Mr. Ken Konkin reports

TUDOR GOLD PROVIDES UPDATE ON 2023 EXPLORATION PROGRAM WITH OVER 5,400 METRES DRILLED AT THE TREATY CREEK PROPERTY, GOLDEN TRIANGLE, BRITISH COLUMBIA

Significant drilling progress has been made on Tudor Gold Corp.'s 2023 exploration program at its flagship property, Treaty Creek, located in the Golden Triangle of northwest British Columbia.

To date, the company has successfully completed over 5,400 metres of infill and stepout drilling, which forms part of a larger diamond drilling campaign spanning at least 25,000 metres. Currently, there are four drill rigs in operation.

The first hole of the season, GS-23-164, a 150-metre stepout to the northeast, has successfully reached its intended depth, intersecting the DS-5 zone. This intersection revealed mineralization and veining from 558 m to 1,083 m, including a consistently observed, strongly altered, stockwork vein zone from 885 m to 972 m, similar to previous DS-5 holes.

Another noteworthy drill hole, GS-23-167, a 170-metre stepout, recently entered the CS-600 zone intercepting disseminated chalcopyrite with minor copper sulphosalts and several semi-massive chalcopyrite veinlets associated with strong silicification and potassic alteration. The Goldstorm system is now approaching 2,000 metres in length along the northeast axis and remains open in all directions and at depth.

Based on the exciting results of holes GS-23-164 and GS-23-167, another stepout drill hole, GS-23-169, was collared and is currently at 357 m of a planned 1,200 m depth targeting a further 150 m northeast stepout from GS-23-167 of the CS-600 zone. Furthermore, the technical team is planning to construct two additional drill pads for future drilling activities located at approximately 150 and 300 metres farther to the northeast. These new drill pad locations will enable continued exploration of gold-copper mineralization targeting the north and northeast extensions of the CS-600 and DS-5 zones.

In addition to the stepout holes, two infill holes are currently targeting areas of the Goldstorm deposit to convert inferred resources to the indicated category. Hole GS-23-166-W1 is at 570 m of a planned 1,150 m depth and targeting a pocket of inferred CS-600 ounces, as well as a northward expansion of the DS-5 zone. Hole GS-23-168 is at 1,008 m of a planned 1,800 m depth and targeting the deep CS-600 zone infilling between holes GS-22-157 and GS-21-113-W2.

Results from the program will be provided by the company once final assays are received and compiled.

Ken Konkin, president and chief executive officer, comments: "The safe and efficient start-up of 2023 exploration campaign has been a huge success. We thank our good neighbours at the Brucejack mine for allowing our ground crews to mobilize drills, equipment and supplies over our winter road by utilizing the Brucejack mine access road. We have successfully completed this exercise over that past few years and we very much appreciate the assistance to allow our crews to safely get the job done. The recent drill intercept in our northeastern-most hole GS-23-167 has prompted our technical team to construct more drill pads to target the northeastern aspect of the deposit as clearly the CS-600 domain continues to expand in this direction. Pad builders are now completing several set-ups for the two remaining drill rigs that are committed to drill the Perfectstorm zone which lies equidistant between our Goldstorm deposit and Seabridge Gold's Iron Cap deposit. We anticipate the start-up of the two rigs at Perfectstorm over the next two to three weeks."

The program

The 25,000 m diamond drilling program at Treaty Creek has been designed to test 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 the Treaty Creek project. These results contributed to a significantly upgraded mineral resource estimate (the March news release), which reported an indicated mineral resource of 23.37 million ounces (oz) of gold equivalent (AuEq) grading 1.13 grams per tonne AuEq 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 m 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 (km) 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.

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 National Instrument 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 of copper grading 0.15 per cent, 112,400 ounces 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 and 850 million lb 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 and 51.1 Moz 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 million 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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