Shareholders approve the IAMGOLD transaction

Montreal, Quebec, November 6, 2020 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to report the results of its annual general and special meeting of shareholders, held virtually via teleconference today at 10 a.m. (Eastern Standard Time). A total of 98 shareholders, holding 70,734,969 shares or 50.43% of the issued and outstanding shares of TomaGold, were represented at the meeting.

The shareholders approved the sale of the Corporation´s 25% undivided interest in the Monster Lake project and related mineral rights to IAMGOLD Corporation (see press release dated September 17, 2020, for a summary of the transaction), with 97.65% voting for the transaction. The transaction is expected to close on November 10, 2020.

The shareholders also unanimously approved the new slate of directors, set out in the list below:

At the meeting, the shareholders also approved resolutions regarding:

 
• the appointment of Raymond Chabot Grant Thornton LLP as the Corporation´s external auditors for the current year; and

 

• the new 10% rolling stock option plan for 2020.

“This is a new beginning for TomaGold, which now has a renewed Board of Directors and technical team, a solid financial position, with over $10 million in cash and short-term investments, and properties with strong exploration potential in major mining camps,” said David Grondin, President and Chief Executive Officer of TomaGold. “Our geologists are in the process of preparing the exploration strategy for our projects, which we will announce shortly. We are looking forward to starting work and implementing our strategy for creating long-term value for our shareholders.”

The Corporation has also granted 3,750,000 stock options under its stock option plan to directors, officers and consultants of the Corporation, entitling them to acquire the same number of common shares of the Corporation at a price of $0.10 per share for a period of five years.

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining Ltd and New Gold Inc., through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.

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. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation´s control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

New team expertise and network to help TomaGold develop into a growing Canadian mining company

Montreal, Quebec, October 6, 2020 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that its current Board of Directors has proposed a slate of directors for the upcoming Annual General and Special Meeting (the “Meeting”) of shareholders scheduled for November 6, 2020. TomaGold´s proposed slate of directors to be voted on at the Meeting will consist of the following: David Grondin, Michel E. Labrousse, Jean-Sébastien Jacquetin, Caitlin Jeffs, Albert Contardi and Wanda Cutler. Robert Desjardins, Pierre Lépine, Robert Rosner and Vittorio Violo will not present their candidatures for re-election at the Meeting. The Corporation wishes to thank them for their valuable contributions over the years.

The Corporation has also created an advisory committee composed of Victor Cantore, Claude Larouche, George C. Patterson and Robert McPhinney, and has appointed André Jean as its Director of Exploration, Quebec, and Caitlin Jeffs as its Director of Exploration, Ontario and rest of Canada.

“With the Monster Lake transaction, our stronger financial position and our promising gold projects in the Chibougamau and Red Lake mining camps, it was time to better align our corporate structure with our new stated objective of becoming a premier Canadian gold mining company,” said David Grondin, President and Chief Executive Officer of TomaGold. “These new appointments will strengthen and add depth to our geological, financial and communication expertise and will considerably enhance our network within the mining and financial communities. The addition to our team of geologist André Jean, to whom we can attribute the initial high-grade discoveries on Monster Lake, and geologist Caitlin Jeffs, with her strong knowledge of the Red Lake mining camp, will help us structure our exploration activities so that we can replicate what we achieved at Monster Lake. I believe that this new corporate structure has the potential to create strong added value for our shareholders in the long run.”

Appointments to the Board of Directors will be voted on by TomaGold shareholders at the Meeting scheduled to take place on November 6, 2020:

David Grondin

President and Chief Executive Officer, TomaGold

David Grondin has worked in the financial and mining sectors for over 20 years. He has been President and CEO of the Company since December 2011 and is a director of AM Resources. He was President and CEO of NQ Exploration Inc. from October 2007 to May 2018. He also acted as a financial analyst for CTI Capital Inc. from 1997 to 2000. Mr. Grondin has a bachelor degree in business administration (finance) from HEC Montréal and experience in initial public offerings, mergers and acquisitions and reverse takeovers.

