Precious Metals

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce the acquisition of a 100% interest in 38 claims from Noranda Royalties and the acquisition of 69 map-designated claims covering a total area of 5,487.52 ha (or 55 km 2 ). These claims are located near Zones 1, 2, 3 and 6 of the James Bay Lithium Brisk project optioned by Monger Gold and along and south of the Trans-Taiga regional road and power line infrastructure, approximately 5 km from the LG-3 airport. These claims are also located on the same geological corridor as the Cancet (5.6% Li2O over 36.5 m) and Corvette (1.65% Li2O over 159.7 m) projects, held by Winsome Resources and Patriot Battery Metals respectively, further east.

TomaGold-Baie-James-Claims-Map

The project was identified for its prospective nature of lithium mineralization in pegmatite dykes during the compilation of geological data by Noranda Royalties. The project hosts several known pegmatite dyke outcrops. Historically, there has been no lithium exploration activity on the project, with the exception of a historical spodumene-bearing pegmatite showing that was identified by the Quebec Ministry of Energy and Natural Resources on June 17, 2015. In addition to the acquisition of the project from Noranda Royalties, the Corporation has also increased the size of its lithium property with the addition of map-designated claims, allowing it to be even better positioned in an area where exploration activity has been sustained for several months. The Corporation will soon begin a sampling and prospecting program on its entire property.

The acquisition terms for the Noranda Royalties claims are the following:

  • Payment of $60,000 in cash by TomaGold, including:
    • $10,000 on the closing of the transaction;
    • $20,000 on the 6th month anniversary of the closing; and
    • $30,000 on the 12th month anniversary of the closing.
  • Issuance of 1,000,000 common shares of TomaGold at closing.
  • Noranda Royalties will receive a 2% net smelter return (NSR) royalty, of which 1% can be purchased by TomaGold for $1,000,000 in cash.

The transaction with Noranda Royalties is subject to regulatory approval.

EXPLORATION WORK ON THE OBALSKI PROPERTY, CHIBOUGAMAU

The 2,947-metre drilling program on Obalski has been completed and all samples have been sent to the ALS Global laboratory for analysis. A total of six holes were drilled in the new zone to the south that was identified by the 3D induced polarization (IP) survey conducted this winter. The Corporation will soon carry out new IP geophysical surveys in these last six holes and in old holes deemed relevant in the same area.

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.

About TomaGold
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, lithium and rare earth element 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 has a 100% interest in a lithium property 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/ee4d96ae-9ccf-4dd1-8b07-054bb2832758


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TomaGold

Overview

Quebec and Ontario are more than Canada’s most populous provinces. These provinces are also hosts to some of the country’s most prolific mining jurisdictions, combining the perfect storm of stability, government support in mining and high-grade mineralization discovery potential. Jumping onto investment opportunities in these provinces can present investors with a head start on the next new commodity cycle. With a forecasted call for a 30 percent return increase on commodities like copper and gold in 2021, investment interest in Canada’s biggest provinces is very much warranted.

TomaGold (TSXV:LOT,OTCQB:TOGOF) is a well-funded mineral exploration company focused on acquiring and developing highly prospective gold mineral properties. The company combines an excellent asset profile with impressive strategic partnerships and trading volume.

The company currently has five gold projects under development near the Chibougamau mining camp in Northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. These assets leverage great infrastructure and resource networks within Northern Quebec’s safe mining-friendly jurisdictions.

TomaGold’s expertly chosen projects have fast-track potential, with many groundwork milestones already achieved. Ongoing GIS data collection and 3D modeling have helped determine overarching geochemical properties and recalibrate future drilling campaigns.

In January 2021, the company reported positive preliminary results from its 2,500-meter drilling program at its wholly owned flagship Obalski gold project. Discoveries of massive sulfides and pyrrhotite, pyrite and chalcopyrite passages point to potential high-grade silver, gold and copper discoveries.

