TDG GOLD Corp. Announces Insider Share Purchase Agreements and Appointment of New Director
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
TDG GOLD CORP. ANNOUNCES INSIDER SHARE PURCHASE AGREEMENTS AND APPOINTMENT OF NEW
DIRECTOR
White Rock, British Columbia, October 31, 2022 - TDG Gold Corp - (TSXV: TDG) (the “Company” or
“TDG”) is pleased to announce that Talisker Resources Ltd. (“Talisker”) has entered into share purchase
agreements (the “ Purchase Agreements ”) with certain insiders to TDG, including a new independent
director, Michael Kosowan, who was appointed to TDG’s board on October 28, 2022. The Purchase
Agreements provide for the sale to such insiders of Talisker’s remaining 8,538,151 common shares of TDG
(“Shares”), which are subject to escrow until December 2023. Following closing of the purchases pursuant
to the Purchase Agreements, which is expected to occur on or about November 14, 2022, TDG’s directors
and officers will collectively own ~13.4% of TDG’s issued and outstanding Shares.
Michael Kosowan is an industry expert with over 20 years experience in junior mining. He is a qualified
mining engineer (P.Eng) that has worked as a project engineer for a number of mining companies including
Falconbridge, Placer Dome and Inco . From 2000, Michael led financings in the U .S. and Canada through
his work with Sprott Private Wealth and Sprott Global Resources Inc. Since 2017, Michael has worked with
junior mining issuers a s a principal, director and officer including his current ongoing involvement with
Torq Resources Inc. as a director and VP of Capital Markets.
TDG also announces that the investor rights agreement that Talisker and TDG entered into when the
Shares were issued was terminated in accordance with its terms on September 30, 2022, when Talisker
ceased to hold 10% of the Shares. In connection with such termination, Terry Harbort and Matt Filgate,
Talisker’s two nominees to TDG’s board, resigned effective October 28, 2022 . TDG is pleased that both
Terry and Matt will remain as advisors to the Company.
Fletcher Morgan, TDG’s CEO, commented: “Michael brings industry and capital markets expertise to TDG’s
Board. He has had multiple successes and I look forward to working closely with him to focus TDG’s delivery
strategy for 2023 and beyond. Upon closing of the share purchases from Talisker, Michael will own ~7.5%
of TDG’s shares which will make him TDG’s largest insider and provides an immediate alignment of interest
with our existing shareholders.
On behalf of TDG, I would also like to extend my gratitude to Terry and Matt for their stewardship and
technical advice since TDG first began negotiating in 2020 to acquire Talisker’s portfolio of Toodoggone
assets. We look forward to their ongoing strategic and geological input as TDG advances the exploration
and development of our projects.”
About TDG Gold Corp.
TDG is a major mineral claim holder in the historical Toodoggone Production Corridor of north -central
British Columbia, Canada, with over 23,000 hectares of brownfield and gree nfield exploration
opportunities under direct ownership or earn -in agreement. TDG’s flagship projects are the former
producing, high grade gold-silver Shasta, Baker and Mets mines, which are all road accessible, produced
intermittently between 1981-2012, and have over 65,000 m of historical drilling. In 2021, TDG advanced
the projects through compilation of historical data, new geological mapping, geochemical and geophysical
surveys, and, for Shasta, drill testing of the known mineralization occurrences and their extensions. In
May 2022, TDG published an initial NI 43 -101 Mineral Resource Estimate for Shasta. For the 2022 field
season, TDG has prioritized drilling the known mineralization around Shasta. TDG currently has 96,343,142
common shares issued and outstanding.
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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.
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 “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” 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: the actual results of current exploration activities; conclusions of
economic evaluations ; changes in project parameters as plans to continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or
financing; and fluctuat ions 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.