TomaGold acquires Skyharbour Resources’ Baird property interest in the Red Lake mining camp Corporation enters into existing JV with Goldcorp and New Gold

PRESS RELEASE

TSXV: LOT

TomaGold acquires Skyharbour Resources’ Baird property interest in the Red Lake mining camp

Corporation enters into existing JV with Goldcorp and New Gold

Montreal,  Quebec,  September  29,  2016  -­‐  TOMAGOLD  CORPORATION  (TSXV:  LOT)  (“TomaGold” or   the   “Corporation”)   is   pleased   to   report   the   signing   of   an   agreement   with   Skyharbour Resources  Ltd  (“Skyharbour”)  to  acquire  Skyharbour’s  interest  in  the  Baird  property  in  exchange for  600,000  shares  of  the  Corporation.  As  a  result,  TomaGold  will  hold  a  24.5%  interest  in  the property,  with  New  Gold  Inc.  holding  a  24.5%  interest  and  Goldcorp  Inc.,  as  operator,  owning the  remaining  51%  interest.  The  property  is  currently  subject  to  a  2.0%  net  smelter  return.

The  Baird  property  lies  in  the  central  Red  Lake  gold  belt  six  kilometres  north  of  the  Madsen  Mine and  fourteen  kilometres  southwest  of  the  Goldcorp  Red  Lake  Mine.  The  property  lies  within  the highly  prospective  Balmer  assemblage  of  volcanic  rocks  and  exhibits  structural  and  alteration systems  typical  of  the  Goldcorp  Red  Lake  and  Campbell  mines.  Drilling  in  the  1980's  by  United Reef  on  Baird  returned  assay  values  of  172  g/t  gold  over  1.2  metres  and  19  g/t  gold  over  1.8 metres.  These  showings  were  the  focus  of  Skyharbour's  initial  drill  program.  The  intent  was  to gain  a  greater  understanding  of  the  geologic  setting  where  these  historical  grades  were  present. Skyharbour  completed  a  1,600  metre  drill  program  on  the  Baird  property  in  the  summer  of  2002 with  gold  intersections  of  up  to  10  g/t  gold  over  1.0  metre  encountered  in  what  is  known  as  the North  Shear  Zone.  The  2002  drill  program  also  identified  a  potential  South  Shear  Zone.  Placer Dome   then   earned   a   51%   interest   in   the   property,   which   Goldcorp   acquired   (Source:   Baird Property  2003  Driliing  Program,  David  J.  Busch,  P.Geo.,  March  3,  2004).

“This  new  acquisition  fits  our  business  model  of  acquiring  properties  that  are  under  JVs  with majors,  and  that  are  located  in  known  mining  camps,”  said  David  Grondin,  President  and  CEO  of TomaGold.  “We  now  hold  interests  in  two  promising  properties  in  the  Red  Lake  mining  camp, Baird  and  Sidace  Lake,  and  continue  to  be  on  the  lookout  for  projects  that  we  believe  have  a strong  exploration  potential.”

A  finder's  fee  of  60,000  shares  of  TomaGold  is  payable  to  Transcend  Capital  Inc.

This  acquisition  is  subject  to  regulatory  approval.  The  shares  issued  pursuant  to  the  acquisition will  be  subject  to  a  hold  period  of  six  months  following  the  closing  date.

The  technical  content  of  this  press  release  has  been  reviewed  and  approved  by  André  Jean,  Eng., a  qualified  person  as  defined  by  National  Instrument  43-­‐101.

About  TomaGold  Corporation  

TomaGold  Corporation  is  a  Canadian-­‐based  mining  exploration  company  whose  primary  mission is  the  acquisition,  exploration  and  development  of  gold  projects  in  Canada  and  abroad.

Contact:

David  Grondin President  and  Chief  Executive  Officer (514)  583-­‐3490 www.tomagoldcorp.com

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