Vancouver, British Columbia, Canada – February 16, 2023 – Tudor Gold Corp. (TSXV:TUD) (“Tudor Gold” or the “Company”) is pleased to announce it has closed a non-brokered private placement (the “Private Placement”), raising gross proceeds of $400,000 through the issuance of 320,000 units of the Company (the “Units”) at an issue price of $1.25 per Unit. The Units are comprised of one common share of the Company (a “Share”), and one common share purchase warrant (a “Warrant”).

Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $1.75 for a period of two (2) years from the date of issuance of the Warrants.

The proceeds of the Private Placement will be used for general operating expenses.

The securities comprising each of the Units will have a hold period of until June 15, 2023. The closing of the Private Placement is subject to the final approval of the Exchange.

About Tudor Gold Corp.

Tudor Gold Corp. is a precious and base metals exploration and development company with properties 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 Newcrest Mining Limited’s Brucejack property to the southeast. In April 2021 Tudor published their 43-101 technical report, “Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia Canada” dated March 1, 2021 on the Company’s SEDAR profile.

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

“Ken Konkin”
Ken Konkin
President and Chief Executive Officer