Mr. David Grondin reports

TOMAGOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED FLOW-THROUGH PRIVATE PLACEMENT, NEW PRIVATE PLACEMENT AND GRANT OF STOCK OPTIONS

TomaGold Corp. has closed its previously announced non-brokered private placement for total proceeds of $348,075.45. The oversubscribed private placement was completed through the issuance of 5,355,007 common shares of the company on a flow-through (FT) basis at a price of 6.5 cents per FT share.

In connection with the private placement, TomaGold paid aggregate cash finders' fees of $9,617.27 and issued 96,173 finders' compensation warrants to the eligible finders. Each finder's warrant entitles the holder to purchase one common share of the company at 10 cents per common share for a period of 24 months from the date of issuance.

All securities issued in connection with the private placement are subject to a statutory hold period of four months and a day from their issuance. 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).

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

New private placement

The company also announces that, subject to filings with and approval from the TSX-V, it intends to complete a non-brokered private placement for gross proceeds of up to $150,000. The offering will consist of up to 2,727,273 units at a price of 5.5 cents per unit, each consisting 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 10 cents for a period of 24 months from the date of issuance thereof.

The net proceeds from the sale of the units will be mainly used by the company for general and corporate working capital purposes.

The securities to be issued under the offering, including the shares underlying the warrants will be subject to a hold period of four months and one day, under applicable Canadian securities laws and the concurrent TSX-V hold period pursuant to the policies of the TSX-V. The offering remains subject to the approval of the TSX-V.

Grant of stock options

The company has granted an aggregate of 9.75 million stock options under its stock option plan to directors, officers and consultants of the company, entitling them to acquire the same number of common shares of the company at a price of 6.5 cents per share for a period of five years.

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 (REE) projects in the James Bay region, strategically positioned near significant recent discoveries.

We seek Safe Harbor.