Mr. Colin Smith reports

TOOGOOD GOLD COMMENCES FIRST-EVER SYSTEMATIC EXPLORATION PROGRAM AT TABLE MOUNTAIN GOLD-SILVER PROJECT, NEVADA

Toogood Gold Corp. has commenced the first-ever systematic, property-wide exploration program (phase 1) at its Table Mountain gold-silver project, located in Lincoln county, Nevada.

Key points summary:

• Phase 1 program under way: systematic, property-wide exploration has commenced at Table Mountain;
• Property-wide soils: over 6,150 soil samples planned on a northwest-southeast-oriented grid covering the full project area;
• Detailed mapping: 1:5,000-scale geological and structural mapping led by vice-president, exploration, Lee Hess, a structural geologist with extensive experience in Great Basin gold systems, including 10 years with SSR Mining's global project generation team;
• Prospecting, rock sampling and spectral program: dedicated property-wide prospecting, rock sampling and hand-held spectral scanning program (targeting 250 rock samples);
• High-resolution ground gravity: 1,673 stations on a 100-by-100-metre (m) grid to define subsurface structural architecture;
• High-resolution drone magnetics: 25 m line spacing (767 line kilometres (km)) to refine structural framework;
• Phase 2 exploration: to commence after completion of phase 1, including controlled-source audio-frequency magnetotellurics (CSAMT) to map deeper resistive features, in conjunction with drill-target-focused follow-up mapping, prospecting and rock sampling;
• Clear path to drilling: phases 1 and 2 designed to deliver ranked drill targets in Q3 (third quarter) 2026.

Management commentary

"Table Mountain represents a rare opportunity to apply modern, systematic exploration to a district-scale, undrilled low-sulphidation epithermal gold-silver system in Nevada," stated Colin Smith, chief executive officer of Toogood Gold. "Lee and I recently returned from field reconnaissance at Table Mountain, and came away very excited by the scale of exposed epithermal veining, the regional structural framework, newly observed unmapped vein occurrences and, ultimately, by the opportunity to evaluate the project for the first time with a modern, integrated exploration program. This phase 1 program is designed to rapidly build the first integrated property-wide data set at Table Mountain and advance the project toward prioritized targets for a maiden drill campaign."

Phase 1 exploration summary

The phase 1 program is designed to establish the first integrated, property-wide exploration data set at Table Mountain. Work will combine systematic soil geochemistry, detailed geological and structural mapping, prospecting, rock sampling, hand-held spectral analysis, and ground gravity and UAV (unmanned aerial vehicle) magnetics to define priority structural corridors, alteration patterns and geochemical anomalies across the project.

The resulting data set will be used to rank targets for phase 2 follow-up work, including CSAMT geophysics and drill-target-focused mapping and sampling, with the objective of advancing Table Mountain toward a maiden drill campaign.

The integrated phase 1 exploration data set is designed to:

• Delineate, extend and refine known kilometre-scale structural corridors;
• Identify new epithermal vein occurrences and prospective structural corridors;
• Define coherent geochemical anomalies across the alteration footprint;
• Constrain structural and geological controls on mineralization;
• Generate and rank drill targets.

Soil geochemistry

Property-wide soil sampling will be conducted by North American Exploration (NAE), comprising over 6,150 samples collected on a systematic grid with 25 m sample spacing along 100 m spaced lines.

The program is designed to delineate coherent gold, silver and multielement epithermal pathfinder anomalies (Sb-As-Hg (antimony-arsenic-mercury) plus or minus Mo (molybdenum)) across the four by two km hydrothermal system. Soil geochemistry will facilitate vectoring along multiple-kilometre-scale structural corridors interpreted as primary fluid conduits for mineralization.

Geological and structural mapping

Detailed 1:5,000-scale geological and structural mapping will be conducted across the property by Mr. Hess, the company's vice-president of exploration. Mapping will focus on vein architecture, structural controls, alteration zonation and epithermal textural relationships to support vectoring toward mineralized structures.

Mr. Hess is a structural geologist with 15 years of experience in Great basin gold systems, including 10 years with SSR Mining's global project generation team, where he advanced multiple Nevada greenfield concessions to drill-ready stage.

Prospecting, rock sampling and spectral scanning

Big Rock Exploration has been engaged to conduct property-wide prospecting and rock sampling, targeting approximately 250 rock samples. All rock samples and key outcrops will be scanned with a hand-held analytical spectral device (TerraSpec Halo), enabling rapid characterization of alteration mineralogy and vectoring toward prospective zones.

Ground gravity survey

Magee Geophysical Services LLC will conduct a high-resolution, property-wide ground gravity survey comprising approximately 1,673 stations on a 100 m by 100 m grid. The survey is designed to support interpretation of basin geometry, structural architecture and potential density contrasts associated with mineralized systems.

Drone magnetic survey

MWH Geo-Surveys International Inc. (MWH) will complete a high-resolution, property-wide UAV magnetic survey, comprising approximately 767 line km at 25 m line spacing. The survey is designed to refine the structural framework, delineate fault corridors and support integration with geological mapping, geochemistry and ground gravity geophysics.

Analytical procedures

All soil and rock samples will be submitted to MSALABS (MSA) in Elko, Nev., for sample preparation, with analytical work conducted at MSA's ISO/IEC 17025-accredited facilities. Sample preparation and analytical procedures will be performed in accordance with industry-standard practices and the laboratory's established quality assurance and quality control protocols.

Soil samples will be prepared using method PRP-757 (drying and screening to minus 80 mesh fraction). Gold will be analyzed by 30-gram fire assay with ICP-ES (inductively coupled plasma emission spectroscopy) finish (FAS-114). Multielement geochemistry will be determined by four-acid digestion with ICP-MS (inductively coupled plasma mass spectroscopy) finish (48 elements), with mercury analyzed separately (IMS-2305 or equivalent ultratrace method).

Rock samples will be prepared using method PRP-910 (drying, crushing, splitting and pulverizing to 85 per cent passing 75 microns). Gold will be analyzed by 30-gram fire assay with ICP-ES finish (FAS-114). Multielement geochemistry will be determined by four-acid digestion followed by ICP-MS analysis, including mercury (IMS-230).

Quality assurance/quality control (QA/QC)

The company will implement a QA/QC program for all soil and rock sampling in accordance with industry best practices. Certified reference materials (CRMs) and blank samples sourced from CDN Resource Laboratories will be inserted into the sample stream at regular intervals, representing approximately 5 per cent of total samples, consisting of one CRM, one blank and one field duplicate per 50 samples.

MSA also conducts its own internal QA/QC procedures in accordance with ISO/IEC 17025-accredited laboratory protocols, including the insertion of standards, blanks and duplicate analyses.

The company will systematically review analytical results, including QA/QC data, to verify accuracy and precision. Any analytical results failing to meet established QA/QC criteria will be subject to investigation and may be reanalyzed or reassayed as appropriate.

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 chief executive officer and director of Toogood Gold, and owns securities of the company.

About Toogood Gold Corp.

Toogood Gold is a Canadian exploration company focused on the discovery and advancement of high-grade gold systems in Tier 1 mining jurisdictions. The company has two core areas of focus: the Table Mountain project in Nevada, where the company has an option to earn a 100-per-cent interest in a large, undrilled low-sulphidation epithermal system with extensive surface alteration and multiple mineralized vein exposures; and the district-scale Toogood gold project in Newfoundland, where the company has an option to earn a 100-per-cent interest in a 164 square km land package covering a highly prospective and underexplored gold district with multiple target areas and demonstrated gold prospectivity.

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