TUD.V · 2023-09-27 12:00:00

Tudor Gold Intersects 55 Meters of 3.35 g/t AuEQ Within 255 Meters of 1.18 g/t AuEQ at the Goldstorm Deposit, Treaty Creek

Drill Results

Tudor Gold Intersects 55 Meters of 3.35 g/t

AuEQ Within 255 Meters of 1.18 g/t AuEQ at

the Goldstorm Deposit, Treaty Creek

Vancouver, British Columbia--(Newsfile Corp. - September 27, 2023) - Tudor Gold Corp.

(TSXV: TUD)

(FSE: H56)

(the "

Company

" or "

Tudor Gold

") is pleased to present the third set of drill results for the

2023 exploration program (the "

Program

") at their flagship property, Treaty Creek, located in the heart

of the Golden Triangle of Northwestern British Columbia.

The Company has safely and successfully completed the 2023 drilling program with a total of 31,904

meters (m) drilled within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone. The

assay results reported in this release are from seven drill holes that targeted the northeastern area of the

Goldstorm Deposit.

Click to view plan map and cross sections

Ken Konkin, President and CEO

, comments: "Once again we have been rewarded from our bold

step-out drilling on the Goldstorm Deposit. These recent intercepts, outside the limits used for the April

28, 2023 Mineral Resource, continue to expand the size of the deposit and, at the same time, infill drilling

has successfully defined large blocks containing strong gold, silver and copper mineralization within drill

inferred areas. Our objective is to continue to explore the deposit limits to the northwest, north and

northeast, thereby increasing the volume of the Mineral Resource while maintaining the higher gold,

silver and copper grades of our most recent Mineral Resource Estimate. Our fundamental priority for

continued exploration will be to define the limits of the known domains that comprise the Goldstorm

Deposit and to upgrade areas of Inferred Resources to the Indicated category.

Drill hole GS-23-174 is a good example of the success we have had in defining areas of higher gold and

copper values with, in this case, an unexpected increase in silver mineralization. The estimated silver

content for the Indicated Resource within the CS-600 Domain is 5.45 g/t. Drill hole GS-23-174 was

drilled at the northern limit of the deposit and had a

213.0 m interval averaging 13.32 g/t Ag, 0.89 g/t

Au and 0.36 % Cu

, which equals 1.45 g/t gold equivalent (AuEQ). As well, we found significant silver

mineralization along the upper contact area of the CS-600 Domain within drill hole GS-23-172. This

northeastern-most drill hole contained elevated silver values, with a high of

571 g/t Ag over 1.5 m

, near

the end of the hole. Unfortunately, GS-23-172 was lost in fractured ground as it approached the upper

contact of the CS-600 Domain at this location. We will target this area from a different angle next year.

Based on our geological observations from the latest drilling, we have constructed two more drill pads

ready for the 2024 season that are located approximately 500 m northeast of the current Mineral

Resource limit. From these two super-pads, we should be able to complete drilling on the northern

aspect of the deposit. Currently the deposit is open in all directions and at depth. Once the final definition

drilling of the Goldstorm Deposit is completed, we can then focus our exploration on three other very

promising targets; Eureka, Calm Before the Storm (CBS), and Perfectstorm (PSZ), while we advance

Goldstorm to the Preliminary Economic Assessment (PEA) phase of the project."

Section 117+00NE

GS-23-168-W2:

Wedged off parent hole GS-23-168 to target the down dip extension of the CS-

600 Domain intersected in hole GS-23-168-W1. The hole first passed through the 300H Domain

with

216.0 m grading 1.11 g/t AuEQ (1.05 g/t Au, 4.47 g/t Ag, 0.01 % Cu)

, but the hole then

deviated beyond the planned orientation and was not able to continue to test CS-600 at depth.

Section A

GS-23-171:

Drilled to target the deep portion of the CS-600 Domain where the April 28, 2023

Mineral Resource Estimate (MRE) categorized the area as Inferred Resources. The hole

encountered mineralization in the 300H Domain with

55.5 m grading 3.35 g/t AuEQ (3.27 g/t Au,

6.62 g/t Ag, 0.01 % Cu)

within a broader interval of

255.0 m grading 1.18 g/t AuEQ (1.15 g/t Au,

2.01 g/t Ag, 0.01 % Cu)

. At depth, the drill hole terminated in mineralization within the CS-600

Domain due to poor ground conditions. The recovered CS-600 interval measured

91.5 m grading

1.03 g/t AuEQ (0.86 g/t Au, 3.24 g/t Ag, 0.12 % Cu)

GS-23-174:

Drilled to target an area of Inferred Mineral Resources in the CS-600 Domain. This

hole was fully completed and returned

213.0 m of 1.45 g/t AuEQ (0.89 g/t Au, 13.32 g/t Ag, 0.36

% Cu)

with an enriched interval of

72.0 m grading 2.01 g/t AuEQ (1.30 g/t Au, 23.34 g/t Ag,

0.40 % Cu)

Section B

GS-23-173:

Drilled as a 200 m northeast step-out from the CS-600 Domain boundary, as reported

in the April 28, 2023 MRE. The hole terminated in faulted ground within the CS-600 Domain,

although the upper part of CS-600 was recovered, averaging

1.03 g/t AuEQ over 263.1 m (0.58

g/t Au, 5.46 g/t Ag, and 0.34 % Cu)

. Wedge holes were then drilled to complete the target

intercept.

GS-23-173-W1:

This hole was terminated prior to target depth due to poor ground conditions.

