Mr. Ken Konkin reports

TUDOR GOLD PREPARES FOR 2023 EXPLORATION PROGRAM AT TREATY CREEK, NORTHWEST BRITISH COLUMBIA

Crews have been mobilized in preparation for Tudor Gold Corp.'s coming 2023 exploration program at its flagship property, Treaty Creek, located in the Golden Triangle of northwest British Columbia. Crews are now transporting heavy equipment and drilling supplies to the Treaty Creek site along the winter access from the nearby Brucejack mine access road and preparing the camps for the coming 2023 exploration campaign, which is anticipated to commence in early May.

The 2023 exploration program is anticipated to comprise a drill hole program totalling a minimum of 20,000 metres at the Goldstorm deposit and will target the north and northeast mineral extensions where the 2021 and 2022 drill hole programs intercepted gold, copper and silver mineralization. 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 (Moz) of gold equivalent (AuEq) grading 1.13 grams per tonne AuEq and an inferred mineral resource of 7.35 Moz of AuEq grading 0.98 g/t AuEq.

In addition to the 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, 3.69 g/t silver and 31.5 metres of 0.84 g/t gold, 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 kilometres southwest of the Goldstorm deposit and approximately 2.5 kilometres northeast from Seabridge Gold's Iron Cap deposit near the southwestern boundary of the Treaty claim block.

Tudor Gold also announces that the company has engaged Tad Crowie (PEng) and JDS Energy and Mining to oversee metallurgical testing on the Goldstorm deposit, which currently involves an expanded preliminary testing program performed by Blue Coast Metallurgy Ltd. Preliminary metallurgical testing reported to date by the company has only been carried out on a small area of the 300 Horizon domain. The expanded metallurgical study is anticipated to include broad testing of the CS-600 and DS5 domains and specifically includes material that was drilled in the 2021 and 2022 drill campaigns. Tests will also be expanded on the 300H and Copper Belle domains to better understand the potential for metallurgical variability across the Goldstorm deposit. Outcomes of metallurgical testing are expected to be announced once the results have been received and interpreted by the company.

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 Moz of AuEq grading 1.13 g/t AuEq (18.75 Moz gold grading 0.91 g/t, 2.18 billion pounds (Blb) copper grading 0.15 per cent, 112.4 Moz silver grading 5.45 g/t) and an inferred mineral resource (as defined in NI 43-101) of 7.35 Moz of AuEq grading 0.98 g/t AuEq (5.54 Moz gold grading 0.74 g/t, 0.85 Blb copper grading 0.16 per cent, 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 Blb copper grading 0.32 per cent, 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, 0.76 Blb copper grading 0.36 per cent, 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 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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