Commencing drill campaigns for this property could present similar copper-gold mining success as seen in the project’s past-producing history and neighboring development projects. The Obalski is strategically positioned near the highly prospective Philibert deposit and the Nelligan gold project currently operated by IAMGOLD (TSX:IMG) and Vanstar Mining Resources (TSXV:VSR).

TomaGold has a joint venture with Evolution Mining (ASX:EVN) and New Gold (TSX:NGD) that gives the company 24.5 percent interest in the resource-rich Baird property near the Red Lake mining camp in Ontario. Exploration work on the property from the 1980s returned assay values of 172 g/t gold over 1.2 meters and 19 g/t gold over 1.8 meters. TomaGold believes that additional high-grade gold discoveries merit further drilling campaigns set for early February 2021.

TomaGold is very well positioned for growth and project advancement as a junior mining company. It currently has over C$8 million in liquidity and cash for intended project funding and operates with a tight and deeply connected shareholder structure. Major shareholders include IAMGOLD, closely tied family offices, family members and management.

TomaGold’s management team comprises world-class experts in capital markets, geology and mineral exploration. The company’s solid technical team primes it for significant mining success and economic prosperity.

Company Highlights

  • TomaGold is a Canadian company focused on acquiring, exploring and developing highly prospective gold mineral properties. The company currently has interests in five gold properties close to the resource-rich Chibougamau mining camp in Northern Quebec.
  • The company’s valuable project profile includes Lac Doda, Monster Lake East, Monster Lake West and Hazeur, as well as its flagship Obalski project.
  • TomaGold also has a joint venture and 24.5 percent ownership in the Baird property with Evolution Mining and New Gold. The property is located in the prolific Red Lake gold belt 14 kilometers southwest of the Goldcorp Red Lake mine.
  • The company is well-funded, with over C$8 million in cash and short-term investments. Funds are intended for project advancement and development.
  • TomaGold has strong management and stakeholder foundations. The company has a tight-knit shareholder portfolio with significant shareholders, including family offices, family members and the mining heavyweight IAMGOLD.
  • TomaGold acquired a 100 percent interest in 38 claims from Noranda Royalties and 69 map-designated claims covering a total area of 5,487.52 ha.

Key Projects

Obalski Project

TomaGold’s wholly owned Obalski property hosts seven separated mineralized zones, one mining concession and one 85 meter shaft adjacent to two ramps. The property had seen limited exploration since the late 1980s when it was a considerable copper-gold producer. Covering approximately 345 hectares south of Chibougamau, Quebec, the project leverages strong government support, access roadways and rich resource networks close to major populous areas.

In 1964, United Obalski Mining mined 90,093 tonnes grading 3.0 g/t gold, 6.2 g/t silver and 1.53 percent copper. Since then, extensive drilling campaigns have resulted in 230 new open targets on the property for a total of more than 60,000 meters, most of which involves shallow drilling. A 2017 drill campaign later presented grades of 15.0 g/t gold, 46.8 g/t silver and 10.4 percent copper over 2 meters.

The property hosts widespread gold-copper mineralization with sulfide-rich quartz-carbonate veins and pyritized shear zones. This favorable geological profile primes the project for advanced development, including the continuation of a 2,500 drilling program to better define Obalski’s main PO zone.

Lac Doda Project

The highly prospective Lac Doda project operates in the resource-rich Chibougamau mining camp in Northern Quebec. The property consists of eight mineral claims over an area of 4,478 hectares. Located approximately 20 kilometers southwest of the Monster Lake property, the Lac Doda property leverages many of the same existing infrastructure and geographical advantages.

TomaGold owns 100 percent interest in the project. In July 2020, the company announced an option agreement to sell up to 80 percent interest in the Lac Doda property to Goliath Resources (TSXV:GOT). This agreement presents an exciting stage in the project’s growth.

