TomaGold Completes Initial Two-Year SOQUEM Option Commitments and Provides Corporate Update
TSXV: LOT OTCPK: TOGOF PRESS RELEASE
TomaGold Completes Initial Two-Year SOQUEM Option
Commitments and Provides Corporate Update
Montreal, Québec, November 20, 2025 ‒ TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF)
(“TomaGold” or the “Company”) is pleased to announce that it has fulfilled all acquisition commitments
for the first two years of its option agreements with SOQUEM to acquire a 100% interest in the Williams,
David, Brosman, Radar, Dufault, McKenzie and Bruneau properties. This achievement marks continued
steady progress across the Company’s Chibougamau project portfolio. TomaGold also wishes to provide
an update on recent corporate and exploration activities.
Exploration Work Update
TomaGold is awaiting the final geophysical survey report and assay results for the eight drill holes
completed on the David Project. Results are also pending for five drill holes from the Berrigan Mine Project,
as disclosed in the Company’s October 22, 2025 press release.
The Company is also preparing a winter drilling program for the Radar Project, where 26 high-priority
targets have been identified.
In addition, TomaGold has staked 49 new claims located between the Berrigan Mine property and the
David and William properties, e]ectively consolidating and connecting the western portion of its
Chibougamau land package. Preliminary exploration work on these newly acquired claims is planned for
2026.
Financing and Contingent Payment Update
TomaGold is pleased to report that the $2,250,000 proposed financing announced on November 7, 2025
is advancing well, with a first closing expected shortly.
Regarding the $1,000,000 contingent payment owed to TomaGold following the sale of its Hazeur, Monster
Lake East and Monster Lake West properties (announced on October 22, 2025), developments continue
to advance positively. Northern Superior Resources Inc. reported on November 17, 2025 that it has filed
and is in the process of mailing its management information circular and related materials for its special
meeting of shareholders scheduled for December 10, 2025.
Victim of Financial Fraud
The Company was recently the victim of a sophisticated financial fraud totaling US$300,000. The scheme
was carried out by external parties operating out of Singapore, Geneva and Milan. TomaGold is taking all
appropriate measures, including working closely with law enforcement authorities in Montréal and Milan,
to investigate the matter and pursue all avenues to bring the perpetrators to justice.
While regrettable, this incident does not a]ect TomaGold’s ongoing operations and has no impact on the
strong potential of its mining projects in Chibougamau, Québec.
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CIM Transaction Update
Further to the September 22, 2025 press release announcing the closing of the Chibougamau
Independent Mines Inc. (“CIM”) option agreement, final approval from the TSX Venture Exchange remains
contingent on TomaGold filing a NI 43-101 technical report on the CIM Properties. The report is almost
completed and will be completed and submitted in a timely manner.
The technical content of this press release has been reviewed and approved by Jean Lafleur, P .Geo., the
Company’s Vice President of Exploration and a qualified person under National Instrument 43-101.
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
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.