TUD.V · 2024-10-08 12:00:00

Tudor Gold Discovers a Fourth High-Grade Gold Target, Supercell-1D (SC-1D) at Treaty Creek, Golden Triangle of British Columbia; Intersects 10.92 g/t Gold Equivalent (AUEQ) over 3.00 Meters Within Supercell-1C (SC-1C) and 5.70 g/t AUEQ over 3.00 Meters within SC-

Drill Results

Tudor Gold Discovers a Fourth High-Grade

Gold Target, Supercell-1D (SC-1D) at Treaty

Creek, Golden Triangle of British Columbia;

Intersects 10.92 g/t Gold Equivalent (AUEQ)

over 3.00 Meters Within Supercell-1C (SC-1C)

and 5.70 g/t AUEQ over 3.00 Meters within SC-

Vancouver, British Columbia--(Newsfile Corp. - October 8, 2024) - Tudor Gold Corp. (TSXV: TUD)

(FSE: H56) (the "

Company

" or "

Tudor

") is pleased to announce the results from the final three drill-

holes completed from the 2024 exploration drilling program (the "

Program

") that totaled 10,530 meters

(m) at their flagship Treaty Creek Project, located in the heart of the Golden Triangle of Northwestern

British Columbia.

The Supercell-One Zone (SC-1

) was identified earlier this year to represent a significant potential

economic target that is within, and peripheral to, the CS-600 Domain (see press releases dated

February 1

August 13

, and

September 10

, 2024). The discovery of a fourth sub-parallel gold

bearing breccia system (SC-1D) continues the expansion of the Supercell-One system. Drillhole GS-24-

187 intersected

10.92 g/t AuEQ

over 3.00 m

within SC-1C and

5.70 g/t AuEQ

over 3.00 m

within a

newly discovered SC-1D zone, both occurring within a strongly mineralized envelope that returned

1.43

g/t AuEQ over 99.00 m

. The gold-rich SC-1 system occurs within an area measuring up to 800 m in

length by 400 m in depth. All four stacked, sub-parallel structures remain open in all directions and to

depth.

Drilling Highlights

Hole GS-24-185

intersected a 150 m eastward step-out of the CS-600 Domain and the new SC-1D

zone.

CS-600: 1.01 g/t AuEQ over 200.50 m (0.92 g/t Au, 2.69 g/t Ag, 0.05% Cu)

Including: 2.18 g/t AuEQ over 21.00 m (1.95 g/t Au, 2.92 g/t Ag, 0.17% Cu)

SC-1D: 9.60 g/t AuEQ over 13.50 m (9.58 g/t Au, 0.44 g/t Ag, 0.01% Cu) *

Hole GS-24-186

intersected an 85 m northward step-out of the SC-1A zone.

SC-1A: 10.40 g/t AuEQ over 1.50 m (9.78 g/t Au, 22.46 g/t Ag, 0.02% Cu)

Hole GS-24-187

intersected a 200 m northeastward step-out of the SC-1C zone, a 130 m northward

step-out of the SC-1D zone and a 120 m northward step-out of the CS-600 Domain.

SC-1C: 10.92 g/t AuEQ over 3.00 m (10.89 g/t Au, 0.97 g/t Ag, 0.02% Cu)

SC-1D: 5.70 g/t AuEQ over 3.00 m (5.65 g/t Au, 0.95 g/t Ag, 0.03% Cu)

CS-600: 1.22 g/t AuEQ over 115.50 m (0.75 g/t Au, 2.22 g/t Ag, 0.36% Cu

Including: 1.68g/t AuEQ over 10.50 m (0.13 g/t Au, 4.76 g/t Ag, 1.22% Cu)

Click the following links to view a

plan map

and

cross sections

for holes GS-24-185, 186 and 187.

Ken Konkin, President and CEO, comments

"We are extremely pleased to announce the

continued discovery of multiple sub-parallel, stacked, micro-breccia systems within the Supercell

Complex. The consistent high-grade gold intercepts were discovered from the wide-spaced step-out

drilling targeting the open-ended CS-600 domain in the northern and eastern areas of the Goldstorm

Deposit. Crews were pleasantly surprized to observe consistent gold mineralization within the series of

late-stage gold-dominant quartz-pyrite micro-breccia structures. We also reviewed and re-interpreted

an earlier intercept from hole GS-24-185 that was initially thought to have been an off-set to Supercell-

1C (SC-1C) but subsequent drilling confirmed that this

13.5 m intercept of 9.60 g/t AuEq

belongs to

Supercell-1D which lies directly below SC-1C as it appears to be an individual splay emanating from

SC-1C as a new sub-parallel Supercell-1D (SC-1D). This newly discovered SC-1D was also

intersected by drill hole GS-24-187 and

yielded 3.0 m of 5.7 g/t AuEq.

