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Planned 53-hole exploration drilling campaign targeting mainly the Berrigan, Radar, David, Dufault and Obalski properties

Montreal, Québec, June 20, 2025 ‒ TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Company”) is pleased to announce the upcoming launch of its 2025 drilling campaign, which will focus primarily on the properties currently under option from SOQUEM and Chibougamau Independent Mines in the Chibougamau Mining Camp, as well as its wholly-owned Obalski Project (the “Chibougamau Projects”).

David Grondin, CEO of TomaGold stated: “The Chibougamau Mining Camp has recently attracted significant exploration activity, underscoring the region’s increasing potential for gold and copper discoveries. Since the beginning of the year, we have compiled project data, advanced preliminary work, identified high-priority targets, and prepared our properties to be drill-ready. Our 53-hole exploration program will focus on our key projects—Berrigan, Radar, David, Dufault, and Obalski—with the objective of uncovering new gold-copper mineralization on well-defined, strategically selected targets. We are eager to commence drilling and build on the momentum in this highly prospective region.” 

Drill and Work Permits Secured

TomaGold has obtained all the necessary drilling and work permits, including the ATI (“Autorisation de Travaux à Impact”) and forestry permits, to begin exploration activities across its Chibougamau Projects.

Drill Pad Setup and Mobilization Status

All access trails to the drill sites have been cleared and secured, and the drill setups are ready for immediate mobilization. A total of 53 drill targets have been identified and are fully permitted. While preparing the sites during the winter, the team also conducted limited and selective surface sampling in select areas. Analytical results from this sampling are currently pending.

Geophysical Survey Work on Obalski

A downhole resistivity/induced polarization (IP) logging survey was conducted in hole OBS-17-002, which intersected the newly interpreted NE-SW Zone on the Obalski Project. The objective was to determine the in-situ physical properties of this high-grade copper-gold zone to define the most effective geophysical method for the upcoming drilling campaign. The resistivity and chargeability contrasts measured between the host rocks and the NE-SW Zone are up to 10,000 times more conductive and 10 times more chargeable, respectively. To confirm these results, the geophysical properties of hole OBS-23-032 were also measured. This hole was interpreted to have intersected the same NE-SW Zone some 65 m further south. The results again confirmed similar conductive and chargeable contrasts of 25,000x and 10x, respectively. These very high contrasts suggest that electromagnetic (EM) and induced polarization (IP) methods could be successfully applied in this geological context of the Obalski project and possibly the Chibougamau Camp.

3D Modelling and Structural Reinterpretation

TomaGold has completed approximately 95% of the geological reinterpretation and 3D modeling of the Obalski project. The updated model incorporates historical and recent data, providing a more comprehensive understanding of structural controls and mineralization trends. Final conclusions and visuals from the model will be presented shortly.

The Company has initiated a similar modelling and reinterpretation process across its other projects, leveraging the structural insights gained from the Obalski project reinterpretation.

Upcoming Geophysical Surveys (Pending Crew Availability)

TomaGold has outlined a series of geophysical surveys to be conducted across its Chibougamau Projects in 2025, pending crew availability and seasonal access. These surveys are designed to refine drill targeting and enhance geological modelling across key assets.

Summary of Planned Geophysical Work by Project:

These surveys will complement the current structural reinterpretation work and support future drilling campaigns across the portfolio.

The technical content of this press release has been reviewed and approved by Jean Lafleur, P.Geo., the Company’s Vice President of Exploration and a qualified person under National Instrument 43-101.

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in two gold properties in the vicinity of the camp: Obalski and Doda Lake. TomaGold also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc.

Contact:

David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com

Cautionary Statement on Forward-Looking Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the potential results of exploration and drilling activities, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors should change.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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Montreal, Québec, June 16, 2025 ‒ TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Company”) is pleased to announce that it has entered into a binding term sheet with Northern Superior Resources Inc. (TSXV: SUP; OTCQX: NSUPF; GR: D9M1) (“Northern Superior”) for the sale of its wholly-owned Hazeur, Monster Lake East and Monster Lake West properties (the “Properties”), located in the Chibougamau area, in the province of Quebec.

