TomaGold provide further details on recent announcement to acquire majority of Chibougamau Mining Camp properties

Main objective to unlock the value of the Chibougamau Mining Camp historical deposits
TomaGold receives conditional approval from the TSX Venture Exchange for these transactions

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to provide further details to the previous release dated August 14, 2023 regarding the properties being acquired pursuant to the agreements signed with SOQUEM Inc. (" SOQUEM "), Chibougamau Independent Mines Inc. (TSXV: CBG) (" CIM ") and Globex Mining Enterprises Inc. (TSX: GMX) (" Globex "), which include a total of 20 mining properties that currently form the majority of the Chibougamau Mining Camp, in Québec, Canada (the " Properties ").

As previously disclosed, in order to acquire the Properties, the Corporation has committed to make global cash payments of $13,805,000, work commitments of $10,425,000, issue 16,625,000 common shares of TomaGold and issue an additional amount of $1,825,000 in common shares of TomaGold over a period of 2 to 5 years in accordance with the specific agreements. Upon signing, TomaGold will be required to make cash payments of $540,000, issue 6,625,000 common shares of TomaGold and issue an additional amount of $25,000 in common shares of TomaGold. TomaGold is currently in advanced discussions with potential financial and mining partners to finance the acquisition, exploration and development of these projects. A summary of the most significant agreements as well as a description of the most significant properties is included below.

David Grondin, President and CEO of TomaGold, stated: "We are thrilled to have received conditional regulatory approval for these property acquisitions, which we believe have the potential to transform TomaGold's profile going forward. This release also allows us to share with our shareholders and potential investors the most relevant technical information on the most significant properties being acquired, while highlighting their exploration potential. As mentioned in our previous press release, our intention is to further consolidate the Chibougamau Mining Camp, which will allow us to unlock its exploration potential and develop the camp more efficiently."

SUMMARY OF 100% EARN-IN AGREEMENT

Chibougamau Independent Mines Inc. West Block Properties Option to acquire a 100% interest in the Berrigan Mine (Au-Ag-Zn), Berrigan South (Au-Zn), Lac Antoinette (Zn-Au-Ag), Lac Elaine (Zn-Au-Ag) and Gwillim (Au-Cu) properties.
	Cash		Work req.		Shares (#)	Shares ($)
Effective date	$	300,000			6,000,000
Year 1	$	50,000	$	600,000		$	150,000
Year 2	$	300,000	$	800,000		$	200,000
Year 3	$	500,000	$	1,200,000		$	300,000
Year 4	$	750,000	$	1,500,000		$	350,000
Year 5	$	750,000	$	1,500,000		$	350,000
TOTAL	$	2,650,000	$	5,600,000	6,000,000	$	1,350,000

The five West Block Properties cover the northwest corner of the Chibougamau mining camp and provide continuity between the west and north blocks of claims being acquired from SOQUEM.

BERRIGAN MINE PROPERTY

The Berrigan Mine property consists of 16 claims totalling 483 hectares located 4 km north-northwest of the town of Chibougamau. All claims are in good standing, with expiry dates of April 28, 2025.

Two historic NI 43-101 Technical Reports have been reviewed and used to write the following sections on the Berrigan and Berrigan South Properties.

Carrier, A. (2022). NI 43-101 Technical Report for the Berrigan Mine Property, Chibougamau, Quebec, Canada. Val-d'Or: InnovExplo.
Larouche, C. (2012). Technical Review (NI 43-101 Compliant) & Evaluation of the Exploration Potential on the Berrigan Gold-Zinc-Silver Project, Chibougamau, QC: Chibougamau Independent Mines.

Geological information was taken from both these reports along with recent exploration results taken from relevant CIM news releases detailed below. The Corporation has not verified the technical data taken from these sources but views the information as relevant and reliable. The Corporation plans to complete a full evaluation of all of the properties being acquired and prioritize exploration to follow up on significant historic results.

Geological setting and mineralization

The property is located within the Archean Abitibi Subprovince of the southern Superior Province in the Canadian Shield. The property provides the Corporation with a strategic land position in the Chibougamau mining camp in the northwestern part of the Abitibi greenstone belt. The property potential is supported by favourable geological and structural setting and the presence of well-documented metallogenic and litho-tectonic elements such as the layered mafic-ultramafic sills of the Cummings Complex, felsic volcanic and volcanoclastic rocks of the Blondeau Formation, and other structures and alterations.

Six priority polymetallic mineral occurrences have been identified on the Berrigan Property; the Main Zone (Zn-Au-Ag ±Pb), South Zone (Zn-Ag ±Au), East Zone (Zn-Ag ±Au), Morrison (Cu-Zn), Wedge (Cu-Zn) and Berrigan-Sud (Ag).

The genesis of the polymetallic mineralization on the property has been described as either VMS or epithermal; however, the presence of both types or a hybrid model may be needed to explain the different styles of documented mineralization. Regardless of the origin of the sulphides on the property, the primary control on mineralization appears to be structural.

The mineralization consists of dissemination, stringers and breccia. Within the breccia, silicified fragments of wall rock are surrounded by quartz-calcite and sulphide and are locally cut by later quartz stringers. The orientation of the fractures is quite variable within the deformation corridor cross-cutting the mafic – ultramafic intrusion (Roberge Sill) and the volcaniclastic rocks of the Blondeau Formation.

Exploration

The initial showing was discovered in 1929 and the property has been explored by a variety of companies since.

Significant exploration since CIM acquired the property in 2013 includes IP and Mag geophysical surveys in 2013, surface mapping and channel sampling in 2017 and drilling in 2013, 2016 and 2022.

Surface mapping and channel sampling focused on three zones, the East, South and Main Zone.

The East Zone was mapped to a 1:50 scale. The outcrop is comprised of a semi-massive mineralized horizon (sphalerite-pyrite-pyrrhotite-galena) with an average width of 1.5 m in a serpentinized-carbonatized-pyroxenite, containing fair amounts of pyrite-pyrrhotite and sphalerite within the sheared areas. This mineralized horizon is dislocated in metric blocks along a shear corridor oriented N 250-260° and dipping 60 to 70° N. The mineralized horizon as well as the shear zone were sampled and a total of 15 samples were collected.

