Tudor closes $11.32-million first tranche of placement

Mr. Joseph Ovsenek reports TUDOR CLOSES FIRST TRANCHE OF FLOW-THROUGH FINANCING Tudor Gold Corp. has closed the first tranche of its non-brokered private placement (previously announced on Nov. 18, 2025, and Nov. 25, 2025) of up to 12.75 million flow-through units at a price of 95 cents per unit for gross proceeds of up to approximately $12-million. The first tranche consisted of 11,919,709 units for gross proceeds of $11,323,724. Each unit will consist of one flow-through common share in the capital of the company and one-half of one non-flow-through common share purchase warrant. The shares will qualify as flow-through shares for purposes of the Income Tax Act (Canada). Each whole warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the company at an exercise price of $1.20 per common share for a period of two years from the date of issue. The gross proceeds from the issue and sale of the units will be used for Canadian exploration expenses as defined in Paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the tax act, flow-through mining expenditures as defined in Subsection 127(9) of the tax act that will qualify as flow-through mining expenditures, and B.C. flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before Dec. 31, 2026, and renounced with an effective date no later than Dec. 31, 2025, to the initial purchasers of units, and, if the qualifying expenditures are reduced by the Canada Revenue Agency, the company will indemnify each unit subscriber for any additional taxes payable by such subscriber as a result of the company's failure to fully renounce the qualifying expenditures as agreed. In connection with the first tranche, the company paid finders' fees of an aggregate of $479,638 and issued an aggregate of 504,880 warrants to arm's-length finders, representing 6 per cent of the proceeds raised from subscriptions by and 6 per cent of the units issued to, certain placees. All securities issued pursuant to the first tranche are subject to a four-month hold period expiring on April 4, 2026. About Treaty Creek The Treaty Creek project hosts the Goldstorm deposit, comprising a large gold-copper porphyry system, as well as several other mineralized zones. The Goldstorm deposit has an indicated mineral resource of 730.20 million tonnes (Mt) comprising 21.66 million ounces gold grading 0.92 gram per tonne, 2.87 billion pounds copper grading 0.18 per cent and 128.73 million ounces silver grading 5.48 g/t, and an inferred mineral resource of 149.61 Mt comprising 4.88 million ounces gold grading 1.01 g/t, 503.2 million pounds copper grading 0.15 per cent and 28.97 million ounces silver grading 6.02 g/t, 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 remains open in all directions and requires further exploration drilling to determine the size and extent of the deposit. About Tudor Gold Corp. Tudor Gold is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle (Canada), 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 an 80-per-cent interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Newmont Corp.'s Brucejack mine property to the southeast. Qualified person The qualified person for this news release for the purposes of National Instrument 43-101 is the company's senior vice-president of exploration, Ken Konkin, PGeo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release. We seek Safe Harbor.