Montreal, Quebec, August 27, 2018 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) today provided an update on its exploration activities, including a realignment of its core activities to consider its strategic options for the development of the Corporation.

“Despite the excellent results of the Monster Lake resource estimates and our extensive land holdings around the deposit, we feel that the share price does not fully reflect the value and potential of our assets,” said David Grondin, President and Chief Executive Officer of TomaGold. “We will therefore take the next few months to assess the various strategic options for developing the Corporation in the best interests of our shareholders.”

The following is a summary of the exploration work that was done on the Corporation´s projects: 

Exploration projects 

Monster Lake East property (100% TomaGold)

Hazeur property (70% TomaGold, 30% Visible Gold Mines)

On July 16, TomaGold announced the results of an induced polarization (IP) survey on Monster Lake East. The survey was conducted to a depth of 300 metres, and targeted a large copper geochemical anomaly discovered by a government survey. The anomaly was traced over a distance of several kilometres striking approximately 330° northwest of Lac des Trois Iles. The report submitted by Abitibi Géophysique recommends drilling on 14 high-priority gold and copper targets at depths of 100 to 350 metres.

In addition, a detailed compilation was performed on the Monster Lake East and Hazeur properties to correlate all the detailed aerial and ground geophysical survey data with the recent structural and stratigraphic interpretations. 

Monster Lake East

In conjunction with historical data, the IP results provide a better understanding of the geology, structure and potential for mineralization of economic interest in the Monster Lake East sector. This sector primarily covers the Joe Mann-Guercheville deformation corridor, as well as the southern extension of the Genesis structures. The IP survey confirmed the existence of a fold in the area of the geochemical anomaly (basal till) shown on the ministry´s compilation maps. Furthermore, brief prospecting was done in the past on the Joe Mann-Guercheville mineralized corridor on TomaGold´s claims. Old trenches indicate the presence of felsic tuffs within this corridor, as well as an oxidized zone just south of Lac des Trois Iles (Smith showing). This showing returned a grade of 0.42 g/t Au over 18.00 m. Sampling farther east on the same horizon also returned zinc grades (grab sample: 4.00% Zn, 24.00 g/t Ag, 0.80% Cu and 0.45 g/t Au). A few historical drill holes also tested the base metal potential of this horizon. 

Hazeur 

The Hazeur property covers the Joe Mann-Guercheville corridor over a distance of more than 15 km. There are numerous gold showings all along the deformation zone. The deformation corridor also crosses the Winchester property (IAMGOLD 50%/TomaGold 50%) adjacent to the west, where grades of 0.24 g/t Au over 80.4 m (Source: SOQUEM hole 993-01-86) and 0.30 g/t Au over 70.0 m (Source: SOQUEM hole 993-01-88) were reported.

The property also covers a volcanic-sedimentary contact between the volcanics to the north and the Caopatina sediments to the south. This contact also appears to be very favourable for gold mineralization. 

TomaGold also identified the western extension of the Philibert zone during drilling in 2016, with Hole HA-16-03 returning a grade of over 1.5 g/t Au over 15.0 m.

Obalski property (100% TomaGold)

3D modelling was carried out for the Obalski property based on core data and analysis from 320 surface diamond drill holes and core data from 22 underground drill holes.

The modelling results provide a better understanding of the structure and mineralization on this mining property, the site of an old gold mine. The results can be summarized as follows:

• The stratigraphy strikes north-south and dips west (possibly 30°).
• A fracture zone oriented N-110° has been injected with irregular quartz veins containing high copper grades, as well as gold and silver (vein A production). This fracture zone has been intersected and displaced by a series of factures oriented N-80° enriched in gold and silver (vein D production).  
• The bedded zone of the Lac Doré Complex (magnetite-rich) appears to play a role in the occurrence of pyrrhotite associated with gold mineralization at depth.
• Surface drilling has confirmed the extension of the mineralization at depth.

Lac Doda property (100% TomaGold)

This new property, which was acquired by staking, consists of 80 claims covering 4,478 hectares. The Lac Doda property covers a volcanic-sedimentary contact that is very similar to the contact on the Hazeur property and may simply be the southern expression of that same volcanic-sedimentary contact farther along a syncline. Geochemistry has identified many anomalies in the sediments, along with a large copper anomaly at the southern contact between the sediments and the volcanic rocks.

Changes to the Board

TomaGold announced that Robert Rosner has joined to its Board of Directors in replacement of Ciro Cucciniello.