On the South Berrigan showing, several historic trenches were excavated on mineralized shears on the northern edge of Berrigan Lake. These trenches were mapped and 10 samples were collected. The type of mineralization is identical to the one observed on the Eastern Zone, disseminated to semi-massive pyrrhotite-pyrite-chalcopyrite-galena within shear zones oriented N070-N080° to N040°.

The East and South showings are embodied within ENE-WSW shear zones located in a corridor exhibiting an average width of 60 m and a lateral extension of at least 750 m. Within this corridor, several mineralized showings are exposed by historical trenches.

On the Main zone, geological and structural mapping has confirmed that most of the outcrops consist of pyroxenite and dunite belonging to the Roberge Sill. The pyroxenite is massive, medium-grained and either not magnetic or only slightly so, whereas dunite is finer-grained, strongly magnetic and occasionally displays primary bedding parallel to its contacts. A mafic volcanic unit occupies the northern and northeastern parts of the mapped area. This unit is associated with sulphide-rich exhalites (pyrite, pyrrhotite and sphalerite with traces of chalcopyrite). Mineralized zones not associated with exhalites are generally associated with shear zones having two preferential directions: NNE (N020° to N040°) and NNW (N330° to N340°). Sampling and assaying of 44 channel samples confirmed the polymetallic exploration potential of the mineralization on the Berrigan Main Zone.

On September 6, 2017 and October 2, 2017, CIM issued two press releases indicating results of channel sampling on the Berrigan Mine property, with significant results below:

Table 3 – Select Trenching results on Berrigan Mine South, East and Main Zones

Main
Sample	UTM E	UTM N	Length (m)	Au (g/t)	Ag (g/t)	Cu (ppm)	Zn (%)	Pb (%)
E25051	542,520	5,532,591	0.60	1.37	6.20	1 737	5.97	0.20
E25055	542,516	5,532,581	0.75	4.05	6.50	212	3.64	0.06
E25060	542,511	5,532,544	1.30	5.25	107.80	893	6.84	10.05
E25061	542,514	5,532,542	0.70	5.86	119.00	454	10.98	9.34
E25063	542,515	5,532,515	0.90	1.58	48.50	417	3.77	3.83
E25066	542,514	5,532,510	0.95	0.36	19.40	327	2.16	1.56
E25068	542,523	5,532,500	0.55	2.13	43.40	433	5.23	3.59
E25069	542,531	5,532,516	0.85	0.56	24.80	604	5.99	2.16
E25070	542,523	5,532,515	1.10	19.71	289.20	7 162	16.79	17.75
E25071	542,516	5,532,516	0.85	0.54	58.80	1 433	3.13	4.31
E25072	542,527	5,532,526	0.80	2.26	10.50	413	5.74	0.45
E25081	542,542	5,532,537	0.45	0.29	1.30	313	11.41	0.02
South*
Sample	UTM E	UTM N	Length (m)	Au (ppb)	Ag (g/t)	Cu (ppm)	Zn (%)	Pb (ppm)
E25017	542,725	5,532,358	grab	730	2	709	8.24	57
E25019	542,703	5,532,359	grab	201	3.1	1,167	0.63	33
E25020	542,703	5,532,359	grab	1,133	2.1	836	3.55	28
E25025	542,759	5,532,398	grab	330	1.8	308	4.61	47
East*
Sample	UTM E	UTM N	Length (m)	Au (ppb)	Ag (g/t)	Cu (ppm)	Zn (%)	Pb (%)
E25002	542,730	5,532,486	grab	163	3.6	569	4.56	0.01
E25003	543,116	5,532,346	grab	360	144.6	357	3.00	0.11
E25006	543,122	5,532,346	grab	254	4.8	150	4.23	0.06
E25010	543,193	5,532,356	grab	8,172	20.1	592	7.10	0.15

* The Corporation cautions that grab samples are selective by nature and may not be representative of the mineralization on the property.

Historic drilling includes 306 DDH for 41,288 m completed by seven different companies between 1950 and 2022. Significant results from the 306 holes are listed in the table below.

Table 4 – Select intersections from historic drilling on the Berrigan Property**

Company	Drill hole	From (m)	To (m)	Interval (m)	Au (g/t)	Ag (g/t)	Zn (%)
Taché Lake Mines	A-005	131.4	140.2	8.8	6.96		5.70
1951-1968	A-016	18.9	21.2	2.3	6.43		1.51
		76.2	77.7	1.5	8.91		3.45
	A-061	107.1	115.7	8.6	8.14	39.70	6.15
	A-063	113.7	114.3	0.6	49.23	404.64	17.55
		129.4	132.8	3.4	8.88	68.16	8.86
	A-065	121.6	125.7	4.6	6.08	21.56	7.67
		164.7	167.2	2.5	6.95	15.44	3.13
	A-066	100.6	101.8	1.2	36.65	39.73	22.90
		159.8	168.8	9.0	5.19	19.60	6.26
	A-067	157.1	158.2	1.1	10.96		16.75
	A-073	144.8	145.1	0.3	32.88		27.90
	A-084	130.3	142.8	12.5	5.10	17.18	4.58
	A-086	50.9	52.1	1.2	15.07	59.60	7.00
	A-103	56.4	59.4	3.0	11.61		5.84
Canadian Merril	U-02	44.9	45.6	0.7	17.81	89.74	2.95
1969	U-02	90.4	91.4	1.0	26.72	58.91	13.80
	U-03	8.2	16.6	8.4	6.98	20.71	13.09
	U-04	85.9	86.6	0.7	37.68	78.09	7.05
Bitech Corporation	TA-87-27	31.1	32.3	1.2	17.98	37.33	5.60
1987-1990	TA-90-50	65.5	70.1	4.6	6.78	10.12	4.12
	TA-90-50	114.0	129.5	15.5	8.05	23.58	6.57
	TA-90-52	201.2	203.3	2.1	5.70	11.60	5.21
	TA-90-56	164.4	166.9	2.5	6.18		5.23
Chibougamau	BT-13-001	75.60	78.40	2.80	7.25	25.10	7.11
Independent Mines	BT-13-001	105.00	111.50	6.50	2.39	13.70	1.72
2013-2022	BT-13-003	76.80	77.70	0.90	16.94	48.00	9.50
	BT-13-003	141.50	144.80	3.30	2.28	20.30	4.43
	BT-13-003	156.50	158.80	2.30	2.81	4.00	2.31
	BT-13-003	196.40	197.60	1.20	4.97	6.00	1.36
	BT-13-004	111.90	113.90	2.00	2.76	12.00	2.74
	BT-13-004	133.80	135.00	1.20	5.92	20.00	4.20
	BT-13-005	128.20	129.60	1.40	13.87	74.00	4.14
	BT-13-005	143.50	144.90	1.40	2.73	21.70	3.60
	BT-13-005	145.40	148.20	2.80	3.02	21.40	3.39
	BT-13-005	153.80	157.30	3.50	8.12	44.30	9.15
	BT-13-005	168.90	175.70	6.80	2.03	25.70	3.66
	BT-13-007	147.00	154.00	7.00	2.82	20.80	4.55
	BT-13-007	182.30	195.40	13.10	2.00	35.10	3.32
	BT-13-008	152.10	154.60	2.50	3.72	16.20	3.14
	BT‐16‐010	181.00	185.00	4.00	2.18	5.06	1.47
	BT‐16‐012	129.92	134.30	4.38	6.90	12.09	2.99
	BT‐16‐013	61.88	65.83	3.65	1.45	17.90	4.11
	BT‐16‐013	79.22	85.00	5.78	2.03	8.71	3.50
	BT-22-015	135.7	154.3	18.6	1.15	7.92	2.32
	BT-22-015	180.6	203.5	22.9	2.02	22.46	2.19

