TDG GOLD Corp. Outlines 800 Metres BY 1500 Metres Exploration Target Area at the Former Producing GOLD-Silver Shasta MINE

1

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

TDG GOLD CORP. OUTLINES 800 METRES BY 1500 METRES EXPLORATION TARGET AREA AT THE

FORMER PRODUCING GOLD-SILVER SHASTA MINE

White Rock, British Columbia, December 16, 2020. TDG Gold Corp. (formerly, Kismet Resources Corp.)

(TSXV: KSMT.P) (the “Company” or “TDG”) is pleased provide the following information regarding its

newly acquired Baker-Shasta gold-silver project located in the Toodoggone Region of northern B.C.

Further to TDG’s news release of December 1 1, 2020, TDG has completed the acquisition of the

Toodoggone assets of Talisker Resources Ltd. consisting of the Baker and Shasta Mines, and the Mets and

Bot properties. TDG will begin trading on the TSX Venture Exchange under the symbol “TDG” on December

17th, 2020. TDG is privileged to be working in the traditional territories of the Kwadacha, Tsay Keh Dene,

Takla and Tahltan First Nations, and looks forward to open consultation and respectful dialogue regarding

TDG’s proposed mineral exploration programs.

The Baker and Shasta Mine s are former producing gold and silver operations accessible by road 4 30 km

northwest of Prince George, via Mackenzie and the Omineca Resource access route past Centerra Gold

Inc.’s Kemess Copper Gold Mine (Figure 1).

Figure 1. Location of the Baker and Shasta Mines.

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TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

The Baker and Shasta Mines operated on an intermittent basis in the period 1980 until 2012, focusing on

the high-grade veins and structures, both through underground and small-scale open pit operations. In

the period 1981-1983 and 1996-1997, 81,878 tonnes of Baker ore were milled recovering 765,565 ounces

silver and 41,281 ounces gold. Production from the Shasta Mine in the years 1989 -1991 an d 2000,

recovered 1,061,577 ounces silver and 19,381 ounces gold milled from 131,113 tonnes ore (Note 1).

TDG has been undertaking a detailed compilation of historic data from both Baker and Shasta mine sites

and is pleased to present in this news release the first update of the Shasta area review and data analysis.

The Shasta exploration target covers an area approximately 800 metres by 1500 metres. Previous

exploration at Shasta identified at least twelve mineralized zones of which the historic workings are

contained within two structures, the JM and Creek Zones shown in Figure 2 . Underground workings at

Shasta extend 300 metres along strike at each of the JM and Creek Zones, with depths up to 100 metres

from surface. Total tonnage extracted from underground and pits, including ore and waste is estimated

at 420,000 tonnes (Note 2).

Figure 2. Mineralized zones at Shasta covering an area of approximately 800 metres by 1500 metres.

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TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

TDG has compiled 28,751 metres of drilling from 325 historic diamond drill holes at Shasta. Sample assays

for gold and silver are reported from 10,716 metres of drilling of which 48% grade over 0.25 grams per

tonne (“gpt”) gold equivalent (gold to silver ratio of 1: 78). Gold-silver mineralization is hosted in quart z

veins, quartz-carbonate stockworks, breccias and fault zones.

Shown below in Figure 3 a nd Table 1 are reported drill hole assay results within the Shasta exploration

area. The data is from independent lab oratories, with recorded assay certificates (Note 3) . Additional

information is included in TDG’s updated corporate presentation available on the TDG website

(www.tdggold.com).

Figure 3. Location at Shasta of historic drill holes with independent laboratory assay certificates.

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TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

Hole Id From

(m)

To

(m)

Composite

Width (m)

Au

(gpt) Ag (gpt) Zone

DD-04-01 23.53 37.77 14.24 7.34 343.67 Creek Zone, within historic working

including 31.92 37.77 5.85 13.80 641.33

DD87-04 61.3 94.8 33.5 0.70 34.59 Upper Creek Zone, underexplored Area

including 84.2 94.8 10.6 1.34 90.17

and 104.2 111.2 7 0.64 20.31

DD87-05 78.9 80.4 1.5 7.62 15.00 Jock Zone, underexplored Area

and 91.8 101.2 9.4 0.65 23.50

DD87-07 14.8 29.8 15 1.29 23.77 Jock Zone, underexplored Area

DD87-10 25.1 30 4.9 1.03 81.85 Creek Zone, crossing into JM, within historic workings