Additionally, an 85 m

northward step-out with hole GS-24-186 intersected

10.40 g/t AuEq over 1.5 m,

within the SC-1A

breccia zone, the uppermost micro-breccia system discovered to-date. Our wide-spaced step-out

drilling was equally successful in expanding the CS-600 domain well outside the known area of the

Goldstorm Deposit towards the northeast. Significant gold, copper and silver mineralization was

encountered with the 150 m eastward step-out hole

GS-24-185 (1.01 g/t AuEq over 200.5 m)

and the

120 m northern step-out hole GS-24-187 that intersected

1.22 g/t AuEq over 115.5 m.

Although the

Goldstorm Deposit remains open in all directions and at depth, our priority focus is on the Supercell

Complex. This system holds great potential for enhancing the economic advantage of the Treaty

Creek Project. The Goldstorm Deposit now contains a high-grade component that can be traced for

over 800 m along a northern axis with a moderate westward dipping axis that measures over 400m.

Our goal is to expand the limits of the four newly discovered Supercell structures to maximize the

economic potential of these gold-dominant breccia systems as a possible starter mine, and to gain

access to the CS-600 domain by utilizing the same infrastructure required to potentially mine the

Supercell material. It is unknown if we will ever reach the limits of the Goldstorm Deposit as our

technical team will concentrate all efforts on the high-grade portions of the Deposit. We plan to review

other gold-dominant sub-domains such as R-66 and 300N that appear to have similar structural

controls, and are composed of similar quartz-pyrite micro-breccia veinlets, to hopefully add to the

growing high-grade gold story of the Goldstorm Deposit at Treaty Creek, within the heart of the Golden

Triangle."

Drilling Discussion

Section A

GS-24-185

: This hole was drilled to step out 140 m from previously drilled SC-1C mineralization,

as well as infilling CS-600 mineralization at depth. The hole intersected

13.50 m grading 9.60 g/t

AuEQ (9.58 g/t Au, 0.44 g/t Ag, 0.01% Cu)*

which is now interpreted as occurring within a fourth

zone (SC-1D) of the network of subparallel brecciated Supercell-One complex of structures. This

hole also intersected

200.50 m grading 1.01 g/t AuEQ (0.92 g/t Au, 2.69 g/t Ag, 0.05% Cu)

the CS-600 Domain representing a 150 m step-out towards the east.

Previously reported (September 10

, 2024)

GS-24-186:

This hole was drilled to intersect SC-1 structures and CS-600 mineralization to the

north. An intercept of

10.40 g/t AuEQ over 1.50 m (9.78 g/t Au, 22.46 g/t Ag, 0.02% Cu)

represents an 85 m northward step-out of the SC-1A zone. Additionally, the CS-600 domain was

intersected over

45.00 m grading 1.21 g/t AuEQ (0.86 g/t Au, 2.16 g/t Ag, 0.26% Cu).

GS-24-187:

This 150 m - 200 m northeastward step-out hole tested the extents of multiple SC-1

zones as well as the CS-600 Domain. The hole intersected a wide envelope of Au rich

mineralization surrounding intercepts of SC-1C and SC-1D zones, totalling

99.00 m grading 1.43

g/t AuEQ (1.36 g/t Au, 2.21 g/t Ag, 0.04% Cu)

, which

included

10.92 g/t AuEQ over 3.00 m

(10.89 g/t Au, 0.97 g/t Ag, 0.02% Cu)

within the SC-1C zone, and

5.70 g/t AuEQ over 3.00 m

(5.65 g/t Au, 0.95 g/t Ag, 0.03% Cu)

within the SC-1D zone. A further intercept of

CS-600: 1.22

g/t AuEQ over 115.50 m (0.75 g/t Au, 2.22 g/t Ag, 0.36% Cu)

expanded the CS-600 domain

over 120 m to the north.

Table 1: Drilling Results for Goldstorm Deposit in Press Release October 8, 2024

Section

Hole

Zone

From

Interval

AuEQ

(m)

(g/t)

(%)

(g/t)

GS-24-185

CS-600

1094.00

1294.5

200.50

0.92

2.69

0.05

1.01

Inc.

1105.50

1126.50

21.00

1.95

2.92

0.17

2.18

GS-24-186

SC-1A

787.50

789.00

1.50

9.78

22.46

0.02

10.40

CS-600

1261.50

1306.50

45.00

0.86

2.16

0.26

1.21

Inc.

1265.00

1288.20

23.20

1.11

2.97

0.47

1.73

GS-24-187

SC-1C

919.50

922.50

3.00

10.89

0.97

0.02

10.92

SC-1D

975.00

978.00

3.00

5.65

0.95

0.03

5.70

SC-1

919.50

1018.50

99.00

1.36

2.21

0.04

1.43

CS-600

1074.00

1189.50

115.50

0.75

2.22

0.36

1.22

Inc.

1098.00

1108.50

10.50

0.13

4.76

1.22

1.68

All assay values are uncut and intervals reflect drilled intercept lengths.

HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5 m intervals.