In consideration for the acquisition of the Properties, Northern Superior or any wholly-owned subsidiary of Northern Superior (the “Purchaser”) will provide the following consideration to TomaGold:

1. Closing Payment: A cash payment of $1,000,000 payable to TomaGold on the closing date of the acquisition;
2. Royalty: TomaGold shall retain a net smelter returns royalty of 2% (the “NSR”) on all mineral production from the Properties. The Purchaser, or any successor entity that holds an interest in the Properties, shall have the right to repurchase one half (1.0%) of the NSR at any time for a one-time cash payment of $1,000,000; and
3. Contingent Payment Upon Change of Control: An additional payment of $1,000,000, payable in cash or shares, at the election of the Purchaser (the “Contingent Payment”), shall be payable to TomaGold in the event that either:
   1. the Purchaser (or any successor entity, including any entity resulting from a merger, takeover bid, amalgamation, plan of arrangement or similar transaction) is acquired, directly or indirectly, by a third party with a minimum deemed market capitalization of $2 billion at the time of closing of such acquisition; or
   2. Northern Superior or the Purchaser (or any entity or person holding the Properties on behalf of Northern Superior) sells, transfers, assigns (including the entering into of an option agreement) the Properties, or completes a similar transaction involving the Properties, to a third party with a minimum deemed market capitalization of $2 billion.

David Grondin, President and CEO of TomaGold, said: “This is a great transaction for TomaGold, as it will enable us to finance our exploration activities on our core assets in the Chibougamau camp, without diluting our shareholders.”

The transaction remains subject to customary conditions, including regulatory approvals, and due diligence investigations, as well as the negotiation and execution of the definitive Asset Purchase Agreement.

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in two gold properties in the vicinity of the camp: Obalski and Doda Lake. TomaGold also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc.

Contact:

David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com

Cautionary Statement on Forward-Looking Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the realization of the transaction under the terms set out in this press release, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors should change.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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• Latest results from 2023 drilling program reveal new north-south trending polymetallic zone.
• Best results from the 1,540-metre drilling program include:
  • Hole OBS-23-031: 0.51 g/t Au, 11.8 g/t Ag and 1.09% Cu over 1.80 m
  • Hole OBS-23-031: 2.03 g/t Au, 13.0 g/t Ag and 0.59% Cu over 0.55 m
  • Hole OBS-23-032: 0.47 g/t Au, 47.5 g/t Ag and 2.84% Cu over 2.30 m, including 0.09 g/t Au, 303.0 g/t Ag and 17.40% Cu over 0.40 m
  • Hole OBS-23-034: 5.27 g/t Au, 23.7 g/t Ag and 0.48% Cu over 0.75 m
  • Hole OBS-23-035: 0.63 g/t Au, 36.05 g/t Ag and 2.42% Cu over 1.55 m

• Future work will include targeted geophysical surveys followed by drilling.

Montreal, Québec, February 21, 2025 ‒ TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Company”) is pleased to announce the latest results from the 2023 drilling program on the Obalski property, located 2 km south of Chibougamau, Quebec (Figure 1). The program began in June 2023 and was completed at the end of July 2023. It was interrupted twice by forest fires in the region.

The program consisted of six drill holes for a total of 1,539.9 metres. The NQ diameter core was stored in TomaGold’s core shack at the industrial park. The objective of the program was to demonstrate the presence of a north-south trending polymetallic mineralized system initially identified by two holes drilled in 2017, namely hole OBS-17-002 which intersected 10.25 g/t Au, 42.15 g/t Ag and 7.80% Cu over 3.10 m and hole OBS-17-010 which intersected 0.18 g/t Au, 14.40 g/t Ag and 1.17% Cu over 0.33 m.

The results presented in Table 1 and Figures 2 and 3 suggest the presence of a new north-south trending zone (020 degrees) that dips to the east between -50° and -60°, which will require further work to better define.

