Tudor Gold Announces Upsize of Financing and Full Exercise of Over-Allotment Option for a Total of $14.95 Million, with Participation by Eric Sprott

Base Shelf Prospectus Accessible and Prospectus Supplement to be Accessible on SEDAR+ within 1 Business Day

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Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor Gold") is pleased to announce that it has entered into an amended agreement with Research Capital Corporation, as the lead agent and sole bookrunner (the "Lead Agent"), on behalf of a syndicate of agents (collectively, the "Agents"), to upsize its previously announced best efforts offering of securities of the Company (the "Offered Securities") and the full exercise of the Agent's over-allotment option for aggregate gross proceeds to the Company of $14.95 million, of which approximately $11.3 million will be under the Prospectus Offering and approximately $3.65 million will be under the Private Placement Offering (each as defined herein). The Offered Securities consist of a combination of:

• 10,158,045 non-flow-through units of the Company (the "NFT Units") at a price of $0.50 per NFT Unit, to be issued under a prospectus supplement to the Company's final short form base shelf prospectus dated August 2, 2023 ("Prospectus Offering"). Each NFT Unit will consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant");

• 8,333,500 flow-through units of the Company to be sold to charitable purchasers (the "Charity FT Units") at a price of $0.75 per Charity FT Unit, to be issued pursuant to the Prospectus Offering. Each Charity FT Unit will consist of one Common Share that will qualify as "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") that will be issued as part of a charity arrangement and one-half of one Warrant; and

• 6,034,752 flow-through units of the Company (the "FT Units") at a price of $0.60 per FT Unit, to be issued under a private placement pursuant to applicable prospectus exemptions in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") ("Private Placement Offering", and together with the Prospectus Offering, the "Offerings"). Each FT Unit will consist of one Common Share that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Tax Act and one-half of one Warrant.