Mr. Colin Smith reports

TOOGOOD GOLD ADVANCES ITS QUINLAN GOLD DISCOVERY THROUGH PARTNERSHIP WITH VRIFY'S AI-ASSISTED MINERAL DISCOVERY PLATFORM

Toogood Gold Corp. has formed a partnership with Vrify Technology Inc. to deploy the world's first AI-assisted mineral discovery platform, DORA. This collaboration will directly support the continuing advancement of the company's Quinlan gold discovery. For a detailed overview of the Toogood gold project and the Quinlan discovery, please visit the company's new interactive corporate presentation.

• VRIFY's DORA platform will integrate structural, geochemical and geophysical data from Toogood's Quinlan gold discovery to refine drill targeting and identify new high-potential zones.
• AI-assisted modelling provides greater confidence in delineating mineralized corridors, reducing technical uncertainty and accelerating follow-up drilling.
• Historic drilling in 2022 of the Quinlan discovery intersected visible gold in 15 of 19 holes and multiple high-grade intervals, including:
  • 23.90 grams per tonne Au (gold) over 3.65 metres, including 43.22 g/t Au over 1.95 m;
  • 18.27 g/t Au over 4.25 m, including 70.31 g/t Au over 1.05 m;
  • 9.40 g/t Au over 3.18 m, including 22.76 g/t Au over 1.10 m.
• The mineralization occurs at or near surface, is hosted in a felsic dike extending about 200 metres strike and 120 m down dip and remains open in all directions.

Key highlights

• The Quinlan high-grade gold discovery is located within the underexplored Exploits subzone, on trend with major gold deposits including Equinox Gold's Valentine mine;
• Early exploration success suggests Quinlan could represent a new gold system in Newfoundland;
• DORA, Vrify's AI-assisted mineral discovery platform, employs advanced machine learning alongside Toogood's geological expertise to surface high-probability exploration targets from existing data faster and with greater precision;
• DORA enables rapid interpretation of structural, geochemical and geophysical data to inform smarter drill targeting and reduce exploration risk;
• DORA has proven effective in Newfoundland's Exploits subzone, where it has helped several companies refine their geological models.

For the Toogood gold project, where gold mineralization is strongly influenced by regional features like the Virgin Arm fault, Vrify's approach offers an advantage based upon success with other explorers in the area. By delineating mineralized corridors with greater confidence, it is possible to reduce technical uncertainty and accelerate exploration efforts.

Colin Smith, chief executive officer of Toogood Gold, commented: "With Vrify's powerful DORA platform, we're unlocking deeper insights from our data to advance the Toogood gold project and drive new discoveries across this highly prospective, district-scale land package. Operating in one of Canada's most prolific gold belts, on trend with Equinox Gold's Valentine mine, we believe our partnership with Vrify has the ability to significantly accelerate our path to meaningful discovery."

"Toogood's technical team knows the ground and they know the value of acting on quality data," said Steve de Jong, CEO of Vrify. "We're excited to partner with an ambitious explorer that shares our belief in what's possible when AI and geology work together. Our AI-assisted mineral discovery platform is designed to help innovators like Toogood find what others can't and then tell their story of discovery with credibility and confidence."

Beyond AI-assisted target generation through DORA, Vrify's dynamic 3-D platform, Viz, allows exploration teams to clearly articulate the value of their projects. The Toogood team will leverage these immersive presentations to communicate progress and discoveries with key, connecting the dots between technical insights and strategic impact for investors, boards and analysts alike.

About Toogood Gold Corp.

Toogood Gold is a Canadian exploration company focused on the discovery and development of high-grade gold deposits in Newfoundland. The company's flagship asset, the district-scale (118-square-kilometre) Toogood gold project, is located on New World Island within the highly prospective Exploits subzone, a structurally complex and underexplored district known for significant recent gold discoveries. The project's inaugural drill program in 2022 yielded a high-grade, at-surface gold discovery, intercepting visible gold in 15 of 19 core holes, with mineralization remaining open in all directions. The Toogood gold project is accessible via paved highway and hosts extensive development infrastructure including electrical lines, water and proximity to tidewater.

Qualified person

Colin Smith, MSc, PGeo, a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Smith is not independent and serves as CEO and director of Toogood Gold and owns securities of the company.

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