David Grondin, President and CEO of TomaGold, said: “The results at Obalski continue to demonstrate the strong exploration potential of this former gold and copper producer located in one of Quebec’s main mining camps and only 2 km from Chibougamau. Our objective in 2025 will be to carry out further work to better define its potential.”

“These latest drilling results add to the gold and copper potential of Obalski,” commented Jean Lafleur, VP Exploration of TomaGold. “According to the technical committee’s recent review of the Obalski project, there are possibly several of these north-south structures. The main recommendation is to carry out targeted geophysical surveys along its 020-degree structures, followed by additional drilling.”

Sample preparation and analysis

TomaGold has implemented and is adhering to a strict Quality Assurance/Quality Control program for the current drilling program. The core is sawed in half, with one half kept as a witness sample in Chibougamau and the other half shipped directly by bus to ALS Chemex in Val-d’Or, Quebec. ALS grinds the half core to 1/8″, split it into two halves and keeps one half as a witness (reject) in Val-d’Or. ALS pulverizes the other half to minus 150 mesh, takes a 50 g sample for analysis and keeps the rest, identified as “pulp”.

The technical content of this press release has been reviewed and approved by Jean Lafleur, P.Geo., the Company’s Vice President of Exploration and a qualified person under National Instrument 43-101.

About the Obalski property

The Obalski gold-copper-silver property is comprised of 75 claims covering 27 km², one 85-metre shaft and two ramps. Obalski hosts nine separate Cu-Au-Ag mineralized zones – the A/A-Po, B, C, D, G, South, Beaulieu, Peninsula and Wilson Zones in the DLIC (refer to Figure 2). Historical mining yielded 110,300 tonnes at 2.08 g/t Au, 6.04 g/t Ag and 1.14% Cu from the combined A/A-Po Zone.¹

More than 540 holes were drilled on the property for 78,000 metres. The historical drilling was done from surface to 150 m along the 800 m SE-NW 110° mineralized corridor anomalies of the A and B Zones, also defined by InfiniTEM anomalies.

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake. TomaGold also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc.

Cautionary Statement on Forward-Looking Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include ability to complete the private placement, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors should change.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contacts
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com

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• Ongoing Chibougamau Camp data compilation, synthesis and interpretation of the Company’s 14 projects.
• Immediate focus on TomaGold’s wholly-owned Obalski gold-copper-silver project, SOQUEM’s Radar gold-copper option project and Chibougamau Independent Mines’ Berrigan polymetallic option project.
• Presence of several major gold, silver, copper and zinc mineralization trends in various combinations.
• Multi-phase exploration program to ultimately outline mineralized vein corridors with stockworks that have the potential to deliver multi-million-ounce gold mineral resources.
• Exploration strategy driven by revamped technical team and external consultants led by Jean Lafleur, P.Geo., with extensive exploration and development background.

Montreal, Québec, February 12, 2025 ‒ TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Company”) is pleased to announce the initial results of the ongoing compilation, synthesis and interpretation of the Company’s 14 projects in the Chibougamau Camp (the “Camp”). Key mineralized areas from each project have been reviewed and prioritized by the Company’s technical committee and external consultants from all known and potential new gold, silver, copper and zinc targets based on the historical database of each project, which includes over 70 years of historical exploration and mining in the Camp.   

Chibougamau Projects

TomaGold’s Chibougamau portfolio consists of 14 mining projects (refer to Figure 1), including:

• Obalski gold-copper-silver project (100%-owned), located along the western segment of the Doré Lake Intrusive Complex (“DLIC”) which hosts the 19 deposits historically mined in the Camp.
• Group of claim blocks north of the DLIC (multi-year option to acquire a 100% interest from SOQUEM): Radar (Au-Ag-Cu-Zn), Williams (Au-Cu-Zn), David (Au-Cu-Zn), Brosman (Au-Ag-Cu-Mo), Dufault (Au-Cu-Zn), McKenzie (Au-Ag-Cu-Zn) and Bruneau (Au-Cu) projects.
• Group of claim blocks northwest and contiguous to the SOQUEM claims (multi-year option to acquire a 100% interest from Chibougamau Independent Mines (West Block) (“CIM”)): Berrigan South (Au-Zn), Berrigan Mine (Au-Ag-Zn), Antoinette Lake (Zn-Au-Ag), Élaine Lake (Zn-Au-Ag) and Gwillim (Au-Cu) projects.
• Group of claims contiguous to the CIM claim blocks (multi-year option to acquire a 100% interest from Globex Mining Enterprises (“Globex”)): Gwillim (Au-Ag).

