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LOT.V ·

TomaGold Extends East Block Acquisition Term

Corporate Updates

NEWS RELEASE

TSXV: LOT OTCQB: TOGOF

TomaGold Extends East Block Acquisition Term

Montreal, Québec, February 8, 2024 ‒ TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF)

(“TomaGold” or the “Corporation”) wishes to inform its shareholders that it has extended the “Option to

Purchase” with Chibougamau Independent Mines Inc. (TSXV: CBG) (“Chibougamau”) by 45 days to allow

completion of due diligence and secure financing to acquire Chibougamau’s East Block copper-gold

properties. The initial transaction was announced in the press releases dated August 14, 2023, September

13, 2023 and September 18, 2023.

About TomaGold

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged

in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and

lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In

addition to the recent agreements to acquire 20 properties in the camp, the Corporation holds interests in

five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur

and Doda Lake.

TomaGold also owns a 100% interest in a lithium property and in the Star Lake rare earth elements

property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property,

located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and

New Gold Inc.

Contact:

David Grondin

President and Chief Executive Officer

(514) 583-3490

www.tomagoldcorp.com

Neither the TSX Venture Exchange nor its regulation 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. Some of the statements

contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-

looking statements can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”,

“suggests” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”,

“should”, “might” or “will” be taken, occur or be achieved. Forward-looking statements are not historical facts and are

subject to a number of risks and uncertainties beyond the Corporation’s control. Readers are cautioned that such

statements are not guarantees of future performance and that actual results and developments are likely to differ, and

may differ materially, from those expressed or implied by the forward-looking statements contained in this press release.

Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no

obligation to publicly update or revise any forward-looking statements, except as required by law.