Mr. David Grondin reports

TOMAGOLD COMPLETES INITIAL TWO-YEAR SOQUEM OPTION COMMITMENTS AND PROVIDES CORPORATE UPDATE

TomaGold Corp. has fulfilled all acquisition commitments for the first two years of its option agreements with SOQUEM to acquire a 100-per-cent interest in the Williams, David, Brosman, Radar, Dufault, McKenzie and Bruneau properties. This achievement marks continued steady progress across the company's Chibougamau project portfolio. TomaGold also wishes to provide an update on recent corporate and exploration activities.

Exploration work update

TomaGold is awaiting the final geophysical survey report and assay results for the eight drill holes completed on the David project. Results are also pending for five drill holes from the Berrigan mine project, as disclosed in the company's Oct. 22, 2025, press release.

The company is also preparing a winter drilling program for the Radar project, where 26 high-priority targets have been identified.

In addition, TomaGold has staked 49 new claims located between the Berrigan mine property and the David and William properties, effectively consolidating and connecting the western portion of its Chibougamau land package. Preliminary exploration work on these newly acquired claims is planned for 2026.

Financing and contingent payment update

TomaGold is pleased to report that the $2.25-million proposed financing announced on Nov. 7, 2025, is advancing well, with a first closing expected shortly.

Regarding the $1-million contingent payment owed to TomaGold following the sale of its Hazeur, Monster Lake East and Monster Lake West properties (announced on Oct. 22, 2025), developments continue to advance positively. Northern Superior Resources Inc. reported on Nov. 17, 2025, that it has filed and is in the process of mailing its management information circular and related materials for its special meeting of shareholders scheduled for Dec. 10, 2025.

Victim of financial fraud

The company was recently the victim of a sophisticated financial fraud totalling $300,000 (U.S.). The scheme was carried out by external parties operating out of Singapore, Geneva and Milan. TomaGold is taking all appropriate measures, including working closely with law enforcement authorities in Montreal and Milan, to investigate the matter and pursue all avenues to bring the perpetrators to justice.

While regrettable, this incident does not affect TomaGold's continuing operations and has no impact on the strong potential of its mining projects in Chibougamau, Que.

CIM transaction update

Further to the Sept. 22, 2025, press release announcing the closing of the Chibougamau Independent Mines Inc. (CIM) option agreement, final approval from the TSX Venture Exchange remains contingent on TomaGold filing a National Instrument 43-101 technical report on the CIM properties. The report is almost completed and will be completed and submitted in a timely manner.

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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