Monster Lake East and Monster Lake West Properties

TomaGold strategically positions both projects to leverage the valuable mineralization of the Monster Lake property. Monster West consists of 21 mineral claims covering an area of 1,172.51 hectares and Monster East consists of 69 mineral claims covering an area of 4,269 hectares. The company owns 100 percent interest in both properties.

Monster Lake East is separated into three main sectors: Cookie Monster, Little Monster and Monster Island. A July 2018 IP survey revealed a large copper geochemical anomaly with a striking distance of several kilometers. Surveying also identified gold assay results just below 1 g/t gold and 14 potential high-priority gold and copper targets at depths of 100 to 350 meters.

Future plans include detailed airborne and ground geophysical surveying data compilation. TomaGold intends on using this analysis for drill recommendations and target generation for both properties.

Hazeur Project

The Hazeur project consists of 61 mineral claims and covers 2,863 hectares along the southern border of the Monster Lake property. TomaGold currently has 70 percent interest in the property and is strategically positioned as the project operator. The project covers the Joe Mann-Guercheville corridor with numerous gold occurrences along the property’s deformation zone.

Regional mineral grades include 0.24 g/t gold over 80.4 meters and 0.30 g/t gold over 70.0 meters. The company hopes to mimic some of its best drilling results of 24.55 g/t gold over 0.50 meters and 7.66 g/t gold over 1.25 meters in future development campaigns.

Since 2015, Hazeur has seen successful high-definition magnetic VTEM-type airborne surveying over the property and advanced drilling. This exploration reported significant gold intersections across seven drill holes. TomaGold intends to continue exciting exploration and property assessment of this valuable project into 2021.

Baird Property

TomaGold is currently in a joint venture with Evolution Mining and New Gold for the Baird property. The company holds a 24.5 percent interest in Baird, with Evolution owning a majority 51 percent as the project operator.

The Baird property lies in the prolific Red Lake gold belt 6 kilometers north of the Madsen Mine and 14 kilometers southwest of the Red Lake mine. The asset’s geological profile includes volcanic rock coverage and the famous structural and alteration system characteristics of Red Lake and Campbell mines. This profile could explain the impressive assay values of 172 g/t gold over 1.2 meters and 19 g/t gold over 1.8 meters reported from early drilling programs.

TomaGold plans to continue property assessment and development work for early 2021.

Management Team

David Grondin — President & CEO

David Grondin has worked in the financial and mining sectors for over 20 years. He has been the president and CEO of TomaGold since December 2011 and is a director of AM Resources. He was also president and CEO of NQ Exploration Inc. and has acted as a financial analyst for CTI Capital Inc. Grondin has a bachelor degree in business administration (finance) from HEC Montréal and experience in initial public offerings, mergers and acquisitions and reverse takeovers.

Martin Nicoletti, CPA, CGA — CFO

Martin Nicoletti is a certified general accountant with more than 22 years of experience. He has been involved in global exploration activities with public junior mining companies since 2004. His duties include financial controls and financial reporting. He presently acts as CFO for several public companies.

André Jean, P.Eng — Director of Exploration, Quebec

André Jean was the chief engineer geologist for the Monster Lake project from its commencement until his departure in 2018. He has over 35 years of geology experience, having worked for multiple mining companies located in Quebec, Central and South America and Africa, including Les Mines Seleine, Louvem, Lac Minerals and Osisko. Jean graduated from Université du Québec à Chicoutimi in 1979 with a degree in geological engineering.

Caitlin Jeffs, P.Geo — Director of Exploration, Ontario & Rest of Canada

Caitlin Jeffs received her Honors B.Sc. in Geology from the University of British Columbia in 2002. Caitlin has worked for several junior and major companies since 2002 in both gold and base metal exploration. Most of her experience has been with Placer Dome CLA Inc. and Goldcorp Inc. managing all aspects of in-depth exploration projects and specializing in GIS technology and 3D modeling of ore bodies. She is a founding partner and 33 percent owner of Fladgate Exploration Consulting Corporation of Thunder Bay, ON, a full-service mineral exploration consulting firm.

