On March 14, 2024, TDG Gold Corp. (“TDG Gold”) announced the completion of acquisition of a 100% interest in the Oxide Peak mineral tenures (“Oxide Peak”) located in the Toodoggone District of north-central B.C., pursuant to the terms of a definitive purchase agreement (the “Purchase Agreement”) with ArcWest Exploration Inc. (“ArcWest”) announced on February 14, 2024.

TDG Gold had signed an initial option agreement (the “Option Agreement”) with ArcWest in December 2019 in connection with Oxide Peak. Since then, TDG Gold had completed approximately $3.3 million of exploration expenditures on Oxide Peak, including 2,050 metres of diamond drilling and identifying several targets prospective for the discovery of porphyry copper / gold systems. In connection with the Purchase Agreement, the Option Agreement was terminated.

Per the terms of the Purchase Agreement, TDG Gold paid $100,000 and issued 412,031 common shares of TDG Gold (the “TDG Shares”). TDG Gold also granted a 2% net smelter returns royalty on Oxide Peak to ArcWest, of which 1% may be repurchased by TDG Gold for $1.0 million. The TDG Shares are subject to a four-month hold period under applicable securities laws, as well as certain orderly sales requirements agreed to between TDG Gold and ArcWest.

TDG Gold is a mineral exploration and development company that holds mineral claims in the Toodoggone district of British Columbia, which include the former producing Shasta and Baker mines.

Further details regarding TDG Gold and the Private Placement can be found on TDG Gold’s website. TDG Gold trades under the symbol “TDG” on the TSX Venture Exchange.