TUDOR GOLD Corp announces it has closed its property aquisitions and financings announced May 11, 2016

TUDOR GOLD Corp. (the “Company”) is pleased to announce it has received TSX Venture Exchange approval and closed the acquisition of a 60% interest in each of the Treaty Creek and Electrum properties and a 100% interest in the Eskay North property, on the terms as set out in the Company’s press release dated May 11, 2016. All the properties are located in the Golden Triangle area, in the Skeena Mining Division, in British Columbia. An NI 43-101 technical report on the Treaty Creek property has been filed and is available on SEDAR.

In addition to cash consideration and work commitments, the Company issued an aggregate of 2,000,000 shares in its capital for the acquisition of the 60% interest in each of the Treaty Creek and Electrum properties. The shares are subject to regulatory hold periods expiring four months and a day after the issue of the shares, being October 15, 2016, and a contractual hold period expiring on May 10, 2017. A total of 980,000 shares were issued as a finder’s fee which are subject to a regulatory hold period expiring October 15, 2016. The Company also issued 250,000 shares in its capital for the 100% interest in the Eskay North property, which are subject to a regulatory hold period expiring on October 15, 2016. The Company has closed the private placement detailed in its May 11, 2016 press release to raise proceeds of $1,300,000. All shares comprising part of the units and any shares issued on the exercise of the warrants are subject to a regulatory hold period expiring on October 15, 2016. The $650,000 credit facility has also been implemented. The Company is now looking forward to exploring and advancing its properties during the 2016 field season.

Early warning

On June 14, 2016, Tudor Holdings Ltd. acquired ownership of 11,000,000 units (the “Units”) of the Company, at a purchase price of $0.10 per Unit, pursuant to the terms of a private placement agreement (the “Transaction”). Each Unit is comprised of one common share and one transferable share purchase warrant (the “Warrants”), each Warrant entitling the holder thereof to purchase one additional common share of the Company, exercisable up to June 14, 2018, a purchase price of $0.10. The Warrants are not exercisable until the Company’s disinterested shareholders approve their issuance at a general meeting of the Company’s shareholders. After giving effect to the Transaction, TUDOR Holdings Ltd. beneficially owns a total of 41,250,000 common shares and 11,000,000 Warrants of the Company. Zoe Storm, the spouse of Walter Storm, who controls Tudor Holdings Ltd., beneficially owns 2,000,000 common share of the Company. Zoe Storm is an associate of Walter Storm and, pursuant to the provisions of Multilateral Instrument 62-104, is deemed to be acting jointly or in concert with Tudor Holdings Ltd. In addition, Walter Storm, a principal of TUDOR Holdings Ltd. was granted stock options to purchase an aggregate of 1,000,000 common shares of the Company with an exercise price of $0.10 per share that expire on April 19, 2026. Collectively, these common shares, Warrants and stock options represent 75.55% of the issued and outstanding common shares of the Company on a partially diluted basis assuming the exercise of the Warrants and the stock options held by Walter Storm.

TUDOR Holdings Ltd. acquired the common shares for investment purposes and intends to evaluate its investment in the Company and to increase or decrease its beneficial shareholdings from time to time as it may determine appropriate for investment purposes.

An early warning report respecting the Transaction will be electronically filed with the Securities Commissions in British Columbia, Alberta and Ontario and will be available for viewing at www.sedar.com. A copy of the report can be obtained by contacting Aris Morfopoulos, Chief Financial Officer and Corporate Secretary of TUDOR GOLD Corp. at 604-721-2650.

About TUDOR GOLD

TUDOR GOLD Corp. is a precious and base metals explorer with properties in British Columbia’s Golden Triangle, 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 Pretium Resources Inc.’s Brucejack property to the southeast. The Company also has a 100% interest in the Crown Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.

Contact Information

Aris Morfopoulos

Financial Relations

Phone:604-721-2650

Email:aris@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 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. 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.