**The true width of these intersections is unknown.

The property has been the subject of more than one historical estimate. Met-Chem Canada Inc. prepared the most recent of these in April 2001 in a report titled, Pre-feasibility study: Etude Conceptuelle, Projects Berrigan and Tortigny by Chuinard et al. In the report, a resource estimate completed using polygonal estimation techniques stated 1,388,915 tonnes of material grading 3.17% Zn and 1.77 g/t Au on the main Berrigan Mine zone. No resource classifications were given for the resource (GM61359).

The mineral resource estimate above is historical and was not completed to NI 43-101 standards. The QP has not completed sufficient work to classify it as current. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimate on the Project can be classified as a current resource. The Corporation is not treating this as a current mineral resource.

BERRIGAN SOUTH PROPERTY

The Berrigan South property is comprised of 23 claims covering 1,134 hectares contiguous and south of the Berrigan Mine claims. All claims are in good standing, with expiry dates of April 28, 2025.

The Berrigan South mineralization is located about 200 m SE of the Main Berrigan deposit and shows similar geologic, structural and geometric complexities as the Main Zone and is generally thought to represent VMS style mineralization (pyrrhotite, sphalerite, chalcopyrite, galena) remobilized within an EW fault structure. Historic exploration has consisted predominantly of diamond drilling, including 28 drill holes completed by five different companies between 1963 and 1975, and geological mapping and sampling. (Michel Leblanc, 2013)

LAC ANTOINETTE and LAC ELAINE PROPERTIES

The Lac Antoinette property consists of 11 claims totalling 436 hectares. All claims are in good standing, with expiry dates of April 28, 2025 to June 20, 2025.

The Lac Elaine property consists of 27 claims totalling 1,238 hectares. All claims are in good standing, with expiry dates of January 20, 2025 to May 17, 2026.

Together the Lac Antoinette and Lac Elaine claims cover the westward extension of the geological rock unit in which the Berrigan Zn, Au, Ag deposit is found. Numerous strong conductive zones have been indicated on the claims by airborne geophysical surveys.

Late in the summer 2021, shoreline prospecting and mapping were completed at the Lac Antoinette and Lac Elaine properties. Anomalous copper values were reported in six grab samples on the two properties. During the summer of 2022, prospecting and sampling was performed over the property. The worked performed included beep-mat geophysics, reconnaissance mapping, sampling for base metal, gold and silver, as well as sampling a number of rocks for whole rock geochemistry. (CIM Internal Memo)

GWILLIM PROPERTY

The Gwillim property consists of 24 claims totalling 1,264 hectares in Barlow and McKenzie townships, and surrounds Globex Mining Enterprises' Lac Gwillim property, which is also the subject of an acquisition agreement between TomaGold and Globex. All claims are in good standing, with expiry dates of January 7, 2025 to December 16, 2025.

The property covers approximately 4.5 km of the Lac Gwillim shear zone. It comprises three gold-bearing vein showing; Wright-Hargreaves Gwillim, Lac Gignac-East and the Barlow McKenzie-West, a gold, copper and zinc showing. Exploration on the property started in 1950 on what is now the Wright-Hargreaves showing when an area was stripped and sampled. Since then, sporadic exploration programs were completed by a variety of companies between 1950 and 1984 including 14 short drill holes with limited sampling. Recent exploration has included airborne geophysics and during the summer of 2022, prospecting and sampling. (Amrhar, 2023)

SUMMARY OF ASSET PURCHASE AGREEMENT

Chibougamau Independent Mines Inc. East Block Properties Acquisition of a 100% interest in the Kokko Creek (Au-Cu), Quebec Chibougamau GoldFields (Au-Ag-Cu), Copper Cliff Extension (Au-Cu), Grandroy (Au-Cu), Tommy Zones (Au-Cu), Bateman Bay (Au-Cu-Ag) and Virginia Option (Cu) properties.
	Cash		Shares (#)
Exclusivity (6 months)	$	200,000
Effective date	$	4,800,000	10,000,000
Year 1	$	3,000,000
Year 2	$	3,000,000
TOTAL	$	11,000,000	10,000,000

The seven East Block Properties cover portions of the east portion of the Chibougamau mining camp and contain the historic Grandroy, S-3, Goldfields, Kokko Creek, Bateman Bay Mines and parts of the historic Copper Cliff and Jaculet Mines. Aside from the seven historic mines on the properties being acquired, the properties are also adjacent to a further 14 historic mines.

Geological and exploration history for the East Block Properties, including historic production was taken from a report titled Technical Review and Evaluation of the Exploration Potential of the Lac Chibougamau Mining Properties in McKenzie, Roy, Obalski and Lemoine Townships, written by Claude Larouche in August 2012 for CIM. Recent exploration results were taken from relevant CIM news releases detailed below. The Corporation has not verified the technical data taken from these sources but views the information as relevant and reliable. The Corporation plans to complete a full evaluation of all of the properties being acquired and prioritize future exploration to follow up on significant historic results.

KOKKO CREEK PROPERTY

The Kokko Creek property consists of seven claims totalling 190 hectares, which lies on the north shore of Doré Lake between the Quebec Chibougamau GoldFields and Virginia Option properties. All claims are in good standing, with expiry dates of September 5, 2026 to October 28, 2026.

