Tudor Gold Corp. provided the following strategic plan for the upcoming year centered on the Treaty Creek gold and copper project, located in the Golden Triangle of British Columbia. Over the next 12 months, Tudor Gold expects to complete the following objectives: Continue the ongoing exploration and definition drilling program in Third Quarter 2024 and report on results; Advance the metallurgical program and provide the results of this test work in 2024; Proceed with preliminary permitting and environmental requirements; and Complete a Preliminary Economic Assessment by second quarter 2025.

Drilling Update. On May 9, 2024, Tudor Gold initiated a 10,000-meter (m) diamond drilling program at the Goldstorm Deposit, with the primary goal of expanding and upgrading the Mineral Resource Estimate released early this year. To date, approximately 4,000 m of drilling, including two drill holes, have been completed on schedule.

The current drilling program is concentrated on step-out and in-fill drilling within the high-grade SC-1 system, a gold-dominant, quartz-sulfide, breccia-hosted structural corridor. This system remains open to the northwest, north, and east. The Company plans to further explore this higher-grade zone with continued drilling.

Results from the recently completed drill holes will be shared as soon as assay data is received. Previous drilling results from SC-1 in 2022 and 2023 include the following high-grade gold intercepts: Hole GS-23-176-W1: 15.00 m @ 15.64 grams/tonne (g/t) gold equivalent (AuEQ) (14.89 g/t gold (Au), 4.72 g/t silver (Ag), 0.60% copper (Cu)) Hole GS-22-134: 25.50 m @ 9.96 g/t AuEQ (9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu) Including 4.50 m @ 20.86 g/t AuEQ ("20.61 g/t Au, 1.,50 g/t Ag, 0.,20% Cu); Hole GS-23-179: 12.00 m @ 10.07 g/t AuEQ.9.78 g/t Au, 1".35 g/t Ag, 0".23% Cu). Preliminary Economic Assessment and Environmental Studies.

The initiation of a Preliminary Economic Assessment (PEA) for Treaty Creek's Goldstorm Deposit is expected to begin in the next quarter, with the Company aiming to complete this study by second quarter 2025. The PEA is anticipated to detail a phased production strategy focusing on exploiting high-grade areas or supercells of the Goldstorm Deposit to maximize the internal rate of return (IRR). To ensure accuracy of the PEA, the Company will continue to optimize the project and develop a comprehensive strategy to facilitate the permitting process for implementing the best mining methods and phased production strategy.

Efforts will also be made to define precise cost estimates to ensure that projected capital expenditures align with prefeasibility study standards, strengthening the project's economic viability and credibility. Additionally, the PEA is expected to establish work programs to guide the Company towards subsequent stages, including a detailed prefeasibility study to be completed in the future. Continued environmental studies are being conducted to assist in the economic evaluation and permitting process for the Treaty Creek Project.

The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry system, as well as several other mineralized zones. As disclosed in the "NI-43-101 Technical Report for the Treaty Creek Project", dated April 5, 2024 prepared by Garth Kirkham Geosystems and JDS Energy & Mining Inc., the Goldstorm Deposit has an Indicated Mineral Resource of 27.87 million ounces (Moz) of AuEQ grading 1.19 g/t AuEQ grading 1.21.66 Moz gold grading 0.92 g/t, 2.87 billion pounds (Blbs) copper grading 0.18%, 128.73 g/t) and an Inferred Mineral Resource of 6.73 Moz silver grading 5.48 g/t) and an inferred Mineral Resource of 6.48 g/t AuEQ and an Inferred Mineral resource of 6.03 g/t AuEQ grade AuEQ grading 1.25 g/t AuEQ) and an Inferred Mineral resource resource resource resource of AuEQ and an In preferred Mineral Resource of AuEQ.48 g/t).