Michel E. Labrousse

Senior Advisor, StormHarbour Securities Hong Kong

For the past twenty years, Michel Labrousse has developed various businesses in investment banking and financial markets in Europe and Asia. Currently a Senior Advisor for StormHarbour Securities Hong Kong, a small debt capital markets securities firm focusing on China-related businesses and having some areas of expertise in infrastructure, natural resources and real estate. Until July 2009, he was in charge of the financial markets businesses and subsidiaries in Asia of Natixis, the French banking group where he focused his efforts to build the public markets franchise with an emphasis on the equity, commodities and fixed income derivatives businesses. He was also involved in developing a Strategic Solutions business for both corporate and institutional to cover their funding and risk hedging needs. Previously he ran the same business in Japan for ten years. His teams have developed various financing solutions to liabilities management optimization. While based in London he also developed a global macro internal hedge fund when he served as Deputy Head of the markets and investment banking activities covering all asset classes.

Jean-Sébastien Jacquetin

Managing Partner, Cavendish Investment Corp.

Jean-Sébastien Jacquetin has over 20 years of corporate finance and merchant banking experience for small and medium-sized enterprises. He is currently Managing Partner at Cavendish Investment Corp., a multi-family office in Hong Kong. Mr. Jacquetin began his career as a Project Officer for UNESCO in Paris and then worked as an Investment Manager for Natixis Banque both in Paris and New York, where he coordinated fund sponsors and capital markets contacts. After Natixis Banque, Mr. Jacquetin was with both Meredith Financial Group and Du Pasquier in New York, where he was involved in corporate finance, advisory, and institutional brokerage. Since 2016, Mr. Jacquetin has spent his time in Asia, where he worked for Citic Hyperion, helping his corporate clients with investor diversification, corporate finance advisory, and strategic partnerships. Mr. Jacquetin has a B.Sc. and an M.Sc. in political science from the University of Montreal and an MBA from Institut d´études politiques – Sciences Po Paris.

Caitlin Jeffs

Founding Partner and Owner, Fladgate Exploration Consulting

Caitlin Jeffs received her Honours B.Sc. in Geology from the University of British Columbia in 2002. Caitlin has worked for several junior and major companies since 2002 in both gold and base metal exploration. Most of her experience has been with Placer Dome CLA Inc. and Goldcorp Inc. managing all aspects of deep exploration projects and specializing in GIS technology and 3D modeling of ore bodies. She is a founding partner and 33% owner of Fladgate Exploration Consulting Corporation of Thunder Bay, ON, a full service mineral exploration consulting firm.

Albert Contardi

President and CEO, QcX Gold

Albert Contardi is a consultant/adviser with over 15 years of legal, investment and capital markets experience. He is currently President of Generic Capital Corporation, a Toronto based EMD finance firm as well as Interim President and CEO of QcX Gold, a Quebec based junior exploration company. Mr. Contardi’s experience involves advising and structuring corporate finance transactions in the mining, tech and biotech sectors to maximize the value of projects/assets. He has been called to the Ontario Bar and is a graduate of Queen’s University Law School. In addition, Mr. Contardi sits on various public company Boards.

Wanda Cutler

Managing Partner, Cutler McCarthy

Wanda Cutler has worked with reporting issuers for more than 20 years in capital markets, corporate development, marketing, and investor communications. She has acted as a strategic advisor to a number of public companies including: multiple junior mining companies, investment companies and alternative energy companies. During her career she has been involved in a numerous equity/debt financings, mergers and acquisitions, strategic alliances and has incubated new companies. In addition, she sits on the boards of various public companies. Wanda holds a Bachelor of Social Science (Political Science) from the University of Ottawa and is President of Cutler McCarthy, a capital markets advisory firm.

The management information circular and other proxy materials for the Meeting will be mailed to shareholders and will be available on SEDAR at www.sedar.com. 

Advisory Board

Victor Cantore

President and CEO, Amex Exploration

Victor Cantore is a seasoned capital markets professional specializing in the resource and hi-tech sectors. He has more than 20 years of advisory and leadership experience having begun his career in 1992 as an investment advisor and then moving into management roles at both public and private companies. During his career he has organized and structured numerous equity and debt financings, mergers and acquisitions, joint venture partnerships and strategic alliances. Mr. Cantore serves on the boards of various companies both private and public.

Claude Larouche

Claude Larouche is a geologist with more than 45 years of experience in mining exploration and development. He graduated from UQAC (Université du Québec à Chicoutimi) in 1974 with a degree in geological engineering and completed a M.Sc. in geology at Carleton University (Ottawa) in 1979. Mr. Larouche worked as an independent consultant since 1980, realizing explorations programs for prospectors, junior and senior mining companies, and government agencies in Quebec and Ontario. He also completed regional exploration programs on Baffin Island and limited programs in the U.S. Mr. Larouche specializes in precious metals, base metals and industrial minerals, and he is directly involved in numerous research projects including ”selective leaching”.