David Grondin, President and CEO of TomaGold, commented: “With the arrival of Jean as VP Exploration of TomaGold, a whole new dynamic has emerged within our company. Jean, together with our technical team and external consultants, has put in place a plan and strategy to explore and develop our Chibougamau projects. These projects have been explored in the past, but with less advanced technology and at shallower depths, and are providing us with very useful data. We believe that given the Camp’s strong historical production base of copper and gold, our projects hold promising discovery potential that we intend to unlock for our shareholders.”

“TomaGold has prime real estate in the Chibougamau Camp, which hosts gold, copper, silver and zinc mineralization in multi-directional veins and massive sulphide systems,” added Jean Lafleur, VP Exploration at TomaGold. “The Camp is dominated by NW-SE veins within the Doré Lake Intrusive Complex where a total of 19 deposits were mined from 1958 to 2008, yielding over 50 Mt at 2.21 g/t Au for 3.06 million ounces of gold and at 1.83% Cu for 2.1 billion pounds of copper. Currently, approximately 40 Mt of historical mineral resources at 1.16 g/t Au and 1.13% Cu with Ag-Zn credits remain¹. In addition, mineralization occurs within the northern Abitibi Greenstone Belt segment of the Camp, providing strong potential for additional resources.”

In 2025, TomaGold will focus on advancing exploration on its Chibougamau projects, with an immediate focus on Obalski, Berrigan and Radar, which are summarized below with work planned for 2025:

Obalski Gold-Copper-Silver Project (100% TomaGold)

The Obalski gold-copper-silver project (“Obalski”) is comprised of 75 claims covering 27 km², one 85-metre shaft and two ramps. Obalski hosts nine separate Cu-Au-Ag mineralized zones – the A/A-Po, B, C, D, G, South, Beaulieu, Peninsula and Wilson Zones in the DLIC (refer to Figure 2). Historical mining yielded 110,300 tonnes at 2.08 g/t Au, 6.04 g/t Ag and 1.14% Cu from the combined A/A-Po Zone.

More than 540 holes were drilled on the project for 78,000 metres. The historical drilling was done from surface to 150 m along the 800 m SE-NW 110° mineralized corridor anomalies of the A and B Zones, also defined by InfiniTEM anomalies.

A perpendicular 020°-030° fault cuts the combined zones and adds an additional untested 500 m length that could host significant remobilized mineralization. Additional NE-SW 070° MegaTEM anomalies appear to define the D Zone mineralization off the A/A-Po Zone at the western end of the A and B Zones.

Selected results from TomaGold’s 2020-2022 drill programs:

• OBS-21-010A: 0.33 g/t Au over 54.80 m, incl. 1.44 g/t Au over 3.50 m
• OBS-21-015: 23.78 g/t Au, 16.55 g/t Ag and 1% Cu over 3.20 m, incl. 167.5 g/t Au, 11 g/t Ag and 6% Cu over 0.45 m
• OBS-21-015A: 5.06 g/t Au and 3.27 g/t Ag over 10.50 m, incl. 71 g/t Au and 31.4 g/t Ag over 0.65 m
• OBS-22-019: 1.83 g/t Au and 0.73 g/t Ag over 52.30 m, incl. 125 g/t Au, 45.80 g/t Ag and 3.30% over 0.50 m
• OBS-20-002: 47.4 g/t Au, 87.6 g/t Ag and 7.06 % Cu over 1.1 m, and 67.1 g/t Au, 40.1 g/t Ag and 2.32% Cu over 0.5 m

Planned Exploration Program on the Obalski Project

• Compilation:

• Compiling and tying all historical drill intersections to the vein system whether NW-SE (A vein type – A, A-Po, C, G, South, Beaulieu, Peninsula, Wilson Veins/Zones), E-W (D vein type – D, B Veins/Zones) or NE-SW (DDH-OBS-88-15): 3D modeling of individual veins combined with all underground workings, including geology, surface IP anomalies and the first-vertical magnetic gradient.

