TomaGold Makes Cash and Share Payments

ROUYN-NORANDA, Québec, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US), herein called Chibougamau, is pleased to inform shareholders that TomaGold Corporation (“TomaGold”) (TSXV: LOT, OTCQB: TOGOF) has deposited $500,000 in the bank account of Chibougamau as required. Under the option agreement for the West Block of claims TomaGold deposited $300,000, the first-year option payment. Also, per the Letter of Intent (“LOI”), $200,000 was deposited related to an exclusive six-month due diligence period to study the East Block of claims. (See Chibougamau press release dated August 14, 2023 for details of the option agreement and LOI).

Read more at globenewswire.com