Mr. David Grondin reports

TOMAGOLD SET TO LAUNCH STRATEGIC DRILLING CAMPAIGN ON ITS CHIBOUGAMAU PROJECTS

TomaGold Corp. is about to launch its 2025 drilling campaign, which will focus primarily on the properties currently under option from Soquemand Chibougamau Independent Mines in the Chibougamau mining camp as well as its wholly owned Obalski project.

David Grondin, chief executive officer of TomaGold, stated: "The Chibougamau mining camp has recently attracted significant exploration activity, underscoring the region's increasing potential for gold and copper discoveries. Since the beginning of the year, we have compiled project data, advanced preliminary work, identified high-priority targets and prepared our properties to be drill ready. Our 53-hole exploration program will focus on our key projects -- Berrigan, Radar, David, Dufault and Obalski -- with the objective of uncovering new gold-copper mineralization on well-defined, strategically selected targets. We are eager to commence drilling and build on the momentum in this highly prospective region."

Drill and work permits secured

TomaGold has obtained all the necessary drilling and work permits, including the ATI (autorisation de travaux a impact) and forestry permits, to begin exploration activities across its Chibougamau projects.

Drill pad set-up and mobilization status

All access trails to the drill sites have been cleared and secured, and the drill set-ups are ready for immediate mobilization. A total of 53 drill targets have been identified and are fully permitted. While preparing the sites during the winter, the team also conducted limited and selective surface sampling in select areas. Analytical results from this sampling are currently pending.

Geophysical survey work on Obalski

A downhole resistivity/induced polarization (IP) logging survey was conducted in hole OBS-17-002, which intersected the newly interpreted northeast-southwest zone on the Obalski project. The objective was to determine the in situ physical properties of this high-grade copper-gold zone to define the most effective geophysical method for the coming drilling campaign. The resistivity and chargeability contrasts measured between the host rocks and the northeast-southwest zone are up to 10,000 times more conductive and 10 times more chargeable, respectively. To confirm these results, the geophysical properties of hole OBS-23-032 were also measured. This hole was interpreted to have intersected the same northeast-southwest zone approximately 65 metres farther south. The results again confirmed similar conductive and chargeable contrasts of 25,000 times and 10 times, respectively. These very high contrasts suggest that electromagnetic (EM) and IP methods could be successfully applied in this geological context of the Obalski project and possibly the Chibougamau camp.

3-D modelling and structural reinterpretation

TomaGold has completed approximately 95 per cent of the geological reinterpretation and 3-D modelling of the Obalski project. The updated model incorporates historical and recent data, providing a more comprehensive understanding of structural controls and mineralization trends. Final conclusions and visuals from the model will be presented shortly.

The company has initiated a similar modelling and reinterpretation process across its other projects, leveraging the structural insights gained from the Obalski project reinterpretation.

Coming geophysical surveys (pending crew availability)

TomaGold has outlined a series of geophysical surveys to be conducted across its Chibougamau projects in 2025, pending crew availability and seasonal access. These surveys are designed to refine drill targeting and enhance geological modelling across key assets.

These surveys will complement the current structural reinterpretation work and support future drilling campaigns across the portfolio.

The technical content of this press release has been reviewed and approved by Jean Lafleur, PGeo, the company's vice-president of exploration and a qualified person under National Instrument 43-101.

About TomaGold Corp.

TomaGold is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau mining camp in Northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the company holds interests in two gold properties in the vicinity of the camp: Obalski and Doda Lake. TomaGold also owns a 100-per-cent interest in a lithium property and the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5-per-cent interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc.

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