TUDOR GOLD CORP NEW - TDRRF STOCK NEWS

Tudor Gold Corp (TSXV: TUD) has initiated permitting for approximately 3,000 meters of underground development at their Treaty Creek Project in British Columbia's Golden Triangle. The project aims to create an exploration ramp targeting the Supercell Cell One Zone (SC-1) for infill and expansion drilling.

The underground infrastructure is expected to reduce drilling costs and time while potentially serving as air ventilation support for future mining operations. The company plans a year-round drilling program of approximately 25,000 meters focused on the SC-1 Zone, which remains open along strike and plunge. To date, over 10,000 meters of drilling have targeted this zone.

The initiative follows the February 2024 Mineral Reserve Estimate of 27.9 million ounces of AuEq averaging 1.19 g/t AuEq, though the Supercell System discovery results are not included in this estimate. Management believes this development could attract strategic partnerships with experienced mining companies.

Tudor Gold Corp. (TSXV: TUD) has released a review of its 2024 exploration programs at the Treaty Creek project in British Columbia's Golden Triangle. Key highlights include:

- A 19% increase in Indicated Mineral Resource Estimate to 27.87M gold equivalent ounces
- Completion of 10,530 meters of diamond drilling across seven holes
- Discovery of the Supercell-One System with four high-grade gold-bearing breccia structures
- Positive metallurgical test results showing high-quality copper-gold-silver concentrate production

The Goldstorm Deposit's updated resource now contains 21.66M oz gold, 128.73M oz silver, and 2.87B pounds copper in the Indicated category. The deposit remains open in all directions and at depth. Metallurgical testing achieved recoveries of 88.1% copper, 63.8% gold, and 51.3% silver into a concentrate exceeding 29% copper.

Tudor Gold Corp (TSXV: TUD) has announced the retention of specialized outside counsel to challenge the Licence of Occupation issued to KSM Mining ULC (a Seabridge Gold Inc. subsidiary) in September 2024. The legal action aims to protect Tudor's mineral tenure rights from potential interference by Seabridge's proposed MTT Tunnel project.

The company's legal team will pursue all available remedies to maintain Tudor Gold's unimpeded access to its mineral tenures and contest any permits that could adversely affect Tudor's interests. The legal proceedings will be conducted with urgency and due diligence.

Tudor Gold announced positive metallurgical testing results for the Goldstorm Deposit at Treaty Creek. The Lower CS-600 sub-domain showed impressive flotation recoveries of up to 88.1% copper, 63.8% gold, and 51.3% silver. Testing confirmed production of high-grade copper concentrate exceeding 29% copper with gold and silver grades of 33 g/t and 96 g/t respectively. The testing program supports a future Preliminary Economic Assessment (PEA). The lower portion of CS-600 has sufficient volume to mine and process 40,000 tonnes per day over 17 years. Two gold-dominant domains, 300H and DS5, demonstrated high gold recoveries exceeding 94% for the Albion process and 98% for pressure oxidation tests.

Tudor Gold Corp. (TSXV: TUD) has announced the discovery of a fourth high-grade gold target, Supercell-1D (SC-1D), at its Treaty Creek Project in British Columbia's Golden Triangle. The company reported significant drill results from its 2024 exploration program, including:

- Hole GS-24-187: 10.92 g/t AuEQ over 3.00 m within SC-1C and 5.70 g/t AuEQ over 3.00 m within SC-1D

- Hole GS-24-185: 1.01 g/t AuEQ over 200.50 m in the CS-600 Domain and 9.60 g/t AuEQ over 13.50 m in SC-1D

- Hole GS-24-186: 10.40 g/t AuEQ over 1.50 m in SC-1A

The Supercell-One Zone (SC-1) system now extends over 800 m in length and 400 m in depth, with all four stacked, sub-parallel structures remaining open in all directions. The company believes this discovery has great potential to enhance the economic advantage of the Treaty Creek Project.

Tudor Gold Corp. (TSXV: TUD) has responded to Seabridge Gold's press release regarding a license of occupation granted by the Government of British Columbia. Tudor Gold states that it has not received any copy of the license or been informed of the reasons for granting it. The company maintains that:

1. Section 50(1)(a)(ii) of the Land Act restricts any disposition of Crown lands from interfering with mineral tenure rights.

2. No grant of mineral reserve can grant mineral title rights or interfere with pre-existing rights.

Tudor Gold intends to take all necessary steps to protect its mineral tenure rights, property rights, and shareholders. This may include legal action for damages if required. The company will review its options once it receives official documentation and reasons for the license grant from the government.

Tudor Gold Corp. (TSXV: TUD) has signed an agreement with Fuse Advisors to advance its Treaty Creek Project in the Golden Triangle of Northwestern British Columbia. Fuse Advisors will provide project, technical, and advisory services to help Tudor refine its vision and strategy for the Goldstorm gold-copper project. The primary goal is to define the optimal project from technical, environmental, and economic perspectives through various trade-off studies.

Tudor Gold has also engaged SRK Consulting for preliminary studies on mining methods and critical site locations, including tailings management. Fuse Advisors will ensure these deliverables are completed on time, within budget, and to the highest standard for a Preliminary Economic Assessment (PEA). This partnership aims to identify the most suitable engineering firms to drive the project forward and deliver a comprehensive PEA.

Tudor Gold Corp. (TSXV: TUD) (FSE: H56) has granted 6,750,000 stock options to its directors, officers, and consultants. These options are part of the company's stock option plan and come with specific terms:

- Exercise period: 5 years
- Exercise price: $0.96 per option

This move is typically aimed at aligning the interests of key personnel with those of the company and its shareholders, potentially incentivizing long-term performance and retention.

Tudor Gold Corp. (TSXV: TUD) has announced its intention to extend the term of 2,576,000 common share purchase warrants. These warrants, originally issued as part of a private placement that closed on September 22, 2022, are currently set to expire on September 22, 2024. Subject to approval from the TSX Venture Exchange, Tudor Gold plans to extend the expiration date to September 22, 2025. The warrants remain exercisable at a price of $1.75 per share, with all other terms remaining unchanged. This extension could provide warrant holders with an additional year to exercise their rights to purchase Tudor Gold shares at the predetermined price.