TomaGold reports strong geophysical anomalies on the southern portion of Obalski

TomaGold reports strong geophysical anomalies on the southern portion of Obalski

Company starts 3,000-metre drilling program to test the new anomalies

CEO Interview today at 9:00 AM ET: Update on Obalski

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TomaGold reports the outcome of its annual meeting

TomaGold reports the outcome of its annual meeting

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report the results of its annual general and special meeting of shareholders, which was held today on a hybrid basis. All the nominees listed in the Corporation's management proxy circular dated May 30, 2022, were re-elected as directors.

Shareholders holding 53,106,180 shares, or 33.04% of TomaGold's issued and outstanding shares were present or represented by proxy at the meeting.

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TomaGold completes its induced polarization survey on the southern portion of the Obalski property

TomaGold completes its induced polarization survey on the southern portion of the Obalski property

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce that it has completed the induced polarization (IP) survey announced on May 13, 2022 over the southern portion of its 100%-owned Obalski property, located 2 km south of Chibougamau, Quebec. The Corporation expects to receive the results integrating the December 2021 and May 2022 surveys from Abitibi Geophysics in the coming weeks.

The survey results will provide important data for the next drilling program on Obalski, scheduled for June-July 2022.

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TomaGold starts an induced polarization survey on the southern portion of the Obalski property

TomaGold starts an induced polarization survey on the southern portion of the Obalski property

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce that it has retained the services of Abitibi Geophysics of Val-d'Or to conduct an induced polarization (IP) survey over the southern portion of its 100%-owned Obalski property, located 2 km south of Chibougamau, Quebec. In preparation for the survey, the Corporation has cut an additional 9 km of lines covering the southern portion of the property.

In December 2021, Abitibi Geophysics conducted an IP survey and produced a preliminary report that demonstrated the presence of large geophysical anomalies to the west and south of the Obalski deposit, right at the edge of the survey grid. The same report also indicated that the geophysical coverage was insufficient, leading the Corporation to undertake this new survey and carry out linecutting during the winter of 2021-22.

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TomaGold intersects 1.83 g/t Au over 52.3 m, including 125 g/t Au over 0.5 m at a depth of 350 m at Obalski

TomaGold intersects 1.83 g/t Au over 52.3 m, including 125 g/t Au over 0.5 m at a depth of 350 m at Obalski

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report the last results of its 11,500-metre drilling program on its wholly-owned Obalski property in Chibougamau, Quebec. In this latest phase, the Corporation drilled five holes for a total of 2,409 m.

Table 1: Best drilling results

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STAG currently has the option to acquire 100% interest in the Burgeo Lithium asset located in Burgeo Newfoundland.

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Figure 1: Robinson's Salt Property Map in St. George's Bay, Newfoundland

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NV Gold Completes Initial Drilling Program at Sandy; Initiates First Stage Drilling Program at the Pickhandle Gold Project

NV Gold Completes Initial Drilling Program at Sandy; Initiates First Stage Drilling Program at the Pickhandle Gold Project

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that the Company has completed four Reverse Circulation ("RC") holes totaling 1,600 feet (487.7m) at the Sandy Project and has initiated a first-stage two to four-hole drilling program at the Pickhandle Gold Project in Lander County, Nevada ("Pickhandle

About the Pickhandle Gold Property

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GOLDEN SHIELD ANNOUNCES U.S. LISTING ON OTCQB UNDER THE SYMBOL "GSRFF"

GOLDEN SHIELD ANNOUNCES U.S. LISTING ON OTCQB UNDER THE SYMBOL "GSRFF"

-- (the " Company " or " Golden Shield ") is pleased to announce that it has received approval from OTC Markets Group Inc. to commence trading on the OTCQB Venture Market (the " OTCQB ") under the symbol "GSRFF". Trading on the OTCQB will commence on September 26, 2022 . The Company will continue to trade on the Canadian Securities Exchange in Canada under the symbol "GSRI".

