Mr. Ken Konkin reports

TUDOR GOLD INTERSECTS WIDE GOLD INTERVALS IN TWO 150 METER NORTHEAST STEP-OUT HOLES AT THE GOLDSTORM DEPOSIT, TREATY CREEK

Tudor Gold Corp. has presented the first set of drill results for the 2023 exploration program at its flagship property, Treaty Creek, located in the heart of the Golden Triangle of northwestern British Columbia.

Since the beginning of this year's program, the company has completed over 12,000 metres of drilling, within areas encompassing the Goldstorm deposit and the Perfectstorm zone. The five drill holes reported in this release are located in the northeastern area of the Goldstorm deposit.

Ken Konkin, president and chief executive officer, commented: "We are very pleased to report the discovery of continued strong gold, silver and copper mineralization outside of the previously defined resource area with 150-metre stepout holes GS-23-164 and GS-23-167. The overall strength and consistency of the Goldstorm system continues to amaze our technical team as the deposit remains open in all directions and at depth. Our continued success of these critical first-round results has prompted us to build several more drill pads designed to test all northern aspects to all domains as there appears to be no end in sight to the Goldstorm Au-Cu-Ag mineralization as of yet. Equally important was the success of definition hole GS-23-168 within a vast block of the 300H domain. The goal is to increase drilling density to potentially upgrade this large block into the indicated category from the inferred category of the mineral resource. GS-23-168 intersected 309.0 m of 1.02 grams per tonne gold equivalent, including an enriched portion averaging 1.40 g/t AuEq over 204.0 m, with a core of 1.99 g/t AuEq over 75 m. Based on these very encouraging results, we have decided to pursue the northern aspects of the Goldstorm deposit with five drill rigs, leaving one exploration rig to further drill test the Perfectstorm zone."

Goldstorm deposit stepout drilling

Section 119+50 northeast:

• GS-23-164, a 150-metre northeast stepout was drilled to target the gold-dominant DS-5 domain. Mineralization was encountered over a length of 412.5 m grading 1.01 g/t AuEq (0.93 g/t Au, 6.26 g/t Ag and 0.01 per cent Cu), containing a higher-grade intercept of 124.5 m grading 1.51 g/t AuEq (1.38 g/t Au, 11.54 g/t Ag and 0.01 per cent Cu) with a very rich segment over 7.5 m of 11.56 g/t AuEq (11.46 g/t Au, 9.34 g/t Ag and 0.01 per cent Cu). The DS-5 domain remains open to the north and northeast. Another stepout drill pad was constructed 150 m to the north of this drill hole to allow continued exploration of the DS-5 domain and the gold-copper-dominant CS-600 domain.
• GS-23-167, a 150-metre northeast stepout of the CS-600 domain, was drilled to expand the domain outside of the northeastern edge of the 2023 mineral resource area. The drill hole returned an intercept of 337.5 m averaging 1.31 g/t AuEq (0.87 g/t Au, 6.89 g/t Ag and 0.32 per cent Cu) with an enriched zone of 94.5 m averaging 1.80 g/t AuEq (1.14 g/t Au, 9.87 g/t Ag and 0.47 per cent Cu). Additional stepout drill holes have been completed, or are currently under way, to continue expanding the CS-600 domain (GS-23-169, GS-23-170 and GS-23-172). Assays will be released when they are received and reviewed.

Goldstorm deposit definition and infill drilling

Section 117+00 NE:

• GS-23-168: This hole intercepted unexpected 300-H domain mineralization. Starting at 462 m, an intercept over a drill length of 309.0 m averaged 1.02 g/t AuEq (0.96 g/t Au, 4.62 g/t Ag and 0.01 per cent Cu) with an enriched segment of 27.0 m grading 3.15 g/t AuEq (3.07 g/t Au, 6.80 g/t Ag and 0.01 per cent Cu). This hole was shut down and had a wedge set at 684 m down ole to improve its target of the CS-600 domain at depth. This wedged drill hole, GS-23-168-W1, is currently at a depth of 1,900 m, drilling through a strongly mineralized area of the CS-600 domain.
• GS-23-163 and GS-23-165: These drill holes were not sampled and shut down early due to excessive drill hole deviation. Their original target was redrilled as hole GS-23-168.

Qualified person

The qualified person for this news release for the purposes of National Instrument 43-101 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.

Quality assurance/quality control

Diamond drill core samples were prepared at MSA Labs' preparation laboratory in Terrace, B.C., and assayed at MSA Labs' geochemical laboratory in Langley, B.C. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Labs' quality system complies with the requirements for the international standards ISO 17025 and ISO 9001. MSA Labs is independent of the company.

About Treaty Creek

The Treaty Creek project hosts the Goldstorm deposit, comprising a large gold-copper porphyry system, as well as several other mineralized zones. As disclosed in the "NI 43-101 Technical Report for the Treaty Creek Project," dated April 28, 2023, prepared by Garth Kirkham Geosystems and JDS Energy & Mining Inc., the Goldstorm deposit has an indicated mineral resource of 23.37 million ounces of AuEq grading 1.13 g/t AuEq (18.75 Moz gold grading 0.91 g/t, 2.18 billion pounds copper grading 0.15 per cent and 112.4 Moz silver grading 5.45 g/t) and an inferred mineral resource of 7.35 Moz of AuEq grading 0.98 g/t AuEq (5.54 Moz gold grading 0.74 g/t, 850 million pounds copper grading 0.16 per cent and 45.08 Moz 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 Moz AuEq grading 1.10 g/t AuEq (6.22 Moz 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 Moz AuEq grading 1.19 g/t AuEq (2.32 Moz gold grading 0.75 g/t, 760 million lb copper grading 0.36 per cent and 18.71 Moz 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 metal 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 Newmont Corp.'s Brucejack property to the southeast.

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