Mr. Colin Smith reports

TOOGOOD GOLD DGPR SURVEY RESULTS SUPPORT CONTINUITY OF QUINLAN HIGH-GRADE GOLD DISCOVERY

Toogood Gold Corp. has released the results and interpretations from the high-resolution deep-ground penetrating radar (DGPR) survey at the company's 100-per-cent-owned Toogood gold project located in Newfoundland.

Key point summary

• High-resolution DGPR survey completed over the high-grade gold Quinlan discovery to map the gold-hosting felsic dike at depth and under cover;
• Quinlan is a flagship target within Toogood Gold's 164-square-kilometre Toogood gold project, with historic and recent drilling delivering multiple high-grade gold intercepts and visible gold in 25/49 holes to date. Mineralization remains open along strike and at depth;
• DGPR results clearly imaged the felsic dike at depth, with interpretations suggesting the mineralized structure extends greater than 300 metres "m) beyond previous drilling;
• Stepout drill hole 25TG033 validated the interpretation, intersecting the felsic dike over 100 metres along strike from previous drilling (assays pending);
• The results support continuity of a broader gold system at Quinlan rather than a single, isolated zone;
• This technique is scalable across the entire project, where over 50 additional felsic dikes have now been identified, enabling the company to benefit from cost-effective and rapid target evaluation.

Management commentary

"The results of the DGPR survey mark a significant technical milestone for Toogood," stated Colin Smith, chief executive officer of Toogood Gold. "For the first time, we've been able to directly image the felsic dike that hosts the high-grade auriferous Quinlan zone with remarkable accuracy, both at depth and under cover. The successful validation of these results through stepout drilling demonstrates the power of this technology to identify blind extensions of mineralization."

2025 DGPR survey

A high-resolution DGPR survey was completed by Earth Scan Technologies Ltd. across the Quinlan (and Titan) zones to evaluate the effectiveness of DGPR in mapping the key gold-bearing felsic dike and quartz veining beneath cover and at depth. The objective of the program was to enhance subsurface geological interpretation and improve precision in future drill targeting. In total, 1.56 line kilometres were surveyed along seven lines, orientated perpendicular to geological strike.

The results were highly encouraging, with the DGPR data clearly delineating the felsic dike through distinct disruptions in subsurface reflectivity that align well with geological control points. Importantly, Line 3, located over 300 metres north-northeast of previous drilling, identified an interpreted continuation of the dike beneath cover, highlighting the strong potential for expansion of mineralization at Quinlan. To test this interpretation, stepout hole 25TG033 was drilled more than 100 meters along strike to the north-northeast from prior drilling. The hole successfully intersected a sulphide-bearing (pyrite-arsenopyrite) felsic dike at a 25-metre depth, in an area lacking any surface exposure, confirming the accuracy of the DGPR model and demonstrating its capability to map concealed occurrences of the mineralized intrusive. The dike extent remains open in all directions.

These findings collectively confirm the continuity of the felsic dike below surface and suggest that the auriferous intrusive extends deeper and more extensively than previously known. In addition, the data identified multiple branching, bifurcating and intersecting planar geometries, highlighting areas of potential mineral concentration and structural dilation, with several high-priority targets now defined for direct drill testing and model integration.

Follow-up exploration over these prioritized target areas is planned for the 2026 field season, using the DGPR results as a key targeting tool at Quinlan. The survey has highlighted several discrete structures and extensions of the felsic dike under cover that will be systematically tested with a combination of additional surface sampling and targeted stepout drilling.

Qualified person

Colin Smith, MSc, PGeo, a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Smith is not independent and serves as chief executive officer and director of Toogood Gold and owns securities of the company.

About Toogood Gold Corp.

Toogood Gold is a Canadian exploration company focused on the discovery and advancement of high-grade gold deposits in Newfoundland. The company holds a 100-per-cent interest in the district-scale Toogood gold project (164 square km), strategically located within the highly prospective Exploits subzone -- a structurally complex and underexplored gold district that has yielded several recent high-grade discoveries.

The project's inaugural drill program in 2022 delivered a new, at-surface high-grade gold discovery, with visible gold encountered in 15 of 19 holes and mineralization remaining open in all directions1. Follow-up drilling in 2025 continued to expand this system, intersecting visible gold in 10 of 30 holes and further confirming open-ended mineralization along strike and at depth.

The Toogood gold project benefits from exceptional infrastructure, including paved highway access, power lines, fresh water and proximity to deep water ports, positioning the project for efficient, low-cost exploration and development.

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