Robert Rosner has significant experience as a mining industry entrepreneur and executive who currently acts as a Director, CFO and Executive Vice President of Lucky Minerals Inc., Director and CFO of Chimata Gold Corp. and Director and CFO of Emgold Mining Corporation.  Early in his career he initiated the formation of a number of junior exploration mining companies, including Fortuna Silver Mines (NYSE: FSM) and Niogold Mining Corp. (TSX.V: NOX – Acquired and wholly owned by Osisko), and played instrumental roles in managing these, and other, resource ventures involved in early stage exploration, resource location, delineation, and development. He has successfully utilized his extensive experience in public and private company management for over 30 years.

Mr. Rosner has acted as an officer and director of both Canadian and U.S. listed companies, providing senior management of reporting compliance, oversight and fiduciary capacities, and directing corporate activities. He also has significant experience in Initial Public Offerings, Mergers & Acquisitions, and reverse takeovers.

TomaGold also announced that Jean Martineau will be a proposed director of the Board of Directors at the next shareholders meeting of the Corporation. He was previously on the Corporation´s Advisory Board.

Jean Martineau has worked in the Canadian mining industry for more than 25 years as a director of junior exploration companies and an investment broker, and has been the CEO and President of Dynacor Gold Mines since the company was listed on the TSX in 2007. Over the last 20 years, he has focused on South America and has acquired in-depth knowledge of the management of natural resource companies in South America. His Latin American expertise has been of prime importance in the development of Dynacor Gold Mines’ operations in Peru. Prior to work in the mining industry, he worked in the Pulp and Paper industry for more than 12 years, where his last assignment was in Venezuela.

The Board is proud of the interests of Messrs. Rosner and Martineau to TomaGold and would like to thank Mr. Cucciniello for his contribution, and wishes him success in his future endeavours.

Other Corporate Highlights

TomaGold has ceased the gold brokerage activities it was conducting in South America through its subsidiary, TomaSouth Corporation, preferring to focus on its core business.

The Corporation has also granted a total of 1,425,000 stock options to directors, officers and strategic committee members 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.

In addition, the Corporation´s annual and special meeting of shareholders has been set for September 28, 2018, and the proxy circular containing the details of the matters to be considered will be published and filed on www.sedar.com within the next few weeks.

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

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties near the Chibougamau mining camp in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan. It also holds interests of 39.5% in the Sidace Lake property and 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire 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

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.

The survey identifies 14 high priority drill targets for gold and copper 

Montreal, Quebec, July 16, 2018 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to report that it has received positive results from the induced polarization geophysical survey (“IP survey”) on its Monster Lake East property, which lies next to the Monster Lake joint venture project (currently held by IAMGOLD Corporation (50%), TomaGold (45%) and Quinto Resources Inc. (5% of the Monster Lake claims block)), 50 kilometres southwest of Chibougamau (Québec), Canada.

Through Abitibi Geophysics, TomaGold conducted a detailed IP survey to a depth of 300 metres to explore a large copper geochemical anomaly identified by a government survey. The anomaly was traced over a distance of several kilometres striking approximately 330° to the northwest of Lac Trois-Iles. The report submitted by Abitibi Geophysics recommends drilling 14 high priority gold and copper targets to depths of 100 to 350 metres.

“This is a major development for the Monster Lake East property, which shows interesting gold and copper potential near the Monster Lake project,” said David Grondin, President and CEO of TomaGold. “The next phase of work on Monster Lake East will consist of drilling on the high priority targets.“ 

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan near the Chibougamau mining camp. It also holds a 39.5% interest in the Sidace Lake property and a 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

The Corporation is also engaged in gold brokerage activities in South America through its subsidiary, TomaSouth Corporation.

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.

Results include 72.17 g/t Au over 2.62 metres and 40.94 g/t Au over 5.32 metres

Montreal, Quebec, June 14, 2018 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to report that IAMGOLD Corporation (“IAMGOLD”) today announced assay results from the 2018 winter drilling program completed at its Monster Lake joint venture project (currently held by IAMGOLD Corporation: 50%, TomaGold Corporation: 45%, and Quinto Resources Inc.: 5% on the Monster Lake claims block with IAMGOLD continuing to advance its option to earn in up to a 75% interest). The project is located 50 kilometres southwest of Chibougamau, Quebec, Canada. IAMGOLD is reporting the final assay results from all 26 drill holes, totaling 8,282 metres, completed as part of the initial 2018 program. 

