TomaGold completes option commitments, amends deal

Executive Summary

• TomaGold Corp. has fulfilled all acquisition commitments for the first two years of its option agreement with Chibougamau Independent Mines Inc., securing a 100% interest in the Berrigan mine, Berrigan South, Antoinette Lake, Elaine Lake, and Gwillim properties.
• The company has received final approval from the TSX Venture Exchange for the CIM option agreement previously announced in September and November 2025.
• TomaGold amended its option agreement with Globex Mining Enterprises Inc. to extend the exploration expenditure requirement for the Gwillim group of claims from the second to the third anniversary date.

Key Details

• Chibougamau Independent Mines Option:
  • TomaGold fulfilled all acquisition commitments for the first two years of the option agreement.
  • The company now holds a 100% interest in the following properties: Berrigan mine, Berrigan South, Antoinette Lake, Elaine Lake, and Gwillim.
  • TSX Venture Exchange final approval was received for this transaction.
• Globex Mining Enterprises Amendment:
  • Amendment to the option agreement dated Aug. 11, 2023 (last amended Sept. 19, 2025).
  • TomaGold retains the right to acquire up to 100% interest in the Gwillim group of claims.
  • Exploration expenditure requirement originally due on the second anniversary date has been extended to the third anniversary date.
• Correction of Stock Options:
  • Correction to a Dec. 31, 2025 news release regarding the number of stock options granted.
  • Corrected figure: 11.15 million options (previously reported as 9.75 million).

Notable Quotes

• "We are pleased to have achieved this milestone in acquiring these properties within the highly prospective Chibougamau mining camp, and we look forward to receiving the next batch of drilling results from the Berrigan mine project," said David Grondin, president and chief executive officer of TomaGold.