Mr. Colin Smith reports

TOOGOOD GOLD PROVIDES PHASE 1 EXPLORATION UPDATE AT TABLE MOUNTAIN GOLD-SILVER PROJECT, NEVADA

Toogood Gold Corp. has provided an update on its continuing phase 1 exploration program at the Table Mountain gold-silver project, an undrilled low-sulphidation epithermal gold-silver system located in Lincoln county, Nevada.

Highlights:

• Property-wide soil geochemistry program complete, with 6,260 soil samples collected on a northwest-southeast-oriented grid at 100-metre line spacing and 25-metre sample spacing;
• Ground gravity survey completed with 1,688 stations collected on a 100-metre-by-100-metre grid;
• UAV (unmanned aerial vehicle) magnetic survey completed, totalling approximately 780 line kilometres flown at 25-metre line spacing;
• Lidar survey completed, covering the full project area of approximately 15.4 square kilometres;
• Phase 1 prospecting and rock sampling completed, with 88 rock samples collected;
• 1:5,000-scale geological and structural mapping is continuing and nearing completion;
• Initial soil and rock assays, together with final processed and interpreted geophysical and lidar products, are expected in the coming weeks;
• Phase 2 exploration planning is under way, including controlled-source audio-frequency magnetotellurics (CSAMT) and targeted follow-up prospecting and rock sampling;
• Integration of geological, geochemical and geophysical data sets is under way to support drill target generation, together with preparations for drill program permitting.

Management commentary

"The completion of several key components of our phase 1 program marks an important milestone in advancing Table Mountain toward drill readiness," stated Colin Smith, chief executive officer of Toogood Gold. "We are assembling an extensive property-wide data set that includes high-resolution magnetics, gravity, lidar, systematic geochemical sampling and geological mapping. This integrated data set represents the first comprehensive modern assessment of the broader hydrothermal system and will form the foundation for prioritizing targets for follow-up work and future drilling."

"Table Mountain continues to demonstrate the characteristics we would expect from a robust low-sulphidation epithermal system," stated Lee Hess, vice-president of exploration. "Our mapping, together with the newly completed gravity and magnetic surveys, is significantly improving our understanding of the structural framework controlling alteration and mineralization. The emerging interpretation of several large syn-mineral structural corridors reinforces our belief that Table Mountain has the scale and geological setting required to host a significant gold-silver system."

Phase 1 exploration progress

The company's phase 1 program represents the first systematic, property-wide exploration campaign conducted across the Table Mountain project. The program is designed to define the structural, geological and geochemical framework of the project's approximately four-kilometre-by-two-kilometre hydrothermal system and identify high-priority targets for follow-up exploration and drilling.

To date, Toogood has completed soil sampling, ground gravity, UAV magnetic and lidar surveys, together with phase 1 prospecting and reconnaissance rock sampling. Property-wide 1:5,000-scale mapping is nearing completion.

Geological mapping and target development

Detailed 1:5,000-scale mapping led by Mr. Hess is refining the project-scale geological model through field characterization of lithology, alteration zonation, vein textures and structural architecture. This work is focused on defining the fault and vein corridors interpreted to have controlled hydrothermal fluid flow, alteration development and the distribution of low-sulphidation epithermal mineralization across the Table Mountain system.

Phase 1 mapping has documented areas of intense silicification, hydrothermal brecciation and multiple kilometre-scale structural corridors coincident with gold-silver-bearing low-sulphidation epithermal veins and strong pathfinder anomalism, including mercury, arsenic, antimony and thallium, throughout the core of the four-kilometre-by-two-kilometre alteration cell.

Notably, in the northwestern quadrant of Table Mountain, mapping has delineated a structurally controlled vein trend traceable through outcrop, subcrop and float for more than 2.5 kilometres, referred to as the Widowmaker trend. Widowmaker is defined by a regional arcuate fault that bends from north-south to east-northeast to northeast in orientation. At the southwestern extent of the trend, the arcuate vein corridor is intersected by a prominent west-northwest-trending, two-metre-wide, high-level epithermal quartz vein that returned mercury values of 1,335 parts per billion and 462 parts per billion from outcrop rock samples, collected by Orogen Royalties. The intersection of these two vein corridors represents a favourable structural setting for dilation and hydrothermal fluid flow and is considered an important focus for target refinement. At present, the Widowmaker trend represents a primary focus for detailed phase 2 exploration and potential drill targeting.

Several additional targets exist across the epithermal alteration cell and will be refined by pending analytical results from the detailed soil geochemistry program and subsequent mapping.

Next steps and expected catalysts

Over the coming weeks, the company expects to receive initial soil and rock assay results and final geophysical and lidar products. These results will be integrated with geological and structural mapping to identify and rank priority exploration targets across Table Mountain.

Phase 2 exploration planning is under way and is expected to include approximately 20 line kilometres of CSAMT to help map subsurface resistivity contrasts associated with structures, silicification, alteration and potential fluid pathways. Phase 2 work is also planned to include targeted follow-up mapping and sampling, refinement of priority drill targets, and preparations for the company's planned maiden drill program, subject to receipt of required permits and approvals.

Analytical procedures

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

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

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

Quality assurance/quality control

The company has implemented 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 are inserted into the sample stream at regular intervals, representing approximately 6 per cent of total samples, consisting of one CRM, one blank and one field duplicate per 50 samples.

MSALABS 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.

Marketing services agreement

The company further reports that it has entered into an agreement with ATH Media dated July 7, 2026, pursuant to which ATH Media will provide a digital marketing and investor relations campaign. The term of the agreement is for six months for a total fee of $100,000.

Under the agreement, ATH Media will execute a comprehensive campaign, including owned media, social media outreach, paid advertising strategies and targeted outreach across stock-specific platforms.

ATH Media is a marketing and investor relations firm based out of Grand Cayman, Cayman Islands. ATH Media and its principal, Levi Unrau, are arm's length to the company and hold no interest, directly or indirectly, in the securities of the company or any right to acquire such an interest. Mr. Unrau can be reached at info@uncoveredalpha.com. The engagement of ATH Media is subject to the approval of the TSX Venture Exchange.

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-kilometre land package covering a highly prospective and underexplored gold district with multiple target areas and demonstrated gold prospectivity.

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