September 7, 2018
Vancouver, BC

TUDOR GOLD Corp. Confirms Arrangement for Replacement of Option Agreements

TUDOR GOLD Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “TUDOR GOLD”) is pleased to announce that the Company has reached agreement with Teuton Resources Corp. (“Teuton”) to replace the original option agreements (the “Original Option Agreements”) on the Orion property, the Fairweather property, the Delta property and the High North property (the “Properties”), respectively, in which certain payment terms have been amended, the balance of payments, as well as all other terms of the Original Option Agreements remain as set out in the Original Option Agreements.
Pursuant to the amended payment terms of the Original Option Agreements, and subject to TSX Venture Exchange (the “Exchange“) approval, the Company will issue an aggregate of 1,800,000 common shares (the “Shares“) at $0.30 per Share to Teuton in lieu of certain cash payments as part of the consideration for the acquisition of 100% interest in the Properties. All prior payments to 2018 have been met accordingly.     Share issuance schedule per the amendment to the Original Option Agreements as follows:   Orion Property: 216,667 Shares at $0.30 per Share to be issued within five business days of Exchange approval, 50,000 Shares on or before June 1, 2019; 50,000 Shares on or before June 1, 2020, and 250,000 Shares on or before June 1, 2021, for a total of 566,667 Shares at $0.30 per Share.   Fairweather Property: 216,667 Shares at $0.30 per Share to be issued within two business days of Exchange approval, 50,000 Shares on or before December 15, 2018; 50,000 Shares on or before December 15, 2019, and 250,000 Shares on or before December 15, 2020, for a total of 566,667 Shares at $0.30 per Share.   Delta Property: 333,333 Shares at $0.30 per Share to be issued within five business days of Exchange approval.   High North Property: 333,333 Shares at $0.30 per Share to be issued within five business days of Exchange approval.   Tudor also wishes to rectify the assay values of silver (“Ag“) and copper (“Cu“) reported in the Company’s news release dated August 24, 2018. The correct assay values for hole CB-18-32 are 1.7 grams for Ag and 0.011% for Cu from 194.7 meters to 316.5 meters respectively.

About TUDOR GOLD

TUDOR GOLD 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 Electrum Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.

Contact Information

Barry Holmes

Investor Relations

Phone:778-587-2074

Cathy Hume

CHF Capital Markets

Phone:416-868-1079 Ex 231

Aris Morfopoulos

Financial Relations

Phone:604-721-2650

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. 

All statements other than statements of historical fact included in this release, including, without limitation, statements regarding analysis and re-interpretation of data, and potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. 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. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or 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 actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. 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.