TDG Gold Corp. Intercepts 14.2 Metres of 3.55 g/t Gold Equivalent West of the Creek Zone, at the Shasta Project, Toodoggone District, B.C.

WHITE ROCK, BC / ACCESSWIRE / March 28, 2022 / TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to report results from four diamond drillholes (Figure 1) completed in the Creek and JM Zones at TDG's 100% owned, former producing Shasta gold-silver ("Au-Ag") project in the Toodoggone District, B.C.

DDH SH21-037 intersected: 26.2 metres ("m") of 1.81 grams per tonne ("g/t") gold and 24 g/t silver;

Including, 14.2 m of 3.10 g/t Au and 37 g/t Ag [3.55 g/t AuEq*] from 127.3 m to 141.5 m

The four results presented in this news release are a combination of infill holes to validate historical gold and silver grades to contribute to a NI 43-101 Mineral Resource Estimate targeted for Q2 2022 and as peripheral step-outs to the known Shasta mineralization.

SH21-034 and SH21-037 (Figure 2) were designed to test continuity of mineralization west of SH21-007 and SH21-008 (see TDG News Release January 11, 2022) and demonstrate Au-Ag mineralization in an under-tested northern area of the Shasta system (Table 1).

SH21-031 (Figure 3) was designed as a western step-out of the known Mineralized Target Zone and is further evidence of a ‘mineralized halo' that extends distal from known high-grade mineralized zones within the Shasta system (See TDG News Release February 22, 2022). SH21-032 (Figure 3) was drilled to test for mineralization central to the Shasta system between the high-grade Creek Zone to the west and the JM Zone¹ to the east (Figure 1). SH21-032 returned a broad intercept of 121.9 m of 0.34 g/t Au and 15 g/t Ag, confirming low-grade Au-Ag between the two high-grade mineralized structures (Image 1).

¹The JM Zone is best visualized as the surface trace of the NW-SE striking historical mine workings. Geological modelling of the JM Structure is underway, utilizing oriented core data from 2021 in addition to comprehensive assay and geological logging efforts.

Image 1. Mineralization Encountered in Drillhole SH21-032 from 90.54 - 96.63 m; Calculated composite (absolute, no cut off) through 91.3 to 95.5 m (4.2m) 0.32 g/t Au and 32 g/t Ag [0.72 g/t AuEq*].

Figure 1. Plan Map of the JM/Creek Zone(s)

Other key intercepts in the 2021 drilling are summarised in Table 1. Drill results for remaining 2021 drillholes are awaiting completion of final assays.

Table 1. Significant Results from the 2021 Drilling within and across the Creek and JM Zones.

Figure 2. Section 6347565 Looking North (+/- 10 m Slice), Drillholes SH21-034 & SH21-037.

Figure 3. Section 5186620 Looking Northwest (+/- 50 m Slice), Drillholes SH21-031 and SH21-032.

All 2021 drillholes were HQ sized drill core, and historical core are NQ/BQ core size. Particulars for 2021 drillholes (location, depth, etc.) are presented in Table 2. Assay results were received from SGS Labs Canada ("SGS"). Internal QA/QC review by TDG, working with Moose Mountain Technical Services ("MMTS"), is ongoing and therefore results are still considered preliminary.

Table 2. 2021 Drillhole Particulars.

QA/QC

Samples for the Shasta 2021 drill program followed chain of custody between collection, processing and delivery to an SGS laboratory in Burnaby, B.C. The drill cores were delivered to the core shack at TDG's Baker Mine site, and processed by geologists who inserted certified reference materials, blanks and duplicates (pulp and coarse) into the sampling sequence. The 2021 drill core was cut in half (1/2 HQ core) and placed in zip-tied polyurethane bags, then in security-sealed rice bags before being delivered directly from the Baker Mine site, to Bandstra Transportation Systems in Prince George, B.C., and ultimately to the SGS laboratory in Burnaby, B.C. Samples were prepared and analyzed following procedures summarized in Table 3, where information about methodology can be found on the SGS Canada Website, in the analytical guide (here).

Table 3. Au and Ag Analytical Methods.

Quality assurance and control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program was administered by TDG Gold through the use of certified reference materials ("CRMs"), duplicate samples and blank 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. For the purposes of this press release, results are ‘preliminary' and thus have not undergone TDG's comprehensive QAQC investigations.

Qualified Person

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

This news release includes historical drilling information that has been reviewed by the Company's geological team. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, the Company cannot directly verify the accuracy of the historical data, including the procedures used for sample collection and analysis. Therefore, the Company encourages investors to exercise appropriate caution when evaluating these results. Further data review is underway, in order to verify the validity of the data for the anticipated NI 43-101 compliant mineral resource estimate.

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. In 2021, TDG advanced the projects through compilation of historical data, new geological mapping, geochemical and geophysical surveys, and, for Shasta, drill testing of the known mineralization occurrences and their extensions. TDG currently has 78,361,085 common shares issued and outstanding.

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

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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 "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and 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.

SOURCE: TDG Gold Corp.