Toogood completes phase 2 fieldwork at Toogood project

Executive Summary

• Toogood Gold Corp. has completed Phase 2 fieldwork at its 100%-owned Toogood Gold Project in Newfoundland, Canada.
• The program focused on three key areas: geological mapping of the Golden Nugget property, regional soil sampling in the northeastern block, and ground-truthing geophysical targets at the Quinlan zone.
• All assay results from the Phase 2 program remain pending, with data expected to guide drilling plans for 2026.

Key Details

• Project Location: Toogood Gold Project, New World Island, Newfoundland, Canada (100% owned).
• Program Scope: Phase 2 fieldwork completed over a four-week period in 2025.
• Golden Nugget Property:
  • Targeting an 8.5-kilometre-long high-grade outcrop trend.
  • Subset of 148 historical rock samples grades ≥1 g/t Au, averaging approximately 7 g/t Au.
  • Detailed geological and structural mapping completed along the coastal trend.
  • Historical outcrop samples (n=129) average 7 g/t Au, with select values exceeding 127 g/t Au.
  • Objectives: Refine mineralization controls, verify historical data, and identify extensions of the untested shoreline trend for future drilling.
• Soil Sampling:
  • Continued systematic soil sampling in the underexplored northeastern block.
  • Infill soil sampling grid completed (25-metre sample spacing, 100-metre line spacing).
  • Delineated an open-ended one-kilometre-long soil anomaly from Phase 1.
  • Anomaly is coincident with a prospective fault splay of a regional northeast-trending district-scale structure.
• Geophysical Targets (Quinlan Zone):
  • Ground-truthing of targets from the 2025 deep ground penetrating radar (DGPR) survey.
  • Targets correspond to breaks and reflective discontinuities interpreted as extensions of the felsic dike system hosting the high-grade Quinlan and Titan zones.
• Future Plans:
  • Data from mapping, soil geochemistry, and DGPR validation will be integrated into a 3-D model.
  • Goal is to advance multiple targets to a drill-ready stage for 2026.
• Qualified Person: Colin Smith, MSc, PGeo, CEO and Director (not independent).

Notable Quotes

• "Following a very successful 2025 exploration season, phase 2 marks the next step in systematically expanding our discovery footprint across the Toogood district," stated Colin Smith, chief executive officer of Toogood. "The combination of regional high-grade historical outcrop sampling at Golden Nugget, new geophysical targets at Quinlan and extensive underexplored ground to the northeast translates multiple near-term catalysts as we continue building momentum into 2026."