Tudor Gold & Perfectstorm: New Porphyry Discovery Adds a Second Mineralisation System at Treaty Creek

• Tudor Gold Corp. has identified a new copper-gold-silver-molybdenum porphyry system and confirmed more than 360 meters of strike continuity within a separate gold-silver epithermal system at Perfectstorm.
• The newly identified porphyry system returned 4.59 grams per tonne gold and 0.67 grams per tonne silver over 10.50 meters, including 11.15 grams per tonne gold and 0.84 grams per tonne silver over 3 meters.
• A separate porphyry intersection returned 0.34 grams per tonne gold, 1.89 g/t silver, 0.27% copper, and 53.72 ppm molybdenum over 67.35 m, providing a broad polymetallic interval for further drilling.
• The gold-silver epithermal system returned 0.78 grams per tonne of gold and 2.90 grams per tonne of silver over 74.15 meters, extending the reported mineralized trend across more than 360 meters of strike.
• The newly discovered PSP Zone within Perfectstorm is approximately one kilometer southwest of Goldstorm and four kilometers northeast of Seabridge Gold's Iron Cap Deposit along the Sulphurets corridor.

What Has Happened

Tudor Gold's (TSXV: TUD) August 6, 2026 results from the initial 2026 Perfectstorm drilling identify two distinct mineralization systems within the 80%-owned Treaty Creek Project. The company reported a new copper-gold-silver-molybdenum porphyry system, designated the PSP Zone, while additional drilling confirmed continuity within the gold-silver epithermal PSE Zone.

The results establish separate drilling objectives at Perfectstorm. The PSP Zone remains open in all directions and requires further drilling to define its geometry and true widths, while the PSE Zone now has more than 360 meters of reported strike continuity. Tudor recorded 7,752 meters of drilling at Perfectstorm and listed development of a mineral resource estimate (MRE) for an additional Treaty Creek deposit among its 2026 plans.

The PSP Zone Adds a New Polymetallic Porphyry Target

The PSP Zone is hosted within a potassic-altered diorite porphyry intrusive and contains gold, silver, copper, and molybdenum mineralization. Tudor places the zone approximately one kilometer southwest of the Goldstorm Deposit and four kilometers northeast of Seabridge Gold's Iron Cap Deposit along the northeast-southwest trending Sulphurets corridor. The company states that the mineralized system remains open in all directions, so the current results establish its presence without defining its full dimensions.

The strongest reported interval returned 4.59 grams per tonne gold and 0.67 grams per tonne silver over 10.50 meters, including 11.15 grams per tonne gold and 0.84 grams per tonne silver over 3 meters. A separate intercept within the same drilling returned 0.24 grams per tonne gold, 2.11 grams per tonne silver, 0.21% copper, and 50.76 parts per million molybdenum over 82.90 meters, providing broader polymetallic mineralization alongside the higher-grade gold interval.

Another separate interval returned 0.34 grams per tonne gold, 1.89 grams per tonne silver, 0.27% copper, and 53.72 parts per million molybdenum over 67.35 meters, including 0.46 grams per tonne gold, 3.09 grams per tonne silver, 0.37% copper, and 54.51 parts per million molybdenum over 16.35 meters. Tudor has not established true widths for the mineralized body, making further drilling necessary to define its geometry before its resource potential can be assessed.

The PSE Zone Confirms Gold-Silver Epithermal Continuity

The PSE Zone represents a separate gold-silver mineralization system from the newly identified PSP porphyry. Tudor describes PSE as a near-surface, gold-dominant epithermal vein-hosted mineralized system and reports continuity across more than 360 meters of strike. That strike length establishes a defined exploration trend, but it does not constitute a mineral resource.

The latest reported interval returned 0.78 grams per tonne of gold and 2.90 grams per tonne of silver over 74.15 meters, including 2.16 grams per tonne of gold and 3.18 grams per tonne of silver over 9.10 meters. The result provides a broad gold-silver interval within the same trend that Tudor has now traced across more than 360 meters of strike. The company had previously reported historical mineralization at Perfectstorm of 1.23 grams per tonne of gold over 102.15 meters, including 42.5 meters at 1.80 grams per tonne of gold. The company release provides an updated width for that historical intersection, reporting 1.23 grams per tonne of gold and 3.43 grams per tonne of silver over 120.15 meters. The grade values are unchanged, while the disclosed interval width differs between the two company materials.

Perfectstorm Remains Separate From the Goldstorm Resource

The investment significance of the Perfectstorm results depends on whether the target is an established resource or an exploration target. Tudor reports that Goldstorm contains an Indicated Mineral Resource of 24.9 million ounces of gold, 148.7 million ounces of silver, and 3.048 billion pounds of copper, alongside an Inferred Mineral Resource of 4 million ounces of gold, 18.6 million ounces of silver, and 327.7 million pounds of copper.

Perfectstorm is not included in those Goldstorm resource figures. Tudor instead identifies Perfectstorm as one of the exploration zones surrounding the Goldstorm Deposit and lists the development of an MRE for an additional Treaty Creek deposit among its 2026 plans.

That distinction means the latest results do not increase Tudor's disclosed resource base. Instead, they provide additional geological evidence to determine whether Perfectstorm has sufficient continuity and geometry for a separate resource estimate. The PSP system remains open in all directions and lacks established true widths, while the PSE system has more than 360 meters of reported strike continuity but no disclosed resource.

The Exploration Scale Defines the Next Stage

Tudor identifies CBS, Eureka, and Perfectstorm as additional exploration areas around the Goldstorm Deposit. The presentation records 7,752 meters of drilling at Perfectstorm compared with more than 190,000 meters at Goldstorm, demonstrating that Perfectstorm is at a substantially earlier exploration stage relative to the project's established resource area.

That difference in drilling history is relevant to the resource-development objective because Perfectstorm has less drilling information available to establish geological continuity and geometry. Tudor's stated 2026 plan to develop a mineral resource estimate for an additional Treaty Creek deposit therefore requires further exploration data before a resource can be defined.

The August results provide two distinct datasets for that work. PSP supplies evidence for a newly identified polymetallic porphyry system that remains open in all directions, while PSE supplies more than 360 meters of reported gold-silver strike continuity. Further drilling determines whether either dataset can progress from exploration evidence toward resource definition.

What to Watch Next

The immediate milestone is continued drilling across the PSP and PSE priority areas. Tudor states that two drills are active at Perfectstorm and are focused on the two target areas. For PSP, subsequent results can define the orientation, true widths, and extent of the newly identified porphyry system. For PSE, further drilling can test the reported strike continuity of more than 360 meters.

At the broader Treaty Creek level, Tudor targets completion of the 2026 exploration drill program and development of an MRE for an additional deposit. The company also lists progress on the underground exploration ramp and completion of a Preliminary Economic Assessment (PEA) among its 2026 plans.

The next material evidence from PerfectStorm is therefore additional drilling that defines the geometry and continuity of the two systems. The current results establish a new polymetallic porphyry system and more than 360 meters of gold-silver epithermal strike, while the stated additional-resource objective remains dependent on subsequent geological definition.

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