Mr. David Grondin of TomaGold reports

TOMAGOLD AND IAMGOLD SIGN A $17.575 MILLION AGREEMENT ON THE MONSTER LAKE, WINCHESTER AND LAC A L'EAU JAUNE GOLD PROJECTS

TomaGold Corp. and Iamgold Corp. have finalized an option agreement in which Iamgold may earn a 50-per-cent interest in each of the Monster Lake, Winchester and Lac a l'eau jaune properties for a total of $17,575,000, including $16-million in exploration work and $1,575,000 in payments over five years. The schedule of cumulative investments to be made by Iamgold is shown.

Exploration commitments:

By the first anniversary of the agreement:  $2.0-million

By the second anniversary:  $2.5-million

By the third anniversary:  $2.5-million

By the fourth anniversary:  $3.5-million

By the fifth anniversary:  $5.5-million

Payments to TomaGold:

On signing:  $350,000

By the first anniversary:  $170,000

By the second anniversary:  $220,000

By the third anniversary:  $235,000

By the fourth anniversary:  $300,000

By the fifth anniversary:   $300,000

Iamgold will act as the project operator with the support of TomaGold personnel during the acquisition period of its 50-per-cent interest. Once Iamgold has acquired its 50-per-cent interest in the properties, the interests of TomaGold and Quinto Real Capital Corp. will be diluted proportionately such that TomaGold and Quinto hold interests of 45 per cent and 5 per cent, respectively, in the Monster Lake property.

David Grondin, president and chief executive officer of TomaGold, stated that: "We are proud to have signed an agreement with Iamgold, a major gold producer with proven expertise in Quebec and the rest of the world. Iamgold's financial and technical resources will enable us to explore Monster Lake and the neighbouring properties faster and in a more optimal manner. In addition, the larger work commitments mean that exploration work on the properties will be ongoing. In short, this transaction is a testimony to the gold potential of Monster Lake and its surroundings, and we hope to eventually turn it into a mine."

"We are pleased to have signed this agreement and look forward to working with TomaGold to continue to advance the exploration on the Monster Lake project," said Craig MacDougall, senior vice-president, exploration, at Iamgold.

The agreement is subject to regulatory approval.

About the Monster Lake project

The Monster Lake project lies in northwestern Quebec, 44 kilometres southwest of Chibougamau. Since 1984, over 40,000 metres of diamond drilling have been done along the four-kilometre mineralized corridor.

In the winter of 2012, TomaGold drilled 16 holes for a total of 2,420 metres on the Annie zone, which resulted in a major discovery of 237.6 grams per tonne of gold over 5.7 metres in hole M-12-60. In 2013, the company drilled 12 holes totalling 5,000 metres on zone 325. All the holes intersected the gold-bearing structure, and seven of the 12 holes returned values of over 10 grams per tonne of gold. The program also confirmed that zone 325 was 150 metres long with a vertical depth of 330 metres, and that it was open at depth. The best drill results for zone 325 were as shown in the table (please refer to April 22, 2013, news release).

Hole                            From        To        Au    Length     Depth
(No.)                            (m)       (m)     (g/t)       (m)       (m)

M-25-11                        49.50     54.00     101.2      4.50        40
M-24-11                        60.00     61.00      9.60      1.00        45
993-95-50                      84.60     85.75      5.04      1.15        60
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
M-13-106                      256.20    261.00      37.1      4.80       235
M-13-107                      266.85    269.60      4.53      2.75       245
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-12-50                       160.60    162.15      4.50      1.55       115
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
M-13-98                       274.60    280.30      26.0      5.70       280
M-13-103                      364.55    376.60      1.75     11.95       330
M-13-105                      355.90    367.20      8.65     11.30       325

It should be noted that the sheared tuff unit hosting the gold-bearing quartz vein was intersected at a 40-degree to 50-degree angle to the core axis, meaning that the width of the intersection is not necessarily the true width. Based on observations on surface in recent trenching and old holes drilled by SOQUEM and Stellar Pacific Ventures, the company estimates the true width of the mineralized zone at 70 per cent to 85 per cent of the width intersected in the drill holes.

The technical content of this news release has been reviewed and approved by Andre Jean, PEng, a qualified person under National Instrument 43-101.

We seek Safe Harbor.