Mr. Fletcher Morgan reports

TDG GOLD CORP. ANNOUNCES CLOSING OF FIRST TRANCHE NON-BROKERED PRIVATE PLACEMENT

TDG Gold Corp. has closed the first tranche of the non-brokered private placement previously announced on Oct. 2, 2023, through the issuance of 11.7 million common shares at a purchase price of 17 cents per share, for total gross proceeds of $1,989,000.

In connection with the first tranche, the company paid a cash finder's fee of $19,720 to an arm's-length finder of the company.

All shares issued in connection with the first tranche are subject to a four-month-and-one-day hold period, in accordance with applicable securities laws and the TSX Venture Exchange policies. The offering is subject to the approval of the exchange.

The company intends to use the net proceeds of the offering for continued exploration on the company's mineral properties and general working capital. Further details regarding the offering and the proposed use of proceeds are contained in the press release of the company dated Oct. 2, 2023.

About TDG Gold Corp.

TDG is a major mineral tenure holder in the historical Toodoggone production corridor of north-central British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership or earn-in agreement. TDG's flagship projects are the former-producing, high-grade gold-silver Shasta and Baker mines, which produced intermittently between 1981 to 2012, and the historical high-grade gold Mets developed prospect, all which are all road accessible and combined have over 65,000 m of historical drilling. The projects have been advanced through compilation of historical data, new geological mapping, geochemical and geophysical surveys, and, at Shasta, 13,250 m of modern HQ drill testing of the known mineralization occurrences and their potential extensions. In May, 2023, TDG published an updated mineral resource estimate for Shasta (see TDG news release May 1, 2023), which remains open at depth and along strike. In January, 2023, TDG defined a larger exploration target area adjacent to Shasta (Greater Shasta-Newberry; see TDG news release Jan. 25, 2023). In September, 2023, TDG published the first modern drill results from the Mets mining lease (see TDG news release Sept. 7, 2023).

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