Mr. David Grondin reports

TOMAGOLD ANNOUNCES PROPOSED PRIVATE PLACEMENT

TomaGold Corp., subject to the receipt of all required filings with and approvals from the TSX Venture Exchange, intends to complete a non-brokered private placement for gross proceeds of up to $1.5-million. The offering will consist of up to 10 million flow-through units of the company (FT units) at a price of 7.5 cents per FT unit and up to 12.5 million hard cash units (the HC units) at a price of six cents per HC unit.

Each HC unit will consist of one common share in the capital of the company and one-half of one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of 10 cents for a period of 24 months from the date of issuance. Each FT unit will consist of one common share in the capital of the company that will qualify as a flow-through share for the purposes of the Income Tax Act (Canada) and one-half of one warrant.

The company intends to use the gross proceeds from the sale of the FT units 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). The net proceeds from the sale of the HC units will be used by the company for general and corporate working capital purposes.

The company will pay a finder's fee in cash and issue broker warrants in connection with the offering equal to 6 per cent of the gross proceeds received from subscribers introduced to the company by arm's-length finders.

The securities issued under the offering, including the common 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, if applicable. The offering is subject to the approval of the TSX-V.

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, Brosnan, Radar 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.