George C. Patterson

George Patterson´s career as a professional geologist spanned over 40 years. He began his career in the private sector and, shortly thereafter, moved to the public sector as resident geologist for Thunder Bay. This was followed by employment with the Government of the Northwest Territories and the Government of Saskatchewan where he helped develop and implement government, academic and industry programs designed to coordinate, support and promote the mineral industry and local economic development. He has also worked on a number of initiatives dedicated to building strong relationships with Aboriginal people and their communities.

Robert L. Phinney

Robin L. Phinney earned a chemical engineering degree at Lakehead University. Early in his career he acquired valuable experience in plant engineering, process development, product development and sales and marketing, namely from Potash Corporation of Saskatchewan and Kaolin Industries. In 2002, he co-founded Whitemud Resources, and then served as its vice president of engineering from 2005 to 2007. In 2007, he founded Karnalyte Resources, where he was President and CEO and a director until 2014 and then as its President and Chairman and a director until 2017.

Geological team

André Jean, P.Geo.

Director of exploration, Quebec

André Jean was the chief geologist for the Monster Lake project since the very beginning until his departure in 2018. He has over 35 years of experience in geology, having worked for multiple mining companies in Quebec, Central and South America and Africa, including Les Mines Seleine, Louvem, Lac Minerals and Osisko. Mr. Jean graduated from Université du Québec à Chicoutimi in 1979 with a degree in a geological engineering.

Caitlin Jeffs, P.Geo.

Director of exploration, Ontario and rest of Canada

Caitlin Jeffs received her Honours B.Sc. in Geology from the University of British Columbia in 2002. Caitlin has worked for several junior and major companies since 2002 in both gold and base metal exploration. Most of her experience has been with Placer Dome CLA Inc. and Goldcorp Inc. managing all aspects of deep exploration projects and specializing in GIS technology and 3D modeling of ore bodies. She is a founding partner and 33% owner of Fladgate Exploration Consulting Corporation of Thunder Bay, ON, a full service mineral exploration consulting firm.

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project and with Evolution Mining Ltd and New Gold Inc. for the Baird property. TomaGold has interests in eight gold properties near the Chibougamau mining camp in northern Quebec: Monster Lake, Winchester, Lac à l’eau jaune, Monster Lake East, Monster Lake West, Hazeur, Obalski and Lac Doda. It also holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.

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. Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include statements in respect to the Meeting and director nominees. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation´s control. Readers are cautioned that any such statements are not guarantees of future performance, and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Transaction valued at $8.5 million in cash and shares 

Montreal, Quebec, September 17, 2020 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce the signing of an asset purchase agreement (the “Agreement”) for the sale of its 25% interest in the Monster Lake Project (the “Minority Interest”) to IAMGOLD Corporation (“IAMGOLD”). The Monster Lake Project comprises the Monster Lake, Winchester and Lac à l´eau jaune properties located in the Chibougamau mining camp in Quebec. IAMGOLD will pay TomaGold $8.5 million as consideration for the Minority Interest, consisting of $500,000 in cash and $8.0 million in IAMGOLD common shares based on a 10-day volume weighted average price (VWAP) on the TSX preceding the date of signing. IAMGOLD currently holds a 75% interest in the Monster Lake Project.

“This is a great transaction for TomaGold, as it will allow us to refocus our efforts on exploration with a combined cash and share position of over $10 million,” said David Grondin, President and Chief Executive Officer of TomaGold. “We are proud of what we have accomplished with Monster Lake, taking a promising exploration gold project and developing it into a high-grade gold deposit with the help of our joint-venture partner, IAMGOLD.”

“We believe that our current portfolio of properties has strong exploration potential, with Obalski and Baird showing high-grade historical results generated with very limited work. Our properties are also located in known mining camps in proximity to major discoveries: Monster Lake East, Monster Lake West and Hazeur are adjacent to the Monster Lake Deposit; Obalski, an old high-grade gold-copper mine, is located in the Chibougamau mining camp; and Baird is located in the Red Lake mining camp, adjacent to Pure Gold´s Madsen Mine. Our goal will be to replicate the success we achieved at Monster Lake by enhancing our management team and adding strong technical expertise to lead the work on our promising exploration projects,” added Mr. Grondin.

