Mr. David Grondin reports

TOMAGOLD ANNOUNCES CLOSING OF HAZEUR, MONSTER LAKE EAST AND MONSTER LAKE WEST PROPERTIES SALE TRANSACTION

TomaGold Corp. has closed the previously disclosed asset purchase agreement with Northern Superior Resources Inc. dated July 10, 2025, for the sale of the company's wholly owned Hazeur, Monster Lake East and Monster Lake West properties, located in the Chibougamau area in the province of Quebec.

Pursuant to the asset purchase agreement, in consideration for the acquisition of the properties, Northern Superior provided the following consideration to TomaGold:

• Closing payment -- a cash payment of $1-million to TomaGold in satisfaction of the purchase price of the asset purchase agreement;
• Royalty -- Northern Superior granted to TomaGold a net smelter returns royalty of 2 per cent on all mineral production from the properties pursuant to a net smelter royalty agreement dated as of the closing date of the proposed acquisition; Northern Superior, or any successor entity that holds an interest in the properties, has the right to repurchase one-half (that is, 1.0 per cent) of the NSR at any time for a one-time cash payment of $1-million.

An additional payment of $1-million, payable in cash or shares, at the election of Northern Superior, shall be payable to TomaGold in the occurrence of certain events, as detailed in the asset purchase agreement and the press releases of the company issued on June 16, 2025, and July 11, 2025.

"This is an important transaction for TomaGold. It will enable us to begin our planned, fully permitted exploration programs on our core properties in the Chibougamau mining camp, including Obalski, Berrigan, Radar, David and Dufault, and contribute to the development of this reemerging mining camp," said David Grondin, chief executive officer of TomaGold.

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, where it holds interests and agreements to acquire 13 properties, including its wholly owned Obalski project. TomaGold also owns a 100-per-cent interest in the Brisk Extension 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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