• Geological mapping:

• Trenching, channel sampling and assaying on the D, A/A-Po, B, C Zones and near drill hole OBS-88-15 to define the potential of the 020-030° trend.

• Geophysical survey:

• Add an IP survey along the D Vein from SW to the NE, including the Wilson and South Zones. The plan would be to drill up 20 holes on multiple targets based on the results of the compilation work and the IP survey:

• 50-60 m below surface on the D Vein
• Infill and depth continuity of the A/A-Po, B and C Veins
• 30 m north of drill hole OBS-88-15 to define the potential of the 020-030° trend and on drill hole CB-3
• Test the Wilson, South and D Vein extensions

SOQUEM Projects (Option to acquire 100% interest)

In 2025, TomaGold will focus its exploration activities on the Radar, David and Dufault within its SOQUEM project portfolio.

Radar Project (Au-Ag-Cu-Zn)

The Radar project consists of 14 claims totaling 7.75 km² located 3 km north of Chibougamau. The project contains the northern extension of the fracture system hosting the copper-gold structure of the Brosman deposit and the extension of a major E-W fault hosting the former Norbeau mine. An exploration ramp is present near the Belle-3 showing (BEL-7 hole: 15.9 g/t Au, 8.48 g/t Ag, 1.25% Cu over 2.25 m). The abundance of polymetallic showings (Au-Ag-Cu) and the numerous shear and fracture zones create excellent discovery potential for polymetallic vein deposits, orogenic gold and Cu-Ni-PGE ± Co. The property also has potential for VMS-type deposits in the felsic rocks of the second regional volcanic cycle.

David Project (Au-Cu-Zn)

The David project consists of 49 claims totaling 20.09 km² located less than 2 km from Chibougamau. The project is characterized by several gold and zinc occurrences, most notably the Lac David and Lac Pierrot showings:

• Pierrot-East Lake (hole 1165-09-19): 2.0 g/t Au over 21 m
• David Zn-Au (channel): 6.2 % Zn over 1 m and 4,0 g/t Au over 1 m
• David Au (channel): 4.73 g/t Au over 1 m

The position of the project within a deformation corridor and over a transition zone between two volcanic cycles makes it a high-quality prospect for VMS-type mineralization.

Dufault Project (Au-Cu-Zn)

The Dufault project consists of 14 claims totaling 5.22 km² located 5 km north of Chibougamau and has excellent potential for gold-copper porphyry mineralization. The MOP-II Deposit on the adjacent Roger property owned by SOQUEM and XXIX is hosted along the same horizon.

Gold-bearing intervals in drill holes 1311-02-03 (0.12 g/t Au over 124 m) and 1311-09-08 (0.24 g/t Au over 193.4 m) suggest the presence of a potential large, mineralized zone whose boundaries have yet to be defined.

Planned Exploration Programs on the Radar, David and Dufault Projects

• Compilation:

• Complete compilation of drill hole database, including collar coordinates, directions, dips, lithologies, analyses, mineralization type, structure, alteration and veining:

• All with corrected UTM coordinates
• Complete the 2D geological map

• Radar project:

• Add Campbell Resources compilation from 1983-1984 to the SOQUEM (2004) database, at the same scale
• Add SOQUEM’s IP anomalies, shaded Lidar and magnetic data
• Create a 3D model for the Belle-3 ramp, Lac Devilliers and the 1207-04 drilling areas

• David project:

• Create a 3D model of drill holes with iso-contouring of the gold values:

• Add surface IP anomalies

• Best drill targets:

• Projected contacts of intermediate to mafic lithologies with undrilled IP anomalies

• Field work:

• Dufault project:

