TomaGold's partner IAMGOLD reports further high grade results at Monster Lake Results include 72.17 g/t Au over 2.62 metres and 40.94 g/t Au over 5.32 metres

TomaGold's partner IAMGOLD reports further

high grade results at Monster Lake

Results include 72.17 g/t Au over 2.62 metres and 40.94 g/t Au over 5.32 metres

MONTREAL, June 14, 2018 /CNW Telbec/ - TOMAGOLD CORPORATION (TSXV: LOT)

("TomaGold" or the "Corporation") is pleased to report that IAMGOLD Corporation ("IAMGOLD")

today announced assay results from the 2018 winter drilling program completed at its Monster Lake

joint venture project (currently held by IAMGOLD Corporation: 50%, TomaGold Corporation: 45%,

and Quinto Resources Inc.: 5% on the Monster Lake claims block with IAMGOLD continuing to

advance its option to earn in up to a 75% interest). The project is located 50 kilometres southwest of

Chibougamau, Quebec, Canada. IAMGOLD is reporting the final assay results from all 26 drill holes,

totaling 8,282 metres, completed as part of the initial 2018 program.

The assay results are provided in Table 1 below and include the following highlights:

(A drill hole plan map and longitudinal sections are attached to this news release)

325 - Megane Zone and Main Shear Zone:

Drill hole ML18-212: 3.83 metres grading 23.96 g/t gold

Includes: 1.30 metres grading 67.22 g/t gold

Drill hole ML18-213: 3.84 metres grading 39.24 g/t gold

Includes: 1.09 metres grading 127.4 g/t gold

Drill hole ML18-217: 5.32 metres grading 40.94 g/t gold

Includes: 0.70 metres grading 251.0 g/t gold

Drill hole ML18-225: 2.62 metres grading 72.17 g/t gold

Includes: 1.75 metres grading 107.3 g/t gold

Lower Shear Zone:

Drill hole ML18-224: 4.32 metres grading 32.07 g/t gold

Includes: 0.74 metre grading 134.0 g/t gold

Drill hole ML16-176B Ext : 0.70 metres grading 14.10 g/t gold

The Monster Lake joint venture project hosts an NI 43-101 compliant resource, effective as at

February 26, 2018, comprising 1,109,700 tonnes of inferred resources averaging 12.14 grams of

gold per tonne for 433,300 ounces of contained gold (see news release dated March 28, 2018). The

2018 winter drilling program was designed to improve confidence in the continuity of the

mineralization and to test for extensions of the known mineralized zones. Key objectives of the

drilling program included: infill drilling targeting the upper part of the 325-Megane Zone largely

delineated by only historical drilling; testing for proximal extensions along strike and at depth; and

evaluating newly discovered areas of mineralization within a structure parallel to the Main Shear

Zone and adjacent to the 325-Megane Zone, referred to as the Lower Shear Zone. All of the areas

targeted in this program are best accessed during the winter when the ground is frozen.

Click to view file

Craig MacDougall

, Senior Vice President, Exploration for IAMGOLD, stated: "We continue to be

impressed with both the continuity and the high grades demonstrated by infill drilling of the 325-

Megane Zone. Although confirming resource extensions and expanding additional areas of

mineralization has proved to be challenging for our exploration team, this style of mineralization

remains an attractive exploration target. As I have said before, we believe the structural setting

suggests favourable potential for the occurrence of additional mineralized shoots along the Monster

Lake structural corridor and we continue to evaluate this setting for additional zones of

mineralization."

"The results obtained from this last drilling program continue to show solid high-grade gold potential

for the Monster Lake project, which could translate into additional resources," said

David Grondin

,

President and CEO of TomaGold. "As we continue to see strong results from IAMGOLD, we believe

that this asset could become extremely valuable for TomaGold."

Next Steps

These results will be incorporated into the deposit model and used to update the mineral resources

to guide the next drilling programs. Ongoing geochemical and structural studies will continue to

support exploration targeting. A further round of drilling is being planned to test specific structural

targets which are accessible in the summer season.

About the Monster Lake Project

The Monster Lake project is underlain by Archean volcanic rocks of the Obatogamau Formation and

is traversed by an important deformation corridor and associated gold-bearing mineralized

structures. Historical drilling and exploration by TomaGold have identified a four-kilometre long

structural corridor, along which most of the known gold occurrences discovered to date on the

property are associated, including the Megane Zone.

The Monster Lake project is held under an earn-in option to joint venture agreement with IAMGOLD,

which holds an undivided 50% interest in the property, and holds an option to earn a further 25%

undivided interest, for a total 75% undivided interest in the project, should it spend a total of

C$10.0

million

on the project within a seven year period, beginning

January 1, 2015

. Should a development

decision be made by the joint venture, or should the joint venture declare commercial production,

TomaGold would be entitled to a further

C$1.0 million

payment for each of these events.

On

August 14, 2017

, IAMGOLD subscribed for 27.7 million common shares of TomaGold from

treasury representing 19.98% of the outstanding common shares of TomaGold. The common shares

were purchased at a price of

C$0.09

per common share, for an aggregate purchase price of

C$2.5

million

. Prior to the acquisition, IAMGOLD did not hold any common shares of TomaGold.

Technical Information and Quality Control Notes

The drilling results contained in this news release have been prepared in accordance with National

Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

The "Qualified Person" responsible for the supervision of the preparation and review of this

information is

Marie-France Bugnon

, P. Geo., General Manager Exploration. Marie-France is

considered a "Qualified Person" for the purposes of National Instrument 43-101 with respect to the

technical information being reported on. The technical information has been included herein with the

consent and prior review of the above noted Qualified Person. The Qualified person has verified the

data disclosed, and data underlying the information or opinions contained herein.

The sampling of, and assay data from, the drill core is monitored through the implementation of a

quality assurance - quality control (QA-QC) program designed to follow industry best practice. Drill

core (NQ size) samples are selected by the IAMGOLD geologists and sawn in half with a diamond

saw at the project site. Half of the core is retained at the site for reference purposes. Sample

intervals may vary from half a metre to one and a half metres in length depending on the geological

observations.

Samples are transported in sealed bags to ALS Minerals Laboratory located in

Val-d'Or

, Québec.

Samples are coarse crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95%

passing -150 mesh. ALS Minerals processes analytical pulps directly at their facilities located in

Val-

d'Or

which is ISO / IEC 17025 certified by the Standards Council of

Canada

. Samples are analyzed

using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish. For

samples that return assay values over 5.0 grams per tonne (g/t), another pulp is taken and fire

assayed with a gravimetric finish. Core samples showing visible gold or samples which have

returned values greater than 10.0 g/t are re-analyzed by pulp metallic analysis. IAMGOLD inserts

blanks and certified reference standard in the sample sequence for quality control.

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.

The Corporation is also engaged in gold brokerage activities in

South America

through its subsidiary,

TomaSouth Corporation.

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. 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.

SOURCE

Corporation TomaGold

View original content with multimedia:

http://www.newswire.ca/en/releases/archive/June2018/14/c7609.html

%SEDAR: 00025917E

For further information:

David Grondin, President and Chief Executive Officer, (514) 583-3490

CO: Corporation TomaGold

CNW 07:00e 14-JUN-18