Mr. David Grondin reports

TOMAGOLD ANNOUNCES CLOSING OF SECOND TRANCHE PRIVATE PLACEMENT

TomaGold Corp. has closed the second tranche of its previously announced non-brokered private placement. Pursuant to the closing of the second tranche, the corporation issued 7.6 million common shares of the corporation at a price of two cents per common share for gross proceeds of $152,000 and issued 3.2 million common shares on a flow-through basis at a price of 2.5 cents per FT share for gross proceeds of $80,000.

As a result of the closing of the second tranche of the private placement, there are 239,751,753 common shares of the corporation issued and outstanding.

All securities issued in connection with the second tranche of the private placement will be subject to a statutory hold period of four months and a day from their issuance, expiring on May 1, 2025, and when applicable, to the hold period of the TSX Venture Exchange. In total, TomaGold has issued 7.6 million common shares and 13.8 million FT shares in the first and second tranches of the private placement.

Two officers, one of which is also a director of TomaGold, purchased, directly and indirectly, 6.6 million common shares and 1.6 million FT shares for total consideration of $172,000. The issuance of common shares and FT shares to insiders constitutes a related-party transaction, but is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as TomaGold's securities are not listed on any stock exchange identified in Section 5.5(b) of MI 61-101 and the fair market value of the common shares and FT shares issued to the insiders does not exceed 25 per cent of the corporation's market capitalization. TomaGold did not file a material change report with respect to the participation of the insiders at least 21 days prior to the closing of the private placement as the insider participation was not determined at that time.

Additional closings of the private placement may be held until Jan. 20, 2025, subject to a maximum of 25 million common shares at a price of two cents per common share and a maximum of 20 million FT shares at a price of 2.5 cents per FT share, for total maximum gross proceeds of $1-million.

Closing of the private placement remains subject to final approval of the TSX Venture Exchange.

About TomaGold Corp.

TomaGold is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth element and lithium projects.

We seek Safe Harbor.