Tudor Gold (TSXV:TUD) - Pitch Perfect, December 2025

Tutor Gold Corp. – Treaty Creek Project Update

Key Concepts:

• Treaty Creek Project: A large gold deposit located in the Golden Triangle of British Columbia, Canada.
• Indicated & Inferred Resources: Categories of mineral resource estimation, indicating varying levels of geological confidence.
• Golden Triangle: A highly prospective region for gold and other mineral deposits in northwestern British Columbia and southeastern Alaska.
• Preliminary Economic Assessment (PEA): A study to determine the economic viability of a mining project.
• Bulk Tonnage Mining: A mining method suitable for large, low-grade deposits.
• High-Grade Mineralization: Areas with significantly higher concentrations of valuable minerals (in this case, gold).
• Perfect Storm Deposit: A newly identified area within the Treaty Creek project showing promising high-grade gold potential.

1. Project Overview & Resource Estimate

Tutor Gold Corp. holds an 80% interest in the Treaty Creek project, situated in the Golden Triangle of British Columbia. The project currently boasts a significant mineral resource: 21.6 million ounces of gold in the indicated category and 4.88 million ounces of gold in the inferred category. The company’s team previously discovered, built, and operated the Bruce Jack mine (now owned by Newmont Gold) in the same region, demonstrating their experience in the challenging environment of the Golden Triangle. The current resource estimate is based on a “bulk tonnage” approach, utilizing 10x10x10 meter blocks for modeling, resulting in a somewhat “pixelated” representation.

2. Focus on High-Grade Mineralization

A key strategic focus for Tutor Gold is the higher-grade gold mineralization within the deposit, specifically in the 2 to 3 grams per ton range. The company believes this higher-grade material will be crucial for initiating mining operations. A resource estimator is currently working on an updated resource estimate, expected in January of this year, with a specific focus on refining the delineation of this higher-grade gold. The modeling is being refined to reduce the “pixelation” and incorporate more data points for a more accurate representation of the high-grade zones.

3. Economic Assessment Timeline & Threshold

If the updated resource estimate reveals 5 million ounces or more of gold at approximately 2 grams per ton, Tutor Gold plans to proceed with a Preliminary Economic Assessment (PEA). The target completion date for the PEA is mid-2026. This assessment will determine the economic feasibility of developing the Treaty Creek project.

4. Underground Ramp Development & Drilling Program

Tutor Gold filed for a development permit in August of last year to construct an underground ramp accessing the core of the deposit. This ramp will allow for year-round drilling at tighter drill spacing, reducing costs and improving resource definition. Permit approval is anticipated mid-year, with ramp construction expected to take approximately one year before drilling can commence.

5. Exploration at the Perfect Storm Deposit

Beyond the main Gold Storm deposit, Tutor Gold is highly encouraged by initial drilling results at the “Perfect Storm” deposit, located within the Treaty Creek property. In 2023 drilling, one hole intersected 1.23 grams per ton of gold over 102 meters. Geologists believe the Perfect Storm deposit has the potential to be larger and higher grade than the existing Gold Storm deposit. A drilling program with a budget of $14-15 million Canadian is planned for this summer to further explore and define the Perfect Storm resource.

6. Infrastructure & Logistics

The Treaty Creek project benefits from relatively good infrastructure. It is located approximately 40 kilometers from a paved highway and a major transmission line. A deep-water port, approximately 200 kilometers away, provides access for shipping concentrate.

7. Management Team Expertise

The Tutor Gold management team has a long history of working together, dating back to the early 1990s. They were instrumental in the discovery, construction, and operation of the Bruce Jack mine, demonstrating their capability to advance a mining project from exploration to production in the Golden Triangle. As Joel Olsen stated, “We know what it takes to take a mine and a project from discovery right through to production in the Golden Triangle.”

8. Forward-Looking Statements

Joel Olsen explicitly noted that the presentation contained forward-looking statements, implying inherent risks and uncertainties associated with future projections.

Synthesis/Conclusion:

Tutor Gold Corp. is focused on unlocking the value of its substantial gold resource at the Treaty Creek project. The company’s strategy centers on delineating and prioritizing the higher-grade mineralization within the deposit, coupled with strategic exploration at the promising Perfect Storm target. With a seasoned management team and a clear timeline for resource updates and economic assessments, Tutor Gold is actively working towards bringing the Treaty Creek project into production. The success of the planned drilling programs and the outcome of the PEA will be critical milestones in realizing this goal.