Mr. David Grondin reports

TOMAGOLD ANNOUNCES AMENDMENTS TO MINING PROPERTY OPTION AGREEMENTS

TomaGold Corp. has entered into amendments with Chibougamau Independent Mines Inc. (TSX Venture Exchange: CBG) and Globex Mining Enterprises Inc. (Toronto Stock Exchange: GMX), to the option agreements dated Aug. 11, 2023, as amended, pursuant to which the company has the right to acquire up to 100-per-cent interest in certain mining properties that currently form the majority of the Chibougamau mining camp, in Quebec, Canada.

Amending agreement with Chibougamau Independent Mines

The amending agreement signed with Chibougamau Independent Mines provides that TomaGold may acquire a 100-per-cent interest in the Berrigan South (Au-Zn (gold-zinc)), Berrigan mine (Au-Ag (silver)-Zn), Antoinette Lake (Zn-Au-Ag), Elaine Lake (Zn-Au-Ag) and Gwillim (Au-Cu) properties (the Chibougamau Independent Mines properties) in consideration of:

• $2.7-million in cash payments, of which $300,000 has been completed, and the balance to be paid as follows: (i) $50,000 upon receipt of the TSX-V approval; (ii) $150,000 no later than Dec. 31, 2025 (the second anniversary); (iii) $200,000 no later than three years after the effective date (the third anniversary); (iv) $500,000 no later than four years after the effective date (the fourth anniversary); (v) $750,000 no later than five years after the effective date; and (vi) $750,000 no later than six years after the effective date (the sixth anniversary);
• $1.85-million in common shares of the company at the VWAP (volume-weighted average price) on the applicable anniversary date, of which $450,000 has been completed by the issuance of nine million consideration shares, and the balance to be issued as follows: (i) $200,000 on the second anniversary; (ii) $200,000 on the third anniversary; (iii) $300,000 on the fourth anniversary; (iv) $350,000 on the fifth anniversary; and (v) $350,000 on the sixth anniversary;
• $5.6-million in expenditures on the Chibougamau Independent Mines properties as follows: (i) $600,000 no later than the second anniversary; (ii) $800,000 no later than the third anniversary; (iii) $1.2-million no later than the fourth anniversary; (iv) $1.5-million no later than the fifth anniversary; and (v) $1.5-million no later than the sixth anniversary.

Amending agreement with Globex

The amending agreement signed with Globex provides that TomaGold may exercise its option to acquire a 100-per-cent interest in the Gwillim group of claims (Au-Ag) (the Globex property) in consideration of:

• $140,000 in cash payments, of which $15,000 has been completed, and the balance to be paid as follows: (i) $15,000 upon receipt of the TSX-V approval; (ii) $10,000 no later than the second anniversary; (iii) $25,500 no later than the third anniversary; (iv) $37,500 no later than the fourth anniversary; and (v) $37,500 no later than the fifth anniversary;
• $131,250 in consideration shares, of which $31,250 has been completed by the issuance of 1,125,000 consideration shares, and the balance to be issued as follows: (i) $25,000 on the second anniversary; (ii) $25,000 on the third anniversary; (iii) $25,000 on the fourth anniversary; and (iv) $25,000 on the fifth anniversary;
• $1.5-million in expenditures on the Globex property as follows: (i) $150,000 no later than the second anniversary; (ii) $150,000 no later than the third anniversary; (iii) $200,000 no later than the fourth anniversary; (iv) $500,000 no later than the fifth anniversary; and (v) $500,000 no later than the sixth anniversary.

Closing of the Chibougamau Independent Mines transaction remains subject to final approval from the TSX Venture Exchange and no further payment will be made until the approval has been issued. The consideration shares are subject to a resale restriction period of four months and one day.

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 junior mining company focused on the acquisition, exploration and development of high-potential precious and base metal projects, with a primary focus on gold and copper in Quebec and Ontario. The company's core assets are located in the Chibougamau mining camp in Northern Quebec, where it owns the Obalski gold-copper-silver project and holds options to acquire 12 additional properties, including the Berrigan mine, Radar, David and Dufault projects. TomaGold also holds a 24.5-per-cent joint venture interest in the Baird gold property near the Red Lake mining camp in Ontario. In addition, the company has lithium and rare-earth element (REE) projects in the James Bay region, strategically positioned near significant recent discoveries.

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