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

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

325 – Megane Zone and Main Shear Zone:

• Drill hole ML18-212: 3.83 metres grading 23.96 g/t gold 

• Includes: 1.30 metres grading 67.22 g/t gold

• Drill hole ML18-213: 3.84 metres grading 39.24 g/t gold 

• Includes: 1.09 metres grading 127.4 g/t gold

• Drill hole ML18-217: 5.32 metres grading 40.94 g/t gold 

• Includes: 0.70 metres grading 251.0 g/t gold

• Drill hole ML18-225: 2.62 metres grading 72.17 g/t gold 

• Includes: 1.75 metres grading 107.3 g/t gold

Lower Shear Zone:

• Drill hole ML18-224: 4.32 metres grading 32.07 g/t gold 

• Includes: 0.74 metre grading 134.0 g/t gold

• Drill hole ML16-176B Ext : 0.70 metres grading 14.10 g/t gold 

The Monster Lake joint venture project hosts an NI 43-101 compliant resource, effective as at February 26, 2018, comprising 1,109,700 tonnes of inferred resources averaging 12.14 grams of gold per tonne for 433,300 ounces of contained gold (see news release dated March 28, 2018). The 2018 winter drilling program was designed to improve confidence in the continuity of the mineralization and to test for extensions of the known mineralized zones. Key objectives of the drilling program included: infill drilling targeting the upper part of the 325-Megane Zone largely delineated by only historical drilling; testing for proximal extensions along strike and at depth; and evaluating newly discovered areas of mineralization within a structure parallel to the Main Shear Zone and adjacent to the 325-Megane Zone, referred to as the Lower Shear Zone.  All of the areas targeted in this program are best accessed during the winter when the ground is frozen. 

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “We continue to be impressed with both the continuity and the high grades demonstrated by infill drilling of the 325-Megane Zone.  Although confirming resource extensions and expanding additional areas of mineralization has proved to be challenging for our exploration team, this style of mineralization remains an attractive exploration target.  As I have said before, we believe the structural setting suggests favourable potential for the occurrence of additional mineralized shoots along the Monster Lake structural corridor and we continue to evaluate this setting for additional zones of mineralization.” 

“The results obtained from this last drilling program continue to show solid high-grade gold potential for the Monster Lake project, which could translate into additional resources,” said  David Grondin, President and CEO of TomaGold. “As we continue to see strong results from IAMGOLD, we believe that this asset could become extremely valuable for TomaGold.”  

Next Steps 

These results will be incorporated into the deposit model and used to update the mineral resources to guide the next drilling programs. Ongoing geochemical and structural studies will continue to support exploration targeting.  A further round of drilling is being planned to test specific structural targets which are accessible in the summer season.

About the Monster Lake Project

The Monster Lake project is underlain by Archean volcanic rocks of the Obatogamau Formation and is traversed by an important deformation corridor and associated gold-bearing mineralized structures. Historical drilling and exploration by TomaGold have identified a four-kilometre long structural corridor, along which most of the known gold occurrences discovered to date on the property are associated, including the Megane Zone. 

The Monster Lake project is held under an earn-in option to joint venture agreement with IAMGOLD, which holds an undivided 50% interest in the property, and holds an option to earn a further 25% undivided interest, for a total 75% undivided interest in the project, should it spend a total of C$10.0 million on the project within a seven year period, beginning January 1, 2015. 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 for each of these events. 

On August 14, 2017, IAMGOLD subscribed for 27.7 million common shares of TomaGold from treasury representing 19.98% of the outstanding common shares of TomaGold. The common shares were purchased at a price of C$0.09 per common share, for an aggregate purchase price of C$2.5 million. Prior to the acquisition, IAMGOLD did not hold any common shares of TomaGold.

Technical Information and Quality Control Notes 

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

The “Qualified Person” responsible for the supervision of the preparation and review of this information is Marie-France Bugnon, P. Geo., General Manager Exploration. Marie-France is considered a “Qualified Person” for the purposes of National Instrument 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 sampling of, and assay data from, the drill core is monitored through the implementation of a quality assurance – quality control (QA-QC) program designed to follow industry best practice. Drill core (NQ size) 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.

Samples are transported in sealed bags to ALS Minerals Laboratory 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 Minerals 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 (g/t), 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 g/t are re-analyzed by pulp metallic analysis. IAMGOLD inserts blanks and certified reference standard in the sample sequence for quality control.

