Tudor GOLD Announces $20.0 Million Brokered Private Placement Offering, with Participation BY Eric Sprott

TUDOR GOLD ANNOUNCES $20.0 MILLION BROKERED PRIVATE

PLACEMENT OFFERING, WITH PARTICIPATION BY ERIC SPROTT

Vancouver, British Columbia, Canada – March 10, 2022 – Tudor Gold Corp. (TSXV:TUD) (the

“Company”) is is pleased to announce that it has entered into an agreement with Research Capital

Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents (the “Agents”), in

connection with a best efforts, private placement offering (the “ Offering”) for aggregate gross

proceeds of up to $20,000,000 in a combination of:

a) units of the Company (the “ Units”) at a price of $2.00 per Unit. Each Unit will consist of one

common share of the Company (a “ Common Share ”) and one -half of one Common Share

purchase warrant (each whole warrant, a “Warrant”);

b) flow-through units of the Company (the “FT Units”) at a price of $2.40 per FT Unit. Each FT Unit

will consist of one Common Share that will qualify as “flow-through shares” within the meaning

of subsection 66(15) of the Income Tax Act (Canada) (the “ Tax Act ”) (each, a “ FT Common

Share”) and one-half of one Warrant; and

c) flow-through units of the Company to be sold to charitable purchasers (the “Charity FT Units”)

at a price of $2.85 per Charity FT Unit. Each Charity FT Unit will consist of one Common Share

that will qualify as “flow -through shares” within the meaning of subsection 66(15) of the Tax

Act that will be issued as part of a charity arrangement (each, a “ Charity FT Common Share”)

and one-half of one Warrant.

Each Warrant shall entitle the holder thereof to purchase one Common Share (a “ Warrant Share”) at

an exercise price of $2.80 per Warrant Share at any time up to 24 months following the Closing (as

defined herein).

Eric Sprott , through 2176423 Ontario Ltd, a corporation beneficially owned by him, is expected to

participate in the Offering.

The net proceeds from the sale of Units will be used for its ongoing exploration drilling program,

working capital requirements and other general corporate purposes. The net proceeds from the sale

of FT Units and Charity FT Units will be used to incur eligible "Canadian exploration expenses" ("CEE")

that are "flow -through mining expenditures" (as such term is defined in the Tax Act) related to

exploration expenses on the Company’s Treaty Creek flagship property, located in Golden Triangle of

northwestern British Columbia, as permitted under the Tax Act to qualify as CEE. The Company will

renounce such CEE to the purchasers of the FT Units and Charity FT Units with an effective date of no

later than December 31, 2022.

The Agents will have an option (the “Agents’ Option”) to offer for sale up to an additional 15% of the

number of Units, FT Units and Charity FT Units sold in the Offering, which Agents’ Option is exercisable,

in whole or in part, at any time up to 48 hours prior to the closing of the Offering.

The Units, FT Units and Charity FT Units to be issued under the Offering will be offered by way of private

placement in each of the provinces of Canada. The Units will also be offered to such other jurisdictions

as may be determined by the Company, in each case, pursuant to applicable exemptions from the

prospectus requirements under applicable securities laws.

The Offering is scheduled to close on or about March 30, 2022, or such other date as agreed upon

between the Company and the Agent s (the “Closing”) and is subject to certain conditions including,

but not limited to, the receipt of all necessary approvals including the approval of the TSX Ventu re

Exchange. The Units, FT Units and Charity FT Units and securities underlying the Compensation

Warrants (as defined herein) to be issued under the Offering will have a hold period of four months

and one day from Closing.

In connection with the Offering, the Agent s will receive an aggregate cash fee equal to 6.0% of the

gross proceeds from the Offering, including in respect of any exercise of the Agents’ Option. In addition,

the Company will grant the Agent s, on date of Closing, non -transferable compensation warrants (the

“Compensation Warrants”) equal to 6.0% of the total number of Units, FT Units and Charity FT Units

sold under the Offering (including in respect of any exercise of the Agents’ Option). Each Compensation

Warrant will entitle the h older thereof to purchase one Common Share at an exercise price of $2.00

per Common Share for a period of 24 months following the Closing.

The securities described herein 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

accordingly, may not be offered or sold within the United States except in compliance with the

registration requirements of the U.S. Securities Act and applic able state securities requirements or

pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a

solicitation to buy any securities in any jurisdiction.

About Tudor Gold Corp.

Tudor Gold Corp. is a precious and base metals exploration and development company with properties

in British Columbia’s Golden Triangle (Canada), an area that hosts producing and past-producing mines

and several large deposits that are approaching potential development. The 17,913 hectare Treaty

Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.’s KSM property

to the southwest and borders Pretium Resources Inc.’s Brucejack property to the southeast. In April

2021 Tudor published their 43 -101 technical report, “Techni cal Report and Initial Mineral Resource

Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia Canada” dated

March 1, 2021 on the Company’s SEDAR profile. The Company also has a 100% interest in the Crown

project and a 100% interest in the Eskay North project, all located in the Golden Triangle area.

ON BEHALF OF THE BOARD OF DIRECTORS OF TUDOR GOLD CORP.

“Ken Konkin”

Ken Konkin

President and Chief Executive Officer

For further information, please visit the Company’s website at www.tudor-gold.com or contact:

Chris Curran

Head of Corporate Development and Communications

Phone: (604) 559 8092

E-Mail: [email protected]

or

Carsten Ringler

Head of Investor Relations and Communications

Phone: +49 151 55362000

E-Mail: [email protected]

Cautionary Note Regarding Forward-looking Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TS X Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

This news release contains “forward -looking information” within the meaning of applicable Canadian securities legislation.

“Forward -looking information” includes, but is not limited to, statements with respect to the activities, events or

developments that the Company expects or anticipates will or may occur in the future, including the expectation that the

Offering will close in the timeframe and on the terms as anticipated by management. Generally, but not always, forward -

looking information and statement s can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”,

“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or

variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or

“will be taken”, “occur” or “be achieved” or the negative connation thereof.

Such forward -looking information and statements are based on numerous assumptions, including among o thers, that the

Company will complete Offering in the timeframe and on the terms as anticipated by management. Although the assumptions

made by the Company in providing forward -looking information or making forward -looking statements are considered

reasona ble by management at the time, there can be no assurance that such assumptions will prove to be accurate and

actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual res ults to differ materially from the Company’s plans or expectations include risks

relating to the failure to complete the Offering in the timeframe and on the terms as anticipated by management, market

conditions and timeliness regulatory approvals. Althou gh the Company has attempted to identify important factors that

could cause actual results to differ materially from those contained in the forward -looking information or implied by forward -

looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There

can be no assurance that forward -looking information and statements will prove to be accurate, as actual results and future

events could differ materially from those anticipated, estimated or intended . Accordingly, readers should not place undue

reliance on forward -looking statements or information.