Mr. Fletcher Morgan reports

TDG GOLD IDENTIFIES SECOND COPPER-GOLD PORPHYRY TARGET AT NORTH QUARTZ, BAKER COMPLEX

TDG Gold Corp. has provided a second targeting update focused on the copper-gold-molybdenum (Cu-Au-Mo) porphyry potential within TDG's approximately 53-square-kilometre Baker complex, Toodoggone district, British Columbia. The North Quartz target area is located approximately four km west of the Trident target (see news release dated March 7, 2024), and is bounded by TDG's 100-per-cent-owned Drybrough target to the north and TDG's former-producing Baker mine to the southwest.

North Quartz historically had only shallow drill holes, all reporting appreciable base metal concentrations (see the table entitled "North Quartz drill hole assay summary"). In 2023, TDG assayed for base metals in historical drill core from the Baker B-vein and demonstrated up to 100 metres of more than 1.0 per cent copper equivalent (CuEq) from near surface (news releases dated July 25, Aug. 15 and Sept. 6, 2023). In 2021, TDG completed two diamond drill holes at its 100-per-cent-owned Drybrough target, with both showing anomalous base metals (news release dated April 13, 2022).

This more modern drill information has been combined with historical and modern soil geochemistry, and geophysics, to vector toward a potential porphyry target located beneath North Quartz in a road-accessible target area covering at least approximately five square km.

The Baker-North Quartz target area is road accessible and located more than one km from TDG's Baker camp mill and TSF (tailings storage facility) infrastructure. The target area is on the north and south flanks of a prominent iron-oxide, gossanous, west-northwest-trending ridge adjacent to a regional-scale unconformity (now faulted) between the Toodoggone formation and the Takla group volcanic rocks -- analogous to the Kyba-Nelson Red Line unconformity, which hosts deposits in the Golden Triangle area of British Columbia.

Steven Kramar, TDG's vice-president of exploration, commented: "As we continue our systematic evaluation of our holdings in the Toodoggone, there's compelling data suggesting the Baker complex has the potential to host one or more copper-gold porphyries. The area is characterized by anomalous base and precious metals, in addition to porphyry pathfinder elements such as molybdenum and tellurium, in all geological materials sampled, and geophysics suggests the magnitude and geometry of a large intrusive body at depth. The series of Baker complex target evaluations has already provided two priority drill targets, and we are still evaluating the remaining areas."

Prior exploration work

The North Quartz target area was discovered in the early 1970s, and had several generations of ground-based prospecting and sampling campaigns outlining anomalous copper-molybdenum-lead-zinc-gold-silver (Cu-Mo-Pb-Zn-Au-Ag) concentrations in soil samples, stream sediment samples draining the area, trenches and shallow drill holes. At least seven precious- and base-metal-rich quartz-sulphide veins were identified with orientations orthogonal to the Baker A- and B-veins, suggesting the mineralization may be related, but not directly to the historical Baker mine.

Historical exploration

Historical soils from the North Quartz target area outline an open ended 400 m by 450 m multielement soil anomaly defined by: Cu over 100 part per million (ppm) (ranging from 120 ppm to 375 ppm); Pb over 100 ppm (ranging from 60 ppm to 1,320 ppm); Zn over 100 ppm (ranging from 100 ppm to 255 ppm); Mo over three ppm (ranging from three ppm to 300 ppm); Ag over 1.5 ppm (ranging from 1.5 ppm to nine ppm); and Au over 20 parts per billion (ppb) (ranging from 20 ppb to 180 ppb).

Historical drilling included completion of 2,930 metres in 28 shallow holes, of which only 23 per cent was assayed (assayed core/total hole length) for precious metals and an even smaller amount for base metals. The length-weighted average (LWA) grade of all the available assayed core is 0.15 per cent combined Cu plus Pb plus Zn, with numerous intervals showing highly anomalous base and precious metals (see the table entitled "North Quartz drill hole assay summary").

TDG exploration

TDG completed an airborne ZTEM (z-tipper axis electromagnetic), magnetics and radiometric survey over the entire Baker complex and Greater-Shasta Newberry in 2021. Data outline a large domal high-resistivity feature at depth, interpreted to be an intrusive body overlain by a tabular very-low-resistivity feature that is interpreted to be the sulphide blanket characteristically above mineralizing porphyry intrusions.

An airborne hyperspectral survey (completed in 2022) indicates apparent zonation from magnesium-rich chlorite to iron-rich chlorite across the area, and a broad zone exhibiting a spectral signature of alunite-silica that are typical in the tops of porphyry copper systems. In 2023, TDG conducted a lithic drainage sampling (LDS) program (news release dated Feb. 28, 2024) and samples from small catchment drainages sourced in the target area produced results with highly anomalous concentrations of: (i) Cu (92 ppm to 456 ppm); (ii) Mo (two ppm to 11 ppm); (iii) Zn (98 ppm to 513 ppm); (iv) Au (50 ppb to 2,950 ppb); and (v) Ag (0.4 ppm to 2.62 ppm). The upper limit of these concentrations falls within the top 10 per cent of the overall survey sample population.

Also in 2023, a ground-based very-low-frequency electromagnetics (VLF-EM) and magnetic survey was completed, and final data interpretation is under way.

Geological interpretation

North Quartz is situated along the northeastern contact of the Baker Quartz feldspar porphyry stock to the southwest, and augite porphyritic andesite and basaltic lava flows of Takla Group to the northeast, adjacent to a regional-scale fault that brings Toodoggone volcanics in contact with the Takla on the north valley slope edge.

The Toodoggone-Takla contact is a highly prospective horizon for mineralized systems as this contact is thought to be the analogy of the Stuhini-Hazelton contact where prolific deposits have been discovered in the Golden Triangle, on the western flank of the Bowser basin. High concentrations of base and precious metals in geological materials suggest a base-metal-rich system is close by. Highly altered rocks and mineralized dikes coincident with the ZTEM geophysical responses could be related to an interpreted causative intrusion, appearing as a buried, dome-like, high-resistivity feature covered with blanket-like zone of lower resistivity. The low-resistivity feature is interpreted to be a zone of higher sulphide content associated with the phyllic (quartz-sericite-pyrite)-altered cupola of the interpreted intrusion, consistent with field observations.

Drill core host rocks consist of porphyritic augite andesite, aphanitic andesites, lithic tuffs, fragmental volcanics, siltstones, dacites and dikes of varying compositions, most of them strongly altered by silica plus potassium feldspar (K-spar) plus epidote plus chlorite plus pyrite with sulphide mineralization consisting of pyrite, sphalerite, galena and chalcopyrite. Vein and vein selvage mineralogy is suggestive of a complex hydrothermal environment with dominant assemblages of disseminated chalcopyrite and quartz-chalcopyrite, and subordinate magnetite plus pyrite assemblages.

Qualified person

The technical content of this news release has been reviewed and approved Steven Kramar, MSc, PGeo, vice-president of exploration for TDG Gold, 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 under acquisition. 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 metres 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 metres 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's 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's news release dated Jan. 25, 2023). In 2023, TDG published the first modern drill results from the Mets mining lease (see TDG's news releases dated Sept. 7, 2023, Sept. 11, 2023, and Nov. 28, 2023).

We seek Safe Harbor.