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan near the Chibougamau mining camp. It also holds a 39.5% interest in the Sidace Lake property and a 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

The Corporation is also engaged in gold brokerage activities in South America through its subsidiary, TomaSouth Corporation.

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.

Table 1

Notes:

1. Drill hole intercepts are calculated using a 0.50 g/t Au assay cut-off.

2. True widths of intersections are approximately 85 to 90% of the core interval.

3. Assays are reported uncut but high grade sub-intervals are highlighted.

Montreal, Quebec, May 17, 2018 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that it has filed a National Instrument 43-101 (“NI 43-101”) Technical Report prepared for TomaGold and its joint-venture partner IAMGOLD Corporation on the initial mineral resource estimate for the Monster Lake Project in Québec, Canada, reported in the news release dated March 28, 2018. 

The NI 43-101 Technical Report was prepared by Charlotte Athurion, P.Geo., and Karine Brousseau, P.Eng., both of InnovExplo, under the supervision of Alain Carrier P.Geo., of InnovExplo. All are considered “Qualified Persons” as defined by NI 43-101. The NI 43-101 Technical Report may be found on TomaGold’s website at www.TomaGold.com or under TomaGold’s profile at www.sedar.com.

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan near the Chibougamau mining camp. It also holds a 39.5% interest in the Sidace Lake property and a 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

The Corporation is also engaged in gold brokerage activities in South America through its subsidiary, TomaSouth Corporation.

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.

The Company also provides an update on its exploration and gold brokerage activities

Montreal, Quebec, April 12, 2018 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that it has consolidated its position in the Monster Lake area with the acquisition of 64 additional claims, of which 36 claims are adjacent to the east of the Monster Lake East property (forming the Monster Lake East property) and 28 claims are adjacent to the west of the Monster Lake property (forming the Monster Lake West property). In consideration for these claims, the Corporation issued 300,000 common shares to a prospector.

“With the promising results obtained from the Monster Lake resource estimate (see press release dated March 28, 2018) and the discovery of the copper anomaly on Monster Lake East, it was important for us to proceed with this acquisition,” said David Grondin, President and Chief Executive Officer of TomaGold.

Geophysical survey on Monster Lake East

On the Monster Lake East property, TomaGold conducted a partial airborne survey in the area of the large copper geochemical anomaly identified by a government survey, and cut a 20-kilometre grid of lines, including a 4-kilometre baseline. The Corporation has recently completed a detailed PP survey through Abitibi Geophysics to explore the anomaly to a depth of 300 m and expects to have the survey results over the next few weeks.

Gold brokerage and line of credit

The Corporation has completed a second transaction of 306 ounces of gold and is currently conducting a third transaction. In addition, negotiations are continuing with several groups to finalize the planned financing through a line of credit or a loan, which will allow TomaGold to increase the volume and frequency of transactions.

The acquisition of the claims is subject to approval by the regulatory authorities.

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

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan near the Chibougamau mining camp. It also holds a 39.5% interest in the Sidace Lake property and a 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

The Corporation is also engaged in gold brokerage activities in South America through its subsidiary, TomaSouth Corporation.

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.

Inferred resource of 1,109,700 tonnes at an average grade of 12.14 g/t Au for 433,300 ounces of gold

Montreal, Quebec, March 28, 2018 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that its joint-venture partner IAMGOLD Corporation (“IAMGOLD”) has reported the results of its first mineral resource estimate in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 (“NI 43-101”) for the Monster Lake joint venture project (IAMGOLD: 50%, TomaGold: 45%, and Quinto Resources Inc.: 5% on the Monster Lake block of claims), located 50 kilometres southwest of Chibougamau, Quebec, Canada.

The resource estimate comprises 1,109,700 tonnes of inferred resources averaging 12.14 grams of gold per tonne for 433,300 ounces of contained gold. This resource is contained in four discrete mineralized zones where geological and grade continuities have been demonstrated and has been estimated assuming an underground mining scenario. The most significant zone is the 325-Megane Zone which is characterized by its high grade and remains open down plunge at depth. The potential for adding additional resources along the identified shear structures is considered favourable and remains the focus of ongoing exploration programs.