GS-23-173-W2:

This hole was wedged above GS-23-173-W1 and was spaced at 6 m from the

end of GS-23-173-W1, producing a twin intercept. The hole was successful and hit both the CS-

600 Domain and what is interpreted to be a significant extension to the DS5 Domain. A CS-600

Domain interval of 2

53.50 m was intersected and averaged 0.91 g/t AuEQ (0.48 g/t Au, 5.09

g/t Ag, 0.32 % Cu)

with a

145.5 m interval grading 1.02 g/t AuEQ (0.45 g/t Au, 6.63 g/t Ag,

0.42 % Cu)

. Below the CS-600 Domain, the DS5 Domain was intersected with an interval of

112.5 m grading 1.42 g/t AuEQ (1.33 g/t Au, 3.40 g/t Ag, 0.05 % Cu

Section C

GS-23-172:

Drilled to test the CS-600 Domain approximately 375 m to the northeast. The hole

flattened beyond the planned orientation and did not intersect the CS-600 Domain. However, the

hole returned several silver intercepts, most notably, 21.0 m of 67 g/t Ag near the end of the hole.

Table 1: Drilling Results for Goldstorm Deposit in Press Release September 27, 2023

Section

Hole

Zone

From (m)

To (m)

Interval (m)

Au (g/t)

Ag (g/t)

Cu (%)

AuEQ (g/t)

117+00NE

GS-23-168-

300H

198.00

414.00

216.00

1.05

4.47

0.01

1.11

including

313.50

324.00

10.50

4.87

9.72

0.01

4.98

GS-23-171

300H

426.00

681.00

255.00

1.15

2.01

0.01

1.18

including

438.00

465.00

27.00

2.42

0.57

0.01

2.43

and

561.00

616.50

55.50

3.27

6.62

0.01

3.35

CS-600

1702.50

1794.00

91.50

0.86

3.24

0.12

1.03

GS-23-172

Other

675.00

678.00

3.00

2.58

232.67

0.21

5.13

Other

1041.00

1062.00

21.00

0.13

66.95

0.06

0.85

Including

1041.00

1051.50

10.50

0.15

108.34

0.09

1.32

And

including

1042.50

1044.00

1.50

0.10

571.00

0.23

6.01

GS-23-173

CS-600

1014.00

1277.10

263.10

0.58

5.46

0.34

1.03

including

1123.50

1227.00

103.50

0.54

5.05

0.43

1.10

GS-23-173-

CS-600

105.00

358.50

253.50

0.48

5.09

0.32

0.91

including

166.50

312.00

145.50

0.45

6.63

0.42

1.02

DS5

397.50

510.00

112.50

1.33

3.40

0.05

1.42

including

453.00

471.00

18.00

3.15

1.46

0.01

3.18

GS-23-174

CS-600

879.00

1092.00

213.00

0.89

13.32

0.36

1.45

including

1014.00

1086.00

72.00

1.30

23.34

0.40

2.01

Hole was terminated prior to reaching target depth

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 $1800/oz, Ag: $20/oz, Cu: $3.5/lb. Calculations used the

formula AuEQ = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185). 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 September 27, 2023

Section

Hole ID

UTM E NAD 83

UTM N NAD 83

Elevation (m)

Azi (ᵒ)

Dip (ᵒ)

Depth (m)

117+00 NE

GS-23-168-W2

428725.7

6273503.2

1060.9

290

-57

1230

GS-23-171

428933.0

6273444.6

1398.4

318

-60

1794

GS-23-172

429355.0

6273556.4

1228.4

320

-59

1104

GS-23-173

429032.6

6273665.6

1498.8

332

-74

1277.1

GS-23-173-W1

428941.4

6273864.1

625.9

345

-77

193

GS-32-173-W2

428941.1

6273865.0

622.0

344

-77

558

GS-23-174

429025.2

6273657.5

1498.4

275

-79

1167

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 28, 2023 prepared by Garth Kirkham Geosystems and JDS

Energy & Mining Inc., the Goldstorm Deposit has an

Indicated Mineral Resource

23.37 Moz of

AuEQ grading 1.13 g/t AuEQ (18.75 Moz gold grading 0.91 g/t, 2.18 Blbs copper grading 0.15 %,

112.4 Moz silver grading 5.45 g/t)

and an

Inferred Mineral Resource

7.35 Moz of AuEQ grading

0.98 g/t AuEQ (5.54 Moz gold grading 0.74 g/t, 0.85 Blb copper grading 0.16 %, 45.08 Moz silver

grading 5.99 g/t)

, with a pit constrained cut-off of 0.5 g/t AuEQ and an underground cut-off of 0.7 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 an intermediate intrusive stock and

hosts the majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated

Mineral Resource of 9.86 Moz AuEQ grading 1.10 g/t AuEQ (6.22 Moz gold grading 0.70 g/t, 1.98 Blbs

copper grading 0.32 %, 51.1 Moz silver grading 5.71 g/t) and an Inferred Mineral Resource of 3.71 Moz

AuEQ grading 1.19 g/t AuEQ (2.32 Moz gold grading 0.75 g/t, 0.76 Blb copper grading 0.36 %, 18.71

Moz silver grading 6.01 g/t). The Goldstorm Deposit remains open in all directions and requires further

exploration drilling to determine the size and extent of the deposit.

AuEQ = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185)

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 Limited'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

Head of Corporate Development and Communications

Phone: (604) 559 8092

E-Mail:

[email protected]

Carsten Ringler

Head of Investor Relations and Communications

Phone:

+49 151 55362000

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 - Plan View