TDG GOLD Completes Acquisition of Oxide PEAK Mineral Tenures, Toodoggone District
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
TDG GOLD COMPLETES ACQUISITION OF OXIDE PEAK MINERAL TENURES, TOODOGGONE DISTRICT
White Rock, British Columbia, March 14, 2024. TDG Gold Corp. (TSXV: TDG) (the “Company” or “TDG”)
is pleased to announce the completion of acquisition of a 100% interest in the Oxide Peak mineral tenures
(“Oxide Peak”) located in the Toodoggone District of north-central B.C.
Oxide Peak covers 8,490 hectares of prospective exploration ground1 to the north of, and contiguous with,
TDG’s Baker Complex. Since signing the initial option agreement with ArcWest Exploration Inc.
(“ArcWest”) in December 2019 (the “Option Agreement”), TDG has completed approximately $3.3 million
of exploration expendit ures on Oxide Peak, including 2,050 metres of diamond drilling and identifying
several targets1 prospective for the discovery of porphyry copper +/- gold systems.
Fletcher Morgan, TDG’s CEO, commented: “Our two most recent news releases (Feb 28, 2024 and Mar 07,
2024) highlighted our progress redefining TDG’s 100% owned Baker Complex, showing its potenti al1 to
host multiple intrusive-related copper-gold-molybdenum porphyries1. Closing the acquisition of the Oxide
Peak project enables us to include a portion of the Oxide Peak mineral tenures within the Baker Complex,
as we advance our dialogues for a potential joint venture partner to drill test the new porphyry targets 1
we have identified.”
Per the terms of the Definitive Purchase Agreement announced Feb 14, 2024, TDG has paid $100,000 and
issued 412,031 common shares of TDG (the “TDG Shares”) to ArcWest. TDG has also granted a 2% net
smelter returns royalty on Oxide Peak to ArcWest, of which 1% may be repurchased by TDG for $1.0
million. The TDG Shares will be su bject to a four -month hold period under applicable securities laws
expiring July 15, 2024, as well as certain orderly sales requirements agreed to between TDG and ArcWest.
The former option agreement with ArcWest in respect of the Oxide Peak property has been terminated.
Qualified Person
The technical content of this news release has been reviewed and approved Steven Kramar, MSc., P.Geo.,
Vice President, Exploration for TDG Gold Corp., a qualified person as defined by National Instrument 43 -
101.
1Mineral Exploration/Exploration Target Area(s): Exploration targets and/or Exploration zones and/or Exploration areas are speculative
and there is no certainty that any future work or evaluation will lead to the definition of a mineral resource.
About TDG Gold Corp.
TDG is a major mineral tenure holder in the historical Toodoggone Production Corridor of north -central British
Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct
ownership. TDG’s flagship projects are the former producing, high- grade gold-silver Shasta and Baker mines, which
produced intermittently between 1981 -2012, and the historical high -grade gold Mets developed prospect, all of
which are road accessible, and combined have over 65,000 m of historical drilling. The projects have been advanced
through compilation of historical data, new geological mapping, geochemical and geophysical surveys and, at Shasta,
13,250 m of modern HQ drill testing of the known mineralization occurrences and their potential extensions. In May
2023, TDG published an updated Mineral Resource Estimate for Shasta (TDG news release May 01, 2023 ) which
remains open at depth and along strike. In January 2023, TDG defined a larger exploration target area adjacent to
Shasta (‘Greater Shasta- Newberry’; TDG news release Jan 25, 2023 ). In Fall 2023, TDG published the first modern
drill results from the Mets mining lease (TDG news releases Sep 07, 2023, Sep 11, 2023 and Nov 28, 2023). In early
2024, TDG identified new copper -gold target areas over an expanded footprint covering ~42 sq.km known as the
‘Baker Complex’ (TDG news release Feb 28, 2024).
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
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, “opportunities”, “prospective”, “potential”, “expand”,
“associate”, “prospective”, “target” and variations of these words as well as other similar words or statements that certain events
or conditions “could”, “may”, “should”, “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 suitable
joint ventures can be formed; whether future exploration programs will successfully define potentially economic mineralization;
the timing and availability of funding to support such exploration; accidents, labour disputes and other risks common to 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. Any 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.