Mr. David Grondin of TomaGold reports

TOMAGOLD AND IAMGOLD CHANGE THEIR AGREEMENT ON THE MONSTER LAKE, WINCHESTER AND LAC-A-L'EAU-JAUNE PROPERTIES

TomaGold Corp. and Iamgold Corp. have revised the terms of their agreement dated Nov. 12, 2013, for the acquisition by Iamgold of a 50-per-cent interest in each of the Monster Lake, Winchester and Lac a l'eau jaune properties.

As a result of different factors including unusually heavy fall rains, which significantly restricted access to areas of the Monster Lake property and delayed Iamgold's drilling program, Iamgold and TomaGold have agreed to extend the exploration commitments in the agreement from Nov. 12 to May 1. In consideration of the change in the exploration commitments for the agreement period, Iamgold will spend $3-million on exploration by the revised date instead of $2-million. Iamgold also advanced the cash payment date and paid TomaGold $170,000.

The attached table contains a summary of the changes made to the cash payment schedule and exploration commitments.

Exploration commitments                                        Cash payments

On or before May 1, 2015    $3,000,000          Until now (paid)    $520,000
On or before May 1, 2016                   On or before Nov. 12,
(option)                    $2,000,000             2015 (option)    $220,000
On or before May 1, 2017                   On or before Nov. 12,
(option)                    $2,500,000             2016 (option)    $235,000
On or before May 1, 2018                   On or before Nov. 12,
(option)                    $3,000,000             2017 (option)    $300,000
On or before May 1, 2019                   On or before Nov. 12,
(option)                    $5,500,000             2018 (option)    $300,000
Total exploration
expenditures               $16,000,000       Total cash payments  $1,575,000

"The exploration commitments had to be changed because poor weather conditions restricted access for the planned fall drilling program," said David Grondin, president and chief executive officer of TomaGold. "Iamgold has informed us that it has completed the drilling program where access allowed, and expects to receive the results in the coming weeks. Iamgold is planning to resume work on the Monster Lake property in early 2015."

We seek Safe Harbor.