Golden Shield Resources (CNW Group/Golden Shield Resources)

The OTCQB quotation is expected to provide enhanced liquidity to existing Company shareholders and potential shareholders by allowing investors to execute trades of the Company's common shares in the United States and in U.S. dollars.

Leo Hathaway , Chairperson, commented "This listing on the OTCQB is an important milestone for the Company, and provides both visibility and access to U.S.-based investors. This listing should promote increased liquidity and simplify transactions for U.S. investors and allow them to participate directly in Golden Shield as we advance our exploration properties in Guyana ."

Quotes for Golden Shield's US symbol will be available once the Company's stock commences trading today on the OTCQB at https://www.otcmarkets.com/stock/GSRFF/overview .

About OTC Markets Group Inc

OTC Markets Group Inc. (OTCQX: OTCM) in New York , operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. OTCQB is recognized by the U.S. Securities and Exchange Commission ("SEC") as an established public market for the purpose of determining the public market price when registering securities for resale with the SEC, and it provides current public information to investors that need to analyze, value, and trade securities.

About Golden Shield

Golden Shield Resources was founded by experienced professionals who are convinced that there are many more gold mines yet to be found in Guyana . The company is well-financed and has three wholly controlled gold projects: Marudi Mountain, Arakaka and Fish Creek. Golden Shield continues to evaluate other gold opportunities in Guyana .

Golden Shield trades on: the Canadian Securities Exchange in Canada under the symbol "GSRI"; the OTCQB Venture Market in the USA under the symbol "GSRFF"; and the Frankfurt Stock Exchange in Europe under the symbol "4LE0".

This news release includes certain "Forward Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward looking statements or information. These forward looking statements or information relate to, among other things: the exploration and development of the Company's mineral projects; and the impact of the Company's OTCQB quotation.

Forward looking statements and forward looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Golden Shield , future growth potential for Golden Shield and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Golden Shield's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Golden Shield's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward looking statements or forward-looking information and Golden Shield has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mineral exploration activities in Guyana ; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified in the Company's public disclosure documents available on www.sedar.com . Readers are cautioned against attributing undue certainty to forward looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated, or intended. The Company does not intend, and does not assume any obligation, to update these forward looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SOURCE Golden Shield Resources

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GCM MINING AND ARIS GOLD COMPLETE BUSINESS COMBINATION TO CREATE ARIS MINING

GCM MINING AND ARIS GOLD COMPLETE BUSINESS COMBINATION TO CREATE ARIS MINING

 GCM Mining Corp. (GCM Mining) (TSX: GCM) (OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS) (OTCQX: ALLXF) have completed the business combination previously announced on July 25, 2022 . The combined entity has been renamed Aris Mining Corporation and operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 230,000 ounces of gold in 2021. Aris Mining also owns two advanced development projects, the Marmato Lower Mine expansion and Toroparu Project, and is the operator and 20% shareholder of the Soto Norte joint venture, a large-scale underground project advancing its environmental permitting.

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Endeavour Silver Continues to Intersect High-Grade Mineralization at the Guanacevi Mine including 3.54 g/t Gold and 1,129 g/t Silver for 1,412 g/t Silver Equivalents over 7.28 meters

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Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) ("Endeavour" or the "Company") is pleased to report positive drill results from its ongoing drill program at the Guanacevi Mine in Durango state, Mexico. Drilling continues along the prolific Santa Cruz vein in two areas (view Santa Cruz Vein longitudinal section ), with the objective to convert, expand, and discover new resources.

The 2022 drill program has continued to focus on the El Curso property, establishing lateral and vertical extents of the mineralized zone between the Porvenir Cuatro and Milache mines. The exploration and exploitation rights to the El Curso property were obtained in 2019 from Ocampo Mining S.A. de CV., and have become an integral contributor to the operation. Recently, under the same agreement terms, the Company has tested the northwest extension of the Porvenir Dos orebody with encouraging results from initial drilling.

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