TUDOR GOLD Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “TUDOR GOLD”) is pleased to announce that the Company has closed the first tranche of its previously announced non-brokered private placement of 1,139,452 common shares of the Company (the “Non-FT Shares”) at a price of $0.64 per Non-FT Share, 717,200 flow-through common shares (the “FT Shares”) at a price of $0.80 per FT Share through an exclusive agreement with Secutor Capital Management Corp. (“Secutor”) as the selling agent for the FT Shares, and 1,263,639 units (the “Units”) at a price of $0.64 per Unit for aggregate gross proceeds of $2,111,740 (collectively, the “Offering”).

The Non-FT Shares and Units were placed with strategic stakeholders and shareholders. The Non-FT Units portion of the Offering exceeded the initially announced amount and was over-subscribed. The Company expects to complete a second tranche closing of the Offering in the first week of September. Each Unit consists of one common share and one transferable common share purchase warrant (the “Warrants”). Each Warrant entitles the holder to purchase one common share at a price of $1.00 for a period of two years from closing of the Offering. Commencing on the date that is four months and one day after closing of the Offering, if the closing price of the Company’s common shares on the TSX Venture Exchange (the “TSXV”), or any other stock exchange on which the Company’s common shares are listed, is at a price greater than $1.50 per share for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date of such notice. The proceeds from the sale of the FT Shares will be used to fund the significant drill program underway at the Company’s Treaty Creek properties in the Golden Triangle of Northwestern B.C. and proceeds from the sale of the Non-FT Shares and the Units will be used for the drill program and for general corporate and working capital purposes. In connection with the Offering, the Company paid the following finder’s fees: (i) to Secutor a cash finder’s fee equal to 6% of the gross proceeds raised through the sale of the FT Shares to purchasers introduced to the Company by Secutor, plus a financing fee of $2,500 for legal, administrative and due diligence fees; as well as non-transferrable warrants (“Finder Warrants”) equal to 6% of the total number of FT Shares sold to purchasers introduced to the Company by Secutor, each Finder Warrant entitling Secutor to acquire one common share of TUDOR GOLD at $0.85 for a period of two years from closing; (ii) to Vynco Minerals Ltd. (“Vynco”) a finder’s fee of common shares equal to 8% of the total number of Non-FT Shares and Units sold to purchasers introduced to the Company by Vynco; and (iii) to Canaccord Genuity Corp. (“Canaccord”) a cash finder’s fee equal to 6% of the gross proceeds raised through the sale of Units to purchasers introduced to the Company by Canaccord. All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to final regulatory approval, including the final approval of the TSXV.