TDG Gold Corp. reported a 13.5 metre drill intercept of 2.55 grams per tonne ("g/t") gold and 115 g/t silver 3.99 g/t AuEq from 42.0 m depth in hole SH21-043 located in the JM Zone contained within a broader interval of 57.2 m of 0.93 g/t Au and 39 g/t Ag [1.41 g/t AuEq] from 12.0 m depth. Preliminary results from SH21-043 are presented in this news release along with preliminary results from five other drillholes drilled within the JM and Shasta Zones at TDG's former producing Shasta project in the Toodoggone District, B.C. DDH SH21-043 intersected: 57.2 m of 0.93 g/t Au and 39 g/t Ag [1.41 g/t AuEq] from 12.0 m depth; Including, 13.5 m of 2.55 g/t Au and 115 g/t Ag [3.99 g/t AuEq] from 42.0 m depth.

The set of drillholes SH21-043, SH21-045 and SH21-048 were designed to confirm historical drilling adjacent to and underneath the JM open pit and associated underground workings. Drillhole SH21-043 confirmed that historical high-grade mineralization was left in-situ, just past the pit bottom, that was not extracted during underground mining. SH21-045 and SH21-045B both terminated short, hitting an underground void interpreted to be old mine workings.

However, both holes ended in increasing (> 1 g/t) Au mineralization (Figure 2). Drillhole SH21-050 was drilled south of all historical mining efforts in the JM Zone to test the southern extent of the JM structure. It returned a broad intercept of mineralized material beyond the historical mine workings and at a depth deeper than historical drilling efforts.

This illustrates the potential of the JM structure to the south and continuity of the mineralization across the interpreted strike of the structure. SH21-051 was the final drillhole in the 2021 drill campaign. This drillhole was the most southerly drillhole drilled by TDG in the Shasta Zone targeting the Shasta Fault.

The hole intersected weakly to moderately altered volcaniclastic rocks that persisted throughout the length of the drillhole; however, at the end of the drillhole, alteration and quartz-carbonate vein density began to increase with an increasing precious metal concentration. Along with structural modeling underway, hole SH21-051 is interpreted to have missed the Shasta Fault (terminated short, on the hanging-wall side) suggesting the structure may begin to turn more easterly than previously understood with the mineralized target therefore being deeper and more westerly. All 2021 drillholes are 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.