Mr. Jack Stoch reports

CHIBOUGAMAU EXTENDS SEVERAL CONDITIONS OF THE WEST BLOCK OPTION

Per the agreement with Tomagold Corp. dated Aug. 11, 2023, Chibougamau Independent Mines Inc. has received the initial cash and share payments. In addition, Chibougamau has received the first-anniversary share payment but, due to market conditions, has extended both the required first-anniversary $50,000 cash and $600,000 work expenditure requirement to June 30, 2025.

Chibougamau will report to shareholders on the status of the West Block agreement at or shortly following the June 30, 2025, date.

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 under National Instrument 43-101.

We seek Safe Harbor.