Vancouver, British Columbia – (Newsfile Corp. – September 23, 2022) – Tudor Gold Corp. (TSXV:TUD) (FSE: TUC) (the “company” or “Tudor gold“) announces that following the Company’s news releases dated July 13, 2021, February 1, 2022, July 8, 2022, August 4, 2022, August 10, 2022 and August 30, 2022 (the “First press releases’), the Company entered into an amended and restated agreement dated September 23, 2022 (the ‘Changed approval“) with Goldstorm Metals Corp. (“gold storm‘), its wholly owned subsidiary, in connection with the proposed spin-off of the Company’s six contiguous mineral properties located in the Golden Triangle area of ??northwestern British Columbia (collectively, the ‘property of the Crown’) by way of the Agreement Plan (the ‘arrangement“).

Subsequent to initial news releases and pursuant to the Amended Agreement, the Company has approved the terms of Goldstorm’s non-brokered private placement (the “Goldstorm Private Placement”) to be completed in connection with the Arrangement and resulting from the issue of Shares by Goldstorm (each a “Goldstorm unit’) at a price of $0.26 per Goldstorm unit. Each Goldstorm unit consists of one Goldstorm common share (a “Goldstorm stock‘) and a warrant to purchase one common share (each a ‘Goldstorm Warrant“). Each Goldstorm Warrant is exercisable to purchase one share of Goldstorm at a price of $0.60 for a period of two years from the date of issuance. In connection with the Goldstorm Private Placement, Goldstorm may also pay finder’s fees of up to 8% of gross proceeds and issue finder’s guarantees of up to 8% of the Goldstorm Units being offered.

More information about the agreement can be found in the first press releases.

About Tudor Gold

TUDOR GOLD Corp. is a precious and base metals exploration and development company with properties located in British Columbia’s Golden Triangle, Canada, an area with significant manufacturing and…