Mr. Walter Storm of Tudor Gold reports

TUDOR GOLD CORP. TRENCHES 30,200 G/T SILVER AT THE NEW BLAST ZONE ON THE ELECTRUM PROPERTY

Blasted bedrock trenching on Tudor Gold Corp.'s Electrum property has expanded the high-grade silver-gold mineralization at the New Blast zone.

The Electrum project is a joint venture between project operator Tudor Gold (60 per cent) and American Creek Resources Ltd. (40-per-cent joint venture partner). It is located in the Golden Triangle, north of Stewart, B.C., a region known for its dynamic, large-scale precious metal exploration and mining activities.

The surface blasting program was started after the completion of the 2016 Electrum drill program, from which complete assay results are still pending and will be released once received and compiled. In total, 19 drill holes, totalling 1,406 metres, were completed. A total of 1,492 core samples were collected and assayed. Standard sample interval was one metre with 0.25-metre subsamples collected to test contacts and anomalous intervals. A specialized diamond coring drill was utilized which has the capability to drill flat holes and provides the ability to drill targets of interest with more precision. Low-angle drill geometry allows Tudor Gold to take advantage of mountainside geometry and follow the surface exposed mineralization down dip.

Twelve representative specimens were collected across a central vein system on New Blast zone. It is approximately five metres wide and currently exposed for 15 metres along strike. The vein system is open in both directions and at depth. The central axis of the vein system is infilled with a fine-grained blackish, blue-grey mineralization. The northern contact of which is a 0.5-metre-wide sharp-edged quartz fragments in a foliated sulphide-quartz-carbonate matrix. The sulphides are pyrite and pyrrhotite, with thin galena/silver seams. The 12 representative specimens collected from the structure average 3,461.92 grams (111.30 ounces) silver per tonne and 2.24 grams gold per tonne. An eight-centimetre-wide silver sulphide core seam returned 30,200 grams (1,065.3 ounces) silver per tonne.

The attached table lists the New Blast zone results.

Analyte symbol                                                   Au       Ag
Unit symbol                                                     g/t      g/t
Detection limit                                               0.005        3
Analysis method                                               FA-AA   FA-GRA   
                          Trench No.       Field description

E903305                       NBT01       vuggy central vein   2.57      866
E903306                       NBT01        vuggy quartz vein   1.64      381
E903307                       NBT01      fine grained galena   1.01     2670
E903308                       NBT01                    gouge   4.67     3070
E902451                       NBT01       Quartz sulphide bx  0.212    30200
E902454                       NBT01              Quartz vein   1.49       36
E902456                       NBT01    Rk 1 and Rk 2 contact   5.78     1020
E902459                       NBT01            Rk type 1 ore   5.03     1500
E902462                       NBT01     Rk type 2 (footwall)   1.43      787
E902465                       NBT01    massive sulphide (py)  0.296       46
E902467                       NBT01  Rk type 3 (hangingwall)   1.68      922
E902468                       NBT01   Quartz galena crystals   1.11       45

Analyte symbol                    As            Cu           Pb           Zn
Unit symbol                        %             %            %            %
Detection limit                 0.01         0.001        0.003        0.001
Analysis method              ICP-OES       ICP-OES      ICP-OES      ICP-OES

E903305                         0.02         0.033         4.37        0.062
                           less than
E903306                         0.01         0.012        0.894        0.068
E903307                         0.08          0.33         31.4         1.86
E903308                         0.11         0.035           18        0.105
E902451                         0.03         0.002        0.081        0.004
E902454                         0.03         0.021        0.183          0.2
E902456                         0.13         0.523         5.47         7.51
E902459                          0.1         0.456         7.95         15.2
E902462                          0.1         0.339         5.89         11.6
E902465                         0.05         0.002        0.011        0.011
E902467                         0.02         0.018         2.61         0.06
E902468                         0.02         0.045        0.231        0.749

Trenching continues with blasting on the Shiny Cliff vein mineralization. It has exposed mineralization, which is similar in nature to that at the New Blast zone. Blast rock samples from the Shiny Cliff area have been sent in for analysis. Trenching and sampling are continuing to see if the mineralization connects between the Shiny Cliff and New Blast.

Based on the results, the company intends on applying for a permit from the British Columbia Ministry of Energy and Mines to remove a bulk sample of mineralized material from the Electrum property. The bulk sample program is intended to investigate the metallurgical properties and determine mineralized grades.

Walter Storm, president and chief executive officer, stated, "We are very pleased with the results of the work on the Electrum this summer as we have increased the known mineralized gold and silver zones."

The Electrum project (historical East gold mine) is located approximately 25 kilometres south of Pretium's Brucejack gold mine. The Electrum is road accessible and is only 45 kilometres from world-class concentrate shipping port facilities located in Stewart.

Quality assurance/quality control

Analytical work for trench specimens is being carried out by Actlabs Kamloops (accredited laboratory No. 790). Quality assurance and quality control programs include the use of analytical blanks and standards and duplicates in addition to the lab's own internal quality assurance program.

All specimens were first analyzed according to the following procedures.

1. Gold (0.005 part per million to 10 parts per million) by 30-gram fire assay/AA where gold greater than three grams per tonne; automatically analyze a new 250-gram reject split for gold by 50-gram fire assay/gravimetric finish;
2. Silver (three grams per tonne to 10,000 grams per tonne) by 30-gram fire assay/gravimetric finish;
3. Assay grade, 0.5-gram aqua regia (partial) digestion with ICP-OES analysis for the following four elements and detection limits: arsenic (0.01 per cent), copper (0.001 per cent), lead (0.003 per cent) and zinc (0.001 per cent).

All samples were then treated by gold-by-metallic-screen fire assay. This entails a representative 1,000 grams of pulverized sample sieved at 100 mesh (150 microns), with assays performed on the entire plus-100-mesh fraction and two splits of the minus-100-mesh fraction. A final assay is calculated based on the weight of each fraction.

The qualified person for the Electrum exploration program is Alex Burton, PEng, PGeo, for the purposes of National Instrument 43-101.

About the company

Tudor Gold is focused on being 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 company has a 60-per-cent interest in both the Electrum and Treaty Creek properties, and a 100-per-cent interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North properties, all of which are located in the Golden Triangle area.

We seek Safe Harbor.