TomaGold's Tech-Fueled Blitz Aims to Revive Quebec's Mining Heartland

MONTREAL, QC – August 12, 2026 – In the world of junior mining, news flow is king, and right now, TomaGold Corporation is building a kingdom. The Montreal-based explorer has unleashed a multi-front exploration campaign across its properties in Quebec’s storied Chibougamau mining camp, a district that once pulsed with copper and gold production. Anchored by increasingly impressive drill results at the historic Berrigan Mine, the company is deploying a full-spectrum toolkit of modern technology, signaling a strategic, data-driven assault on unlocking new value in old ground.

While many junior miners operate on a linear path—raise money, drill holes, repeat—TomaGold's current strategy is a masterclass in parallel processing. The company has drilling, multiple geophysical surveys, and several geochemical sampling programs all running concurrently. This integrated approach isn’t just about being busy; it's about building a comprehensive, three-dimensional understanding of the mineral systems beneath their feet, de-risking future investment and dramatically increasing the odds of a major discovery.

Beyond the Drill Bit: A Modern Exploration Playbook

At the heart of TomaGold's strategy is the synergy between drilling and advanced geophysics. The drill bit provides the ultimate ground truth, but it’s an expensive and narrowly focused tool. To guide it, the company is using a suite of technologies that act as its 'eyes' underground.

Three complementary geophysical surveys are being layered to create a detailed map of the subsurface. An Audio-frequency Magnetotelluric (AMT) survey, which measures natural variations in the Earth’s magnetic field, is being used to image deep structural architecture—the regional-scale faults and shears that act as plumbing for mineralizing fluids. This allows the company to see well beyond the depths of current drilling to identify new corridors with the potential to host systems similar to their Berrigan Deep discovery.

In parallel, a large-scale UTEM survey, a powerful electromagnetic method capable of detecting conductive bodies up to three kilometers deep, scans the district for targets that light up like the known mineralization at Berrigan. Finally, Borehole Electromagnetic (BHEM) surveys lower probes down completed drill holes to hunt for 'off-hole' conductors. This is the technology that led to the original Berrigan Deep discovery, proving that mineralization extended beyond the initial drill intercepts. By systematically surveying every new hole, TomaGold maximizes the return on every dollar spent on drilling.

This high-tech approach is complemented by classic, boots-on-the-ground geochemistry, but with a modern twist. Alongside traditional rock and soil sampling across dozens of historical showings, the company has completed a biogeochemical program, analyzing 735 tree bark samples. Trees act as natural pumps, drawing up trace elements from the soil and bedrock. Analyzing their bark can reveal subtle chemical fingerprints of buried mineralization, a particularly effective technique in areas like Chibougamau where thick glacial overburden can mask what lies beneath.

Berrigan Deep: Breathing New Life into a Historic Asset

The focal point for this technological onslaught is the Berrigan Mine project. This isn't a virgin discovery; the property has a historical, non-compliant resource estimate dating back to 2001. What’s different now is the context and the technology. TomaGold’s recent drilling has not only confirmed the presence of high-grade zinc, gold, silver, and copper, but it has fundamentally changed the understanding of its scale.

Recent extension drilling has been a resounding success. Hole TOM-25-011EXT returned a massive 204.25-metre mineralized intersection, confirming the vertical continuity of the Berrigan Deep zone. A subsequent hole, TOM-25-009EXT, confirmed its lateral continuity over more than 250 metres. These are the kinds of results that turn heads, demonstrating a robust mineralizing system. With assay results for three more extension holes still pending, the market is watching closely. Consistent visual mineralization was logged in all holes, creating significant anticipation for the data to come.

As Jean Lafleur, TomaGold's Vice President of Exploration, noted, the integration of these efforts is key. “What excites me most is how these programs complement one another. The drilling and BHEM data are refining our understanding of the Berrigan Deep conductive plate at depth, while AMT and UTEM extend that structural mineralization picture across the wider district.”

The Chibougamau Renaissance

TomaGold's aggressive push is not happening in a vacuum. It is part of a broader renaissance in the Chibougamau camp. After decades of relative quiet following the closure of its last operating mines in 2008, the district is seeing a resurgence of activity. Major players like Troilus Gold and Kenorland Minerals are re-writing the potential of the region, attracting fresh investment and demonstrating the value that modern exploration concepts can bring to a historic camp that has already produced over 1.6 billion pounds of copper and 3.2 million ounces of gold.

This regional activity provides a crucial backdrop for TomaGold. It validates the prospectivity of the geology and creates a competitive, news-rich environment that benefits all operators. By consolidating a significant land package through options on 12 different properties, TomaGold has positioned itself as a key player in this unfolding story, leveraging the work of its neighbors while building its own pipeline of prospects.

Fueling the Exploration Engine

Such an ambitious, multi-pronged exploration campaign is not cheap. The company has been actively shoring up its treasury, closing a $2.1 million private placement at the end of 2025 and raising further funds in 2026. Critically, it has attracted strategic institutional backing from Quebec-based funds like SIDEX and NQ Investissement Minier, a strong vote of confidence in the company's local projects and management. A timely $1 million cash payment from IAMGOLD related to a past property sale also provided a non-dilutive boost to the balance sheet.

This constant need to fund exploration is the reality for any junior explorer, but TomaGold is ensuring every dollar is magnified through its integrated, technology-driven strategy. The pending results from the five separate workstreams—three drill holes, three geophysical surveys, and two geochemical campaigns—represent a powerful set of potential catalysts.

As President and CEO David Grondin stated, “TomaGold has never had more irons in the fire, and that is exactly where we want to be... Every one of these datasets has the potential to move the story forward, and we look forward to sharing results with shareholders as they become available in the coming weeks.”