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Tudor Gold Announces Passing of Founder and Board Chairman Mr. Walter Storm

VANCOUVER, BC, June 27, 2022, Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold“) today issued the following statement: “It is with great sadness that we announce the passing of the Company Founder and Chairman Mr. Walter Storm at the age of 91. On behalf of our Board of Directors, our leadership team and our employees, we extend our sympathies to Walter’s family and friends.”

In 2015, Walter Storm purchased various promising mining claims near Stewart, B.C. – within an area known as the “Golden Triangle” due to its significant gold deposits.  In the following year he closed a qualifying transaction with a public company, which was later renamed  TUDOR GOLD Corp. Under his supervision he advanced Tudor Gold‘s gold exploration and development efforts. After several successful drill programs completed by the Company, in March 2021 Tudor Gold published an initial mineral resource estimate for its flagship project Treaty Creek, which confrimed  the Goldstorm Deposit as one of the largest gold discoveries of the last 30 years (see Tudor Gold press release dated March 9, 2021).   

Walter held the position as CEO of Tudor Gold until December 2021 and continued to serve the Company as Chairman of Tudor’s Board of Directors until his passing. Mr. Storm was a successful entrepreneur with several decades of experience in Africa, Europe, the Middle East, and North America. Throughout his career, Mr. Storm was successfully active across multiple industries, including the forest industry in Canada, mining industry in West Africa and Canada, as well as oil production and road transportation from Europe to Central Asia and Russia.

Mr. Storm left his mark in Canada by providing startup financing to Osisko Mining for Canadian Malartic, a large gold mine in the province of Quebec, through a German holding company (Eurasia) in which he held a majority ownership and acted as Chairman of the Supervisory Board.  During Mr. Storm’s tenure, Eurasia not only funded the startup of Osisko Mining in 2004, but also helped the company reach market capitalization of CAD$4.50 Billion before being sold in 2014.

Ken Konkin, President and CEO of Tudor Gold Corp. commented: “The loss of Walter is felt profoundly, not only by his family, his friends and me, but also by Tudor’s employees and colleagues who had the privilege of knowing him during his over 60 years of devotion to his various business endeavours. Walter will be remembered as a generous, highly ethical and visionary leader who had a keen business sense and had sucessfully built companies in different industries. He embodied the spirit of our company with his deep sense of loyalty, his humor and his strong moral compass. Walter‘s expansive business knowledge allowed him to steer many successful companies in a variety of industries.  He was always willing to consider something new, and if he became involved, Walter was determined to leave it better than he found it.  He will be missed.”

For further information, please visit the Company’s website at www.tudor-gold.com or contact:

Chris Curran

Head of Corporate Development and Communications

Phone: (604) 559 8092

E-Mail: chris.curran@tudor-gold.com

Carsten Ringler

Head of Investor Relations and Communications

Phone: +49 151 55362000

E-Mail: carsten.ringler@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. 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 connotation 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. 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 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.