Mr. David Grondin reports

TOMAGOLD ANNOUNCES PROPOSED PRIVATE PLACEMENT

TomaGold Corp., subject to filings with and approval from the TSX Venture Exchange, intends to complete a non-brokered private placement for gross proceeds of up to $2.25-million. The offering will consist of up to 30 million common shares of the company issued on a flow-through (FT) basis at a price of five cents per FT share and up to 18.75 million units at a price of four cents per unit, each consisting of one common share in the capital of the company and one-half of one share purchase warrant, each entitling the holder thereof to purchase one additional share at eight cents for a period of 24 months from the date of issuance thereof.

The net proceeds from the sale of the units will be mainly used by the company for general and corporate working capital purposes, with no specific use representing 10 per cent or more of the gross proceeds. The company intends to use the gross proceeds from the sale of the FT shares to incur exploration expenses that are eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada). No proceeds from the offering will be used for investor relations purposes nor any payments will be made to non-arm's-length persons or to persons conducting investor relations activities.

The securities issued under the offering, including the shares underlying the warrants, will be subject to a hold period of four months and one day, under applicable Canadian securities laws and the concurrent TSX-V hold period pursuant to the policies of the TSX-V. The offering remains subject to the approval of the TSX-V.

About TomaGold Corp.

TomaGold 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-per-cent 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.

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