“This first resource estimate is added support for what we have long suspected, which is that Monster Lake has the potential to become an important high-grade gold deposit,” said David Grondin, President and Chief Executive Officer of TomaGold. “This is a milestone in the development of Monster Lake, especially because many targets and gold-bearing areas have yet to be explored. The goal of the joint venture is to realize the full value of the Monster Lake project, and IAMGOLD has the required resources and tools to achieve that goal.“

The mineral resource estimate for the Monster Lake project incorporates assay results from 105 diamond drill holes variably spaced from 50 to 200 metres apart and totaling nearly 39,000 metres. The drill hole data base comprises both historic and recent drill holes completed by the joint venture partners. The estimate was prepared using a block model constrained with 3D wireframes of the four mineralized solids constructed by InnovExplo Inc. Values for gold were interpolated into blocks using a 2-pass inverse distance squared (ID2) interpolation method. This mineral resource estimate incorporates mining assumptions relating to an underground mining extraction method to support the CIM requirement that Mineral Resources have “reasonable prospects for eventual economic extraction”. Only mineralization contained within the four mineralized wireframes has been included in the resource estimate. The effective date of this resource estimate is February 26, 2018.

A supporting NI 43-101 Technical Report will be filed on SEDAR at www.sedar.com by IAMGOLD within 45 days of this release.

MINERAL RESOURCE STATEMENT – MONSTER LAKE PROJECT

Effective February 26, 2018

Notes:

• CIM definitions were followed for classification of Mineral Resources.
• Mineral Resources are not Mineral Reserves and have not demonstrated economic viability.
• Results are presented in situ and undiluted.
• Mineral resources are reported at a cut-off grade of 3.5 g/t Au, using a gold price of US$1,300/ounce and a Canadian$/U.S.$ exchange rate of 1.28.
• Density data (g/cm3) was established on a per zone basis and ranges from 2.86 to 2.88 g/cm3.
• A minimum true thickness of 2.5 m was applied, using the grade of the adjacent material when assayed or a value of zero when not assayed.
• High-grade capping (g/t Au) was done on raw assay data and ranges from 20 to 150 g/t Au, based on the statistical analysis of each mineralized zone.
• Resources were estimated from 1.5m drill hole composites, using a 2-pass ID2 interpolation method in a block model (block size = 3 m x 3 m x 3 m).
• The number of metric tons and ounces was rounded to the nearest hundred.

Next Steps

IAMGOLD has initiated its 2018 exploration program which includes approximately 7,500 metres of diamond drilling. The objectives of the drilling program include: definition drilling targeting the upper part of the 325-Megane zone; testing for extensions along strike and at depth; and evaluation of newly discovered areas of mineralization adjacent to the 325-Megane zone along the Monster Lake structural corridor and in the Lower Shear zone. The program is designed to improve confidence in the continuity of the mineralization and to extend the known mineralized zones.

About the Monster Lake Project

The Monster Lake project is underlain by Archean volcanic rocks of the Obatogamau Formation and is traversed by an important deformation corridor and associated gold-bearing mineralized structures. Historical drilling and exploration by TomaGold have identified a four-kilometre long structural corridor, along which most of the known gold occurrences discovered to date on the property are associated, including the 325-Megane Zone. 

The Monster Lake project is held under an earn-in option to joint venture agreement with IAMGOLD, which holds an undivided 50% interest in the property, and holds an option to earn a further 25% undivided interest, for a total 75% undivided interest in the project, should it spend a total of C$10.0 million on the project within a seven year period, beginning January 1, 2015. 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 for each of these events. 

On August 14, 2017, IAMGOLD subscribed for 27.7 million common shares of TomaGold from treasury representing 19.98% of the outstanding common shares of TomaGold. The common shares were purchased at a price of C$0.09 per common share, for an aggregate purchase price of C$2.5 million. Prior to the acquisition, IAMGOLD did not hold any common shares of TomaGold.

Qualified Persons and Technical Information

The mineral resource estimate, including verification of the data disclosed, has been completed by InnovExplo Inc. (“InnovExplo”) and reported in accordance with NI 43-101 requirements and CIM Estimation Best Practice Guidelines. The resource estimate was prepared by Karine Brousseau, Eng., and Charlotte Athurion P.Geo., both of InnovExplo, under the supervision of Alain Carrier P.Geo., of InnovExplo.

Karine Brousseau, Eng. who is an independent qualified person under NI 43-101, has reviewed and approved the contents of this release. The information in this news release was reviewed and approved by Marie-France Bugnon, P. Geo., General Manager Exploration for IAMGOLD, who is considered a Qualified Person as defined by National Instrument 43-101.