Completion of the sale of the Minority Interest is subject to approval by TomaGold shareholders at a special meeting to be held in November 2020 (the “Meeting”). The Agreement will also require minority approval in accordance with Multilateral Instrument 61-101, for which the votes attached to the TomaGold shares owned by IAMGOLD and certain individuals will be excluded. The TomaGold shares owned by IAMGOLD are excluded due to the fact that it owns in excess of 10% of the issued and outstanding shares of TomaGold.

The sale of the Minority Interest is also subject to other customary closing conditions, including the approval of the TSX Venture Exchange (for TomaGold) and the Toronto and New York stock exchanges (for IAMGOLD).

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project and with Evolution Mining Ltd and New Gold Inc. for the Baird property. TomaGold has interests in eight gold properties near the Chibougamau mining camp in northern Quebec: Monster Lake, Winchester, Lac à l’eau jaune, Monster Lake East, Monster Lake West, Hazeur, Obalski and Lac Doda. It also holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.

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. The statements in this news release that are not historical facts are “forward-looking statements”. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those described in such “forward-looking” statements.

Montreal, Quebec, September 9, 2020 -TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to report that it has completed its earn-in to acquire a 100% interest in the Obalski property by making a final payment of $100,000 to David Malouf and 2736-1179 Quebec Inc. On May 31, 2016, TomaGold entered into an agreement to acquire the property in exchange for the issuance of 4 million shares of the Corporation and cash payments totalling $500,000 over four years.

“We are now the proud sole owners of the Obalski property, which holds tremendous high-grade gold and copper potential as it has basically only been explored near surface to date,” said David Grondin, President and Chief Executive Officer of TomaGold. “With the help of more effective tools and greater knowledge available today, we believe that we’ll be able to unlock the property’s gold-copper potential. In the coming weeks, we will share our exploration plan for 2020-21. The Obalski property will be a main exploration project for us this fall.”

In other news, TomaGold announces the resignation of Jean Martineau as a member of its board of directors. The Corporation wishes to thank Mr. Martineau for his valuable contribution over the last few years.

About TomaGold Corporation
TomaGold Corporation is a Canadian mineral exploration Corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project and with Evolution Mining Ltd and New Gold Inc. for the Baird property. TomaGold has interests in seven gold properties near the Chibougamau mining camp in northern Quebec: Monster Lake, Winchester, Lac à l’eau jaune, Monster Lake East, Monster Lake West, Obalski and Lac Doda. It also holds a 24.5% interest in the Baird property near the Red Lake mining camp in Ontario, and has a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

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

MONTREAL, Aug. 13, 2020 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) announces that it has decided to end its proposed spin-out. Trading of the Company’s shares was halted on January 25, 2019 in accordance with the policies of the TSX Venture Exchange (“TSXV”) pending completion of the proposed spin-out. Given the termination of the proposed spin-out, the Corporation will file an application with the TSXV to request that trading of its common shares be resumed on the TSXV. The Corporation will confirm in a press release the date on which trading of its common shares will resume on the TSXV.

“The Board of Directors has decided that the time has come for TomaGold to resume trading in its securities by terminating the spin-out,” said David Grondin, President and Chief Executive Officer of TomaGold. “During this period of inactivity, TomaGold’s gold assets have increased in value, particularly with the rise in the price of gold and the renewed activity in the Chibougamau mining camp. We are now in a much better position with an interest in the high-grade Monster Lake deposit and other quality mining projects located in key areas, as well as interests in promising mining companies. Our objective will be to continue to enhance the value of our assets.”

Summary of recent property transactions:

Lac Doda property

The Corporation has proceeded with the closing of the option agreement for the sale of up to an 80% interest in the Lac Doda property to Goliath Resources Limited (TSXV: GOT) (“Goliath”) (see press release dated July 9, 2020). As provided in the agreement, Goliath issued to TomaGold 625,000 common shares and 625,000 warrants, with each warrant entitling the holder to acquire one common share of Goliath at a price of $0.24 for a period of 36 months.Monster Lake propertyOn August 12, 2020, the Corporation acquired the 2.5% interest held by Quinto Resources Inc. (TSXV: QIT) in the Monster Lake property for a cash payment of $250,000 and the return of 750,000 shares of Quinto held by TomaGold. The closing of the transaction will take place no later than September 9, 2020. Following this transaction, TomaGold will hold a 25% interest in the Monster Lake property, with IAMGOLD Corporation (“IAMGOLD”) holding 75%.

