Mr. Colin Smith reports

TOOGOOD GOLD DEFINES KILOMETRE-SCALE GEOPHYSICAL GOLD TARGETS ALONG EPITHERMAL VEIN CORRIDORS AT TABLE MOUNTAIN, NEVADA

Toogood Gold Corp. has integrated results from ground gravity and drone magnetic surveys, together with initial results from continuing controlled-source audio frequency magnetotelluric surveying, at its Table Mountain gold-silver project in Lincoln county, Nevada.

"Multiple independent data sets are converging on the same compelling targets at Table Mountain," stated Colin Smith, chief executive officer and director. "Our gravity and magnetic targets extend over several kilometres and coincide with major faults, intense alteration, widespread epithermal quartz veins and encouraging geochemistry. Initial CSAMT results now add a clearer picture beneath the surface, supporting the interpretation that these structures extend to depth. This convergence gives us a clear focus for our maiden drill program, with multiple priority targets and encouraging depth potential beyond the shallow zones we plan to test first."

Highlights:

• Multiple geophysical targets across three major kilometre-scale corridors: Overlapping magnetic and gravity anomalies highlight priority drill targets along the Widowmaker, Pacifico and east-northeast/west-southwest structural corridors.
• Strong geological support: The targets coincide with major mapped faults, intense silicification, hydrothermal breccias and epithermal gold-silver quartz veins.
• Initial CSAMT supports major structural targets: Results support the interpretation that key structures mapped at surface extend to depth, strengthening their priority for maiden drilling.
• Well-defined targets for maiden drilling: Geological mapping, geophysics and rock geochemistry converge on priority gold-bearing corridors, providing a clear focus for drilling.
• Assays and drill permitting: Rock and soil assays are pending while the company advances the Bureau of Land Management notice of intent process with SWCA Environmental Consultants for maiden drilling.

Ground gravity and unmanned aerial vehicle magnetic results

The gravity survey delineates a broad positive anomaly, approximately four kilometres by two kilometres, that closely coincides with Table Mountain's spectrally mapped hydrothermal alteration footprint. Field observations document intensely silicified volcanic rocks, silica-cemented hydrothermal breccias and extensive veining within this footprint.

The UAV magnetic survey delineates multiple kilometre-scale magnetic lows and pronounced magnetic gradients associated with the Widowmaker, Pacifico and east-northeast/west-southwest structural corridors. These features overlap discrete gravity highs, and coincide with mapped faults, intense silicification and epithermal veins.

Coincident gravity highs and magnetic lows are recognized exploration criteria in low-sulphidation epithermal gold-silver systems (Christie et al., 2019; Kellett and Bromley, 2019). At Table Mountain, the combined response is consistent with increased rock density through silica addition and pore space filling, accompanied by hydrothermal destruction of magnetite (Allis, 1990).

Initial CSAMT results

Zonge International is conducting approximately 15 line kilometres of CSAMT surveying across priority target trends. Initial results from Line 2 help define the Widowmaker, Pacifico and east-northeast/west-southwest corridors at depth through prominent resistive features and sharp resistivity contrasts. Their interpreted positions align with epithermal veins, intense alteration, previously reported rock geochemistry, and coincident gravity highs and magnetic lows, strengthening their priority for maiden drilling.

Next steps

The company will complete the CSAMT survey and integrate the results with geological mapping, soil and rock geochemistry, gravity, and magnetics to refine drill targets. Initial targeting will prioritize mapped veins, fault intersections, bends and areas of intense alteration, with geophysical results helping assess their subsurface geometry.

Survey methods

Magee Geophysical Services LLC completed the ground gravity survey, comprising 1,688 stations on a 100-metre-by-100-metre grid. MWH Geo-Surveys International Inc. completed approximately 780 line kilometres of UAV magnetic surveying along northwest-southeast lines spaced 25 metres apart.

Wave Geophysics completed final processing and 3-D inversion modelling of the gravity and magnetic data sets. Two-dimensional products include complete Bouguer and residual gravity maps, total magnetic intensity and reduced-to-pole magnetic maps, and vertical-derivative and tilt products. These products and the 3-D models support interpretation of subsurface density and magnetic-property contrasts, geological boundaries, and structural controls on alteration.

Zonge International is conducting approximately 15 line kilometres of scalar CSAMT surveying. The initial Line 2 section uses 50-metre receiver dipoles and a 1,500-metre transmitter bipole. Results are presented as a 2-D resistivity inversion model.

The geophysical interpretations incorporate comparison with geological mapping, spectral alteration data and rock geochemistry. Interpretations remain preliminary: Differences in rock type may also contribute to the responses, and modelled features do not establish the presence, grade or continuity of mineralization.

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 of the company as he serves as its chief executive officer and director and owns securities of the company.

About Toogood Gold Corp.

Toogood 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 underexplored gold district with multiple target areas and demonstrated gold prospectivity.

We seek Safe Harbor.