Mr. Walter Storm reports

TUDOR GOLD FURTHER EXTENDS THE GOLDSTORM MINERALIZATION WITH AN ADDITIONAL 150M STEP-OUT ALONG STRIKE INTERCEPTING THE LARGEST GOLD INTERVAL DRILLED TO DATE; 1081.5M AVERAGING 0.589 G/T GOLD INCLUDING AN UPPER INTERVAL OF 301.5M CONTAINING 0.828 G/T GOLD

Tudor Gold Corp. has released results from two deep vertical diamond drill holes (drilled to a depth of over 1,000 metres) and four definition drill holes intercepting significant mineralization at the Goldstorm zone on the company's flagship Treaty Creek property, located in the Golden Triangle of northwestern British Columbia.

Goldstorm extension

Hole GS19-47 was drilled as a 150-metre stepout from hole GS19-42 (reported July 30, 2019, averaging 0.683 gram per tonne gold over 780 m) and was drilled vertically to a total depth of 1,199 m, ending in mineralization. The hole contains strong stockwork with gold-bearing mineralization accompanied by significant base metal disseminated sulphide mineralization averaging 0.589 g/t Au over 1,081.5 m including an upper interval of 0.828 g/t Au over 301.5 m and a lower interval of 0.930 g/t Au over 207 m. The hole was stopped in mineralization due to the drill rig reaching its depth limitation; however, casing was left in the hole for possible continuation next year.

This 1,500-metre stepout hole confirms that the Goldstorm system is gaining strength to the northeast. With this strongly mineralized intercept, the Goldstorm zone has been extended by a total of 300 m this year from the best hole drilled in 2018 (CB18-39, averaging 0.981 g/t Au over 563.8 m) and has now been traced along strike for over 800 metres.

Goldstorm definition drilling

A second deep vertical hole, GS19-48, was drilled to a total depth of 1,035 m from the same pad as CB18-39 (drilled in 2018). The results exhibit excellent continuity of mineralization between holes and this drill hole returned 0.725 g/t Au over 838.5 m, including a near-surface interval of 328.5 m averaging 1.048 g/t gold Au.

Four footwall definition holes (GS19-43 to GS19-46) drilled on Section 109-00 NE, were successful in extending the width of the mineralized zone, to the southeast into the footwall of the controlling fault structure:

• Hole GS19-43 returned an average of 0.566 g/t Au over 493.5 m.
• Hole GS19-44 returned an average of 0.807 g/t Au over 267 m including 1.065 g/t Au over 150 m.
• Hole GS19-45 returned an average of 0.719 g/t Au over 325.5 m including 1.000 g/t Au over 173 m.
• Hole GS19-46 returned an average of 0.510 g/t Au over 594 m including 0.734 g/t Au over 162 m.

Tudor Gold exploration manager Ken Konkin explained: "Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm system shows no signs of weakening to the northeast and several more drill holes will be required to find the length and depth of this huge gold system. Hole GS19-47 showed a very strong quartz stockwork system and was still in gold values at the end of the 1,199-metre drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 metres. This is the first time we've seen this strength of gold mineralization at depth. Furthermore a strong copper association was encountered with gold values at depth in both GS19-47 and GS19-48.

"A 151.5 m zone of 0.22 per cent copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 metres in GS19-47 and a 66.0 m zone of 0.35 per cent copper with 0.958 g/t gold was intercepted from 874.5 to 940.5 m in GS19-48.

"Not only does the Goldstorm zone remain open at depth and along strike, we are now seeing base metal associations possibly as part of a zonation within the metal system."

The associated table provides gold composites from the six drill holes completed on three sections that cut the Goldstorm zone.

               GOLD COMPOSITES FOR GS19-48 TO GS19-43 

Hole ID              From             To       Interval           Gold
                      (m)            (m)            (m)          (g/t)

GS19-47             117.5          1,199        1,081.5          0.589
including             200          501.5          301.5          0.828
and                   986          1,193            207           0.93
GS19-48              97.5            936          838.5          0.725
including            97.5            426          328.5          1.048
GS19-43                68          561.5          493.5          0.566
including           141.5          561.5            420          0.605
including           141.5            197           55.5          1.005
GS19-44               101            368            267          0.807
including             125            275            150          1.065
GS19-45                44          369.5          325.5          0.719
including              62            278            216          0.901
including             105            278            173          1.000
GS19-46              34.5          628.5            594           0.51
including           175.5          337.5            162          0.734
including             564            600             36          1.328

* All assay values are uncut and intervals reflect drilled 
intercept lengths.
* True widths of the mineralization have not been determined.

Goldstorm zone drill sections 109-00 NE, 111-00 NE and 114-00 NE

Section 114-00 NE is a 300 m stepout on strike from 111-00 NE and hole GS19-47 hosts what is now the longest and deepest gold intercept on the project to date.

Section 111-00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.

Section 109-00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.

Goldstorm zone plan map

The Goldstorm zone now extends more than 800 metres in strike length and remains open along strike to the northeast and southwest as well as to depth.

Goldstorm zone drill sections and the plan map are included at the bottom of the news release and on the company's website.

The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.

Walter Storm, president and chief executive officer, stated: "I am very pleased to see that all nine holes drilled have reported very good results and we have not missed on any stepout targets nor any footwall extension holes, they were all hits. These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system. I am looking forward to continuing our exploration efforts in order to unlock the full potential of this large gold system."

Quality assurance/quality control

Drill core samples were prepared at MSA Labs' preparation laboratory in Terrace, B.C., and assayed at MSA Labs' geochemical laboratory in Langley, B.C. 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.

Qualified person

The qualified person for this news release for the purposes of National Instrument 43-101 is the company's exploration manager, Mr. Konkin, PGeo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About Tudor Gold Corp.

Tudor Gold is a precious and base metals explorer with properties in British Columbia's Golden Triangle, 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-per-cent interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Pretium Resources Inc.'s Brucejack property to the southeast. The company also has a 60-per-cent interest in the Electrum project, earn in options and 100-per-cent interest in other prospective exploration projects located in the Golden Triangle area.

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