TUDOR ANNOUNCES RESULTS OF MEETING AND NEXT STEPS

CALGARY, Nov. 24 /CNW/ - Tudor Corporation (TSX: TDR) ("Tudor") is pleased to announce the results of its shareholder meeting held November 18, 2010, and advise on next steps going forward. The annual and special meetings were held on Thursday, November 18, 2010, to consider an amalgamation with Marzcorp Oil & Gas Inc. ("Marzcorp"), a private company, with oil and gas permits in Quebec (the "Acquisition"). The special resolution to approve the Acquisition was approved by 100% of the Tudor shareholders voting in connection with the transaction. The voting results have been posted on SEDAR. In addition, Tudor has been advised by the TSX Venture Exchange that its application for listing will be heard by the Listing Committee tomorrow, November 25, 2010. Closing of the Acquisition is anticipated to take place as soon as practicable after the closing of the proposed private placement being conducted by Marzcorp and subject to receipt of stock exchange approval. Please see the press releases dated March 31, April 21, July 20, September 9, and September 20, and October 25, 2010, for additional information.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE DOES NOT CONSTITUE AN OFFER TO SELL SECURITIES OR A SOLICITATION FOR PURCHASERS TO BUY SECURITIES.  THIS PRESS RELEASE IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING IN ANY PROVINCE IN CANADA UNLESS A PROSPECTUS RELATING THERETO HAS BEEN ACCEPTED FOR FILING BY A SECURITIES COMMISSION OR SIMILAR AUTHORITY IN SUCH PROVINCE.

Investors are cautioned that this news release contains forward looking information concerning the timing and completion of the Acquisition and the completion of the Marzcorp Financing and other matters. There is a risk that the Marzcorp Financing will not be completed or that stock exchange approval will not be received, and therefore the Acquisition would not be completed.  Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to the completion of the Acquisition, the Marzcorp Financing or other matters addressed in this news release.

For further information:

Lionel Conn       President and Director     Phone [phone]

Frank Marzoli President and Director Phone [phone]