IAMGOLD intersects mineralization along strike at Monster Lake:

IAMGOLD today announced assay results from the 2020 drilling program completed at its Monster Lake joint venture project (IAMGOLD: 75%, TomaGold: 25%). IAMGOLD is reporting the final assay results from 6 drill holes, totaling 2,991 metres, completed as part of the 2020 exploration program.

The assay results are provided in Table 1 below and include the following highlights:

(A drill hole plan map and longitudinal section are attached to this news release)

Annie Shear Zone system:

• Drill hole ML-20-253: 3.8 metres grading 16.9 g/t gold
  • Includes: 1.03 metres grading 7.36 g/t gold
  • Includes: 0.80 metres grading 66.50 g/t gold
•  Drill hole ML-20-255: 4.0 metres grading 1.89 g/t gold                             

Big Mama Shear Zone: 

• Drill hole ML-20-251: 2.82 metres grading 5.63 g/t gold                   

Main Shear Zone area:                                     

• Drill hole ML-20-252: 12.3 metres grading 2.09 g/t gold

The Monster Lake joint venture project (on a 100% basis) hosts a Mineral Resource comprising 1,109,700 tonnes of inferred resources averaging 12.14 grams of gold per tonne for 433,300 ounces of contained gold, assuming an underground mining scenario (see news releases dated March 28, 2018 and February 18, 2020), as prepared in accordance with National Instrument 43-101 (“NI 43-101”) Standard of Disclosure for Mineral Projects.

The objective of the 2020 drilling program was to test priority areas along the strike of the main Monster Lake structural corridor, which hosts the 325-Megane zone, for additional zones of mineralization with potential to increase total mineral resources on the property. The focus was on testing the Annie Shear Zone extending to the northeast along strike of the 325-Megane zone in an effort to extend the mineralization intersected during 2019. The program was executed in two phases due to the suspension of activities in March 2020, as directed by the Government of Quebec in response to the COVID-19 crisis. The program was subsequently restarted, and completed in June 2020.

IAMGOLD next steps
These drilling results will be incorporated into the structural and deposit models and used to guide the next drilling programs. Ongoing field activities for the summer season includes geological and geochemical surveys. Regional structural studies continue to support exploration targeting.About the Monster Lake

Project
The Monster Lake project is located 50 kilometres southwest of Chibougamau, Quebec, and is underlain by Archean volcanic rocks of the Obatogamau Formation, which are traversed by an important deformation corridor with associated gold-bearing mineralized structures. Exploration to date has traced this prospective structural shear zone system for at least 4 kilometres along strike, along which several gold prospects have been discovered and a Mineral Resource delineated at the 325-Megane Zone.The Monster Lake Project is held under a joint venture agreement with IAMGOLD, which holds an undivided 75% interest in the property after having fulfilled the terms of its second earn-in at the end of 2019. Should a development decision be made by the joint venture, or should the joint venture declare commercial production, TomaGold would be entitled to a further C$1.0 million payment.Technical Information and Quality Control Notes

The drilling results contained in this news release have been prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects.

Work at IAMGOLD is carried out under the supervision of Marie-France Bugnon, P. Geo., General Manager Exploration. Marie-France is considered a “Qualified Person” for the purposes of NI 43-101 with respect to the technical information being reported on. The technical information has been included herein with the consent and prior review of the above noted Qualified Person. The Qualified person has verified the data disclosed, and data underlying the information or opinions contained herein.

The design of the drilling program and interpretation of results is under the control of IAMGOLD´s geological staff, including qualified persons employing strict protocols consistent with NI 43-101 and industry best practices. The sampling of, and assay data from, the drill core is monitored through the implementation of a quality assurance – quality control (QA-QC) program. Drill core (NQ size) is logged and samples are selected by the IAMGOLD geologists and sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from half a metre to one and a half metres in length depending on the geological observations.

