Mr. Jack Stoch reports

CHIBOUGAMAU INDEPENDENT MINES, EAST BLOCK TRANSACTION

Chibougamau Independent Mines Inc. has noted that TomaGold Corp. is finalizing the financing to acquire Chibougamau's East Block of copper-gold properties. In order to allow TomaGold to complete the complicated procedures of legal and regulatory paperwork and approvals, Chibougamau has extended the date to finalize the transaction to April 30, 2024.

Shareholders can refer to the Chibougamau Independent's press release dated Aug. 14, 2023, for the terms of the transaction. Apart from the purchase price, which has been adjusted upward by $500,000, both Chibougamau Independent Mines and Globex Mining Enterprises Inc. will each retain a 2-per-cent gross metal royalty on all the East Block claims subject to a 0.5-per-cent buyback option.

This press release was written by Jack Stoch, PGeo, president and chief executive officer of Chibougamau Independent Mines, in his capacity as a qualified person (QP) under National Instrument 43-101.

We seek Safe Harbor.