TomaGold

Investor Insight

TomaGold is advancing a portfolio centered on Québec’s Chibougamau Mining Camp, combining owned assets with near-term, catalyst-driven exploration at its optioned Berrigan Mine project. Recent deep drilling and downhole geophysics at Berrigan have identified sulphide mineralization and EM conductors that the company is using to prioritize follow-up targets, while it continues to advance the owned Obalski project and a broader pipeline of Chibougamau-area options.

Overview

TomaGold (TSXV:LOT,OTC:TOGOF) is a Canadian exploration company focused on precious and base metal opportunities, with a primary emphasis on gold and copper in Québec and Ontario. The company’s core assets are located in Québec’s Chibougamau Mining Camp, where it owns the Obalski and Chicot projects and holds options to earn up to 100 percent interests in multiple additional properties, including the Berrigan Mine, David, Radar and Dufault projects. TomaGold also holds a 24.5 percent joint venture interest in the Baird gold project near Ontario’s Red Lake camp, and maintains early-stage lithium and rare earth element (REE) exposure in Québec’s James Bay region.

In January 2026, TomaGold reported deep drilling results from Berrigan Mine, including a broad interval of semi-massive to massive sulphide mineralization in hole TOM-25-015 and described the “Berrigan Deep” zone as open at depth. In February 2026, the company reported results from a borehole electromagnetic (BHEM) survey, stating that modeled conductive plates correlate with mineralization intersected in multiple holes and identifying a priority plate (BER-14C) for follow-up drilling and additional geophysical work.

Company Highlights

Portfolio anchored in Québec’s Chibougamau Mining Camp, combining owned assets (including Obalski and Chicot) with multiple optioned projects that provide pipeline depth. Near-term exploration catalysts focused on Berrigan, supported by recent deep drilling and BHEM interpretation used to prioritize conductors for follow-up. Berrigan Mine: January 2026 drilling highlighted a broad sulphide interval in hole TOM-25-015 and introduced the “Berrigan Deep” zone; February 2026 BHEM interpretation identified a priority conductor (BER-14C) described as open at depth and to the northeast. Obalski is a 100 percent owned project with extensive historical work and multiple zones, providing a second core asset within the company’s Chibougamau footprint. Management describes a disciplined, data-driven reinterpretation of existing datasets, targeted drilling and geophysics to generate technical newsflow and refine targets over time, with the objective of advancing projects toward updated NI 43-101-compliant technical disclosure.

Key Projects

Berrigan Mine Project (Option to Acquire 100 percent)

The Berrigan Mine project comprises 16 claims totaling 483 hectares and is located approximately 4 km NNW of Chibougamau in the Chibougamau Mining Camp. TomaGold holds an option to acquire a 100 percent interest in the property from Chibougamau Independent Mines. The project has a significant historical database and has been the focus of the company’s recent exploration drilling and geophysics. Any historical resource estimates referenced for the project are historical in nature, are not current NI 43-101 compliant, and should not be relied upon.

In January 2026, TomaGold reported drilling results including hole TOM-25-015, which intersected 98.5 metres of semi-massive to massive sulphide mineralization and was presented as a new “Berrigan Deep” zone that remains open at depth. The company also reported additional intervals from drilling designed to test extensions of mineralization at depth. In February 2026, TomaGold reported interpretation from a borehole electromagnetic (BHEM) survey, stating that conductive plates modeled from downhole data correlate with mineralization intersected in holes TOM-25-009 through TOM-25-015. The company highlighted a priority target plate (BER-14C), described as approximately 160 x 300 metres and open at depth and to the northeast, and outlined follow-up steps including additional drilling and EM work.

TomaGold has stated it reverted to reporting elemental assays rather than metal-equivalent grades due to uncertainty around metallurgical recovery assumptions at the current stage of evaluation.

Obalski Project (100 percent owned)

The Obalski project is 100 percent owned and consists of 75 claims totaling 2,724 hectares located roughly 2 km south of Chibougamau. The project hosts multiple mineralized zones and has seen extensive historical exploration and drilling. TomaGold highlights Obalski as a core owned asset within its Chibougamau platform, supported by a large database and multiple target zones that remain open along strike and at depth.

David Project (Option to Earn 100 percent)

The David project consists of 49 claims totaling approximately 20.09 sq km and is located within the Chibougamau camp. The project hosts multiple mineral occurrences and is positioned by the company as part of its broader Chibougamau consolidation strategy.

Radar Project (Option to Earn 100 percent)

The Radar project consists of 14 claims totaling approximately 7.75 sq km and is located north of Chibougamau. The company highlights multiple showings and historical work that support ongoing target development within the district.

Dufault Project (Option to Earn 100 percent)

The Dufault project consists of 14 claims totaling approximately 5.22 sq km and is located north of Chibougamau. The company highlights the project as prospective within the camp and references historical drilling that supports continued evaluation.

Other Assets and Optional Exposure

TomaGold’s portfolio also includes the Chicot project (owned) and additional Chibougamau-area properties (optioned) that provide pipeline optionality. Outside of Chibougamau, the company holds a 24.5 percent joint venture interest in the Baird gold project near Ontario’s Red Lake camp, and early-stage lithium and REE exposure in Québec’s James Bay region through the Star Lake (REE) and Brisk Extension (lithium/REE) projects.

Management Team

David Grondin — President and CEO

David Grondin is a seasoned mining financial entrepreneur and developer with over 25 years of experience in acquiring, financing, and advancing mining assets across the Americas and Europe.

Martin Nicoletti — CFO

Martin Nicoletti is the founder of SKTM Financial and a certified accountant with more than 32 years of corporate experience.

Jean Lafleur — VP Exploration

Jean Lent is a highly skilled professional geologist with 45 years of global experience in mineral exploration, resource evaluation, and project assessment and development.

Michel E. Labrousse — Senior Advisor

For the past twenty years, Michel Labrousse has developed various businesses in investment banking and financial markets in Europe and Asia.

Board of Directors

The board includes David Brousse, Jean-Sébastien Jacquetin and Caitlin Jeffs.