Mr. David Grondin reports

TOMAGOLD TO RECEIVE $1,000,000 CONTINGENT PAYMENT FROM SALE OF HAZEUR, MONSTER LAKE EAST AND MONSTER LAKE WEST PROPERTIES

Further to the June 16, July 11 and July 18, 2025, news releases regarding the disposition of TomaGold Corp.'s wholly owned Hazeur, Monster Lake East and Monster Lake West properties to Northern Superior Resources Inc., the company expects to receive the $1-million contingent consideration provided for under the transaction terms, upon closing of Northern Superior's announced acquisition by Iamgold Corp.

Under the definitive asset purchase agreement disclosed on July 11, 2025, TomaGold was entitled to an additional $1-million payment in cash or shares (at the purchaser's election) upon a change of control whereby the purchaser (or any successor entity) is acquired by a third party with a minimum deemed market capitalization of $2-billion. The announced terms of the NS acquisition would satisfy this contingent consideration condition.

In addition to the contingent payment, TomaGold retains a 2.0-per-cent net smelter return royalty on all mineral production from the properties. The purchaser (or any successor entity) has the right to repurchase one-half (1.0 per cent) of the NSR at any time for a one-time cash payment of $1-million.

"We congratulate Northern Superior on this significant transaction with Iamgold, which not only validates the value of their assets but also highlights the strength of the Chibougamau mining camp as a whole," said David Grondin, president and chief executive officer of TomaGold. "For TomaGold, this non-dilutive contingent payment reinforces the value of our earlier agreement and further confirms the strategic potential of our current properties, where drilling is actively progressing."

Chibougamau drilling program update

TomaGold completed an initial 4,420 metres of diamond drilling at the end of third quarter 2025 within the Chibougamau copper-gold mining camp. This initial program comprised 2,615 metres across eight holes on the David project, optioned from Soquem, and 1,805 metres across five holes on the Berrigan mine project, optioned from Chibougamau Independent Mines. Assay results are pending.

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, and the 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 projects in the James Bay region, strategically positioned near significant recent discoveries.

We seek Safe Harbor.