White Rock - TDG Gold Corp (TSXV: TDG) (the 'Company' or 'TDG') is pleased to report further high-grade, near-surface gold ('Au') mineralization intersected in the final diamond drillhole completed in the 2023 exploration program at TDG's 100 % owned Mets mining lease, located in the Toodoggone District of north-central B.C.

Diamond drillhole MT23-005 (HQ, oriented) was completed in the Mets A-Zone1 and intersected:

16.36 grams per tonne ('g/t') Au, 4 g/t silver ('Ag') over 8.3 metres ('m') from 50.5 m downhole depth using a cut-off grade ('COG') of 3.00 g/t Au.

As stated previously (news release Nov 28, 2023), the high-grade Au mineralization at Mets appears to track a distinct very low frequency-electromagnetic ('VLF EM') conductivity gradient coincident with a magnetic susceptibility low. This observation is consistent throughout the 50 m of strike between drillholes MT23-004 and MT23-005/003. Further evaluation is underway to apply this interpretation across the known 130 m of strike-length of the A-Zone1, to generate targets for the potential southern1 and northern1 extensions of the A-Zone1 and, ultimately, explore across the entire mining lease. MT23-005 was designed as a geological test of the potential controls on the northern extent of the A-Zone. The high-grade gold mineralization intersected extends the high-grade mineralized zone above hole MT23-003. Due to a mechanical issue with the drill rig, the drillhole was stopped at 74 m downhole depth rather than the targeted 210 m and hence failed to test the northern controls at depth.

Steven Kramar, TDG's VP Exploration, commented: 'The five diamond drillholes completed at Mets in 2023 validate the continuity of shallow, high-grade gold mineralization within the A-Zone. In combination with TDG's high-resolution geophysics completed across the Mets mining lease, along with the recompiled historical information, we are developing a targeting framework and look forward to refining targets, starting with the potential extensions to the north and south of the A-Zone1.'

Mineralization Encountered

Drillhole MT23-005 is interpreted to have intersected the same quartz-barite breccia style of mineralization as MT23-001 (news release Sept 07, 2023) and MT23-002/MT23-003 (news release Sept 11, 2023) and MT23-004 (news release Nov 28, 2023). This limited drill program validates the continuity of the high-grade historical drilling and demonstrates potential to expand on the high-grade A-Zone.

MT23-005

The final drillhole of the 2023 Mets drill campaign was designed to collect structural geological data by drilling oblique to previous drilling and examine the potential for high-grade mineralization on the other side of the previously untested N75 fault, as well as testing for potential additional structures. MT23-005 intersected high-grade Au (Image 1) in the vicinity of the intersection reported from MT23-003 (news release Sept 11, 2023) and may expand the previously interpreted high-grade zone. The drillhole was terminated early at a shallow depth (74 m), well before reaching the N75 fault and its target depth of 210 m due to mechanical issues on the drilling rig. The casing was left in the drillhole so that TDG can re-enter the hole and complete drilling in the future. Historical2 trenching in the vicinity of MT23-005/003 reported results ranging from 0.04 - 15.0 g/t Au in 1 m composite chip sampling over 48 m of the trench-length sampled.

Assay results were received from MSA Labs Canada ('MSA'). Samples reported in this news release with Au concentrations > 20 g/t were subject to subsequent metallic screen analysis for individual samples reporting > 20 g/t Au. Results reported are considered final.

Magnetics / VLF-EM Results Interpretation

The same parameters were utilized to process the VLF as for drillhole MT23-004 (news release Nov 28, 2023) using the Karous and Hjelt ('KH') filter to qualitatively interpret the 28.4 kHz signal produced by the ground-based geophysics survey performed in 2023. The three-dimensional interpolated voxel model supports the initial interpretation of coincident VLF conductivity gradient (the 'Feature') tracing the high-grade mineralization in the Mets A-Zone1 also supported by a magnetic susceptibility low tracking the same Feature. This Feature has only been drill tested historically to shallow depths ( 60 m) and remains open at depth where it exhibits increasing current density. While these geophysical features are seemingly coincident, it also could be due to other geological factors.

Short Wave Infrared Light ('SWIR') Interpretation

Short wave infrared light ('SWIR') analysis was undertaken on all the core drilled at Mets in 2023. SWIR is a helpful tool to identify and characterize minerals and establish relationships between species of minerals and alteration/mineralization. Preliminary analysis suggests a relationship between the presence or absence of interpreted dickite, the high-grade Au mineralization and the coincident geophysics response. Dickite is a clay mineral (part of the kaolinite group) and can be often found associated with gold-bearing epithermal systems. The SWIR interpretation appears to be strongly associated with the upper portions of the high-grade Au mineralization in all 5 holes drilled at Mets in 2023. Further interpretations are currently underway to fully characterize alteration. SWIR responses can be non-unique, and X-Ray Diffraction ('XRD') analysis is required to confirm mineral species present.

QA/QC

Samples for the Mets 2023 drill program were handled via rigorous chain of custody, including sample collection, processing, and delivery to the MSA laboratory in Langley, B.C. The drillcore was logged, photographed, and sampled at TDG's Baker Mine site and processed by geologists and technicians. Quality assurance and control ('QAQC') materials were inserted into the sampling sequence during geological sample selection. The drillcore selected for sampling was split by mechanical core splitter and then placed in zip-tied polyurethane bags, then in security-sealed rice bags before being delivered directly by TDG staff from the Baker Mine site, to Bandstra Transportation Systems in Prince George, ultimately to the MSA facility in Langley, B.C. Samples were prepared and analyzed following procedures: CRU-240, SPL-415, PPU-510 for sample preparation, FAS-221 for Au and IMS-235 for Ag and trace elements. Overlimit concentrations (> 20 ppm Au) of precious metals were analyzed (where applicable) by MSC-550. Information about methodology can be found on the MSA Labs website, in the analytical guide (here).

QAQC is maintained internally at the lab through rigorous use of internal certified reference materials ('CRMs'), blanks, and duplicates. An additional QAQC program was administered by TDG through the verification of lab results via use of CRMs and blank (unmineralized) samples that were blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.

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 or earn-in agreement. 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 which remains open at depth and along strike. In January 2023, TDG defined a larger exploration target area adjacent to Shasta (Greater Shasta-Newberry; see TDG news release January 25, 2023). In 2023, TDG published the first modern drill results from the Mets mining lease (see TDG news releases September 07, 2023, September 11, 2023 and November 28, 2023).

Contact:

Fletcher Morgan

Chief Executive Officer

TDG Gold Corp.

Tel: +1.604.536.2711

Email: info@tdggold.com

Forward Looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as 'appear',' interpret', 'continuity', 'observe', 'demonstrate', 'coincident', 'characterize', 'potential', 'confirm', 'suggest', 'evaluate', 'validate', 'develop', 'refine', 'expand', 'qualitative', 'support', and variations of these words as well as other similar words or statements that certain events or conditions 'could', 'may', 'should', 'would' or 'will' occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current and planned exploration activities including the potential for the definition of a high-grade gold or other style of mineral deposit of potential economic value within the Mets mining lease; results from future exploration programs including drilling; interpretation and meaning of completed and future geophysical surveys; conclusions of future economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the company to complete the planned work programs; delays in obtaining governmental approvals or financing and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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