The Kokko Creek showing was first discovered in 1906 and explored by a variety of groups until 1958 when Campbell Chibougamau Mines sunk a vertical shaft to 593 feet. Records indicate that during the period 1959 to 1975, 745,169 tons grading 1.15% Cu and 0.24 g/t Au were mined.

The mineralized zone occurs along a N110°E trending, steeply SW dipping shear zone injected by a quartz-feldspar porphyry dyke. Mineralization extends along strike for less than 600 metres and locally reaches widths of up to 12 metres. Sulphide includes chalcopyrite, pyrrhotite, pyrite and minor sphalerite. Chloritization, silicification and carbonatization are the most common types of alteration.

Surface trenches exposing Zn-Cu-Ag-Au-Mo values over widths of 5.0 to 6.0 m, were confirmed by subsequent drilling which intersected wide zones porphyry copper-style disseminated copper and molybdenite mineralization, which has developed within the upper part of the Lac Doré Complex in the gabbroic anorthosite and granophyre. The mineralization is present over a surface of 1.5 square kilometres and consists of tension fractures with veinlets of quartz-pyrite, quartz-pyrite-chalcopyrite and quartz molybdenite.

No significant amount of exploration work has been undertaken on the property since its acquisition by CIM in 2013.

QUEBEC CHIBOUGAMAU GOLDFIELDS PROPERTY

The Quebec Chibougamau Goldfields property consists of 7 claims totalling 188 hectares, which lies on the north shore of Doré Lake between Kokko Creek and Cedar Bay Mines. All claims are in good standing, with expiry dates of October 28, 2026.

The first mining activity on the property was when a shaft was sunk in 1956 and Patino Mining initiated mining and milling of the ore. In 1970, Campbell Chibougamau Mines acquired the property and put a decline under the surface pillar of the main zone. This surface pillar (H zone) was mined by open cut. Production from 1970 to 1974 is reported at 264,000 tons grading 1.74% Cu and 3.08 g/t Au.

No significant amount of exploration work has been undertaken on the property since its acquisition by CIM in 2013.

COPPER CLIFF EXTENSION PROPERTY

The Copper Cliff Extension property consists of 7 claims totalling 91 hectares, which lies on the north shore of Doré Lake east of Cedar Bay Mines. All claims are in good standing, with expiry dates of February 10, 2025.

The Copper Cliff claims lie immediately east of the Copper Cliff shaft and cover part of the underground workings going eastward. During the period 1970 to 1974, 864,382 tonnes grading 1.69% Cu, 0.96 g/t Au and 6.5 g/t Ag were mined from the Copper Cliff Mine.

Mineralization

At Copper Cliff, as with most of the Cu-Au mines within the Lac Doré Complex, the mineralization which has been mined is commonly associated to dykes referred to as "Mines Dykes". These pre-mineral dykes are injected into the deformation corridors and include "Grey Dykes" (fine grained, feldspathic) and "Mafic Dykes" (dark green colour, usually rich in chlorite). Post mineral sinistral strike slip faults result in very limited horizontal displacement of the mineralized zones.

Two different styles of mineralization have been identified at Copper Cliff and include:

Type 1: Highly foliated sulphide rich veins (chalcopyrite, pyrite, magnetite, pyrrhotite, sphalerite and arsenopyrite) which form lenses up to 100 m long and up to 5 m thick.

Type 2: Horizontal extension fractures which cross cut the main foliation and which are quite limited in length (20 m) and in thickness (1 cm to 50 cm).

At the end of CIM's 2019 fall drilling campaign on Bateman Bay, one 461 m drill hole was completed on the Copper Cliff property.

GRANDROY PROPERTY

The Grandroy property consists of 15 claims totalling 768 hectares, which completely covers former mining concession 604 and is located 12 km east of the town of Chibougamau, in the southwest quarter of Roy Township. All claims are in good standing, with expiry dates of May 9, 2025.

The Grandroy showing was first discovered in 1946. Open pit mining started in February 1967 and ceased in May 1968 due to the high stripping ratio. From 1970 to 1975, a spiral decline to a depth of 70 metres below the pit floor was used to extract further ore. A total of 345,000 tons grading 1.24% Cu and 0.70 g/t Au was mined from the altered porphyry.

TOMMY ZONES PROPERTY

The Tommy Zones property is covered by a large claim group forming a continuous prospective exploration package 10.8 km long by 3.6 km wide over Lac Chibougamau. The entire land package is geologically located within the Lac Doré Complex. All claims are in good standing, with expiry dates of May 9, 2025 to November 10, 2026.

The structural corridor contains gold mineralization hosted in individual zones of shearing ranging in thickness from 1.0 to 30.0 m. These zones of shearing are usually parallel, closely spaced and showing good lateral and vertical continuity. Some of the anorthosite hosted mafic dykes can also locally be found within the shear zones. These zones are referred to as T, S and K zones.

The mineralized zones on the Tommy Zones Property were first discovered in the 1950's and have been drilled by a variety of companies and the S-3 zone was mined between 1985-1989 for a total of 420,943 tonnes grading 3.91 g/t Au and 0.4% Cu.

Mineralization at the Tommy zones occurs as sulphide stringers and/or sulphides in veins of quartz/carbonate filled fractures and/or in zones of shearing within the anorthositic gabbro of the Lac Doré Complex. Mineralization is comprised largely of pyrrhotite, chalcopyrite, pyrite with lesser amount of sphalerite and rarely galena. Locally, gold is found associated with the sulphides.

BATEMAN BAY PROPERTY

The Bateman Bay (Au-Cu-Ag) mine and two former mining blocks of the former Jaculet Mine constitute the present property composed of 15 mining claims totalling 353 hectares, located 8 km east of the town of Chibougamau. All claims are in good standing, with expiry dates of January 2, 2025 to February 20, 2025.

Mineral production records show a modest, sporadic production between 1968 and 1977 totalling approximately 27,051 t grading 1.81% Cu, 1.58 g/t Au and 14.21 g/t Ag derived mostly from the A-3 zone.