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

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan near the Chibougamau mining camp. It also holds a 39.5% interest in the Sidace Lake property and a 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

The Corporation is also engaged in gold brokerage activities in South America through its subsidiary, TomaSouth Corporation.

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, February 26, 2018 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to provide an update on the exploration work planned for 2018, which will take place on its Monster Lake East, Obalski and Hazeur properties.

Monster Lake East property (100% TomaGold)
Hazeur property (70% TomaGold, 30% Visible Gold)

The Monster Lake East / Hazeur properties are contiguous to the south and east of the Monster Lake, Winchester and Lac-à-l´eau-Jaune properties, which are being actively explored by partner IAMGOLD, and also cover the southwest extension of the Fancamp deformation corridor.

On the Monster Lake East property there is a large copper geochemical anomaly that was discovered by a government survey. The anomaly strikes at about 330° for several kilometres to the northwest of Trois-Iles Lake. TomaGold recently carried out a partial airborne survey in the area of the anomaly and will very shortly begin cutting a grid of 20 km of lines, including a 4 km baseline, and retained Abitibi Geophysics to conduct a detailed IP survey to explore the anomaly to a depth of 300 m.

Furthermore, a detailed compilation has begun on the Monster Lake East / Hazeur properties to correlate all the detailed airborne and ground geophysical survey data with recent stratigraphic and structural interpretations. Detailed information from recent drilling by TomaGold will also be incorporated to the interpretation, which will generate drilling recommendations.

“We are really looking forward to exploring this major, multi-kilometre long copper anomaly on our Monster Lake East property,” said David Grondin, President and Chief Executive Officer of TomaGold. “This next phase of work will give us a much better idea of the property´s potential.”     

Obalski property (100% TomaGold)

A 3D modelling project was been initiated on the Obalski property in the last few months. Assays and core information from 320 diamond drill holes and core information from 22 underground drill holes are being incorporated into the model, which should be completed in the coming weeks.

Drilling on the B-Zone in January 2017 returned up to 15.0 g/t Au, 46.8 g/t Ag and 10.4% Cu over a true width of 2.1 m (see news release dated March 16, 2017) and drilling on the C-Zone in 2012 returned up to 33.60 g/t Au, 23.74 g/t Ag and 1.15% Cu over a true width of 2.0 m. Based on the most recent surface drilling results, a new structural interpretation for the control of the gold-copper-silver mineralization was developed. The mineralization of economic interest consists of irregular quartz veining located within shears and fractures. Two main directions are evident: 1) North 110° (the “A” and “C” zones along with the “G” Zone further East); and 2) North 075° (the “B” and “D” zones). The average width of the mineralization is 1 to 2 m. It should be noted that the 110° structure is more Cu-Au rich and the 075° structure is more Au-Cu rich. The 075° structure also appears to cut and displace the 110° structure.

The mineralization is comprised of chalcopyrite, pyrite, sphalerite, visible gold, and magnetite and pyrrhotite locally. The presence of pyrrhotite could be associated with the replacement of the magnetite in the magnetite-rich layered zone of the Lac Dore Complex by the gold-bearing mineralization. If this is the case, the magnetite-rich zone would act as a “typical Iron Formation” for the formation of gold deposits. The 3D modelling is aimed at better defining the local stratigraphy (which appears to strike N-000° and dip moderately to the west) in order to establish a possible correlation between the better mineralized intersections and the magnetite-rich layers (replaced locally by pyrrhotite), based on which drilling targets will be recommended.

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

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan near the Chibougamau mining camp. It also holds a 39.5% interest in the Sidace Lake property and a 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

The Corporation is also engaged in gold brokerage activities in South America through its subsidiary, TomaSouth Corporation.

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.

• Creation of subsidiary TomaSouth Corporation to conduct gold brokerage activities in South America.
• Closing of an initial transaction, involving 340 ounces of gold.
• Access to a $1 million credit facility to increase the number and volume of transactions. 

Montreal, Quebec, January 29, 2018 – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce the creation of a new subsidiary, TomaSouth Corporation (“TomaSouth”), specialized in gold brokerage. More specifically, TomaSouth’s activities will consist of buying gold from artisanal producers and transporting it to refineries.

Start of TomaSouth’s activities

TomaSouth closed its first transaction, for 340 ounces of gold, in the second quarter. As part of that transaction, the Corporation entered into a partnership with local entities that will oversee day-to-day operations. The expertise of those local partners and their access to an extensive network of South American gold producers are key to the expansion of the Corporation’s brokerage activities. 

