Mr. Steven Kramar reports

TDG GOLD DEFINES TARGETS WITHIN TWO POTENTIAL PARALLEL TRENDS AT METS, TOODOGGONE

TDG Gold Corp. has provided the third and final targeting from TDG's 100-per-cent-owned Mets mining lease located in the Toodoggone district of north-central British Columbia.

This news release describes additional targets resulting from interpretation of TDG's high-resolution geophysical program conducted at Mets in 2023 identifying approximately 1,400 metres (m) of potential additional trends comprising two new target areas that have never been drill tested: Mets Southwest and Mets Northeast; and a third target with a distinct ring-shape geophysical feature (Ringo) suggestive of an alteration feature rimming an intrusive or volcanic centre.

Steven Kramar, TDG's vice-president, exploration, commented: "Mets Southwest and Mets Northeast trends appear to be compelling target areas. The Mets Southwest trend presents geophysical, geochemical and topographical lineaments that are very similar to those hosting the A-zone."

The high-grade gold within the Mets A-zone, confirmed by TDG's drilling in 2023, appears to be coincident with certain distinct geophysical characteristics. TDG has used these characteristics to define other target areas, including potential northern and southern extensions to anomalies associated with the A-zone (see news releases Jan. 8, 2024, and Jan. 15, 2024) and, in this news release, to two parallel trends.

Mets Southwest trend

This trend is defined by a very strong north-south conductive zone and coincident magnetic susceptibility low. The target area extends over approximately 900 m, and the geophysical features have similar magnitudes as over the Mets A-zone. The trend is characterized as a very low-frequency electromagnetic (VLF-EM) response that appears to be developing at depth, a coincident characteristic magnetic susceptibility low and a soil geochemical anomaly (see news release Nov. 14, 2023). This is a highly prospective trend with the same orientation and similar geophysical characteristics as the trend hosting the A-zone, and has nearly no historical work with the closest drill hole being over 500 m away.

Mets Northeast trend

This trend is defined by approximately 500 m of anomalous geophysics that is parallel to the trend hosting the high-grade Mets A-zone. This anomalous trend is along a larger regional silver-in-soil anomaly (identified by Manson Creek Resources in the 1980s) that extends beyond the Mets mining lease boundaries (see news release Nov. 14, 2023), and may coincide with a larger regional structure through the area that aligns with other known epithermal Au-Ag occurrences. This feature has not been drilled to date.

Ringo target

A circular magnetic anomaly identified in the TDG ground magnetics surveys is located 300 m (to the centre) to the northeast of the Mets A-zone. The feature has a distinctive doughnut shape suggestive of an alteration feature rimming an intrusive or volcanic centre with its northeastern limb described as the northeast trend. This feature occurs along a major north-northwest-trending topographic, geophysical and geochemical lineament interpreted to be a regional-scale fault that is coincident with a series of historical Au-Ag prospects. Historical drill hole MT87-59 drilled into the centre of the feature but was only selectively assayed near the top of the drill hole, with only 6 per cent of the total metres of the drill hole assayed, and no assays past 68 m. Historical drill hole MT87-60 was redrilled into this zone and stopped abruptly at 40 m. Neither of these drill holes represent an appropriate test of this feature. This target is at an early stage and additional work is warranted to determine the source of the anomaly.

Qualified person

The technical content of this news release has been reviewed and approved Mr. Kramar, MSc, PGeo, vice-president, exploration, for TDG Gold, a qualified person as defined by National Instrument 43-101.

AMEBC Roundup (Core Shack) Jan. 22 to 23, 2024

TDG will be at the AMEBC Roundup Conference (Core Shack booth No. 827) in Vancouver from Jan. 22 to 23, 2024, at the Vancouver Convention Center East and will be pleased to provide further information and updates on the company and its projects.

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 and 2012, and the historical high-grade gold Mets developed prospect, all of which are 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 late 2023, TDG published the first modern drill results from the Mets mining lease (see TDG news releases Sept. 7, 2023, Sept. 11, 2023, Nov. 28, 2023, and Dec. 4, 2023). In 2024, TDG published the first 3-D geophysical images from its 2023 high-resolution geophysical survey at Mets (see TDG news releases Jan. 8, 2024, and Jan. 15, 2024).

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