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TomaGold Files NI 43-101 Technical Report for the Monster Lake Initial Mineral Resource Estimate

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 Qu├ębec, 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-├á-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.