Half-core samples are packaged and transported in sealed bags to ALS Minerals Laboratory (“ALS”) located in Val-d´Or, Québec. Samples are coarse crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95% passing -150 mesh. ALS processes analytical pulps directly at their facilities located in Val-d´Or which is ISO / IEC 17025 certified by the Standards Council of Canada. Samples are analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne, another pulp is taken and fire assayed with a gravimetric finish. Core samples showing visible gold or samples which have returned values greater than 10.0 grams per tonne are re-analyzed by pulp metallic analysis. IAMGOLD inserts blanks and certified reference standards in the sample sequence for quality control.

The technical content of this press release has been reviewed and approved by Claude P. Larouche, Eng., a qualified person under National Instrument 43-101.

The resumption of trading of the Corporation’s securities and the transaction with Quinto Resources Inc. are subject to regulatory approval.

About TomaGold Corporation
TomaGold Corporation is a Canadian mineral exploration Corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project and with Newmont Corporation and New Gold Inc. for the Baird property. TomaGold has interests in seven gold properties near the Chibougamau mining camp in northern Quebec: Monster Lake, Winchester, Lac à l’eau jaune, Monster Lake East, Monster Lake West, Obalski and Lac Doda. It also holds a 24.5% interest in the Baird property near the Red Lake mining camp in Ontario, and has a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.Contact:

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

MONTREAL, July 09, 2020 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce the signing of an option agreement (the “Agreement”) for the sale of up to an 80% interest in the Lac Doda Property to Goliath Resources Limited (TSXV: GOT) (“Goliath”). The Lac Doda Property consists of 80 mining claims covering 4,478 hectares and is located approximately 20 km southwest of the Monster Lake property in the Chibougamau mining camp in Quebec.

The following is a summary of the terms for the acquisition by Goliath of a 65% undivided interest:

• Upon receipt of the approval of the TSX Venture Exchange or at the latest on July 31, 2020, Goliath will issue 625,000 common shares and 625,000 warrants, each warrant entitling the holder to acquire one common share of Goliath at a price of $0.24 over a 36-month period.
• On or before August 31, 2020, Goliath will pay TomaGold an amount of $25,000.
• On or before August 31, 2021, Goliath will pay an additional amount of $25,000 to TomaGold.

In order to acquire an additional 15% undivided interest, Goliath will have to:

• Complete a NI 43-101 compliant resource estimate (the “Minimum Resources Estimate”) confirming a minimum indicated resource of 250,000 ounces of gold on the Lac Doda property by August 31, 2025 and make an additional payment of $500,000 (the “Resources Estimate Payment”) to TomaGold, 30 days after this information is disclosed.

If Goliath exercises its option to acquire either a 65% or an 80% undivided interest, TomaGold will have the option to enter into a 65:35, or 80:20, joint venture, or alternatively have its contributing interest converted to a 20% interest that would be non-contributing and free carried until the commencement of commercial production.In the event the parties enter into a joint venture and the Resources Estimate Payment has not been paid pursuant to the option, TomaGold will be entitled to such payment from Goliath upon the completion of the Minimum Resources Estimate.

“This transaction will allow us to benefit from Goliath’s future exploration successes, with an experienced technical team to move the project forward,” said David Grondin, President and Chief Executive Officer of TomaGold. “With the surge in the price of gold and the positive results obtained by IAMGOLD on the Monster Lake, Nelligan and Rouyn properties, the Chibougamau mining camp has gained new life, allowing us to add value to this promising gold project.”

The transaction is subject to regulatory approval.

About TomaGold Corporation
TomaGold Corporation is a Canadian mineral exploration Corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project and with Newmont Corporation and New Gold Inc. for the Baird property. TomaGold has interests in seven gold properties near the Chibougamau mining camp in northern Quebec: Monster Lake, Winchester, Lac à l’eau jaune, Monster Lake East, Monster Lake West, Obalski and Lac Doda. It also holds a 24.5% interest in the Baird property near the Red Lake mining camp in Ontario, and has a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

Contact:

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

MONTREAL, May 25, 2020 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) announces that it has retained Evans & Evans, Inc., a leading Canadian boutique Investment Banking firm, to conduct an independent valuation of its assets. The valuation report will be delivered to the Corporation in the coming weeks.

