TomaGold announces the start of exploration work on Monster Lake by IAMGOLD

Montreal, Quebec, February 5, 2014 – TOMAGOLD CORPORATION (TSXV: LOT) (┬ź TomaGold ┬╗ or the ┬ź Company ┬╗) is pleased to announce the start of work on the Monster Lake property, 50 km southwest of Chibougamau, Quebec, pursuant to an agreement that calls for IAMGOLD Corporation to spend at least $2 million on exploration on the Monster Lake property in Year 1.

The first phase of work, which begins this week, consists of a high-resolution magnetic survey, to be followed by an initial program of at least 6,000 metres of drilling.

The high resolution airborne magnetic survey will be flown over lines spaced at 75 metres, at an average altitude of 45 metres. This high resolution survey will be the first one to be completed on the entire properties and could reveal structural elements that play a key role in gold mineralization. The survey will cover the Monster Lake, Winchester and Lac-├á-l´Eau-Jaune properties, which are all part of the joint venture agreement signed in November 2013. TomaGold will also fund part of the survey to cover the Little Monster and Cookie Monster properties acquired in 2013, which lie just east of Monster Lake. A total of about 2,050 line-km will need to be flown.

A concurrent initial drilling program of at least 6,000 metres of drilling will begin in the second half of February 2014 in the areas of the 325 and M├ęgane zones. The 325 zone returned excellent results from drilling by TomaGold in 2010, 2011 and particularly winter 2013, as shown in the following table:

g/t Au Length
Section 1100 E
M-25-11 49.50 54.00 101.2 4.50 40
Section 1150 E
M-24-11 60.00 61.00 9.60 1.00 45
993-95-50 84.60 85.75 5.04 1.15 60
Section 1200 E
M-10-18 80.00 83.00 6.70 3.00 63
M-38-11 96.00 99.00 7.20 3.00 80
M-43-11 131.00 132.00 11.1 1.00 102
M-13-99 217.00 223.00 32.6 6.00 170
M-13-101 281.50 285.00 48.9 3.50 275
Section 1225 E
M-13-106 256.20 261.00 37.1 4.80 235
M-13-107 266.85 269.60 4.53 2.75 245
Section 1250 E
M-37-11 103.00 105.00 19.4 2.00 87
M-44-11 125.00 127.00 8.40 2.00 97
M-13-94 226.50 231.80 11.5 5.30 187
M-13-93 244.35 250.20 33.6 5.85 217
M-13-95 288.40 295.60 42.0 7.20 278
M-13-102 370.00 372.55 7.30 2.55 330
Section 1300 E
M-13-98 274.60 280.30 26.0 5.70 280
Section 1365 E
M-13-105 355.90 367.20 8.65 11.30 325

“We are very pleased to announce the start of this work,”said David Grondin, President and CEO of TomaGold. “The drilling program targets zones that have already returned excellent results. We feel that IAMGOLD”s help and the work to be done over the next few months will lead to a better understanding of the gold potential of our properties.

Note that the drill core intersects the sheared tuff unit hosting the gold-bearing quartz vein at an angle of 40-50┬░, meaning that the intersected width is not necessarily the true width of the zone. Based on observations on surface from recent trenching and old SOQUEM and Stellar Pacific Ventures drillholes, the Company estimates the true width at 70-85% of the core length.

Andr├ę Jean, Ing., Geo., a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this press release.

About TomaGold Corporation
TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.


TomaGold Corporation
David Grondin
President and Chief Executive Officer
(514) 206-7727

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