Tudor Gold Announces Non-brokered Private Placement

News Release

Tudor Gold Announces Non-brokered Private Placement

Vancouver, British Columbia --(Newsfile Corp. – October 19, 2017) - Tudor Gold Corp. (TSXV:

TUD) (FSE: TUC) (the "Company" or "Tudor Gold") is pleased to announce that the Company

intends to complete a non -brokered private placement of 410,000 units of the Company (the

"Units") at a price of $0.70 per Unit for gross proceeds of $287,000 (the "Offering").

Each Unit consists of one common share and one -half of one transferable common share

purchase warrant ( each whole warrant, a "Warrant"). Each Warrant entitles the holder to

purchase one common share of the Company at a price of $1.00 for a period of two years from

closing of the Offering. Commencing on the date that is four months and one day after closing of

the Offering, if the closing price of the Company's common shares on the TSX Venture

Exchange (the "TSXV"), or any other stock exchange on which the Company's common shares

are listed, is at a price greater than $1.50 per share for a period of ten (10) consecutive trading

days, the Company will have the right to accelerate the expiry date of the Warrants by giving

written notice to the holders of the Warrants that the Warrants will expire on the date that is not

less than 30 days from the date of such notice.

The proceeds from the sale of the Units will be used for general corporate and working capital

purposes.

All securities to be issued pursuant to the above referenced Offering will be subject to a

statutory four-month hold period. The Offering is subject to regulatory approval, including the

approval of the TSXV.

About Tudor Gold

Tudor Gold is a significant explorer in British Columbia's Golden Triangle, an area which hosts

multiple past -producing mines and several large deposits that are approaching potential

development. The GR2 claim group within the Treaty Creek claims is approximately 12 km

southeast of the historic past -producing Eskay Creek mine. In the 13 years during which the

Eskay Creek mine operated “more than 100 tonnes of gold and 5000 tonnes of silver” were

produced (BC MINFILE No 104B 008). The “Golden Triangle” has been an exploration and

mining district for over 100 years. The Company has a 60% interest in both the Electrum and

Treaty Creek properties, and a 100% interest in the Mackie, Eskay North, Orion, F airweather,

Delta and the High North properties, all of which are located in the Golden Triangle area.

"Walter Storm"

Walter Storm

President and Chief Executive Officer

For further information, please visit the company's website at www.tudor-gold.com or

contact:

CHF Capital Markets

Cathy Hume

CEO

Tel: 416-868-1079 x 231

Email: [email protected]

Or

Aris Morfopoulos

Chief Financial Officer & Corporate Secretary

Tel: 604-721-2650

Email: [email protected]

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward -looking information. These statements relate to

future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will",

"projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are

intended to identify forward-looking information and are based on the Company's current belief or assumptions as to

the outcome and timing of such future events. Actual future results may differ materially.

All statements including, without limitation, state ments relating to the ability to complete the Offering on the proposed

terms or at all, anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the

Offering as well as any other future plans, objectives or expectat ions of the Company are forward-looking statements

that involve various risks and uncertainties. There can be no assurance that such statements 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 results to differ materially from the Company's plans or expectations include

risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipm ent

breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or

business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed

herein and from time to time in the filings made by the Company with securities regulators. The Company expressly

disclaims any intention or obligation to update or revise any forward -looking statements whether as a result of new

information, future events or otherwise except as otherwise required by applicable securities legislation.

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.