Mr. Steven Kramar reports

TDG GOLD ASSAYS 43 METRES OF 2.11 G/T AUEQ FROM 20 METRES DEPTH AT SHASTA, TOODOGGONE

TDG Gold Corp. has released the first batch of assay results from the historical core relogging and resampling program undertaken at its Shasta gold-silver deposit, located in the Toodoggone area, north-central British Columbia.

TDG relogged, resampled and assayed 26 diamond drill holes, totalling approximately 2,900 metres of core, dating from 2007 and 2010, all drilled within the footprint of the existing Shasta mineral resource estimate (MRE). No historical assay results for the 2007 series drill holes were available and no collar locations for the 2010 series drill holes were previously verified. Neither series (except for two of the 2010 drill holes) were utilized in the current Shasta MRE published by TDG (news release dated May 1, 2023). The collar locations have now been verified, and the new assay data support inclusion of these higher-grade, near-surface intercepts in a future MRE.

Highlights include (see an attached table for complete results):

• SH07-16 (JM East) -- 60 metres grading 1.04 grams per tonne gold and 57 g/t silver (1.75 g/t gold equivalent) from 3.0 m depth and ending in mineralization:
  • Including 43.1 m grading 1.27 g/t Au and 67 g/t Ag (2.11 g/t AuEq) from 20.0 m depth.
• SH07-04 (Shasta) -- 65.0 m grading 0.64 g/t Au and 18 g/t Ag (0.87 g/t AuEq) from 78.0 m depth:
  • Including 25.7 m grading 1.52 g/t Au and 40 g/t Ag (2.02 g/t AuEq) from 78.0 m depth.
• SH07-10 (Creek) -- 53.0 m grading 1.08 g/t Au and 33 g/t Ag (1.49 g/t AuEq) from 66.0 m depth:
  • Including 25.3 m grading 1.93 g/t Au and 62 g/t Ag (2.71 g/t AuEq) from 72.0 m depth.
• SH07-14 (Creek) -- 63.7 m grading 0.87 g/t Au and 42 g/t Ag (1.40 g/t AuEq) from 43.8 m depth:
  • Including 28.5 m grading 1.56 g/t Au and 86 g/t Ag (2.63 g/t AuEq) from 45.5 m depth.

Steven Kramar, TDG's vice-president of exploration, commented: "Historical sampling of core was focused on narrow zones of higher-grade mineralization. TDG's systematic recovery of this legacy core, followed by relogging, resampling and assaying of the entire mineralized envelope, has yielded meaningful rewards, demonstrating consistent wide zones of gold-silver mineralization that encompass notable intercepts with significantly higher grades. With these data, including more detailed logging and geochemistry, we can better define controls on mineralization and use that knowledge to extrapolate potential extensions to the current MRE. We will be reviewing these new assay results to determine how they might influence the current Shasta MRE."

2007 series drilling

The 2007 diamond drilling was mostly located along the western side of the Shasta deposit, in the Shasta zone. Historically, core was cut and sent for analysis, but the legacy data (assays and drill logs) were never located by TDG. TDG has now successfully located and validated the 2007 series drill collars and subsequently relogged, resampled and sent all recoverable drill core for analysis of the precious metal content and a full suite of multielement geochemistry. These drill holes add additional multielement data to TDG's existing database, and the precious metal assay results may positively impact the current Shasta MRE by improving confidence between existing drill holes and adding higher grades in areas with sparse drilling.

2010 series drilling

The 2010 series of diamond drilling was focused within the Cayley-Rainer zone. This zone has demonstrated the potential to host bonanza grades, with SH21-022 intersecting 1.5 m grading 50.2 g/t Au and 4,871 g/t Ag (111 g/t AuEq) from 113.5 m depth (see news release dated Feb. 7, 2022). Previously, the 2010 series drilling also suffered from poor collar validation, and only two drill holes were sufficiently accurately recorded to support inclusion within the 2023 MRE calculation. As with the 2007 drill holes, the remaining 2010 drill collars have since been validated, and therefore these data may now be used in a potential MRE update. Additionally, these new assays and geochemical data could provide clues on vectoring between the Cayley-Rainer zone and the JM zone (approximately 400 m distance). This is an area where drill and historical assay density is currently the lowest at Shasta, and the new information could potentially expand the bonanza-grade mineralization intercepted in 2021.

1980s series drilling

In 2023, TDG also undertook a broader relogging, resampling and assaying program to target: (i) the satellite deposits within the Greater Shasta target area; and (ii) potential extensions to the mineralization at the Shasta deposit. The drill core from the Cody Lee target area and the Fisher target area were recovered, and cores from seven and six holes, respectively, were relogged, resampled and assayed in entirety; results are pending. Around the main Shasta deposit, drill cores with the potential to assist in upgrading the MRE and provide valuable multielement data were also relogged and resampled from the JM East, Shasta North and Shasta Creek areas, all within the MRE area. These samples are being processed through the assay laboratory, and results will be published in due course.

Quality assurance/quality control

Samples for the Shasta 2023 relogging, resampling and assay program were handled via rigorous chain of custody, through sample collection, processing and delivery to the ALS Global laboratory in either North Vancouver or Kamloops, B.C. The drill core was logged, photographed and sampled at TDG's Baker mine site and processed by geologists and technicians. The drill core selected for sampling was either: (i) already split from previous sampling (mechanized core splitter or rarely diamond saw) and sample intervals were utilized (where applicable) to follow along historical sampling intervals; or (ii) intervals with no previous sampling were split using a mechanical splitter. The drill core selected for sampling was then placed in zip-tied polyurethane bags, then in security-sealed rice bags before being delivered directly by TDG staff from the Baker mine site, to Bandstra Transportation Systems in Prince George, ultimately to the ALS Global facility in North Vancouver or Kamloops, B.C. Samples were prepared and analyzed following procedures: PREP-31BN for sample preparation; AU-AA25 for Au; and ME-MS61 for Ag and trace elements. Overlimit concentrations of precious metals or base metals were analyzed (where applicable) by AU-GRA22, AG-GRA21, and/or ME-OG62 for Au, Ag and base metals, respectively. Information about methodology can be found on the ALS Global website.

Quality assurance/quality control is maintained internally at the lab through rigorous use of internal certified reference materials (CRMs), blanks and duplicates. An additional quality assurance/quality control program was administered by TDG through the verification of lab results via use of CRMs and blank (unmineralized) samples that were blindly inserted into the sample batch. Duplicates (pulp) were selected approximately every 20 samples by internal lab procedures. If a quality assurance/quality control sample returns an unacceptable value, an investigation into the results is triggered and, when deemed necessary, the samples that were tested in the batch with the failed quality assurance/quality control sample are retested.

Qualified person

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

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 past-producing, high-grade Shasta and Baker gold-silver mines, which produced intermittently between 1981 and 2012, and the historical, high-grade, developed Mets gold 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 dated 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 dated Jan. 25, 2023). In 2023, TDG published the first modern drill results from the Mets mining lease (see TDG news releases dated Sept. 7, 2023, Sept. 11, 2023, and Nov. 28, 2023).

We seek Safe Harbor.