MONTREAL, QUEBEC--(Marketwired - Dec. 24, 2014) - TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to report today that it has closed a non-brokered flow-through private placement totalling $287,000.

The private placement consists in the issuance of 2,870,000 flow-through common shares at $0.08 per share and 1,148,000 non-flow-through common shares at $0.05 per share. TomaGold will use the proceeds from the private placement for exploration work on its Quebec properties, and for working capital purposes.

At the closing, the Company shall pay to various finders cash fees of $25,700 as well as 359,800 finder's warrants, which respectively are equivalent to a maximum of 10% of the gross proceeds raised by said finders, as well as a maximum number of warrants equal to 10 % of the number of common shares issued through said finders. Each finder's warrant will allow the holder to subscribe one (1) additional common share of the Company at a price of $0.08 for a 12 month period following the closing of the private placement. All securities issued in the private placement, including the finder's warrants and the underlying common shares, will be subject to a mandatory holding period of four (4) months and one (1) day.

The private placement is subject to regulatory approval.

About TomaGold Corporation

TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.

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. The statements made in this news release that are not historical facts are "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those described in these "forward-looking" statements.

Contact Information:

TomaGold Corporation
David Grondin
President and Chief Executive Officer
(514) 206-7727