• Channel sampling of the Gap and Bourbeau Outlet Zones

• Geophysical surveys:

• Radar project:

• E-W airborne magnetic survey with maximum 50 m line spacing
• Possible 3D ambient noise tomography survey
• New IP coverage in potential areas not previously covered by F1 and Bel-40 drill areas

• David project:

• Downhole IP survey in the new and old holes selected following the 3D modeling, assuming casing left in place

• Dufault project:

• NW-SE oriented IP survey covering the 055° vein corridor passing through drill holes LD-87
• NE-SW oriented IP survey covering the fractured peridotite-pyroxenite segment of the Bourbeau Sill Outlet Zone
• Overlay IP survey results on the 1989 Westminer geology map

• Drilling:

• Radar project:

• Along the contact of the base of the Bourbeau Sill and the Blondeau Formation:

• Silver showing, hole A-1 and hole Bel-41
• McKenzie area west of Line Lake
• Untested anomalies coinciding with NW-SE, N-S, NE-SW vein structures crossing the Bourbeau Sill in the mineralized quartz ferro-gabbro

• David project:

• Below the intersection of 1.74 g/t Au over 24.0 m (Drill hole 1165-09-19)
• Beginning of drill hole 1165-09-21 below the 0.69 g/t Au over 12 m intersection
• Untested and target IP anomalies generated from the 3D modeling

• Dufault project:

• Drill IP anomalies coinciding with the 055-065° and E-W structures

CIM Option Projects (Option to acquire 100% interest)

The priority target within the CIM claims is the Berrigan claim block under the Berrigan Mine project. The project consists of 16 claims totaling 4.83 km² located 4 km N-NW of Chibougamau.

The property has been the subject of more than one historical estimate. Met-Chem Canada Inc. prepared the most recent of these in April 2001 in a report titled, Pre-feasibility study: Etude Conceptuelle, Projects Berrigan and Tortigny by Chuinard et al. In the report, a resource estimate completed using polygonal estimation techniques stated 1,388,915 tonnes of material grading 3.17% Zn and 1.77 g/t Au on the main Berrigan Mine Zone. No resource classifications were given for the resource (Source: GM61359, Met-Chem, 2000). The mineral resource estimate above is historical and was not completed to NI 43-101 standards. The QP has not completed sufficient work to classify it as current. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimate on the project can be classified as a current resource. The Company is not treating this as a current mineral resource.

Historical drilling includes 306 diamond drill holes for 41,288 m completed by seven different companies between 1950 and 2022. Significant results from the 306 holes are listed in the table below.

Table 1 – Select intersections from historic drilling on the Berrigan Property**

Planned Exploration Programs on the Berrigan Projects

• Compilation:

• 2D and 3D modeling with drill hole database at scale and using elevation model

• • Incorporate reprocessed historic magnetic, EM surveys
  • Recompile database:
    • Important to add the elevation of drill hole collar in the survey tab of the database
    • Create a specific table for quartz veins to establish lateral and vertical continuity when 3D modeling:
      • • Separate gold and silver values, then another table with Zn, Pb, Co, As values
  • Create a separate 3D Leap Frog model for the Berrigan North (Main) Zone and the Berrigan South Zone

• Geophysics:

• • Line cutting N-S and E-W covering massive sulphide stratigraphy
  • EM and IP survey – defining sulphide corridors as outlined by historical drilling
  • LIDAR survey – outline structural lineaments

• Detailed surface mapping:

• • Includes the historic outcrop stripping:

• • • Outline structures, alteration envelopes and geometry of mineralized zones (Berrigan Zone)

• Bulk sampling – 1 tonne sample from underground workings of deposit
• Examine possibility of open pit versus underground mining scenarios, leading to a feasibility study
• Drilling:

• • Extend mineralization at depth between 250 m and 500 m depth following up of F lens (3.7% Zinc and 2.6 g/t Gold over 21 m)
  • Complete in-hole EM survey to determine if any off-hole EM anomalies exist
  • Exploration drilling on geophysical targets (IP and EM)

TomaGold’s technical team is already working on the compilation portion of its exploration program and intends to begin field work in the spring and continue until late fall of 2025.

