COMMUNIQUÉ DE PRESSE TomaGold Closes its acquisitions of Claims From Torino Power Solutions and the Skyharbour Resources’ Baird Property Interest

TSXV: LOT

TomaGold  Closes  its  acquisitions  of  Claims  From  Torino  Power   Solutions  and  the  Skyharbour  Resources’  Baird  Property  Interest  

Montréal,   Québec,   October   26,   2016   -­‐   TOMAGOLD   CORPORATION   (TSXV:   LOT)   (“TomaGold”   or   the “Corporation”)  is  pleased  to  report  the  closing  of  its  acquisition  of  Skyharbour  Resources  Ltd.’s  interest  in the  Baird  property  in  exchange  for  600,000  shares  of  the  Corporation  at  a  deemed  price  of  $0.15  per share   which   was   announced   by   press   release   on   September   29,   2016.   As   a   result,   TomaGold   holds   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.  A  finder's  fee  of  60,000  shares  of  TomaGold  was  payable  to  Transcend  Capital  Inc.

TomaGold  has  also  closed  the  acquisition  of  six  additional  claims  with  high-­‐grade  gold  values  covering 112.45  hectares  from  Torino  Power  Solutions  Inc.  in  exchange  for  1.2  million  shares  of  the  Corporation  at a  deemed  price  of  $0.15  per  share,  which  was  announced  by  press  release  on  September  26,  2016.  These claims  are  located  in  the  middle  of  the  block  of  claims  held  by  TomaGold  and  Visible  Gold,  on  the  same mineralized  structure  that  the  Company  believes  hosts  the  Philibert  deposit.

The  shares  issued  pursuant  to  both  acquisitions  are  subject  to  a  hold  period  of  four  months  following  the closing  date,  except  those  issued  to  Skyharbour  Resources  Ltd.  which  are  subject  to  a  hold  period  of  six months.  Those  arm’s  length  acquisitions  are  subject  to  the  final  regulatory  approval.

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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