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Tudor Gold Announces Appointment of Mr. Joe Ovsenek to the Board of Directors

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Tudor Gold Corp. (TSXV: TUD) has appointed Joe Ovsenek to its Board of Directors, effective immediately. Ovsenek, currently President and CEO of P2 Gold Inc., brings over 20 years of experience in the precious metals industry and will help advance the Treaty Creek gold, copper and silver property in British Columbia's Golden Triangle.

Ovsenek's notable achievements include leading Pretium Resources Inc. as President and CEO, where he developed the profitable Brucejack Mine. He previously served 15 years in senior management at Silver Standard Resources Inc. He holds degrees from the University of British Columbia and University of Toronto, along with professional engineering credentials and a Chartered Director designation.

Daniel Le Dressay will step down from the Board but continue as Legal Advisor, focusing on legal matters with Seabridge Gold Inc. regarding the Mitchell Treaty Creek Tunnel project permits and protecting Tudor's mineral interests.

Tudor Gold Corp. (TSXV: TUD) ha nominato Joe Ovsenek nel suo Consiglio di Amministrazione, con effetto immediato. Ovsenek, attualmente Presidente e CEO di P2 Gold Inc., porta con sé oltre 20 anni di esperienza nell'industria dei metalli preziosi e aiuterà a sviluppare la proprietà di oro, rame e argento di Treaty Creek, situata nel Golden Triangle della Columbia Britannica.

Tra i risultati significativi di Ovsenek c'è la guida di Pretium Resources Inc. come Presidente e CEO, dove ha sviluppato la redditizia miniera di Brucejack. Ha precedentemente ricoperto ruoli dirigenziali per 15 anni presso Silver Standard Resources Inc. Possiede lauree dall'Università della Columbia Britannica e dall'Università di Toronto, insieme a credenziali di ingegneria professionale e alla designazione di Chartered Director.

Daniel Le Dressay si dimetterà dal Consiglio ma continuerà come Consigliere Legale, concentrandosi su questioni legali con Seabridge Gold Inc. riguardo ai permessi del progetto di tunnel Mitchell Treaty Creek e alla protezione degli interessi minerari di Tudor.

Tudor Gold Corp. (TSXV: TUD) ha nombrado a Joe Ovsenek en su Junta Directiva, con efecto inmediato. Ovsenek, que actualmente es Presidente y CEO de P2 Gold Inc., aporta más de 20 años de experiencia en la industria de metales preciosos y ayudará a avanzar en la propiedad de oro, cobre y plata de Treaty Creek, ubicada en el Triángulo Dorado de Columbia Británica.

Entre los logros destacados de Ovsenek se encuentra su liderazgo en Pretium Resources Inc. como Presidente y CEO, donde desarrolló la rentable mina de Brucejack. Anteriormente trabajó 15 años en la alta dirección de Silver Standard Resources Inc. Posee títulos de la Universidad de Columbia Británica y de la Universidad de Toronto, junto con credenciales de ingeniería profesional y la designación de Chartered Director.

Daniel Le Dressay renunciará a la Junta, pero continuará como Asesor Legal, enfocándose en cuestiones legales con Seabridge Gold Inc. respecto a los permisos del proyecto del túnel Mitchell Treaty Creek y en la protección de los intereses minerales de Tudor.

Tudor Gold Corp. (TSXV: TUD)는 Joe Ovsenek을 이사회의 구성원으로 즉시 임명했습니다. 현재 P2 Gold Inc.의 사장 겸 CEO인 Ovsenek은 귀금속 산업에서 20년 이상의 경험을 보유하고 있으며, 브리티시컬럼비아의 골든 트라이앵글에 위치한 Treaty Creek의 금, 구리 및 은 자산을 발전시키는 데 도움을 줄 것입니다.

Ovsenek의 주목할 만한 업적 중 하나는 Pretium Resources Inc.를 사장 및 CEO로 이끌며 수익성 있는 Brucejack 광산을 개발한 것입니다. 그는 이전에 Silver Standard Resources Inc.에서 15년 동안 고위 경영진으로 일했습니다. 그는 브리티시컬럼비아 대학교와 토론토 대학교에서 학위를 보유하고 있으며, 전문 엔지니어 자격증과 Chartered Director 자격증을 가지고 있습니다.

Daniel Le Dressay는 이사회에서 물러나지만, Seabridge Gold Inc.와의 Mitchell Treaty Creek 터널 프로젝트 허가 및 Tudor의 광물 이익 보호와 관련하여 법률 고문으로 계속합니다.

Tudor Gold Corp. (TSXV: TUD) a nommé Joe Ovsenek à son Conseil d'Administration, avec effet immédiat. Ovsenek, actuellement Président et CEO de P2 Gold Inc., apporte plus de 20 ans d'expérience dans l'industrie des métaux précieux et aidera à faire progresser la propriété d'or, de cuivre et d'argent de Treaty Creek, située dans le Golden Triangle de la Colombie-Britannique.

