TDG Gold Corp. Announces Appointment of Director and Chair

WHITE ROCK, January 23, 2023 - TDG Gold Corp. - (TSXV:TDG) (the "Company" or "TDG") today announced that it has appointed Stephen Quin, an experienced mining executive, as non-executive director and Chair of the Company effective January 23, 2023. In order to facilitate this appointment, Andrew French has resigned as a director and Chair of the Company. The Board extends its sincere thanks to Mr. French for his critical contribution during his tenure with the Company from its earliest days, including the acquisition of TDG's Toodoggone properties.

Mr. French commented: "As TDG evolves and expands its exploration activities in the Toodoggone region of B.C., we are very pleased to have attracted someone of Stephen's experience to lead the board and guide the management team in the growth of the company. Stephen's appointment speaks to the high quality of the Company's projects and their potential."

"Having visited TDG's properties several times over the past two years and seen firsthand the gold and silver exploration opportunities offered in this prospective mineralized region, and of TDG's properties in particular, I am pleased to join the board of directors and take on the position of Chair," said Stephen Quin "TDG's properties share a number of characteristics with prior projects I have been involved with, namely a long history of exploration, extensive but fragmented historical databases and historically fragmented ownership impeding effective exploration. Re-envisioning the project holistically has begun, and new targets and opportunities have already been identified," he said. "I look forward to leading the board through this next stage in its evolution."

Mr. Quin is a graduate of the Royal School of Mines, London, with a B.Sc. in Mining Geology, a Professional Geoscientist in BC and has more than 40 years' experience in all facets of the mining industry from exploration to operations and mine closure, as well as corporate governance and capital markets. He is the former CEO and President of Midas Gold, former President and COO of Capstone Mining, was President & CEO of Sherwood Copper and Executive Vice President of Miramar Mining Corp. and Northern Orion Explorations. He currently serves as a non-executive director of Bravo Mining Corp., Kutcho Copper Corp. and West Vault Mining Inc. and has been nominated to the board of Hot Chili Limited.

About TDG Gold Corp.

TDG is a major mineral claim 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, Baker and Mets mines, which are all road accessible, produced intermittently between 1981-2012, and 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, drill testing of the known mineralization occurrences and their extensions. An initial NI 43-101 Mineral Resource Estimate was published for Shasta in May 2022, while additional extensional and new target areas surrounding the project have been identified and prioritized for future drill programs.

ON BEHALF OF THE BOARD

Fletcher Morgan
Chief Executive Officer

For further information contact:

TDG Gold Corp.,
Telephone: +1.604.536.2711
Email: info@tdggold.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.

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 "estimate", "targets", "prospective", "quality", "opportunities", and "potential" and variants of these words as well as other similar words or statements that certain events or conditions "may" 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 exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; 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.

Qualified Person

The technical content of this news release has been reviewed and approved Steven Kramar, MSc., P.Geo., Vice President, Exploration for TDG Gold Corp., a qualified person as defined by National Instrument 43-101.

SOURCE: TDG Gold Corp.