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

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Tudor Gold (TDRRF) has announced significant executive team changes, appointing Joe Ovsenek as President and CEO, along with Ken McNaughton as VP of Project Development and Michelle Romero as VP of External Affairs. Grant Bond will become CFO after the filing of 2024 financial statements. Ken Konkin will transition to his previous role as Senior VP of Exploration.

The new executive team brings extensive experience in advancing mining projects from discovery to production. Notably, Ovsenek previously led the development of the Brucejack Mine from discovery to commercial production in under eight years at Pretium Resources. The company's focus remains on advancing the Treaty Creek project's Goldstorm Deposit, which features strong infrastructure access, expanding copper, gold, and silver resources, and established relationships with First Nations.

Tudor Gold (TDRRF) ha annunciato importanti cambiamenti nel team esecutivo, nominando Joe Ovsenek come Presidente e CEO, insieme a Ken McNaughton come VP dello Sviluppo Progetti e Michelle Romero come VP delle Relazioni Esterne. Grant Bond assumerà il ruolo di CFO dopo la presentazione dei bilanci finanziari del 2024. Ken Konkin tornerà al suo precedente incarico di Senior VP dell'Esplorazione.

Il nuovo team esecutivo porta con sé una vasta esperienza nel portare avanti progetti minerari dalla scoperta alla produzione. In particolare, Ovsenek ha guidato lo sviluppo della miniera Brucejack, portandola dalla scoperta alla produzione commerciale in meno di otto anni presso Pretium Resources. L'attenzione dell'azienda rimane focalizzata sull'avanzamento del progetto Treaty Creek e del giacimento Goldstorm, che vanta un'ottima accessibilità infrastrutturale, risorse in espansione di rame, oro e argento, e solide relazioni con le Prime Nazioni.

Tudor Gold (TDRRF) ha anunciado cambios significativos en su equipo ejecutivo, nombrando a Joe Ovsenek como Presidente y CEO, junto con Ken McNaughton como VP de Desarrollo de Proyectos y Michelle Romero como VP de Asuntos Externos. Grant Bond asumirá el cargo de CFO tras la presentación de los estados financieros de 2024. Ken Konkin volverá a su anterior puesto como Vicepresidente Senior de Exploración.

El nuevo equipo ejecutivo aporta amplia experiencia en llevar proyectos mineros desde el descubrimiento hasta la producción. Destaca que Ovsenek lideró previamente el desarrollo de la mina Brucejack, llevándola de la fase de descubrimiento a la producción comercial en menos de ocho años en Pretium Resources. La compañía continúa enfocada en avanzar en el proyecto Treaty Creek y el depósito Goldstorm, que cuenta con un acceso a infraestructura sólido, recursos en expansión de cobre, oro y plata, y relaciones establecidas con las Primeras Naciones.

Tudor Gold (TDRRF)는 중대한 경영진 변화를 발표하며 Joe Ovsenek를 사장 겸 CEO로, Ken McNaughton을 프로젝트 개발 부사장으로, Michelle Romero를 대외 업무 부사장으로 임명했습니다. Grant Bond는 2024년 재무제표 제출 후 CFO가 될 예정이며, Ken Konkin은 이전 직책인 탐사 수석 부사장으로 복귀합니다.

새 경영진은 탐사부터 생산까지 광산 프로젝트를 추진하는 데 풍부한 경험을 갖추고 있습니다. 특히 Ovsenek는 Pretium Resources에서 Brucejack 광산을 발견부터 상업 생산까지 8년 이내에 성공적으로 이끈 바 있습니다. 회사는 강력한 인프라 접근성, 증가하는 구리, 금, 은 자원, 그리고 원주민과의 확립된 관계를 가진 Treaty Creek 프로젝트의 Goldstorm 광산 개발에 계속 집중하고 있습니다.

Tudor Gold (TDRRF) a annoncé des changements importants au sein de son équipe de direction, nommant Joe Ovsenek président et CEO, ainsi que Ken McNaughton vice-président du développement de projets et Michelle Romero vice-présidente des affaires externes. Grant Bond deviendra CFO après le dépôt des états financiers 2024. Ken Konkin reprendra son poste précédent de vice-président principal de l'exploration.

La nouvelle équipe dirigeante apporte une vaste expérience dans l'avancement des projets miniers, de la découverte à la production. Notamment, Ovsenek a précédemment dirigé le développement de la mine Brucejack, la menant de la découverte à la production commerciale en moins de huit ans chez Pretium Resources. La société reste concentrée sur l'avancement du projet Treaty Creek et du gisement Goldstorm, qui bénéficie d'une bonne accessibilité aux infrastructures, de ressources croissantes en cuivre, or et argent, ainsi que de relations établies avec les Premières Nations.

Tudor Gold (TDRRF) hat bedeutende Änderungen im Führungsteam bekannt gegeben und Joe Ovsenek zum Präsidenten und CEO ernannt, zusammen mit Ken McNaughton als VP für Projektentwicklung und Michelle Romero als VP für externe Angelegenheiten. Grant Bond wird nach Einreichung der Finanzberichte für 2024 CFO. Ken Konkin kehrt in seine vorherige Position als Senior VP für Exploration zurück.

Das neue Führungsteam bringt umfangreiche Erfahrung in der Weiterentwicklung von Bergbauprojekten von der Entdeckung bis zur Produktion mit. Besonders hervorzuheben ist, dass Ovsenek zuvor die Entwicklung der Brucejack-Mine bei Pretium Resources von der Entdeckung bis zur kommerziellen Produktion in weniger als acht Jahren leitete. Das Unternehmen konzentriert sich weiterhin auf die Weiterentwicklung des Treaty Creek-Projekts und der Goldstorm-Lagerstätte, die über eine gute Infrastruktur, wachsende Kupfer-, Gold- und Silberressourcen sowie etablierte Beziehungen zu den First Nations verfügt.

Positive
  • Appointment of experienced mine builder Joe Ovsenek as CEO, who successfully led Brucejack Mine from discovery to production
  • Strategic strengthening of executive team with proven track record in resource development
  • Treaty Creek project has strong infrastructure access and expanding copper, gold, and silver resources
  • Established relationships with First Nations and local communities
Negative
  • None.

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

FAQ

Who is the new CEO of Tudor Gold (TDRRF) and what is his background?

Joe Ovsenek is the new President and CEO of Tudor Gold. He previously led the development of the Brucejack Mine at Pretium Resources, advancing it from discovery to commercial production in under eight years.

What changes were made to Tudor Gold's executive team in May 2025?

Tudor Gold appointed Joe Ovsenek as President and CEO, Ken McNaughton as VP of Project Development, Michelle Romero as VP of External Affairs, and Grant Bond will become CFO. Ken Konkin transitioned to Senior VP of Exploration.

What are the key advantages of Tudor Gold's Treaty Creek project?

Treaty Creek's key advantages include excellent infrastructure access, an expanding copper, gold, and silver resource base, strong relationships with First Nations and local communities, and high-grade potential from the new SC-1 discovery.

What is Ken Konkin's new role at Tudor Gold (TDRRF)?

Ken Konkin is returning to his previous role as Senior Vice President of Exploration, focusing on his expertise in base and precious metals exploration.
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