Mineralization

Numerous mineralized zones were intersected by surface drilling and from underground workings on the Bateman Bay property. Seven lenses have been identified, A1, A-2, main A-3, A-4, A-5, C-north and C south. These zones oriented roughly 110° are represented by intense alteration in sericite and chlorite. The mineralization is concentrated in lenses locally narrow but with a good lateral and vertical continuity. At Bateman Bay, the gold mineralization is found associated to pyrite with minor chalcopyrite. Pyrite is disseminated and also along stringers, it may represent 1% to 50% of the rock by volume and the gold does not appear to be directly correlated to the amount of pyrite. The copper (chalcopyrite) mineralization is uniform, but the gold values are more erratic.

The A-3 Zone, the main mineralized lens at Bateman Bay, extends laterally for less than 600 metres and vertically to 300 metres. This structure has been opened and sampled on four levels.

An historical resource estimate by SIDAM Inc. Trudel, P et. Al. Evaluation du Potentiel Mineral de la Propriété Bateman Bay Chibougamau, Quebec dated May 26, 1992 and completed for Ressources Robex Inc. is shown below:

Table 5 – Bateman Bay Historic Resource Estimate

Zone	Tons	Average width	Cu%	Au g/t
A-2	94,714	1.4 m	2.04%	4.52 g/t
A-3 west	159,394	2.1 m	3.01%	4.69 g/t
A-3 east	142,557	2.7 m	2.62%	3.84 g/t
Total	396,665	2.1 m	2.64 %	4.35 g/t

The mineral resource estimate above is historical and was not completed to NI 43-101 standards and does not include a resource classification. The QP has not completed sufficient work to classify it as current. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimate on the Project can be classified as a current resource. The Corporation is not treating this as a current mineral resource.

Zone C, located 1.0 km NE of Zone A, has been drill tested to a depth of 200 metres and for a strike length of more than 1 km. Zone C consists of two parallel branches traced underground for hundreds of metres on different levels. The mineralization consists of pyrite and chalcopyrite.

In 2013, six holes were drilled at shallow depth to better understand the mineralization orientation of the C-3 Zone. Two new drill holes were completed in 2016 at a vertical depth of 165 and 255 metres. BJ-16-16, the deepest hole drilled on the zone returned 3.61% Cu, 1.72 g/t Au, 11.90 g/t Ag and 0.022% Co over 12.5 m. The true width of this intersection is unknown. (CIM News Release January 18, 2017)

Since 2013 exploration at Bateman Bay has been focused on drilling the C-3 zone and discovering new targets on similar structures. In 2013 drilling was completed from 50 metres below surface to a vertical depth of 150 m. Then, in 2016, two holes were drilled at a vertical depth of 170 and 260 metres, respectively, below surface. Cobalt was also added at that time to be part of analytical metal package.

Results from the 2016 drilling are presented in the table below. (CIM News Release January 18, 2017)

Table 6 – 2016 CIM Drill Results Bateman Bay

Hole	D epth (m)	Cu (%)	Au (g/t)	Ag (g/t)	Co (%)	Core length (m)
BJ-16-15	170	3.63	0.82	42.9	0.016	6.33
BJ-16-16	260	3.61	1.72	11.90	0.022	12.5

The true width of these intersections is unknown.

In September 2017, CIM undertook a program of stripping on the up-dip projection of the C-3 zone which had been intersected in several drill holes. Subsequent channel sampling returned 3.6% Cu, 31.0 g/t Ag and 422 ppb Au over 3.90 m over five consecutive samples and 2.53% Cu, 11.0 g/t Ag and 396 ppb Au over 3.05 m over three consecutive channel samples, all perpendicular to strike within a wide zone of intense siderite alteration.

In 2019, CIM completed two drill programs for a total of ten holes to extend the C-3 zone along strike and at depth. C-3 mineralized intersections of the 2019 campaign are presented in the table below. Holes BJ-19-19 and BJ-19-20 and also BJ19-23 to BJ19-26 did not intersect mineralization. (CIM News Releases April 22, 2019, August 7 & 8, 2019)

Table 7 – 2019 CIM Drill Results Bateman Bay

Hole	D epth (m)	Cu (%)	Au (g/t)	Ag (g/t)	Co (%)	Core length (m)
BJ-19-17	340	4.33	3.69	19.62	0.020	22.0
BJ-19-18	450	7.70	3.58	33.25	0.031	9.2
BJ-19-21	400	3.06	2.96	13.04	0.023	15.68
BJ-19-22	300	3.02	0.48	20.20	0.025	45.40

The true width of these intersections is unknown.

During the 2020 winter, three holes were drilled including the deepest hole drilled to date on C-3 copper and gold zone. Results from drill holes BJ-20-127 and BJ-20-29 are presented in the table below. Drill hole BJ-20-28 did not intersect mineralization. (CIM News Releases February 28, 2020, March 24, 2020)

Table 8 – 2020 CIM Drill Results Bateman Bay

Hole	D epth (m)	Cu (%)	Au (g/t)	Ag (g/t)	Co (%)	Core length (m)
BJ-19-27	510	2.49	4.24	11.06	0.014	9.25
BJ-19-27	523	4.14	0.55	16.18	0.017	5.55
BJ-19-29	400	2.40	5.98	13.03	0.024	10.65

The true width of these intersections is unknown.

This intersection in drill hole BJ-20-29 was the best gold result to date on the C-3 zone. The C-3 zone has encountered mineralization from surface to a vertical depth of 525 m and remains open at depth.

The property has a certificate of authorization (CA) for drilling on ice or drilling on a barge. Drilling can be completed on ice if winter conditions are favourable or drill from a barge during summer.

VIRGINIA OPTION PROPERTY

The Virginia Option property consists of 4 claims totalling 61 hectares. The property is bounded upon the northeast by the Kokko Creek Mine property, on the south by the Chib-Kayrand Mine, Merrill Island Mine and Main Campbell Mine and further to the west by the Obalski Mine property. The property was explored between 1950 and 1973 including geophysical surveys, geological mapping and sampling and diamond drilling. Minimal work has been completed since 1973. All claims are in good standing, with expiry dates of September 5, 2026.

MAP OF PROJECTED ACQUISITIONS

LOT_Chibougamau-Claims-Map-(Aug-2023)

TomaGold has received conditional approval from the TSX Venture Exchange for these transactions. The common shares to be issued in relation with the agreements are subject to a resale restriction period of four months and one day.

