Update on Drilling on Chibougamau's Berrigan Mine Asset

• Chibougamau Independent Mines reports drilling results from Tomagold Corporation on the Berrigan Mine claims under option, identifying new mineralization zones in both historical and lower zones.
• Drill holes TOM-25-014 and TOM-25-015 intersected high-grade zinc and gold equivalents (ZnEq/AuEq).
• Hole TOM-25-014 returned 2.10m @ 28.69% ZnEq (6.73 g/t AuEq) from 185.00m.
• Hole TOM-25-015 returned 98.50m @ 5.75% ZnEq (1.34 g/t AuEq) in the new lower zone, including high-grade sub-intervals up to 26.67% ZnEq.
• Phase 2 drilling extensions are underway with plans for large-scale geophysical surveys (BHEM, UTEM, AMT).
• The program focuses on extending drill holes TOM-25-009 through TOM-25-013 to test core of modelled conductive plates at depth.

• Confirmation of Thesis: The results confirm the "Berrigan Deep" zone hypothesis established in January 2026, validating the exploration strategy rather than introducing a completely new paradigm.
• Incremental Value: While grades are high (up to 41.79% ZnEq), this is part of an announced Phase 2 program initiated in March 2026; therefore, it is largely priced into expectations for this stage of exploration.
• No Strategic Shift: There is no mention of new financing, major acquisition, or change in option terms that would alter the capital structure significantly at this time.
• Risk Mitigation: The systematic mineralization observed reduces geological risk on the Berrigan asset but does not yet confirm economic viability without a resource estimate update.

• Company: Chibougamau Independent Mines Inc. (TSX-V: CBG).
• Strategy: 100% owned historic gold-copper mining camp in Chibougamau, Quebec with focus on advancing high-quality targets through definition drilling.
• Flagship Project - Berrigan Mine: Zinc-Gold-Silver property under option to TomaGold Corporation. Recent drilling confirms a new semi-massive sulfide zone ("Berrigan Deep") open at depth.
• Secondary Asset - Mont Sorcier: High-purity magnetite iron project where Chibougamau holds a 2% gross metal royalty on production (partnered with Cerrado Gold Inc.).
• Other Assets: Bateman Bay (Copper-Gold), Iron-Vanadium Deposits (North & South Zones).