TomaGold Corporation announced 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.

Stock option grant The Corporation has also granted 3,900,000 stock options under its stock option plan to directors, officers and consultants of the Corporation, entitling them to acquire the same number of common shares of the Corporation at a price of $0.10 per share for a period of five years.