The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation's Director of Exploration and a qualified person under National Instrument 43-101. In conducting the review of twelve properties mentioned in this news release, the Qualified Person consulted and utilized various sources of information and data, including government publications, and historical reports and data provided to him by all the vendor, Chibougamau Independent Mines Inc. The Corporation has not verified all the technical data taken from these reports and sources but views the information as relevant and reliable. The Corporation plans to complete a full evaluation of all of the properties being acquired and prioritize exploration to follow up on significant historic results.

About TomaGold
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. TomaGold holds interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake, as well as a 24.5% interest through a joint venture with Evolution Mining Ltd. and New Gold Inc. in the Baird property, located near the Red Lake mining camp in Ontario. In addition, it owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec.

Contact:
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation's control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/17eb424e-59c8-4785-b013-6fc03380b6a6

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LOT:CA

TomaGold Extends East Block Acquisition Term

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") wishes to inform its shareholders that it has extended the "Option to Purchase" with Chibougamau Independent Mines Inc. (TSXV: CBG) (" Chibougamau ") by 45 days to allow completion of due diligence and secure financing to acquire Chibougamau's East Block copper-gold properties. The initial transaction was announced in the press releases dated August 14, 2023 September 13, 2023 and September 18, 2023 .

About TomaGold
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In addition to the recent agreements to acquire 20 properties in the camp, the Corporation holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake.

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East Block Acquisition Term Extended

Chibougamau Independent Mines Inc. (CBG-TSXV in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US), herein called Chibougamau, wishes to inform shareholders that Chibougamau has extended the "Option to Purchase" accorded to TomaGold Corp. (LOT-TSXV) by 45 days to allow completion of due diligence and secure financing to acquire Chibougamau's East Block of advanced copper-gold properties. The initial transaction was announced in press releases dated August 14, 2023 and September 13 th 2023 .

This press release was written by Jack Stoch, P. Geo., President and CEO of Chibougamau Independent Mines Inc.

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PROSPECT RIDGE RESOURCES ADJOURNS ANNUAL GENERAL MEETING

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) announces that it has adjourned its annual general meeting (for more information, see news release dated December 12, 2024 ), to reconvene on Friday, December 20, 2024 at 11:30 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver British Columbia. Proxies will continue to be accepted until 48 hours prior to the commencement of the adjourned meeting.

About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on gold exploration. Prospect Ridge ' s management and technical team cumulate over 100 years of mineral exploration experience and believe the Knauss Creek and the Holy Grail properties to have the potential to extend the boundaries of the Golden Triangle to cover this vast under-explored region.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as " intends " or " anticipates" , or variations of such words and phrases or statements that certain actions, events or results " may", " could ", " should ", " would " or " occur " . This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

View original content to download multimedia: https://www.prnewswire.com/news-releases/prospect-ridge-resources-adjourns-annual-general-meeting-302331800.html

SOURCE Prospect Ridge Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/13/c2016.html

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PROSPECT RIDGE RESOURCES CONFIRMS ARRANGEMENTS RELATING TO ANNUAL GENERAL MEETING

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) wishes to update shareholders on the impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver to shareholders its financial statements and related disclosure and proxy-related materials in respect of the Company's Annual General Meeting (the " Meeting ") of shareholders scheduled to be held on Friday, December 13, 2024 at 11:00 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver, British Columbia .

As a result of the strike, and pursuant to CSA Coordinated Blanket Order 51-931 Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal strike (the "Blanket Order"), the Company is advising shareholders that:

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Lode Gold: 2024 Year-End Review and 2025 Outlook

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to provide a year-end update.

Dear Investors,

I am excited to update you on our progress since I took over as CEO less than a year ago, just before Christmas in December 2023. With the support of the board, key shareholders, and the dedicated Lode Gold team, we have raised $6M since March 2024 and completed numerous tasks to reorganize the Company. These efforts have positioned us for future success and growth, and I am grateful for the continued support and confidence you have shown in our vision.

Strategy: Create Two Pure Play Companies to Unlock Value and Attract New Investors

Last year, around this time, I met with bankers to discuss how we plan to unlock value by spinning out the Company's assets to create two pure-play companies. This strategy resonated with many as Lode Gold has key assets situated in highly prospective mining regions in Canada and the United States. This initiative immediately creates two $7M companies from one $7M entity, thereby generating accretive value for shareholders.

Focus on Intrinsic Asset Value vs Market Cap: Do some small-cap stocks outperform large-cap investments in the long run?

Clifford Asness, who played a key role in building Goldman Sachs' Global Alpha before founding AQR, and now manages over $33 billion in assets, published a whitepaper that challenged the Efficient Market Theory. It stipulated that value may be factored into price with large-cap companies, but it may not be the case with small-cap stocks¹. It states that with small or micro-cap stocks, the Less-Efficient-Market Hypothesis often holds. Why? The market is inherently inefficient due to a fragmented shareholder base and a lack of distribution, awareness and liquidity. As such, if capital is patient, investing in a small-cap stock may result in a higher return on investment in the long run compared to a large-cap stock.

In the case of Lode Gold, the intrinsic value, verified with a third-party NI 43-101 technical report, has an NPV USD $370M, yet the market cap trades at a fraction of the real value. Notwithstanding, a planned spin-out transaction valued at an additional $7.65M (pre-money value to current Lode Gold shareholders) has already obtained conditional approval.

This is a value proposition, validated by smart money: strategic investors and institutional shareholders; a total of four own approximately 60%. Intrigued by the potential of this undervalued play, I accepted the challenge of leading its turnaround and growth.

Near-Term: Gold Orogen spin out to unlock value for shareholders

The company has three key orogenic assets, with proven gold endowment.

To unlock value for shareholders; immediately we are spinning out the Canadian assets into a new company, Gold Orogen. Each Lode Gold shareholder will get shares of Gold Orogen; via a tax-efficient spin-out.

Additionally, a $3M raise has been completed at Gold Orogen, based on a $7.65M pre-money valuation. The current valuation for Lode Gold, the parent company, is at $7M. We are topping up with an additional $1.5M to ensure a $4.5M investment program for 2025 at Gold Orogen; as such both the assets in Yukon and NB will be drilled in the upcoming exploration season in the new year. Post-money, Gold Orogen will be at $12M+.

A gold asset on the Mother Lode Belt with MRE: 1 (M&I) + 2 (Inferred) Moz Au and a 2023 PEA: USD $370M (NPV 5%) will remain in the parent co, Lode Gold. Lode Gold intends to pursue a high grade underground mine opportunity. This project sits on 100% privately owned patented land where the mining license was suspended in 1942 due to the war effort.

