TomaGold talks survey results at Berrigan mine

Executive Summary

• TomaGold Corp. has interpreted results from a borehole electromagnetic (BHEM) survey at its Berrigan mine project, confirming the existence of the "Berrigan Deep Zone" and validating high-grade intersections previously announced.
• The survey identified 10 conductive plates, with the BER-14C plate specifically extending the mineralization signature of holes TOM-25-014 and TOM-25-015, pointing toward a more conductive zone to the northeast.
• The company plans to drill three new holes (TOM-26-016 to TOM-26-018) to test northeast and depth extensions, conduct follow-up drilling on existing holes, and perform a low-frequency surface EM survey.

Key Details

• Survey Methodology: Conducted by Abitibi Geophysics using Terrascope PRO5U transmitters (up to 15 kW) and a Wildcat generator. A 530-by-560-metre surface loop transmitted a bipolar signal at 30 A. Borehole measurements were taken at 5 Hz and 1 Hz using a GPS-synchronized DigiAtlantis triaxial probe. Data was processed using Maxwell and Oasis Montaj software.
• Geophysical Findings: The model identified 10 conductive plates of varying orientation and size. The results corroborate high-grade intersections already announced and indicate significant extension potential.
• Specific Target: The BER-14C plate extends the mineralization signature of drill holes TOM-25-014 and TOM-25-015, with a vector pointing to an even more conductive zone to the northeast.
• Next Steps - New Drilling: TomaGold plans to drill three new holes (TOM-26-016 to TOM-26-018) to test the northeast and depth extensions of the BER-14C conductive plate.
• Next Steps - Follow-up Drilling: Additional drilling is planned to extend holes TOM-25-010, 011, and 013 to reach modelled targets, plus a corner hole from hole TOM-25-015.
• Next Steps - Surface Survey: A low-frequency surface electromagnetic (EM) survey will be conducted to better define the thickness, continuity, and lateral extent of the mineralized system.
• Historical Context: The Berrigan property consists of 16 claims (483 hectares) north-northwest of Chibougamau. A historical 2001 pre-feasibility study by Met-Chem Canada Inc. estimated 1.39 Mt grading 3.17% Zn and 1.77 g/t Au on the main Berrigan mine zone. This historical estimate is not considered current under NI 43-101 standards.
• Technical Disclosure: Drilling managed by Explo-Logik. Core analysis performed by AGAT Laboratories using fire assay for gold and four-acid digestion/ICP-OES for base metals. Qualified Persons are Jean Lafleur (TomaGold) and Suzie Tremblay (Explo-Logik).

Notable Quotes

• "The geophysics confirm what our drill cores indicated: Berrigan mine sits on a large-scale mineralized system. The BER-14C plate, in particular, extends the mineralization signature of holes TOM-25-014 and TOM-25-015 with a vector pointing to an even more conductive zone to the northeast." — David Grondin, President and CEO