TomaGold Announces an Amendment to its Agreement with SOQUEM relating to the Chibougamau Properties

TSXV: LOT OTCPK: TOGOF PRESS RELEASE

TomaGold Announces an Amendment to its Agreement with

SOQUEM relating to the Chibougamau Properties

Montreal, Québec, December 5, 2025 ‒ TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF)

(“TomaGold” or the “Company”) announces that it has entered into an amendment (the “Amendment”)

to the mineral property option agreement dated August 11, 2023 (the “Agreement”) with SOQUEM Inc.

(“SOQUEM”). The Agreement and the Amendment relate to the David, Radar, Dufault, Williams, Brosman,

McKenzie, and Bruneau properties.

TomaGold and SOQUEM have agreed to amend the A greement as follows:

i) The anniversary date for Year 3 is extended to June 1, 2027, for work amounting to $1,250,000;

ii) The anniversary date for Year 4 is set for June 1, 2028, for work amounting to $1,500,000;

iii) The e[ective date of the Agreement is amended so that all obligations (cash payments, share

payments, and work) are adjusted to correspond to the new due dates established above;

iv) It is understood that any future renewal of mining titles must be paid for in cash, failing which the

Agreement will be terminated.

This Amendment will allow TomaGold to defer its work commitments by approximately one year and

optimize the planning of its exploration activities, given the longer-than-expected assay delays, while

providing it with increased financial flexibility. The Amendment remains subject to the approval of the TSX

Venture Exchange.

About TomaGold

TomaGold Corp. (TSXV: LOT, OTCPK: TOGOF) is a Canadian junior mining company focused on the

acquisition, exploration, and development of high-potential precious and base metal projects, with a

primary focus on gold and copper in Quebec and Ontario. The Company’s core assets are located in the

Chibougamau Mining Camp in northern Quebec, where it owns the Obalski gold-copper-silver project and

holds options to acquire 12 additional properties, including the Berrigan Mine, Radar, David, and Dufault

projects. TomaGold also holds a 24.5% joint venture interest in the Baird gold property near the Red Lake

Mining Camp in Ontario. In addition, the Company has lithium and rare earth element (REE) projects in

the James Bay region, strategically positioned near significant recent discoveries.

Contact:

David Grondin

President and Chief Executive Officer

(514) 583-3490

www.tomagoldcorp.com

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Cautionary Statement on Forward-Looking Information

This news release includes certain statements that may be deemed “forward-looking statements” . All

statements in this news release, other than statements of historical facts, that address events or

developments that the Company expects to occur, are forwar d-looking statements. Forward-looking

statements are statements that are not historical facts and are generally, but not always, identified by the

words “expects” , “plans” , “anticipates” , “believes” , “intends” , “estimates” , “projects” , “potential” and

similar expressions, or that events or conditions “will” , “would” , “may” , “could” or “should” occur.

Although the Company believes the expectations expressed in such forward -looking statements are

based on reasonable assumptions, such statements are not guarantees of future performance and actual

results may diDer materially from those in the forward-looking statements. Factors that could cause the

actual results to diDer materially from those in forward-looking statements include the potential results of

exploration and drilling activities, market prices, continued availability of capital and financing, and

general economic, market or business conditions. Investors are cautioned that any such statements are

not guarantees of future performance and actual results or developments may diDer materially from those

projected in the forward-looking statements. Forward-looking statements are based on the beliefs,

estimates and opinions of the Company's management on the date the statements are made. Except as

required by applicable securities laws, the Company undertakes no obligation to update these forward-

looking statements in the event that management’s beliefs, estimates, opinions, or other factors should

change.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.