NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC, April 27, 2021 - Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the "Company" or "Tudor Gold") is pleased to announce that the Company has completed a non-brokered private placement of 1,000,000 flow-through common shares (the “FT Shares”) at a price of $3.60 per FT Share and 2,000,000 non-flow-through common shares (the “NFT Shares”) at a price of $3.00, for aggregate gross proceeds of $9,600,000 (the “Private Placement”) with the Company’s joint venture partner Teuton Resources Corp. (TSX.V: TUO) ("Teuton"). Walter Storm, President and CEO of Tudor Gold, stated: "This significant equity investment by Teuton, our 20% partner in Treaty Creek, is a very strong endorsement of both Tudor Gold and the Treaty Creek project. We are pleased that our partner Teuton and their President and CEO Dino Cremonese have so much confidence in the Treaty Creek project and in Tudor Gold as the operator of the Treaty Creek project. This is a very exciting time for Tudor Gold and its shareholders, as Tudor Gold prepares to aggressively advance the Treaty Creek project. Tudor Gold is very eager to begin this year`s exploration program at Treaty Creek and will provide shareholders with regular updates as exploration at the Project develops." |