Spin Out Unlocks Shareholder Value: Confirmed gold endowment and RIRGS on Tombstone Belt

The spin-out will result in the formation of two pure-play companies, each focused on specific areas of exploration in Canada and the US.

Company 1: Spin Co - Gold Orogen

Asset 1:

27 km strike, 99.5 km²in Yukon, prolific Tombstone Belt (Snowline, 3 Aces, Sitka Gold)
Total of four Reduced Intrusive Targets (RIRGS)

Asset 2:

New Brunswick: Created one of the largest land packages (420 km²)
Geological analogue to New Found Gold, Galway, Calibre Mining and Puma-Kinross
Confirmed gold endowment

Company 2: Parent - Lode Gold

Lode Gold is the first company to evaluate this project from an underground perspective.

Brownfield, previously mined at 8 g/t in the 1940's.
4 km strike on the 190 km mineralized Mother Lode Belt: 50,000,000 oz produced
100% owned private and patented land: 3,351 acres, Mariposa County
California: 700 permitted mines; 14 gold
Mine suspended in 1942 due to gold prohibition in WWII
Target: 2 Moz underground 5 g/t Au
Typical Orogenic Deposit with Structural Controls
3 Step-Out Holes hit structure (up to 1,200 m)
2 nearby mines were up to 1,800 m deep at 13 g/t
43,000 m drilled with 23 km of underground workings
11% of the veins (2 of 7 deposits) exploited; mostly in the first 250 m
2023 MRE: 1 Moz (M&I) + 2 Moz (Inferred)
2023 PEA at USD $2,000/oz Au: After-tax NPV (5%) USD $370M, 31% IRR, 11 years LOM
Close to road, rail, power, water

Milestones Achieved in 2024:

1. Executed Spin Out Plan

Received conditional acceptance from the TSXV for the spinout transaction

2. Improved Capital Structure

Lode Gold added two additional key institutional and strategic shareholders
For $3M, a 19.9% strategic joint venture partner with strong technical expertise, was added to the new Spin Co
Tight share structure: 10:1 consolidation. About 40.000,000 shares outstanding for both companies

3. Cleaned Up Balance Sheet

Converted a secured debt holder to be the second-largest shareholder
Repaid shareholder working capital loan
Resolved a legacy lawsuit and eliminated a $1.6M liability

4. Enhanced Value of Assets in Yukon, New Brunswick and California

New Brunswick:
- Created one of the largest land packages in the province, potentially a district play
- Completed comprehensive geophysics and soil sampling to define drill targets
Yukon:
- Identified four RIRGS targets for exploration work in 2025
- Confirmed RIRGS at WIN; high bismuth : gold ratio, gold-bearing sheeted quartz veins, hosted in hornfels

California:
- The first to review the project from an underground perspective
- Completed Geological Model: 11% of the veins exploited, in 2 out of 7 deposits. Most extraction in the first 250 m. 3 step-out holes at depth, mineralized and hit structure, a typical orogenic deposit
- Commissioned NI 43-101 to update the 2023 MRE

5. Strengthening the Lode Gold Team

Enhanced bench strength by adding key personnel to the technical and marketing teams, visit our website to view their full bios (lode-gold.com)
Addition of Martin Stratte, Lode Gold's former Director of the Board, to our Advisory Team. He was previously on the permitting team at Castle Mountain, Equinox Gold (2018-2021). The project was acquired for $200 million in 2018, and it was permitted in 2021

Upcoming Catalysts in 2025

Spin Co: Shareholders get shares of a new company
Drilling to investigate 4 RIRGS reduced intrusive targets in Yukon Tombstone Belt, 200 km from Snowline
Drilling in New Brunswick assets upon systematic exploration: geophysics, soil sampling, mapping, geochemistry
California: Revised NI 43-101 Mineral Resource Estimate (updating 2023 MRE and investigating high grade underground potential)
California: Evaluate reactivating a previous mine, where the license was suspended during WWII

Invest in One Company, Get Shares of Two Companies: Optionality on three key assets

Investing in Lode Gold presents an exciting opportunity for shareholders to benefit from an advanced gold exploration project and a forthcoming spinoff with two high-value assets. This strategic move is aimed at unlocking maximum value for investors, who will gain exposure to three highly prospective gold assets through shares in two separate companies.

Wishing you a season filled with joy and prosperity.

Yours truly,

Wendy T. Chan. CEO & Director

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km²across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 420 km² and a 42 km strike. McIntyre Brook covers 111 km²and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 309 km²package covering a 25 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940's.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins - in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment ("PEA"). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-416-915-4257

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-Looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that after consultation with its registered finders, the Company has now concluded its non-brokered private placement under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption. As previously announced on November 13, 2024, the Company sold 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Company had filed an offering document related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com

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Gold Investing

We Seek Safe Harbour.	CUSIP Number 167101 203 LEI 529900GYUP9EBEF7U709
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir. President & CEO Chibougamau Independent Mines Inc. 86, 14 ^th Street Rouyn-Noranda, Quebec Canada J9X 2J1	Tel.: 819.797.5242 Fax: 819.797.1470 info@chibougamaumines.com www.chibougamaumines.com

Post - Consolidation
Capitalization:	Unlimited	shares with no par value of which
	113,302,703	shares are issued and outstanding
Escrow	11,277,447	shares are subject to escrow

Common Shares
Trading Symbol:	CMC	( UNCHANGED )
CUSIP Number:	17178G302	(NEW)

Trading Symbol:	CMC.WT	( UNCHANGED )
CUSIP Number:	17178G112	( UNCHANGED )

Post - Consolidation
Capitalization:	Unlimited	shares with no par value of which
	80,691,491	shares are issued and outstanding
Escrow:	N/A	shares

Transfer Agent:	Odyssey Trust Company
Trading Symbol:	FTZ	(new)
CUSIP Number:	33827E101	(new)

Corporate Jurisdiction:	British Columbia

Capitalization:	unlimited common shares with no par value of which 76,786,813 common shares are issued and outstanding.
Escrowed Securities:	17,429,427 common shares are subject to escrow.

Transfer Agent:	Endeavor Trust Corporation
Trading Symbol:	ZAU
CUSIP Number:	98980T104
Sponsoring Member:	None

Finder's Warrants:	91,000 common share purchase warrants to purchase one common share at $0.18 up to 12 months from issuance.

