Mr. Ken Konkin reports

TUDOR GOLD COMMENCES 2023 EXPLORATION DRILLING PROGRAM AT THE TREATY CREEK PROPERTY LOCATED IN NORTHWESTERN BRITISH COLUMBIA

Tudor Gold Corp. has commenced the 2023 exploration program at its flagship property, Treaty Creek, located in the Golden Triangle of northwest British Columbia.

The fully financed program consists of a minimum 25,000-metre diamond drilling campaign that has been developed to target the north and northeast mineral extensions of the Goldstorm deposit, where drilling in 2021 and 2022 intercepted the highest grades of gold, copper and silver mineralization at Treaty Creek to date. These results contributed to a significantly upgraded mineral resource estimate recently announced by the company in a news release dated March 15, 2023, which reported an indicated mineral resource of 23.37 million ounces (oz) of gold equivalent (AuEq) grading 1.13 grams per tonne gold equivalent and an inferred mineral resource of 7.35 million oz of AuEq grading 0.98 g/t AuEq.

In addition to the northern stepout drilling at the Goldstorm deposit, the company plans to carry out exploration drilling at the Perfectstorm zone (PSZ) to follow up on six drill holes that were drilled in 2020 and 2021 which all intercepted gold and silver mineralization, highlighted by hole PS-21-06, which returned 118 metres of 0.66 g/t gold and 3.69 g/t silver including 31.5 m of 0.84 g/t gold and 6.09 g/t silver. PSZ is a gold-dominant mineralized system measuring 1.3 kilometres in strike length and is located approximately 2.5 km southwest of the Goldstorm deposit and approximately 2.5 km northeast of Seabridge Gold's Iron Cap deposit near the southwestern boundary of the Treaty claim block.

Ken Konkin, president and chief executive officer, comments: "Congratulations to our field crews for yet again another safe and successful start-up utilizing our winter road route. We thank our good neighbours to the south at Brucejack Lake, Newcrest Mining, for all their assistance during the process. We plan to pick up the drilling where we left off at the end of 2022. We will concentrate on pushing out the resource in the areas of highest grades throughout the 300H, CS-600 and DS-5 domains with four drill rigs. Two are currently drilling the northern aspects of these domains with another two rigs expected to arrive on site by mid-May. In addition, we plan to attack the Perfectstorm system. Based on favourable drill results from 2020 and 2021 as well as the reconnaissance surface geochem from 2023, we plan on putting two drill rigs on this target by late June. With four deep drill rigs at the Goldstorm deposit, we hope to continue to add high-quality gold ounces to our current resource model, as well as discover favourable Au-Cu-Ag mineralization at the Perfectstorm system. All core will be transported to our Bitter Creek core shack near Stewart, B.C., for logging and sampling. This facility enables us to give core tours throughout the entire year, including winter months."

Qualified person

The qualified person for this news release for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects is the company's president and chief executive officer, Ken 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 Treaty Creek

The Treaty Creek project hosts the Goldstorm deposit, a large gold-copper porphyry system, as well as several other mineralized zones. As disclosed in the March news release, the Goldstorm deposit has an indicated mineral resource (as defined in NI 43-101) of 23.37 million oz of AuEq grading 1.13 g/t AuEq (18.75 million oz gold grading 0.91 g/t, 2.18 billion pounds copper grading 0.15 per cent, 112.4 million oz silver grading 5.45 g/t) and an inferred mineral resource (as defined in NI 43-101) of 7.35 million oz of AuEq grading 0.98 g/t AuEq (5.54 million oz gold grading 0.74 g/t, 850,000 pounds copper grading 0.16 per cent, 45.08 million oz silver grading 5.99 g/t), with a pit constrained cut-off of 0.5 g/t AuEq and an underground cut-off of 0.7 g/t AuEq. The Goldstorm deposit has been categorized into three dominant mineral domains and several smaller mineral domains. The CS-600 domain largely consists of an intermediate intrusive stock and hosts the majority of the copper mineralization within the Goldstorm deposit. CS-600 has an indicated mineral resource of 9.86 million oz AuEq grading 1.10 g/t AuEq (6.22 million oz gold grading 0.70 g/t, 1.98 billion lb copper grading 0.32 per cent, 51.1 million oz silver grading 5.71 g/t) and an inferred mineral resource of 3.71 million oz AuEq grading 1.19 g/t AuEq (2.32 million oz gold grading 0.75 g/t, 760,000 billion lb copper grading 0.36 per cent, 18.71 million oz silver grading 6.01 g/t). The Goldstorm deposit remains open in all directions and requires further exploration drilling to determine the size and extent of the deposit.

About Tudor Gold Corp.

Tudor Gold is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle (Canada), 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 Newcrest Mining's Brucejack property to the southeast.

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