Mr. David Grondin reports

TOMAGOLD ANNOUNCES CLOSING OF THE FIRST TRANCHE OF ITS PRIVATE PLACEMENT

TomaGold Corp. has closed the first tranche of its previously announced non-brokered private placement for total proceeds of $1,105,000, through the issuance of: (i) 19.3 million common shares of the company on a flow-through basis at a price of five cents per FT share; and (ii) 3.5 million units at a price of four cents per unit. Each unit consists of one common share in the capital of the company and one-half of one share purchase warrant, each entitling the holder thereof to purchase one additional share at eight cents for a period of 24 months from the date of issuance thereof.

In connection with the first tranche of the private placement, TomaGold paid aggregate cash finders' fees of $56,000 and issued 1.12 million finders' compensation warrants to the eligible finders. Each finder's warrant entitles the holder to purchase one share of the company at eight cents per share for a period of 24 months from the date of issuance.

All securities issued in connection with the first tranche of the private placement are subject to a statutory hold period of four months and a day from their issuance. The net proceeds from the sale of the units will be mainly used by the company for general and corporate working capital purposes, with no specific use representing 10 per cent or more of the gross proceeds. The company intends to use the gross proceeds from the sale of the FT shares to incur exploration expenses that are eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada).

An officer of TomaGold (the insider) purchased, directly and indirectly, 750,000 units for a total consideration of $30,000 which constitutes a related party transaction, but is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions as TomaGold's securities are not listed on any stock exchange identified in Section 5.5(b) of MI 61-101 and the fair market value of the shares issued to the insider does not exceed 25 per cent of the company's market capitalization. TomaGold did not file a material change report with respect to the participation of the insider at least 21 days prior to the closing of the private placement as the insider participation was not determined at that time.

Closing of the private placement remains subject to final approval of the TSXV Venture Exchange.

Marketing agreement

TomaGold has engaged the services of OTCWagon (OTCW) for a 38-day market awareness program in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. OTCW will be paid a one-time fee of $10,000. The agreement between the company and OTCW was signed on Nov. 21, 2025, for a 38-day term. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. OTCW and its clients may acquire an interest in the securities of the company in the future.

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.

We seek Safe Harbor.