Company Contact:	David Kol
Company Address:	Suite 3606, 833 Seymour Street, Vancouver, BC V6B0G4
Company Phone Number:	702-296-1156
Company Fax Number:	Not Applicable
Company Email Address:	info@zodiac-gold.com

Non-Arm's Length Party / Pro Group Participation:

Creditors	# of Creditors	Amount Owing	Deemed Price per Share	Aggregate # of Shares

Aggregate Non-Arm's Length Party Involvement:	2	$272,000	$0.01	27,200,000
Aggregate Pro Group Involvement:	N/A	N/A	N/A	N/A

Number of Securities:	10,200,000 flow-through common shares

Purchase Price:	$0.10 per common share

Number of Placees:	7 Placees

Insider / Pro Group Participation:

Placees	# of Placees	Aggregate # of Shares
Aggregate Existing Insider Involvement	3	350,000 Shares
Aggregate Pro Group Involvement	Nil	Nil

	Aggregate Cash Amount	Aggregate # of Shares	Aggregate # of Warrants
Finder's Fee:	$51,000	Nil Share	Nil Warrant

Nombre d'actions:	10 200 000 d'actions ordinaires accréditives

Prix :	0,10 $ par action ordinaire

Nombre de souscripteurs:	7 souscripteurs

Participation initié / Groupe Pro :

Souscripteurs	# de souscripteurs	# total d'actions
Total des initiés existants :	3	150 000 actions
Total du groupe pro	Aucun	Aucune

	Montant total en espèces	# total d'actions	# total de bons de souscription
Honoraires d'intermédiation :	51 000 $	Aucune action	Aucun bon

Private Placement:

# of Warrants:	5,774,279 (outstanding)
Original Expiry Date of Warrants:	January 31, 2024
New Expiry Date of Warrants:	June 30, 2024
Exercise Price of Warrants:	$0.85 (unchanged)

Number of Shares:	3,635,757 shares

Purchase Price:	$0.40 per share

Warrants:	3,635,757 share purchase warrants to purchase 3,635,757 shares

Warrant Exercise Price:	$0.65 for a 18-month period

Number of Placees:	27 placees


Placees	# of Placee (s)	Aggregate # of Shares

Aggregate Existing Insider Involvement:	1	150,000
Aggregate Pro Group Involvement:	N/A	N/A

	Aggregate Cash Amount	Aggregate # of Shares	Aggregate # of Warrants
Finder's Fee:	N/A	73,000	N/A

Number of Shares:	1,800,000 common shares

Purchase Price:	$0.10 per share

Warrants:	1,800,000 share purchase warrants to purchase 1,800,000 shares

Warrant Exercise Price:	$0.35 for a 24-month period

Number of Placees:	1 placee

Number of Shares:	2,520,000 common shares and 15,420,455 flow-through shares

Purchase Price:	$0.05 per common share and $0.055 per flow-through share

Warrants:	1,260,000 common share purchase warrants to purchase 1,260,000 common shares

Warrant Exercise Price:	$0.075 per common share for a period of 24 months

Number of Placees:	9 placees

	Aggregate Cash Amount ($)	Aggregate # of Shares	Aggregate # of Warrants
Finder's Fee:	$56,000	N/A	1,018,181 finder's warrants

Nombre d'actions:	2 520 000 actions ordinaires et 15 420 455 actions accréditives

Prix :	0,05 $ par action ordinaire et 0,055 $ par action accréditive

Bons de souscription :	1 260 000 bons de souscription permettant de souscrire à 1 260 000 actions ordinaires

Prix d'exercice des bons :	0,075 $ par action ordinaires pour une période de 24 mois

Nombre de souscripteurs:	9 souscripteurs

	Montant total en espéces ($)	# total d'actions	# total de bons de souscription
Honoraire d'intermédiation:	56 000 $	S/O	1 018 181 bons d'intermédiation

1.	At the Meeting, shareholders will be asked to vote on the following matters, all as more particularly described in the Information Circular:
	(i)	to fix the number of directors of the Company at seven;
	(ii)	to elect the seven directors of the Company for the ensuing year;
	(iii)	to re-appoint the Company's auditor for the ensuing year and to authorize the directors of the Company to fix the remuneration to be paid to the auditor;
	(iv)	to re-approve the Company's stock option plan; and
	(v)	to transact such other business as may properly be transacted at the Meeting.

2.	The Company has satisfied all of the conditions to rely, and is relying, on the exemption provided by the Blanket Order from the requirement to send proxy-related materials to its shareholders.

3.	Electronic versions of the Notice of Meeting, Information Circular, the form of Proxy (for registered shareholders), and Voting Instruction Form (for non-objecting beneficial owners) and all other proxy-related materials (collectively, the "Proxy Related Materials"), as applicable
	(i)	have been filed and are available on the SEDAR+ website at www.sedarplus.ca under the Company's profile; and
	(ii)	are posted in a prominent location on the Company's website at https://prospectridgeresources.com/investors/ .

4.	The Company will also provide copies of the applicable Proxy-Related Materials by email to each shareholder who requests same while the strike is ongoing, at no charge. To do so, Shareholders may contact Meredith Eades at meredith.eades@prospectridgeresources.com or by phone at 604-670-7818 to request that a copy of the Proxy-Related Materials be emailed to you.

5.	As the electronic versions of the form of Proxy (for registered shareholders) and Voting Instruction Form (for non-objecting beneficial owners) do not contain control numbers, they cannot be voted online or by phone. These electronic forms must be physically completed, signed, and returned to the Company's transfer agent, Odyssey Trust Company, by:
	(i)	Physical delivery or facsimile (details in the Information Circular);
	(ii)	Email to proxy@odysseytrust.com .

5.	In the alternative:
	(i)	If you are a registered shareholder, you may also contact the Company's Transfer Agent, Odyssey Trust Company, at Direct Dial (all regions): 1-587-885-0960; US & Canada (toll-free): 1-888-290-1175 to verify your identity and obtain instructions and assistance in voting your shares;
	(ii)	If you are a beneficial shareholder, who holds their investment through a brokerage house, depository company or other intermediary, you may also attempt to contact such brokerage house, depository company or other intermediary for instructions and assistance in voting your shares.

TomaGold provide further details on recent announcement to acquire majority of Chibougamau Mining Camp properties

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