The technical content of this press release has been reviewed and approved by Jean Lafleur, P.Geo., the Company’s Vice President of Exploration and a qualified person under National Instrument 43-101. In conducting the review of the properties mentioned in this news release, the Qualified Person consulted and utilized various sources of information and data, including government publications, and historical reports and data provided to him by SOQUEM and Chibougamau Independent Mines Inc. The Company has not verified all the technical data taken from these reports and sources but views the information as relevant and reliable.

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake. TomaGold also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc.

Contact:

David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com

Cautionary Statement on Forward-Looking Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include ability to complete the private placement, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors should change.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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MONTREAL–TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce the appointment of Jean Lafleur, P. Geo., as Vice President, Exploration. Mr. Lafleur replaces André Jean, who recently retired.

“We are very pleased to welcome Jean to the TomaGold team,” said David Grondin, President and CEO of TomaGold. “Jean has an outstanding track record in both the management and development of mining projects around the world, as well as large strategic financings. He also has an excellent knowledge of the Chibougamau Mining Camp, where most of our mining projects are located, which will contribute to the future success of our projects.”

“I would also like to thank André for the many years he has given to TomaGold and the discoveries he has made with us, including the discovery of the high-grade Monster Lake gold deposit, now owned by IAMGOLD. Over the next few weeks, André will ensure the transition to TomaGold’s new technical management team,” added Mr. Grondin.

Jean is a professional geologist with 45 years of experience in geology and mineral exploration nationally in Canada and internationally in the USA, Mexico, Latin America, Ireland, Spain and Africa. He has been a C-suite executive for small cap junior exploration companies over the years leading towards successful exploration programs in Quebec and Ontario, in Mexico and Africa. Jean remains active as a technical, management and financing consultant with junior explorers since the early 2000s through his private geo-consultancy firm. His expertise also includes corporate and project valuations, audits, and reporting; exploration program planning, execution and reporting; and research and investment presentations across Canada, the US and Europe. He holds B.Sc. and M.Sc. degrees in Geology from the University of Ottawa and was active as an exploration geologist early in his career with trend setters Newmont, Falconbridge, Dome Mines and Placer Dome. Jean successfully led exploration teams in the search for precious and base metals, nickel and PGE’s, uranium, and iron; and he brings a proven track record in leadership skills, strategic planning and mineral exploration leading to discovery. Jean is currently a mineral exploration consultant/contractor at Appian Advisory LLP, Explo-Logik Inc., and Dolomite International.

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects.

Cautionary Statement on Forward-Looking Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include ability to complete the private placement, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors should change.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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MONTREAL–TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that it has closed the second tranche (the “Second Tranche”) of its previously announced non-brokered private placement (the “Private Placement”). Pursuant to the closing of the Second Tranche, the Corporation issued 7,600,000 common shares of the Corporation (“Common Shares”) at a price of $0.02 per Common Share for gross proceeds of $152,000 and issued 3,200,000 common shares on a “flow-through” basis (“FT Shares”) at a price of $0.025 per FT Share for gross proceeds of $80,000.

As a result of the closing of the Second Tranche of the Private Placement, there are 239,751,753 common shares of the Corporation issued and outstanding.

All securities issued in connection with the Second Tranche of the Private Placement will be subject to a statutory hold period of 4 months and a day from their issuance, expiring on May 1, 2025 and when applicable, to the hold period of the TSX Venture Exchange. In total, TomaGold has issued 7,600,000 Common Shares and 13,800,000 FT Shares in the first and second tranches of the Private Placement.

Two officers, one of which is also a director of TomaGold (the “Insiders”) purchased, directly and indirectly, 6,600,000 Common Shares and 1,600,000 FT Shares for a total consideration of $172,000. The issuance of Common Shares and FT Shares to Insiders constitutes a related party transaction, but is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as TomaGold’s securities are not listed on any stock exchange identified in Section 5.5(b) of MI 61-101 and the fair market value of the Common Shares and FT Shares issued to the Insiders does not exceed 25% of the Corporation’s market capitalization. TomaGold did not file a material change report with respect to the participation of the Insiders at least 21 days prior to the closing of the Private Placement, as the insider participation was not determined at that time.

