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LOT.V ·

TomaGold Receives $1,000,000 Cash Payment

Corporate Updates

TSXV: LOT OTCPK: TOGOF PRESS RELEASE

TomaGold Receives $1,000,000 Cash Payment

Montreal, Québec, December 19, 2025 ‒ TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF)

(“TomaGold” or the “Company”) is pleased to announce that, further to its news releases dated June 16,

July 11, July 18 and October 22, 2025, regarding the disposition of its wholly-owned Hazeur, Monster Lake

East and Monster Lake West properties (the “ Properties”) to Northern Superior Resources Inc.

(“Northern Superior”), the Company has received a $1,000,000 final cash payment from IAMGOLD

Corporation, which recently acquired Northern Superior.

David Grondin, President and CEO of TomaGold, commented: “We are pleased to receive these additional

non-dilutive funds, which will enable us to further advance and scale our exploration activities across our

Chibougamau projects in 2026.”

TomaGold retains a 2.0% net smelter returns (NSR) royalty on all mineral production from the Properties.

IAMGOLD Corporation has the right to repurchase one half (1.0%) of the NSR at any time for a one-time

cash payment of $1,000,000.

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

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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.