TomaGold to receive $1M contingent payment from sale

Executive Summary

• TomaGold Corp. expects to receive a $1,000,000 contingent payment from Northern Superior Resources Inc. (NSR) following NSR's announced acquisition by Iamgold Corp., satisfying the change-of-control clause in the asset purchase agreement for the Hazeur, Monster Lake East, and Monster Lake West properties.
• The company retains a 2.0% Net Smelter Return (NSR) royalty on the sold properties, with NSR holding the right to repurchase 1.0% of this royalty for a one-time cash payment of $1,000,000.
• TomaGold completed an initial diamond drilling program in the Chibougamau mining camp during Q3 2025, totaling 4,420 metres across the David and Berrigan projects, with assay results currently pending.

Key Details

• Contingent Payment Terms: TomaGold is entitled to an additional $1,000,000 in cash or shares (at purchaser's election) upon a change of control where the purchaser is acquired by a third party with a minimum deemed market capitalization of $2 billion.
• Transaction Context: The payment is triggered by Northern Superior Resources Inc.'s acquisition by Iamgold Corp., which satisfies the $2 billion market cap condition.
• Royalty Structure: TomaGold retains a 2.0% NSR on all mineral production from the Hazeur, Monster Lake East, and Monster Lake West properties.
• Royalty Repurchase Option: The purchaser (or successor) has the right to repurchase 1.0% of the NSR at any time for a one-time cash payment of $1,000,000.
• Drilling Completion (Q3 2025):
  • Total metres drilled: 4,420 metres.
  • David Project: 2,615 metres across 8 holes (optioned from Soquem).
  • Berrigan Mine Project: 1,805 metres across 5 holes (optioned from Chibougamau Independent Mines).
• Assay Status: Assay results for the Chibougamau drilling program are pending.
• Qualified Person: Jean Lafleur, PGeo, Vice-President of Exploration, reviewed and approved the technical content.

Notable Quotes

• "We congratulate Northern Superior on this significant transaction with Iamgold, which not only validates the value of their assets but also highlights the strength of the Chibougamau mining camp as a whole," said David Grondin, president and chief executive officer of TomaGold. "For TomaGold, this non-dilutive contingent payment reinforces the value of our earlier agreement and further confirms the strategic potential of our current properties, where drilling is actively progressing."