Mr. Colin Smith reports

TOOGOOD GOLD CORP. APPOINTS LEE HESS AS VICE PRESIDENT, EXPLORATION

Toogood Gold Corp. has appointed Lee Hess, MSc, as vice-president, exploration.

Mr. Hess will lead exploration strategy, geological modelling and target generation, with a primary focus on defining high-priority maiden drill targets at the Table Mountain project in Nevada and advancing district-scale exploration at the Toogood gold project in Newfoundland. He will also support the evaluation and generation of growth opportunities throughout the Americas. Jo Price will transition from vice-president, exploration, to an advisory role and will continue to provide strategic guidance in support of the company's exploration programs.

Management commentary

"I first had the opportunity to work with Lee at SSR's Seabee gold operation and can personally attest to his exceptional technical abilities. He is a highly regarded structural geologist with extensive experience generating and advancing targets in the Great Basin and other prolific epithermal gold-silver districts across North and South America," stated Colin Smith, chief executive officer of Toogood Gold. "His deep background in structurally controlled gold systems and project generation will further strengthen our disciplined approach to portfolio growth, and we are very pleased to welcome him to the team."

"I am excited to join Toogood at this pivotal stage of growth," commented Mr. Hess, VP, exploration. "Table Mountain exhibits the hallmarks of a structurally controlled, district-scale low-sulphidation epithermal gold-silver system in Nevada's Great Basin. I look forward to integrating structural interpretation with high-impact systematic exploration to rapidly define and prioritize high-quality maiden drill targets, while continuing to advance district-wide exploration at the Toogood gold project in Newfoundland."

Lee Hess, vice-president, exploration (MSc)

Mr. Hess brings 15 years of experience focused on structurally controlled gold systems across North and South America, most recently serving as senior geologist, global project generation with SSR Mining Inc. In that role, he led generative exploration and technical due diligence initiatives across Canada, the United States and Argentina, with particular emphasis on the Great Basin. In Nevada, he advanced multiple greenfield concessions to drill-ready status and completed multiyear lithologic and structural mapping campaigns at the Marigold mine complex (greater than five Moz (million ounces) Au (gold) produced; approximately 2.9 Moz Au in mineral reserves and 2.1 Moz Au in mineral resources, based on SSR public disclosures, as of Dec. 31, 2024), which aimed to delineate sulphide mineralization.

Mr. Hess has also managed brownfield and greenfield exploration for several low- to intermediate-sulphidation epithermal systems in Argentina, including Chinchillas, Pirquitas and Cortaderas, as well as orogenic greenstone deposits in Saskatchewan, including Seabee, Santoy, Fisher and Porky.

Mr. Hess holds a master of science degree from the University of Nevada, Las Vegas, focused on structural geology and tectonics of the southern Cordillera.

The company intends to grant 250,000 stock options exercisable at a price of 11 cents for five years and 150,000 restricted share units (RSUs) to Mr. Hess subject to vesting in accordance with its equity incentive plan. The grant of the options, RSUs and the appointment of Mr. Hess are subject to TSX Venture Exchange approval.

About Toogood Gold Corp.

Toogood Gold is a Canadian exploration company focused on the discovery and advancement of high-grade gold systems in Tier 1 mining jurisdictions. The company has two core areas of focus: the Table Mountain project in Nevada, a large, undrilled low-sulphidation epithermal system with extensive surface alteration and multiple mineralized vein exposures; and the 100-per-cent-owned, district-scale Toogood gold project (164 square kilometres) in Newfoundland, a highly prospective and underexplored gold district with multiple target areas and demonstrated gold prospectivity.

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