Mr. David Grondin reports

TOMAGOLD STARTS AN INDUCED POLARIZATION SURVEY ON THE SOUTHERN PORTION OF THE OBALSKI PROPERTY

TomaGold Corp. has retained the services of Abitibi Geophysics of Val d'Or to conduct an induced polarization (IP) survey over the southern portion of its 100-per-cent-owned Obalski property, located two kilometres south of Chibougamau, Que. In preparation for the survey, the corporation has cut an additional nine kilometres of lines covering the southern portion of the property.

In December, 2021, Abitibi Geophysics conducted an IP survey and produced a preliminary report that demonstrated the presence of large geophysical anomalies to the west and south of the Obalski deposit, right at the edge of the survey grid. The same report also indicated that the geophysical coverage was insufficient, leading the corporation to undertake this new survey and carry out line cutting during the winter of 2021 to 2022.

The new survey will also provide input for the next drilling program, scheduled for June to July, 2022. The integrated results for the December, 2021, and May, 2022, surveys are expected in June, 2022.

Setting up of new media platforms

In the coming weeks, the corporation will roll out new media platforms to enable investors to further engage with TomaGold senior management through webinars, videos and one-on-one meetings. More information on the initiative will be made available in the coming weeks on the corporation's website.

The technical content of this press release has been reviewed and approved by Andre Jean, PEng, 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 two km south of Chibougamau, Que. Discovered in 1928, the Obalski deposit produced 100,273 tonnes at grades of 1.14 per cent copper, 2.08 grams per tonne (g/t) gold and 6.04 g/t silver 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 Corp.

TomaGold 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-per-cent interest in the Baird property near the Red Lake mining camp in Ontario.

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