“With the strong surge in the gold price, we believe that TomaGold’s assets have gained in value, particularly the Monster Lake property, whose high-grade inferred resource is estimated at 1,109,700 tonnes at an average grade of 12.14 g/t Au for a total of 433,300 ounces of gold (see press release dated March 28, 2018), of which we own 22.5% with IAMGOLD Corporation (75%) and Quinto Resources Inc. (2.5%),” said David Grondin, President and Chief Executive Officer of TomaGold.“This valuation report will allow us to get a true picture of the value of our assets and will also guide the choices we will make regarding the future of TomaGold, including the spin-out transaction or the sale of some of our assets. Since the resurgence of the gold market, we have seen some renewed interest from the mining community in our assets and we will ensure that our future decisions are in the best interest of our shareholders,” concluded Mr. Grondin.

Montreal, Quebec, April 30, 2020 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that, further to its press releases dated January 31, 2020 and April 2, 2020, it has completed the transaction for the sale of its 39.5% interest in the Sidace Lake property to Pacton Gold Inc. (TSXV: PAC, OTC: PACXF).

The Corporation also announces that due to COVID-19, it will delay the filing of its interim consolidated financial statements and management discussion and analysis until on or about May 15, 2020. The Corporation is relying upon temporary relief granted by the Autorité des marchés financiers (AMF) allowing reporting issuers to extend certain continuous disclosure filing deadlines occurring during the period between March 23, 2020 to June 1, 2020 by 45 days.

Management and directors of the Corporation are subject to an insider trading blackout policy until the delayed filings are completed, reflecting the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Corporation confirms that there have been no significant events beside the sale of its 39.5 % interest in the Sidace Lake property, affecting its business since the filing of its 2020 first quarter interim financial statements on January 29, 2020.

Furthermore, in the coming days the Corporation will provide an update on its spin-out transaction due to current market conditions.

About TomaGold Corporation
TomaGold Corporation is a Canadian mineral exploration Corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project and with Newmont Corporation and New Gold Inc. for the Baird property. TomaGold has interests in seven gold properties near the Chibougamau mining camp in northern Quebec: Monster Lake, Winchester, Lac à l’eau jaune, Monster Lake East, Monster Lake West, Obalski and Lac Doda. It also holds a 24.5% interest in the Baird property near the Red Lake mining camp in Ontario, and has a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

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

Montreal, Quebec, January 31, 2020 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce the signing of a binding letter of intent (the “LOI”) for the sale of its 39.5% interest in the Sidace Lake property to Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (“Pacton”). Under the terms of the LOI, which will be formalized by a definitive agreement to be entered into between the parties, Pacton must pay and issue the following to TomaGold:

• Upon final acceptance of the transaction by the TSX Venture Exchange (“TSXV”), Pacton will pay $250,000 and issue 10,000,000 common shares to TomaGold;
• Within six months of TSXV acceptance, Pacton will pay $250,000 and issue $800,000 worth of common shares to TomaGold at a price per share equal to the greater of $0.16 and the 5-day VWAP of Pacton´s shares immediately preceding the date of issuance; and
• Upon Pacton filing a National Instrument 43-101 technical report on the Sidace Lake property showing a gold resource estimate of 750,000 oz Au or greater, Pacton will issue 4,166,666 common shares to TomaGold.

TomaGold must receive the written approval of Newmont Corporation to the transaction with Pacton prior to entering into the definitive agreement.

“This is an excellent transaction for TomaGold and Pacton,” said David Grondin, President and Chief Executive Officer of TomaGold. “It will give us shares in a company with strong upside potential and enable Pacton to strengthen its land position in the Red Lake gold mining camp with a high-quality mining asset close to its Red Lake Gold project.”

TomaGold will pay a 5% finder´s fee from the cash payments and the common shares it will receive to Bay Capital Markets.

The transaction, including the finder´s fee, is subject to the written approval of Newmont Corporation, the execution of a definitive agreement and regulatory approval. All parties to the transaction operate at arm´s length from one another. All common shares to be issued will be subject to a mandatory holding period of four months and one day from the closing date.

About TomaGold Corporation
TomaGold Corporation is a Canadian mineral exploration Corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project and with Newmont Corporation and New Gold Inc. for the Baird property. TomaGold has interests in seven gold properties near the Chibougamau mining camp in northern Quebec: Monster Lake, Winchester, Lac à l’eau jaune, Monster Lake East, Monster Lake West, Obalski and Lac Doda. It also holds a 24.5% interest in the Baird property near the Red Lake mining camp in Ontario, and has a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

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