Additional closings of the Private Placement may be held until January 20, 2025, subject to a maximum of 25,000,000 Common Shares at a price of $0.02 per Common Share and a maximum of 20,000,000 FT Shares at a price of $0.025 per FT Share, for total maximum gross proceeds of $1,000,000.

Closing of the Private Placement remains subject to final approval of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About TomaGold
TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects.

Cautionary Statement on Forward-Looking Information
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include ability to complete the private placement, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors should change.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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Montreal, Québec, April 12, 2024 ‒ TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF) (“TomaGold” or the “Corporation”) announces the following corporate update.

East Block acquisition term extended

The Corporation has extended the “Option to Purchase” with Chibougamau Independent Mines Inc. (TSXV: CBG) (“Chibougamau”) until April 30, 2024, to finalize the financing to acquire Chibougamau’s East Block copper-gold properties. In addition, the purchase price for the East Block has been adjusted upward by $500,000 since the original agreement with Chibougamau. The initial transaction was announced in the press releases dated August 14, 2023, September 13, 2023 and September 18, 2023.

Clarification of share pricing for the acquisition of the Chibougamau Mining Camp properties

The breakdown of the amount in dollars to be satisfied by share issuance for the acquisition of the properties from SOQUEM Inc. (“SOQUEM”), Chibougamau and Globex Mining Enterprises Inc. (“Globex”), as disclosed in the August 14, 2023 press release, will be determined using the 10-day VWAP for SOQUEM and 20-day VWAP for Chibougamau and Globex, all subject to a minimum price of $0.05 per share.

Prior investor relations consulting agreements

The Corporation announces prior investor relations consulting agreements with Mezzo Consulting Services S.A. (“Mezzo”) and MI3 Communications Financières Inc. (“MI3”), which have been terminated.

On November 24, 2022, TomaGold retained Mezzo to act as a marketing consultant for a six-month term. Mezzo is a Germany-based investor and capital markets and investment advisory with a focus on mining stocks. Services provided by Mezzo consisted mainly in advising the Corporation on capital markets environment; introducing the Corporation to its network of media representatives; advising the Corporation in regard to disseminating content throughout the European investor community and engaging newsletter writers; and providing advice on developing a strategic marketing plan specifically tailored for the investment community in Europe. The agreement with Mezzo included a one-time retainer fee of $60,000 and 500,000 stock options at an exercise price of $0.05 per share exercisable for a period of 5 years. The agreement was terminated on April 30, 2023 and the options were cancelled. Mezzo and the Corporation were unrelated entities and at the time of the agreement, Mezzo had an interest in the securities of the Corporation by holding 2,400,000 common shares.

On December 5, 2022, the Corporation signed a one-year agreement with MI3 to act as financial public relations advisor. MI3 is a Montreal-based financial communications company that provide public relations, market-making activities and investor relations to Canadian public companies. Services provided by MI3 included mainly the organization of roadshows and the distribution of press releases to its network to help increase visibility and interest within the financial community. The agreement with MI3 included a monthly retainer of $3,000 and 400,000 stock options at an exercise price of $0.05 per share exercisable for a period of 5 years. The agreement was terminated on December 5, 2023 and the options were cancelled. MI3 and the Corporation were unrelated entities and at the time of the agreement, MI3 had an interest in the securities of the Corporation by holding 122,000 common shares.

These agreements were subject to the TSX Venture Exchange approval.

Board member resignation

The Corporation also announces that Albert Contardi has resigned from the board of directors of TomaGold, effective March 13, 2024. The Corporation wishes Mr. Contardi all the best in his future endeavours.

About TomaGold

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In addition to the recent agreements to acquire 20 properties in the camp, the Corporation holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake.

TomaGold also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc.

Contact:

David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com

Neither the 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 news release.