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TDG.V ·

TDG GOLD CORP. PRIVATE PLACEMENT UPDATE All currencies are shown in Canadian dollars (C$)

Financings

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TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE

UNITED STATES

TDG GOLD CORP. PRIVATE PLACEMENT UPDATE

All currencies are shown in Canadian dollars (C$) unless otherwise stated.

White Rock, British Columbia, December 13, 2021—TDG Gold Corp (TSXV: TDG) (the “Company” or

“TDG”) announces an amendment to the terms of a non -brokered private placement announced on

November 10, 2021 to raise gross proceeds of up to C$5 million (the “Offering”).

The Offering will now comprise a combination of:

1. A non-flow through unit (“NFT Unit”) at a price of C$0.50 per NFT Unit – Each NFT Unit will consist

of one common share of the Company (each, a “ Share”) and one -half of one Share purchase

warrant (each whole warrant, a “Warrant”). One Warrant entitles the holder thereof to purchase

one Share of the Company at a price of C$0.75 per Share for a period of twenty-four months from

the closing date of the Offering (the “Closing Date”).

2. A flow through unit (“FT Unit”) at a price of C$0.55 per FT Unit – Each FT Unit will consist of one

Share and one -half of one Warrant. One Warrant entitles the holder thereof to purchase one

Share of the Company at a price of C$0.75 per Share for a period of twenty-four months from the

Closing Date.

3. A premium flow-through unit (“PFT Unit”) at a price of C$0.725 – Each PFT Unit will consist of one

Share and one -half of one Warrant. One Warrant entitles the holder thereof to purchase one

Share of the Company at a price of C$0.75 per Share for a period of twenty-four months from the

Closing Date.

Finder’s fees will be payable on the Offering, subject to the acceptance of the TSX Venture Exchange (the

“Exchange”).

The Company intends to use the proceeds of the FT Unit portion of the Offering to commission an

independent estimation of the mineral resource at the Company’s Shasta project and ongoing general

exploration at the Company’s Toodoggone projects.

The Offering is subject to the acceptance of the Exchange. The Company reserves the right to increase

the size of the Offering or to modify the type, nature and/or price of the Offering for any reason, subject

to the acceptance of the Exchange.

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 greenfield exploration

opportunities under direct ownership or earn -in a greement. 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 has

advanced the projects through compilation of historical data, new geological mapping, geochemical and

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TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

geophysical surveys, and, for Shasta, drill testing of the known mineralization occurrences and their

extensions. The Company has entered into a binding agreem ent to acquire the Nueva Esperanza silver -

gold advanced exploration and development project located in the Maricunga Belt of northern Chile,

subject to closing conditions being satisfied. TDG currently has 70,867,903 common shares issued and

outstanding.

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 does not constitute an offer to sell or a solicitation of an offer to buy any of the securities

in the United States. The securities have not been and will not be registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be

offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act

and applicable state securities laws or an exemption from such registration is available.

This news release contains forward looking statements within the meaning of applicable se curities laws.

The use of any of the words “ambition”, “estimate”, “concluded”, “offers”, “objective”, “may”, “will”,

“should”, “potential” and similar expressions are intended to identify forward looking statements. In

particular, this news release contains forward looking statements concerning the completion of the

acquisition (the “Acquisition”) of the Nueva Esperanza silver-gold advanced exploration and development

project (the “Project”), the completion of the Offering, the intended uses of the proceeds of the Offering,

regulatory acceptance of the Acquisition, the SR Offering and the Offering, and the potential development

of the Project and the Company’s existing mineral properties, including the completion of feasibility

studies or the making of production decisions in respect thereof. Although the Company believes that the

expectations and assumptions on which the forward looking statements are based are reasonable, undue

reliance should not be placed on the forward looking statements because the Com pany cannot give any

assurance that they will prove correct. Since forward looking statements address future events and

conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ

materially from those currently anticipated due to a number of assumptions, factors and risks. These

assumptions and risks include, but are not limited to, assumptions and risks associated with the

completion of other conditions precedent to the Acquisition, including the receipt of regulatory approvals,

the state of equity financing markets, and results of future exploration activities by the Company.

Management has provided the above summary of risks and assumptions related to forward looking

statements in this news release in order to prov ide readers with a more comprehensive perspective on

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TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

the Company’s future operations. The Company’s actual results, performance or achievement could differ

materially from those expressed in, or implied by, these forward looking statements and, accordingly, no

assurance can be given that any of the events anticipated by the forward looking statements will transpire

or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking

statements are m ade as of the date of this news release, and, other than as required by applicable

securities laws, the Company disclaims any intent or obligation to update publicly any forward looking

statements, whether as a result of new information, future events or results or otherwise.