The following metal prices were used to calculate the Au Eq metal content: Gold $1850/oz, Ag: $21/oz, Cu: $3.75/lb. Calculations used the

formula AuEQ = Au g/t + (Ag g/t*0.0100901) + (Cu ppm*0.0001236). All metals are reported in USD and calculations consider recoveries of

90 % for gold, 80 % for copper, and 80 % for silver.

True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the

mineralized body orientation and true widths.

Table 2: Drill data for holes in Press Release October 8, 2024

Section

Hole ID

UTM E NAD 83

UTM N NAD 83

Elevation (m)

Azi (ᵒ)

Dip (ᵒ)

Depth (m)

GS-24-185

429306

6274219

1373

240

-76

1350

GS-24-186

428982

6274265

1462

265

-82

1566

GS-24-187

429306

6274219

1373

265

-83

1440

Tudor also announces a quarterly update with respect to the Company's previously announced "at-the-

market" equity program (the "

ATM Program

") launched on February 13, 2024. The ATM Program

allows the Company to issue and sell, from time to time, up to $20,000,000 of its common shares

Common Shares

") from treasury to the public, at the Company's discretion, pursuant to an equity

distribution agreement between the Company and Research Capital Corporation (the "

Agent

").

During the quarterly period ended September 30, 2024, the Company issued a total of 1,002,600

common shares on the TSX Venture Exchange (the "

TSXV

") at an average price of C$0.9779 per share

under the ATM Program, providing gross proceeds of C$980,477.09. Commissions of C$22,060.73

were paid to the Agent in relation to these distributions.

For further details on the ATM Program, see the Company's news release dated February 14, 2024.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the

Company's President and CEO, Ken Konkin, P. Geo. He has read and approved the scientific and

technical information that forms the basis for the disclosure contained in this news release.

QA/QC

Diamond drill core samples were prepared at MSA Labs' Preparation Laboratory in Terrace, BC and

assayed at MSA Labs' Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are

monitored by the submission of blanks, certified standards and duplicate samples inserted at regular

intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies

with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is

independent of the Company.

About Treaty Creek

The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry

system, as well as several other mineralized zones. As disclosed in the

"NI-43-101 Technical Report for

the Treaty Creek Project", dated April 5, 2024 prepared by Garth Kirkham Geosystems and JDS Energy

& Mining Inc., the Goldstorm Deposit has an Indicated Mineral Resource of

27.87 million ounces (Moz)

of AuEQ grading 1.19 g/t AuEQ (21.66 Moz gold grading 0.92 g/t, 2.87 billion pounds (Blbs)

copper grading 0.18%,

128.73 Moz silver grading 5.48 g/t) and an Inferred Mineral Resource of

6.03 Moz of AuEQ grading 1.25 g/t AuEQ (4.88 Moz gold grading 1.01 g/t, 503.2 Mlb copper

grading 0.15%, 28.97 Moz silver grading 6.02 g/t), with a pit constrained cut-off of 0.7 g/t AuEQ

and an underground cut-off of 0.75 g/t AuEQ

. The Goldstorm Deposit has been categorized into

three dominant mineral domains and several smaller mineral domains. The CS-600 Domain largely

consists of nested pulses of diorite intrusive stocks and hosts the majority of the copper mineralization

within the Goldstorm Deposit. CS-600 has an Indicated Mineral Resource of 15.65 Moz AuEQ grading

1.22 g/t AuEQ (9.99 Moz gold grading 0.78 g/t, 2.73 Blbs copper grading 0.31%, 73.47 Moz silver

grading 5.71 g/t) and an Inferred Mineral Resource of 2.86 Moz AuEQ grading 1.20 g/t AuEQ (1.87 Moz

gold grading 0.79 g/t, 475.6 Mlb copper grading 0.29%, 13.4 Moz silver grading 5.63 g/t). The

Goldstorm Deposit remains open in all directions and requires further exploration drilling to determine

the size and extent of the Deposit.

About Tudor Gold

TUDOR GOLD CORP. is a precious and base metals exploration and development company with

claims 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 Newmont Corporation's Brucejack property to the southeast.

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

Vice President of Investor Relations and Corporate Development

Phone: (604) 559 8092

E-Mail:

[email protected]

Patrick Donnelly

Vice President of Capital Markets

Phone: (604) 559 8092

E-Mail:

[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.

Cautionary Statements regarding Forward-Looking Information

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 completion and anticipated results of planned exploration activities.

Generally, but not always, forward-looking information and statements 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 others, that the Company's planned exploration activities will be completed in a timely

manner. Although the assumptions made by the Company in providing forward-looking information or

making forward-looking statements are considered reasonable by management at the time, there can

be no assurance that such assumptions will prove to be accurate.

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

equipment 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.

Although 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.

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.

TREATY CREEK - Section Areas - Plan View

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/4494/225954_planview_2024_1.jpg

GOLDSTORM DEPOSIT - Section A

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/4494/225954_sections_2024_1.jpg

GOLDSTORM DEPOSIT - Section B

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/4494/225954_sections_2024_2.jpg

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