance exploration along the northwest structural
corridor extending from TDG’s 100% -owned Aurora West project toward and including the Baker
Complex. Further details will follow by separate news release.
Management Update
TDG also announces that Steven Kramar has departed as Vice President Exploration and Qualified
Person for the Company. TDG thanks Mr. Kramar for his contributions and service over the past four
and a half years and wishes him every success in his future endeavours.
Paul Geddes, P .Geo., Senior Vice President, Business Development & Strategy, has assumed
oversight of the Company’s technical programs on an interim basis while TDG evaluates suitable
candidates for the role.
About the Shasta Gold-Silver Project
Shasta is a 100% -owned gold -silver project located in the Toodoggone District of north -central
British Columbia. The Project is part of TDG’s Greater Shasta-Newberry Project area and is one of the
Company’s principal assets in the district.
Qualified Person
In accordance with National Instrument 43 -101 Standards of Disclosure for Mineral Projects, Paul
Geddes P .Geo., is the Qualified Person for the Company’s Projects and has validated and approved
the technical and scientific content of this news release. The Company adheres to CIM Best
Practices Guidelines in conducting, documenting, and reporting the exploration activities on its
projects.
About TDG Gold Corp.
TDG Gold Corp. is a significant mineral tenure holder in British Columbia’s Golden Horseshoe, with
over 60,000 hectares of exploration ground across the Toodoggone and Anyox mining districts.
In the Toodoggone District, TDG holds a 100% interest in ~50,000 hectares, including the past-
producing Shasta and Baker mines and the high-grade Mets developed prospect. The Company has
defined a gold -silver Mineral Resource Estimate at Shasta 1 within the 5.5 sq. km Greater Shasta -
Newberry (GSN) target area, which remains open for expansion (news release Jan 08, 2025). TDG is
also advancing copper -gold porphyry exploration at Aurora West, contiguous with the AuRORA 2
discovery (news release Jan 17, 2025), and across TDG’s broader 53 sq.km Baker Complex.
At Anyox, TDG holds over 10,000 hectares, including the past-producing Hidden Creek copper mine,
prospective for volcanogenic massive sulphide (VMS) mineralization.
Notes
1Mineral Resource Estimate (MRE) : All scientific and technical information relating to the TDG’s Shasta Project
pertaining to the Shasta Mineral Resource Estimate (“Shasta MRE”) contained in this MD&A is derived from the Technical
Report dated February 21, 2025 (with an effective date of December 29, 2024) titled “2025 Updated Resource Estimate
For The Shasta Deposit” (the “2025 Technical Report”) prepared by Sue Bird, MSc., P.Eng. of Moose Mountain Technical
Services. The information contained herein in re spect of the Shasta MRE is subject to all of the assumptions,
qualifications and procedures set out in the 2025 Technical Report and reference should be made to the full text of the
3 | Page
www.tdggold.com
TDG Gold Corp.
1400 – Guinness Tower
1055 West Hastings Street
Vancouver, BC, V63 2E9
2025 Technical Report, a copy of which has been filed with the securities regulators in each of the provinces of Canada
(except Québec) and is available on www.sedarplus.com.
2Adjacent Properties: The Company has no interest in, or rights to, any of the adjacent properties mentioned, and
exploration results on adjacent properties are not necessarily indicative of mineralization on the Company’s properties.
Any references to exploration results on ad jacent properties are provided for information only and do not imply any
certainty of achieving similar results on the Company’s properties.
Cautionary Note Regarding Preliminary Economic Assessments
The Company cautions that a Preliminary Economic Assessment is preliminary in nature and may
include inferred mineral resources that are considered too speculative geologically to have
economic considerations applied that would enable them to be categorize d as mineral reserves.
There is no certainty that the results of the PEA will be realized. Mineral resources that are not mineral
reserves do not have demonstrated economic viability.
ON BEHALF OF THE BOARD
Fletcher Morgan
Chief Executive Officer
For further information contact:
TDG Gold Corp.
Telephone: +1.604.536.2711
Email:[email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward -looking statements that are based on the Company’s current expectations and estimates.
Forward-looking statements are frequently characterized by words such as “baseline case” , “benchmark” , “evaluating” , “ e x t e n d ”,
“well-funded” , “anticipate” , “significant” , “represent” , “demonstrate” , “potential” , “interpret” , “expansion” , “open” , “economic”,
“provide” , “define” , “focus” , “advance”, “metric”, “opportunity” , “optimization” , “disciplined” , “future” , “currently” , “undervalued”,
“success” , “highest” , “shallowest” , “thickest” , “expansion” , “well-capitalized” , “milestones” , “outperformance”, and variations of
these words as well as other similar words or statements that certain events or conditions “could” , “may” , “would” or “will” occur.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events
or results to differ materially from estimated or anticipated events or results implied or expressed in such forward -looking
statements. Such factors include, among others: whether or not the Company’s projects are open for extension/expansion in any
direction; whether or not TDG is well -funded to commence and/or complete the next phase of proposed drilling; whether or not
the electromagnetic survey and subsequent interpretation of geophysical studies and/or targets are indicative of valid geological
targets, and whether or not (if any) mineralization encountered will be of economic interest; whether or not geophysical
interpretations are indicative of geological targets; whether or not the current drill extent at Anyox is representati ve of the outer
limits of the mineralization and whether or not mineralization with increased metal concentration will be intersected with
subsequent drilling; whether or not interpretations that mineralization encountered is corroborative with current mod elled
geophysical results; whether or not the interpreted geological environment has (if any) similarities to Besshi- style VMS deposits
and whether or not the concentrations of metals encountered in (if any) massive sulphide horizons are of economic intere st;
whether or not copper-rich feeder zones are located in the vicinity of the 4300 Zone at Anyox or gold-rich copper porphyry or copper-
gold porphyry mineralization exists outside of Aurora West and, of present, whether they represent mineralization of potential
economic interest; whether exploration at the Company’s properties will result in any exploration targets of merit ; accidents,
labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the company to
complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices .
There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. An y forward-
looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future
events or results or otherwise. Forward -looking statements are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent uncertainty therein.
4 | Page
www.tdggold.com
TDG Gold Corp.
1400 – Guinness Tower
1055 West Hastings Street
Vancouver, BC, V63 2E9
Figure 1: TDG Land Holdings and Infrastructure Location Map.