and 36.1 44.3 8.2 2.09 90.37

and 55 84 29 0.80 37.82

DD87-11 67.2 94.2 27 2.03 118.75 JM Zone, within historic workings

including 80.2 84.6 4.4 8.20 497.06

DD87-12 14.9 20.5 5.6 2.26 206.63 JM Zone, within historic workings

and 24.5 52.5 28 2.34 154.72

and 58 66.8 8.8 1.02 19.97

DD87-13 18 48.1 30.1 1.31 53.49 JM Zone, within historic workings

including 24 33.9 9.9 2.04 71.78

DD87-15 11.9 59 47.1 1.20 61.56 JM Zone, above historic workings

including 48.6 50.6 2 3.61 139.00

including 46 53.6 7.6 4.09 223.76

DD87-16 21.4 72 50.6 0.44 18.09 JM Zone, step out along strike

including 48.7 51 2.3 3.89 132.50

DD87-17 45.1 47.5 2.4 8.77 91.00 JM Zone, step out along strike

and 59.6 79.7 20.1 0.19 3.66

DD87-18 58.8 146.1 87.3 0.73 25.68 JM Zone, partly within workings

including 69 86 17 1.38 67.46

including 122.8 135.4 12.6 2.04 65.58

DD87-23 32.9 89.7 56.8 0.85 35.91 JM Zone, within historic workings

DD87-24 97 109 12 0.97 47.50 Creek Zone, step out along strike

NB. True width estimated at 60 to 90 percent of drill hole width.

Table 1. Historic drill holes at Shasta.

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TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

Historic production at Shasta targeted higher grades in the JM and Creek Zones. The drill hole assay results

demonstrate that additional gold and silver mineralization, described as “halo mineralization” lies outside

the higher grade zones within the hangingwall and footwall to the vein structures.

TDG proposes to undertake exploration in 2021 that will test for multiple gold and silver vein extensions

and the associated halo mineralization in the vein hanging wall and footwall within the known 800

metres by 1500 metres exploration target area.

Drill Hole Details

Hole_ID Easting

(NAD83 ZN9)

Northing

(NAD83 ZN9) Elevation (m) Azimuth (o) Dip (o) EOH (m)

DD04-01 620937 6347460 1278 90 -41 47.56

DD87-04 620995 6347763 1299 220 -60 127.7

DD87-05 621060 6347747 1287 195 -45 106.4

DD87-07 621099 6347793 1302 250 -45 39.3

DD87-10 620911 6347570 1257 68 -45 130.8

DD87-11 621043 6347571 1268 240 -40 94.2

DD87-12 621100 6347321 1346 60 -45 66.8

DD87-13 621116 6347393 1327 240 -45 63.7

DD87-15 621182 6347314 1358 240 -45 72.8

DD87-16 621204 6347269 1372 240 -45 78.9

DD87-17 621138 6347035 1403 90 -45 91.7

DD87-18 621181 6347387 1337 234 -45 146.1

DD87-23 621022 6347559 1270 243 -45 91.1

DD87-24 620834 6347660 1286 60 -45 127.7

Notes

Note 1. J.H. Montgomery Ph.D., P.Eng. November 12, 2003, Report on Toodoggone Gold project, Omineca mining

Division, Northern British Columbia. Sable Resources Ltd.

Note 2. Tetra Tech (Consulting and Engineering Firm) Report for TDG Gold December 8 th, 2020.

Note 3. ARIS Reports reference certified assay certificates aris.empr.gov.bc.ca, Report files 7653A and 16698.

Qualified Person

The technical content of this news release has been reviewed and approved by Duncan McBean, P.Geo.,

a qualified person as defined by National Instrument 43-101.

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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:

TDG Gold Corp., please contact Fletcher Morgan

Telephone: +1.604.536.2711

Email: [email protected]

Cautionary note regarding forward-looking statements

Certain statements made and information contained herein may constitute “forward looking information”

and “forward looking statements” within the meaning of applicable Canadian and United States securities

legislation. These statements and information are based on facts currently available to the Company and

there is no assurance that actual results will meet management’s expectations. Forward -looking

statements and information may be identified by such terms as “anticipates”, “believes”, “targets”,

“estimates”, “p lans”, “expects”, “may”, “will”, “could” or “would”. Forward -looking statements and

information contained herein are based on certain factors and assumptions regarding, among other things,

the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal

prices, taxation, the estimation, timing and amount of future exploration and development, capital and

operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title

disputes and other matters. While the Company considers its assumptions to be reasonable as of the date

hereof, forward-looking statements and information are not guarantees of future performance and readers

should not place undue importance on such statements as actual events and results may differ materially

from those described herein. The Company does not undertake to update any forward-looking statements

or information except as may be required by applicable securities laws.

Neither the TSX Venture Exc hange 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.