LOT.V · 2022-04-14 12:00:00

TomaGold intersects 1.83 g/t Au over 52.3 m, including 125 g/t Au over 0.5 m at a depth of 350 m at Obalski The Corporation continues to intersect significant gold mineralization at depth

Drill Results

TomaGold intersects 1.83 g/t Au over 52.3 m, including 125 g/t Au over 0.5 m at

a depth of 350 m at Obalski

The Corporation continues to intersect significant gold mineralization at depth

MONTREAL, April 14, 2022 -- TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF) (“ TomaGold” or the

“Corporation”) is pleased to report the last results of its 11,500-metre drilling program on its wholly-owned Obalski property in

Chibougamau, Quebec. In this latest phase, the Corporation drilled five holes for a total of 2,409 m.

Table 1: Best drilling results

Hole Zone Section From

(m)

Length

(m)*

(g/t)

(%)

Depth

(m)

OBS-22-016 A-Po 300+00 E 258.35 283.50 25.15 0.31 0.58 0.06 200

OBS-22-017 C 300+00 E 193.20 194.00 0.80 3.83 8.30 0.42 165

A-Po 297.95 314.90 16.95 0.33 0.09 0.03 260

A-Po 343.90 353.25 9.35 6.07 3.29 0.08 295

Including 349.90 350.80 0.90 60.60 31.80 0.60

OBS-22-018 C 300+00 E 306.85 310.45 3.60 0.43 0.63 0.02 285

OBS-22-019 A-Po 175+00 E 374.70 427.00 52.30 1.83 0.73 0.04 350

Including 423.80 424.30 0.50 125.00 45.80 3.30

* True width is estimated at 65-70% of core length.

“This program was a true success as it allowed us to expand the mineralization at depth on Obalski with significant gold

intersections, further demonstrating the mineral potential of our property,” said David Grondin, President and CEO of

TomaGold. “The upcoming program slated for June will be even more exciting as we will continue to test the extensions of the

mineralization, in addition to drilling anomalies detected to the west of the property following the results of the induced

polarization survey.”

Table 2: Results of the 2021-22 drilling program on Obalski

Hole Zone Section Length

(m)*

(g/t)

(%)

Depth

(m)

OBS-21-001 C 450+00 E 0.65 12.45 17.70 0.53 93

A-Po 0.55 1.93 1.80 - 234

OBS-21-002 C 450+00 E 1.10 1.38 1.39 - 100

A 0.50 67.10 40.10 2.32 205

D 0.90 2.59 3.10 - 236

A-Po 1.10 47.40 87.60 7.06 298

OBS-21-003 A-Po 450+00 E 11.95 0.51 1.84 0.12 276

Including 1.30 1.58 4.80 0.19

Including 1.10 1.20 4.20 0.53

A-Po 0.50 6.35 1.90 - 376

A-Po 7.10 0.26 2.13 - 419

OBS-21-004 A-Po - - - - - -

OBS-21-005 A-Po 120+00 E 4.05 3.01 3.35 - 200

OBS-21-005A A-Po 120+00 E 49.25 0.21 0.19 0.04 374

OBS-21-006 A-Po 120+00 E 1.90 0.24 0.68 - 250

OBS-21-007 A-Po 120+00 E 20.75 0.43 0.29 - 385

OBS-21-008 A-Po 150+00 E 12.55 0.85 1.40 0.11 185

Including A-Po 2.10 3.40 4.73 0.65

OBS-21-009 A-Po 150+00 E 28.50 1.41 0.81 - 200

Including A-Po 1.50 6.84 1.50 -

Including A-Po 4.50 4.03 2.87 -

OBS-21-010 A-Po 150+00 E 45.95 0.32 0.35 - 425

OBS-21-010A A-Po 150+00 E 54.80 0.33 0.20 - 425

Including A-Po 3.50 1.44 0.80 -

OBS-21-011 A-Po 200+00 E 0.50 1.60 2.60 - 210

OBS-21-012 A-Po 200+00 E 27.50 0.39 0.83 - 300

OBS-21-013 A-Po 200+00 E 1.40 0.76 2.10 0.14 450

OBS-21-014 A-Po 250+00 E 8.90 0.62 0.12 - 210

OBS-21-014A A-Po 250+00 E 7.70 0.89 0.32 - 230

OBS-21-015 A-Po 250+00 E 3.20 23.78 16.55 1.00 330

Including A-Po 0.45 167.50 112.00 6.08

OBS-21-015A A-Po 250+00 E 10.50 5.06 3.27 - 360

Including A-Po 0.65 71.00 31.40 -

OBS-22-016 A-Po 300+00 E 25.15 0.31 0.58 0.06 200

OBS-22-017 C 300+00 E 0.80 3.83 8.30 0.42 165

A-Po 16.95 0.33 0.09 0.03 260

A-Po 9.35 6.07 3.29 0.08 295

Including 0.90 60.60 31.80 0.60

OBS-22-018 C 300+00 E 3.60 0.43 0.63 0.02 285

OBS-22-019 A-Po 175+00 E 52.30 1.83 0.73 0.04 350

Including 0.50 125.00 45.80 3.30

* True width is estimated at 65-70% of core length.

Sample preparation and analysis

TomaGold has implemented and is adhering to a strict Quality Assurance/Quality Control program for the current drilling

program. The core is sawed in half, with one half kept as a witness sample in Chibougamau and the other half shipped directly

by bus to ALS Chemex in Val-d’Or, Quebec. ALS grinds the half core to 1/8", split it into two halves and keeps one half as a

witness (reject) in Val-d’Or. ALS pulverizes the other half to minus 150 mesh, takes a 50 g sample for analysis and keeps the

rest, identified as “pulp”.

The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation’s Director

of Exploration and a qualified person under National Instrument 43-101.

About the Obalski property

The Obalski property covers 345 hectares about 2 km south of Chibougamau, Quebec. Discovered in 1928, the Obalski

deposit produced 100,273 tonnes at grades of 1.14% Cu, 2.08 g/t Au and 6.04 g/t Ag from the A zone between 1964 to 1972,

and around 9,000 tonnes at a reported grade of 8.5 g/t Au from the D zone in 1984 (Source: SIGEOM and Camchib

Exploration internal reports).

About TomaGold

TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment,

exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau

mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates

in a joint venture with Evolution Mining Ltd. and New Gold Inc., through which it holds a 24.5% interest in the Baird property,

near the Red Lake mining camp in Ontario.

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.

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