TomaGold to Receive $1,000,000 Contingent Payment From Sale of Hazeur, Monster Lake East and Monster Lake West Properties The Company Also Reports Progress from Its Chibougamau Drilling Program
TSXV: LOT OTCPK: TOGOF PRESS RELEASE
TomaGold to Receive $1,000,000 Contingent Payment From Sale of
Hazeur, Monster Lake East and Monster Lake West Properties
The Company Also Reports Progress from Its Chibougamau Drilling Program
Montreal, Québec, October 22, 2025 ‒ TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF )
(“TomaGold” or the “Company”) is pleased to announce that, further to its June 16, July 11 and July 18,
2025 news releases 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 expects to receive the $1,000,000 contingent consideration provided for under the transaction
terms, upon closing of Northern Superior’s announced acquisition by IAMGOLD Corporation (the “NS
Acquisition”).
Under the definitive asset purchase agreement disclosed on July 11, 2025, TomaGold was entitled to an
additional $1,000,000 payment in cash or shares (at the purchaser’s election) upon a change of control
whereby the purchaser (or any successor entity) is acquired by a third party with a minimum deemed
market capitalization of $2 billion. The announced terms of the NS Acquisition would satisfy this
contingent consideration condition.
In addition to the contingent payment, TomaGold retains a 2.0% net smelter returns (NSR) royalty on all
mineral production from the Properties. The purchaser (or any successor entity) 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.
“We congratulate Northern Superior on this significant transaction with IAMGOLD, which not only
validates the value of their assets but also highlights the strength of the Chibougamau Mining Camp as a
whole,” said David Grondin, President and CEO of TomaGold. “For TomaGold, this non-dilutive contingent
payment reinforces the value of our earlier agreement and further confirms the strategic potential of our
current properties, where drilling is actively progressing.”
Chibougamau Drilling Program Update
TomaGold has completed an initial 4,420 metres of diamond drilling at the end of Q3 2025 within the
Chibougamau copper-gold mining camp. This initial program comprised 2,615 metres across eight holes
on the David Project (Table 1 and Figure 1) , optioned from SOQUEM, and 1,805 metres across five holes
on the Berrigan Mine Project (Table 2 and Figure 2) , optioned from Chibougamau Independent Mines.
Assay results are pending.
Table 1. Completed diamond drill holes at David Project (2,165 m)
Property Azimuth (°) Dip (°) Length (m) UTM Easting UTM Northing Elevation (m)
David Project
TOM-25-001 130 -55.0 335 539390 5527480 389
TOM-25-002 140 -55.0 300 539995 5527570 405
TOM-25-003 255 -45.0 305 539995 5527580 410
2
TOM-25-004 170 -55.0 245 540290 5528262 400
TOM-25-005 230 -55.0 360 540290 5528260 400
TOM-25-006 130 -55.0 335 539590 5528070 390
TOM-25-007 180 -50.0 305 539590 5528070 390
TOM-25-008 90 -50.0 430 539390 5527480 390
Figure 1. Location map of the eight completed diamond drill holes on the David Project
Table 2. Completed diamond drill holes at Berrigan Mine Project (1,805 m)
Property Azimuth (°) Dip (°) Length (m) UTM Easting UTM Northing Elevation (m)
Berrigan Mine Project
TOM-25-009 130 -55 275 542370 5532595 395
TOM-25-010 130 -55 250 542420 5532645 390
TOM-25-011 130 -55 415 542320 5532730 390
TOM-25-012 130 -60 410 542410 5532750 390
TOM-25-013 180 -55 455 542410 5532750 390
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Figure 2. Location map of the five completed diamond drill holes on the Berrigan Mine Project
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
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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.