Parmi les réalisations notables d'Ovsenek, on trouve sa direction chez Pretium Resources Inc. en tant que Président et CEO, où il a développé la rentable mine de Brucejack. Il a précédemment occupé des postes de direction pendant 15 ans chez Silver Standard Resources Inc. Il possède des diplômes de l'Université de la Colombie-Britannique et de l'Université de Toronto, ainsi que des qualifications d'ingénieur professionnel et une désignation de Chartered Director.

Daniel Le Dressay démissionnera du Conseil mais continuera en tant que Conseiller Juridique, en se concentrant sur les affaires juridiques avec Seabridge Gold Inc. concernant les permis du projet de tunnel Mitchell Treaty Creek et la protection des intérêts miniers de Tudor.

Tudor Gold Corp. (TSXV: TUD) hat Joe Ovsenek mit sofortiger Wirkung in den Vorstand berufen. Ovsenek, der derzeit Präsident und CEO von P2 Gold Inc. ist, bringt über 20 Jahre Erfahrung in der Edelmetallbranche mit und wird helfen, das Gold-, Kupfer- und Silberprojekt Treaty Creek im Golden Triangle von British Columbia voranzutreiben.

Zu Ovseneks bemerkenswerten Leistungen gehört die Leitung von Pretium Resources Inc. als Präsident und CEO, wo er die profitable Brucejack-Mine entwickelt hat. Zuvor war er 15 Jahre in der oberen Managementebene bei Silver Standard Resources Inc. tätig. Er hat Abschlüsse von der University of British Columbia und der University of Toronto, sowie professionelle Ingenieursqualifikationen und die Bezeichnung Chartered Director.

Daniel Le Dressay wird aus dem Vorstand ausscheiden, jedoch weiterhin als rechtlicher Berater tätig sein und sich auf rechtliche Angelegenheiten mit Seabridge Gold Inc. bezüglich der Genehmigungen für das Mitchell Treaty Creek Tunnelprojekt und den Schutz der mineralischen Interessen von Tudor konzentrieren.

Positive
  • Appointment of experienced mining executive with proven track record in mine development and operations
  • New director brings expertise in exploration, permitting, financing, and mine construction
  • Strategic addition to advance the Treaty Creek project and high-grade SC-1 Zone discovery
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to announce that Mr. Joe Ovsenek has been appointed to the Company's Board of Directors, effective immediately. As a member of the Board of Tudor Gold, Mr. Ovsenek is expected to play a key role in advancing the Treaty Creek gold, copper and silver property located within the Golden Triangle of northwestern British Columbia.

Ken Konkin, President and CEO, comments: "We welcome Joe Ovsenek to our Board of Directors. Joe, a proven mine builder, will transition from the Advisory Board to join our Board of Directors. I've had the privilege of working alongside Joe for many years during my time at Silver Standard and Pretium Resources, and I am confident that his extensive experience and leadership will greatly benefit the Company. Joe is a highly accomplished professional in our industry, with a proven track record in exploration, development, permitting, financing, mine construction, and production. His expertise will be invaluable as Tudor Gold continues to advance the Treaty Creek gold project."

Joe Ovsenek, Director of Tudor Gold, stated: "I am pleased to join Tudor Gold's Board and look forward to working closely with Ken and his team as they continue to explore and advance the Goldstorm Deposit at the Treaty Creek gold, copper, and silver project. The recent discovery of the high-grade SC-1 Zone is a game-changer for Treaty Creek. This high-grade target not only has the potential to enhance the overall grade profile of the project but also opens the door to an accelerated pathway to potential production. This discovery exemplifies the exploration expertise of the Tudor Gold team and highlights the untapped potential of the Treaty Creek property."

Mr. Ovsenek continued: "Treaty Creek stands out due to several strategic advantages, including excellent infrastructure access, a substantial and growing resource base, and strong partnerships with local Indigenous communities. These key attributes firmly establish Treaty Creek as a cornerstone asset for Tudor Gold. I am excited to contribute my experience in exploration, development, permitting, and potential mine construction to the Board. I believe the Treaty Creek project has significant potential to deliver value to shareholders while contributing significantly to the economic growth and opportunities within the region."

Joe Ovsenek, currently President and CEO of P2 Gold Inc., has over 20 years of international management and legal experience in the precious metals industry. He has been responsible for building teams and leading the growth of public resource companies from early exploration stage to production. Before founding P2 Gold, Mr. Ovsenek was President and CEO of Pretium Resources Inc. where he led the development of the high-grade gold Brucejack Mine which has been operating profitably since commercial start-up in 2017. Mr. Ovsenek began his nine-year tenure at Pretium in 2011 as Chief Development Officer and led the financing of the company from exploration stage to operations and was subsequently appointed President in 2015 and President and CEO in 2017. Prior to Pretium he served for 15 years in senior management roles for Silver Standard Resources Inc., lastly as Senior Vice President, Corporate Development responsible for the sale of the Brucejack and Snowfield assets to the newly created Pretium Resources Inc. Mr. Ovsenek holds a Bachelor of Applied Science degree from the University of British Columbia and a Bachelor of Laws degree from the University of Toronto. Mr. Ovsenek is a registered member of the Association of Professional Engineers and Geoscientists of British Columbia, and holds the Chartered Director (C.Dir) designation.

