TDG Gold Completes Acquisition of Oxide Peak Mineral Tenures, Toodoggone District

WHITE ROCK, BC / ACCESSWIRE / March 14, 2024 / TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the completion of acquisition of a 100% interest in the Oxide Peak mineral tenures ("Oxide Peak") located in the Toodoggone District of north-central B.C.

Oxide Peak covers 8,490 hectares of prospective exploration ground¹ to the north of, and contiguous with, TDG's Baker Complex. Since signing the initial option agreement with ArcWest Exploration Inc. ("ArcWest") in December 2019 (the "Option Agreement"), TDG has completed approximately $3.3 million of exploration expenditures on Oxide Peak, including 2,050 metres of diamond drilling and identifying several targets¹ prospective for the discovery of porphyry copper +/- gold systems.

Fletcher Morgan, TDG's CEO, commented: "Our two most recent news releases (Feb 28, 2024 and Mar 07, 2024) highlighted our progress redefining TDG's 100% owned Baker Complex, showing its potential¹ to host multiple intrusive-related copper-gold-molybdenum porphyries¹. Closing the acquisition of the Oxide Peak project enables us to include a portion of the Oxide Peak mineral tenures within the Baker Complex, as we advance our dialogues for a potential joint venture partner to drill test the new porphyry targets¹ we have identified."

Per the terms of the Definitive Purchase Agreement announced Feb 14, 2024, TDG has paid $100,000 and issued 412,031 common shares of TDG (the "TDG Shares") to ArcWest. TDG has also granted a 2% net smelter returns royalty on Oxide Peak to ArcWest, of which 1% may be repurchased by TDG for $1.0 million. The TDG Shares will be subject to a four-month hold period under applicable securities laws expiring July 15, 2024, as well as certain orderly sales requirements agreed to between TDG and ArcWest. The former option agreement with ArcWest in respect of the Oxide Peak property has been terminated.

Qualified Person
The technical content of this news release has been reviewed and approved Steven Kramar, MSc., P.Geo., Vice President, Exploration for TDG Gold Corp., a qualified person as defined by National Instrument 43-101.

¹Mineral Exploration/Exploration Target Area(s): Exploration targets and/or Exploration zones and/or Exploration areas are speculative and there is no certainty that any future work or evaluation will lead to the definition of a mineral resource.

About TDG Gold Corp.
TDG is a major mineral tenure holder in the historical Toodoggone Production Corridor of north-central British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership. TDG's flagship projects are the former producing, high-grade gold-silver Shasta and Baker mines, which produced intermittently between 1981-2012, and the historical high-grade gold Mets developed prospect, all of which are road accessible, and combined have over 65,000 m of historical drilling. The projects have been advanced through compilation of historical data, new geological mapping, geochemical and geophysical surveys and, at Shasta, 13,250 m of modern HQ drill testing of the known mineralization occurrences and their potential extensions. In May 2023, TDG published an updated Mineral Resource Estimate for Shasta (TDG news release May 01, 2023) which remains open at depth and along strike. In January 2023, TDG defined a larger exploration target area adjacent to Shasta (‘Greater Shasta-Newberry'; TDG news release Jan 25, 2023). In Fall 2023, TDG published the first modern drill results from the Mets mining lease (TDG news releases Sep 07, 2023, Sep 11, 2023 and Nov 28, 2023). In early 2024, TDG identified new copper-gold target areas over an expanded footprint covering ~42 sq.km known as the ‘Baker Complex' (TDG news release Feb 28, 2024).