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TomaGold Creates Advisory Board New advisory board of mining CEOs will provide solid support for the Corporation’s management team

Management Changes

PRESS RELEASE

TSXV: LOT

TomaGold Creates Advisory Board

New advisory board of mining CEOs will provide solid support for

the Corporation’s management team

Montreal,   Quebec,  August  29,  2017  -­‐  TOMAGOLD   CORPORATION  (TSXV:  LOT)  (“TomaGold”   or   the  

“Corporation”)  is  pleased  to  announce  the  creation  of  a  new  advisory  board  consisting  of  Alain  Bureau,  

B.Eng.   (former   CEO   of   Pershimco  Resources),   Jean   Martineau   (CEO   of   Dynacor  Gold   Mines)   and   Robin  

Phinney,  P.Eng.  (former  CEO  of  Karnalyte  Resources).  The  mandate  of  the  advisory  board  will  be  to  assist  

the  Corporation  in  matters  relating  to  acquisitions,  exploration  and  development  strategies.  

“On  behalf  of  the  Board,  I  wish  to  thank  Messrs.  Bureau,  Martineau  and  Phinney  for  agreeing  to  join  our  

newly-­‐created  advisory  board,”  said  David  Grondin,  President  and  CEO  of  TomaGold.  “Their  broad  mining  

knowledge,  expertise  and  networks  will  be  of  great  advantage  to  TomaGold  as  we  seek  to  strengthen  the  

depth  of  our  management  team.  These  CEOs  possess  strong   mining   backgrounds  acquired   through   the  

creation  and  management  of  successful  companies  across  the  Americas.  We  intend  to  make  full  use  of  

their  solid  technical  expertise  to  optimize  the  development  of  our  promising  projects  and  maximize  their  

value  for  the  benefit  of  our  shareholders.”  

Alain   Bureau  has  Canadian   Armed   Forces   officer   training   and   an   engineering   degree   from   the   Royal  

Military  College  of  Canada.  He  has  worked  in  the  mining  and  construction  industry  in  Canada  and  Latin  

America   for   over   20   years.   He   was   involved   in   sizeable   international   projects   in   Chile,   Peru,   Venezuela  

and  the  Dominican   Republic,   and   acted   as  the   plant   construction   manager   during   the   acclaimed  

construction  of  the  Pinos  Altos  mine  for  Agnico  Eagle  in  Mexico.  Mr .  Bureau  was  President  and  CEO  of  

Pershimco  Resources  until  it  successfully  merged  with  Orla  Mining  Ltd.  to  create  a  new  gold  company  in  a  

transaction  valued  at  over  $200  million.  Mr.  Bureau  is  currently  a  resident  of  Panama,  and  remains  highly  

involved  in  the  mining  industry  in  Latin  America  as  a  member  of  the  Mining  Chamber  of  Panama  and  Vice  

President  of  the  Panama-­‐Canada  Chamber  of  Commerce.  

Jean  Martineau  has  worked  in  the  Canadian  mining  industry  for  more  than  25  years  as  a  director  of  junior  

exploration  companies  and  an  investment  broker,  and  has  been  the  CEO  and  President  of  Dynacor  Gold  

Mines  since  the  company  was  listed  on  the  TSX  in  2007.  Over  the  last  20  years,  he  has  focused  on  South  

America   and   has   acquired   in-­‐depth   knowledge  of  the   management   of   natural   resource   companies   in  

South   America.   His   Latin  American   expertise   has   been   of   prime   importance   in   the   development   of  

Dynacor  Gold  Mines’  operations  in  Peru.  Prior  to  work  in  the  mining  industry,  he  worked  in  the  Pulp  and  

Paper  industry  for  more  than  12  years,  where  his  last  assignment  was  in  Venezuela.  

Robin  L.  Phinney,  P.Eng.,  earned  a  chemical  engineering  degree  at  Lakehead  University.  Early  in  his  career  

he   acquired   valuable   experience   in   plant   engineering,   process   development,   product   development   and  

sales  and  marketing,  namely  from  Potash  Corporation  of  Saskatchewan  and  Kaolin  Industries.  In  2002,  he  

co-­‐founded   Whitemud   Resources,   and   then   served   as   its   vice   president   of   engineering   from   2005   to  

2007.   In   2007,   he   founded   Karnalyte   Resources,   where   he   was   President   and   CEO   and   a   director   until  

2014  and  then  as  its  President  and  Chairman  and  a  director  until  2017.    

The   Corporation   has   also   granted   directors,   officers   and   consultants   an   aggregate  of   3,100,000   stock  

options  to  acquire  the  same  number  of  common  shares  of  the  Corporation  at  $0.10  per  share  for  a  period  

of  five  years.  

About  TomaGold  Corporation  

TomaGold   Corporation   is   a   Canadian   mineral   exploration   company   engaged   in   the   acquisition,  

assessment,   exploration   and   development   of   gold   mineral   properties.   To   optimize   its   chances   of  

discovery   and   minimize   its   exploration   risk,   TomaGold   aims   to   develop   high-­‐grade   gold   properties   with  

major   mining   companies.   It   currently  has  joint   venture   agreements  with   IAMGOLD   Corporation   for   the  

Monster  Lake  project,  with  Goldcorp  Inc.  for  the  Sidace  Lake  property,  and  with  Goldcorp  Inc.  and  New  

Gold  Inc.  for   the   Baird   property.  TomaGold   has   interests   in   six   gold   properties   in   northern   Quebec:  

Monster   Lake,   Winchester,   Lac-­‐à-­‐l'Eau-­‐Jaune,   Monster   Lake   East,   Obalski   and   Lac   Cavan   near   the  

Chibougamau  mining  camp.  It  also  holds  a  39.5%  interest  in  the  Sidace  Lake  property  and  a  24.5%  in  the  

Baird   property  near   the   Red   Lake   mining   camp   in   Ontario.   Finally,   it   has   an   option   to   acquire   a   70%  

interest  in  the  Hazeur  property,  at  the  southern  edge  of  the  Monster  Lake  group  of  properties.  

Contact:  

David  Grondin    

President  and  Chief  Executive  Officer  

(514)  583-­‐3490  

www.tomagoldcorp.com  

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

this news release that are not historical facts are "forward-looking statements". Readers are cautioned that any such

statements are not guarantees of future performance, and that actual developments or results may vary materially

from those described in such "forward-looking" statements.