Financial News

TUDOR GOLD Appoints Joe Ovsenek as President and CEO and Augments Its Executive Team

By: Newsfile

Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to announce that it has augmented its executive team with the appointment of Joe Ovsenek as President and Chief Executive Officer, Ken McNaughton as Vice President, Project Development and Michelle Romero as Vice President, External Affairs, effective immediately. Grant Bond will assume the role of Chief Financial Officer following the filing of the Company's 2024 audited financial statements. Ken Konkin will remain with the Company and resume his previous role as Senior Vice President of Exploration.

Augmented Executive Team

The new members of the Company's executive team have been responsible for building teams and leading the growth of public resource companies from discovery through permitting and construction to production. Notably, Joe Ovsenek led the executive team, including Ken Konkin, as they advanced the Brucejack Mine from discovery to commercial production in under eight years while at Pretium Resources. For more background on each of the individuals, we refer you to our web site, www.tudor-gold.com.

Ken Konkin, Senior Vice President of Exploration and Director, commented: "On behalf of the team, I am very pleased to welcome Joe Ovsenek as the new President and CEO of Tudor Gold. Joe is a proven mine builder who recently transitioned from our Advisory Board to the Board of Directors, and now into his new leadership role. I've had the privilege of working with Joe for many years at Silver Standard and Pretium Resources, and I'm confident that his leadership and broad experience across all facets of the mining industry will greatly benefit the Company in its next chapter. I look forward to rejoining the technical team where I believe I can best apply my specific skill set as a base and precious metals explorationist. This move will undoubtably strengthen our team as we continue to advance Treaty Creek toward becoming a multi-generational tier-1 mining asset that benefits our shareholders, local communities and the province of British Columbia."

Joe Ovsenek, President, CEO, and Director of Tudor Gold, stated: "We are looking forward to adding our experience to complement the talented and experienced technical team, led by Ken Konkin, advancing the Goldstorm Deposit at Treaty Creek. Treaty Creek stands out as a cornerstone asset with several key strategic advantages—including excellent infrastructure access, a robust and expanding copper, gold, and silver resource base, and strong relationships with First Nations and local communities. These strengths, along with the high-grade potential of the new SC-1 discovery, uniquely position Treaty Creek for long-term success. We are eager to roll up our sleeves and get working on unlocking further value for shareholders and supporting the economic growth of the region."

About Tudor Gold

TUDOR GOLD CORP. is a precious and base metals exploration and development Company with claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Newmont Corporation's Brucejack property to the southeast.

ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.

" Joe Ovsenek"

Joe Ovsenek
President and Chief Executive Officer

For further information, please visit the Company's website at www.tudor-gold.com or contact:

Chris Curran
Vice President of Investor Relations and Corporate Development
Phone: (604) 559 8092
E-Mail: chris.curran@tudor-gold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-Looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities; the Company's intention to construct an exploration ramp to target the Supercell Cell One Zone for infill and expansion drilling at their flagship Treaty Creek Project; that this initiative will substantially reduce both the cost and time required to drill and define the Supercell One Zone from underground drilling stations compared to conventional surface drilling; that once completed the underground infrastructure will provide long-term benefits to the project; the underground development will be important in the selection of optimum material required for a 10,000-tonne test for a pilot process; that the advantages of driving an exploration development ramp are significant and will bring significant value to the Project; once the underground exploration drift is completed, year-round drilling program of approximately 25,000 meters will focus on the Supercell One Zone and peripheral areas; following ramp construction, Tudor Gold will accelerate its drilling program with the goal of fully unlocking this potential multimillion ounce high-grade gold system; that the Supercell One Zone is on its way to becoming a significant asset within the Goldstorm Deposit; that the exploration drill campaign planned for the Supercell One Zone and the remainder of the Goldstorm Deposit will further enhance this potential; that this initiative will assist in attracting a strategic partnership; and that the Company plans to further explore the Supercell-One system and review other gold-dominant sub-domains.

Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company's planned exploration activities will be completed in a timely manner. The Company's financial condition and development plans do not change as a result of unforeseen events, that future gold prices and the demand and market outlook for gold will remain stable or improve, that the exploration ramp will result in the benefits anticipated; that underground development is important in the selection of optimum material required for a pilot process; that the advantages of driving an exploration development ramp will prove to be significant and will bring significant value to the Project; assumptions regarding the Company's exploration plans; the viability of the Supercell One Zone and the impact of the exploration drill program on the same; and that the Company's initiatives will attract strategic partnership. Material assumptions relating to the indicated mineral resource and inferred mineral resource are contained in the Company's Technical Report filed on SEDAR+ at www.sedarplus.ca.

Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that the exploration ramp will not result in the benefits anticipated, increased competition, that management's expectations regarding the viability of the Supercell One Zone will prove to be inaccurate, that the Company will not have the resources required to carry out its exploration plans or complete construction of the exploration ramp, risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251581

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