Tudor Gold also announces that Daniel Le Dressay will step down from his role as a member of the Board of Directors but will continue to serve as Legal Advisor to the Company. In this capacity, Daniel will lead our legal team to deal with the ongoing issues with Seabridge Gold Inc. (KSM Mining ULC) regarding the License of Occupation and other permits related to the Mitchell Treaty Creek Tunnel (MTT) project. He will continue to collaborate with outside counsel to pursue appropriate legal actions to safeguard Tudor Gold Corp.'s mineral tenures and ensure they remain unimpeded in any way by the proposed MTT Tunnel project or any other permits issued to Seabridge Gold Inc. and its subsidiaries that may adversely impact Tudor Gold Corp.'s lawful rights and interests.

About Tudor Gold

TUDOR GOLD CORP. 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% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Newmont Corporation's Brucejack property to the southeast.

ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.

"Ken Konkin"

Ken Konkin
President and Chief Executive Officer

For further information, please visit the Company's website at www.tudor-gold.com or contact:
Chris Curran
Vice President of Investor Relations and Corporate Development
Phone: (604) 559 8092
E-Mail: chris.curran@tudor-gold.com

Or

Patrick Donnelly
Vice President of Capital Markets
Phone: (604) 559 8092
E-Mail: patrick@tudor-gold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-Looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities; the Company's intention to construct an exploration ramp to target the Supercell Cell One Zone for infill and expansion drilling at their flagship Treaty Creek Project; that this initiative will substantially reduce both the cost and time required to drill and define the Supercell One Zone from underground drilling stations compared to conventional surface drilling; that once completed the underground infrastructure will provide long-term benefits to the project; the underground development will be important in the selection of optimum material required for a 10,000-tonne test for a pilot process; that the advantages of driving an exploration development ramp are significant and will bring significant value to the Project; once the underground exploration drift is completed, year-round drilling program of approximately 25,000 meters will focus on the Supercell One Zone and peripheral areas; following ramp construction, Tudor Gold will accelerate its drilling program with the goal of fully unlocking this potential multimillion ounce high-grade gold system; that the Supercell One Zone is on its way to becoming a significant asset within the Goldstorm Deposit; that the exploration drill campaign planned for the Supercell One Zone and the remainder of the Goldstorm Deposit will further enhance this potential; that this initiative will assist in attracting a strategic partnership; and that the Company plans to further explore the Supercell-One system and review other gold-dominant sub-domains.
Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company's planned exploration activities will be completed in a timely manner. The Company's financial condition and development plans do not change as a result of unforeseen events, that future gold prices and the demand and market outlook for gold will remain stable or improve, that the exploration ramp will result in the benefits anticipated; that underground development is important in the selection of optimum material required for a pilot process; that the advantages of driving an exploration development ramp will prove to be significant and will bring significant value to the Project; assumptions regarding the Company's exploration plans; the viability of the Supercell One Zone and the impact of the exploration drill program on the same; and that the Company's initiatives will attract strategic partnership. Material assumptions relating to the indicated mineral resource and inferred mineral resource are contained in the Company's Technical Report filedon SEDAR+ at www.sedarplus.ca.

Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that the exploration ramp will not result in the benefits anticipated, increased competition, that management's expectations regarding the viability of the Supercell One Zone will prove to be inaccurate, that the Company will not have the resources required to carry out its exploration plans or complete construction of the exploration ramp,,risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238053

FAQ

What is Joe Ovsenek's role in Tudor Gold Corp (TDRRF)?

Joe Ovsenek has been appointed to Tudor Gold's Board of Directors, effective January 22, 2025, to help advance the Treaty Creek property and contribute his expertise in exploration, development, permitting, and mine construction.

What experience does Joe Ovsenek bring to Tudor Gold (TDRRF)?

Ovsenek brings over 20 years of international management experience in the precious metals industry, including successful leadership as President and CEO of Pretium Resources where he developed the profitable Brucejack Mine.

How will Joe Ovsenek's appointment impact Tudor Gold's (TDRRF) Treaty Creek project?

Ovsenek's expertise is expected to help advance the Treaty Creek project, particularly the high-grade SC-1 Zone discovery, potentially enhancing the overall grade profile and accelerating the pathway to production.

What changes are occurring in Tudor Gold's (TDRRF) Board of Directors?

Joe Ovsenek is joining the Board while Daniel Le Dressay is stepping down but will continue as Legal Advisor, handling legal matters with Seabridge Gold regarding the Mitchell Treaty Creek Tunnel project.

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