The Corporation has established a revenue-sharing plan for the partnership under which it will receive cash consideration of 50% to 85% of the monthly earnings based on the volume of transactions. In addition, it paid its local partners an initial $50,000 and will make a final payment of $50,000 on closing of the second transaction. The Corporation will also grant a total of two million consultant options that are exercisable when certain performance targets are reached, as follows: once the Corporation has received the proceeds for a total of 50 kg of gold traded in accordance with the consulting agreement, the holder may exercise its rights for one-quarter of the options granted; once the Corporation has received the proceeds for a total of 100 kg of gold traded in accordance with the consultation agreement, the holder may exercise its rights for a second quarter of the options granted; and once the Corporation has received the proceeds for a total of 250 kg of gold traded in accordance with the consultation agreement, the holder may exercise its rights for the remaining half of the options granted.

Line of credit

To finance its new activities, the Corporation has obtained a $1 million line of credit from investors in Quebec. The credit facility bears interest at an annual rate of 11.95% on any used balance and is renewable every two years. The Corporation will also issue a total of 850,000 bonus shares of its capital stock to the investors in two annual tranches of 425,000 shares priced at $0.09 per share. The closing of the line of credit is expected to occur in the next 30 days.

“This new gold brokerage business will have significant benefits for TomaGold, as it will enable us to generate positive cash flow for our exploration activities without creating excessive dilution,” said David Grondin, President and Chief Executive Officer of TomaGold. “We will continue to expand our network in South America over the coming weeks by building solid relationships with local producers. With the help of our partners, we’ll have access to a vast network of gold producers of all sizes. Along with our new credit facility, this initiative will enable us to increase the number and volume of our transactions and generate growing revenues for the Corporation.“

The common shares to be issued under the credit facility are subject to a minimum four-month hold period. The financing is subject to the approval of the TSX Venture Exchange.

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan near the Chibougamau mining camp. It also holds a 39.5% interest in the Sidace Lake property and a 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire a 70% interest in the Hazeur property, at the southern edge of the Monster Lake group of properties.

The Corporation is also engaged in gold brokerage activities in South America through its subsidiary, TomaSouth Corporation.

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.

IAMGOLD starts a 7,500-metre winter drilling program 

Montreal, Quebec, January 22, 2018 – TOMAGOLD CORPORATION (TSXV:LOT) (“TomaGold” or the “Corporation”) is pleased to announce that IAMGOLD Corporation (“IAMGOLD”) has confirmed that an initial resource estimate is under way for its Monster Lake joint venture project (IAMGOLD: 50%, TomaGold: 45%, and Quinto Resources Inc.: 5% on the Monster Lake block of claims), located 50 kilometres southwest of Chibougamau, Quebec, Canada. The estimate, which will be performed in accordance with National Instrument 43-101, will be based on data from more than 80,000 metres of drilling completed by IAMGOLD, TomaGold and previous explorers, including approximately 38,000 metres from the 325-Megane zone area. The estimate will be supported  by a 43-101 technical report.

IAMGOLD also commences its 2018 exploration program which will include this winter the completion of approximately 7,500 metres of diamond drilling on the Monster Lake property. The drilling program includes:  definition drilling targeting the upper part of the 325-Megane zone; testing for extensions along strike and at depth; and evaluation of newly discovered areas of mineralization adjacent to the 325-Megane zone along the Monster Lake structural corridor and in the Lower Shear zone. The program is designed to improve confidence and extend the known mineralized zones. Drilling has started.

“We are delighted that IAMGOLD has initiated a first resource estimate for Monster Lake,” said David Grondin, President and Chief Executive Officer of TomaGold. This will mark a significant milestone in the exploration of the Monster Lake project. In addition, IAMGOLD continues to advance its ongoing exploration of the property, with a new drilling program targeting high-potential targets for additional mineralization. Together with the resource estimate, this drilling program will continue to advance the Monster Lake project significantly.”

About TomaGold Corporation

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold has interests in six gold properties in northern Quebec: Monster Lake, Winchester, Lac-à-l’Eau-Jaune, Monster Lake East, Obalski and Lac Cavan near the Chibougamau mining camp. It also holds a 39.5% interest in the Sidace Lake property and a 24.5% in the Baird property near the Red Lake mining camp in Ontario. Finally, it has an option to acquire 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

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.