w w w. t o m a g o l d c o r p . c o m

October 2018Investor Presentation

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This presentation contains certain “forward-looking statements”, including, but not limited to,statements regarding the Company’s strategic plans, timetables, the evolution of mineral reservesand resources, mine operating costs, capital expenditures, work programs, development plans,exploration programs, objectives, budgets and the possible determination of additional reserves.Forward looking statements express, at this date, the Company’s plans, estimates, forecasts,projections, expectations or beliefs as to future events and results.

Forward‐looking statements involve a number of risks and uncertainties, and there can be noassurance that such statements will prove to be accurate. Therefore, actual results and future eventscould differ materially from those anticipated in such statements. Risks and uncertainties that couldcause results or future events to differ materially from current expectations expressed or implied bythe forward-looking statements include, but are not limited to, factors associated with fluctuations inthe market price of metals, mining industry risks, exploration risks, environmental risks and hazards,uncertainty as to calculation of mineral reserves, requirement of additional financing or additionalpermits, authorizations or licenses, and risks of delays in construction and production.

DISCLAIMER

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DIVERSIFIED GOLD COMPANY

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Canadian Gold Explorer

- Monster Lake JV with IAMGOLD- 100%-owned Obalski gold project- Sidace Lake JV with Goldcorp- Baird JV with Goldcorp and New Gold.

Solid Team and Stakeholders

- IAMGOLD owns 19.9% of TomaGold- Other investors include Quebec funds- Experienced leadership team and

strong technical advisory board

DOMINANT LAND POSITION AT MONSTER LAKE

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DOMINANT LAND POSITION AT MONSTER LAKE

Monster Lake (JV IAMGOLD)

45% TomaGold

Hazeur70% TomaGold(+6 claims: 100% TomaGold)

Monster Lake East(Little Monster, Cookie Monster and Monster Island sectors)

100% TomaGold

Lac à l’eau jaune (JV IAMGOLD)

50% TomaGold

Winchester (JV IAMGOLD)

50% TomaGold

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Monster Lake West100% TomaGold

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• IAMGOLD (50%) TomaGold (45%) JV.

• Over 81,684 metres of drilling completed.

• 114 claims covering 3,336 hectares locatednear the Chibougamau mining camp, whichproduced 6.7 million ounces of gold.

• Five major gold zones over a 4.5 km goldcorridor: Megane, 325, Annie, 52, andEratix.

• Strong high-grade gold potential: over 30drill intersections returning grades rangingfrom 10.0 to 237.6 g/t Au.

• Very favourable exploration potential asproject comprises 12 other gold showingswith economical grades.

MONSTER LAKE PROJECTJOINT VENTURE WITH IAMGOLD

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Main terms of JV agreement

• IAMGOLD must incur $10 million inexploration work over 7 years to earnadditional 25% interest).

• Agreement includes two future success-based contingent payments based onspecific milestones: IAMGOLD’s decision tobuild a mine and the beginning ofcommercial production. For each of thesemilestones, IAMGOLD would pay anadditional $1 million to TomaGold.

• IAMGOLD is the project operator during theacquisition period with the support ofTomaGold’s geological team.

MONSTER LAKENI 43-101 Resource Estimate

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On March 28, 2018, IAMGOLD announced the results of its first mineral resource estimate:

• Mineral resources are reported at a cut-off grade of 3.5 g/t Au, using a gold price of US$1,300/ounce and a Canadian$/U.S.$ exchange rate of 1.28.

• High-grade capping (g/t Au) was done on raw assay data and ranges from 20 to 150 g/t Au, based on the statistical analysis of each mineralized zone.

• The estimate incorporates assay results from 105 diamond drill holes variably spaced from 50 to 200 metres apart and totaling nearly 39,000 metres.

• The potential for adding additional resources along the identified shear structures is considered favourable and remains the focus of ongoing exploration programs.

Classification Tonnage Gold Grade(g/t Au)

Contained Ounces(Au)

Inferred 1,109,700 12.14 433,300

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MAIN HIGHLIGHTS

• Intersected second gold zone along the Monster Lake Shear Zone in an area located 200 to 400 metres to the north of the 325-Megane Zone and the Lower Shear Zone Parallel to the main zone.

325-Megane Zone and Main Shear Zone:

• Drill hole ML18-212: 3.83 m grading 23.96 g/t Au Includes: 1.30 m grading 67.22 g/t Au

• Drill hole ML18-213: 3.84 m grading 39.24 g/t Au Includes: 1.09 m grading 127.4 g/t Au

• Drill hole ML18-217: 5.32 m grading 40.94 g/t Au Includes: 0.70 m grading 251.0 g/t gold

• Drill hole ML18-225: 2.62 m grading 72.17 g/t Au Includes: 1.75 m grading 107.3 g/t gold

Lower Shear Zone:

• Drill hole ML18-224: 4.32 m grading 32.07 g/t Au Includes: 0.74 m grading 134.0 g/t Au

• Drill hole ML16-176B Ext : 0.70 m grading 14.10 g/t Au

MONSTER DRILLING RESULTSPublished June 14, 2018

M

OBALSKI PROJECTPast gold-copper producing property

• TomaGold acquired 100% interest for 4million shares and cash payments totaling$500,000 over four years, including $100,000at closing.

• Property includes one mining concession andhosts seven separate mineralized zones, one85-metre shaft and two ramps.

• In 1964, United Obalski Mining Co. Ltd. mined90,093 tons grading 3.0 g/t Au, 6.2 g/t Agand 1.53% Cu.

• 230 holes were drilled on the property for atotal of more than 60,000 metres, most ofwhich was shallow drilling.

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OBALSKI PROJECTPast gold-producing property

• Latest results from hole OB-17-02, drilled about 125 metres east of the old Zone A underground workings, intersected semi-massive sulphides grading: 15.0 g/t Au, 46.8 g/t Ag and 10.4% Cu over 2.0 metres, including 21.3 g/t Au, 52.3 g/t Ag and 8.6% Cu over one metre, at a vertical depth of 95 metres (March 16, 2017).

• Results from six short holes drilled in 2012 on Zone C:

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• Advanced gold project located in the Red Lake mining camp, in Ontario.

• Acquired a 39.5% interest in the Sidace Lake project for 15 million shares.

• Goldcorp holds a 60.5% interest under the terms of a JV.

• NI 43-101 Indicated and Inferred resource of over 360,000 ounces of gold.

• MDZ and UDZ zones are both open laterally and at depth.

SIDACE LAKE PROJECT JV WITH GOLDCORP

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TOMAGOLD CORPORATION

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SIDACE LAKE PROJECT

Zone Tonnes g/t Au Total oz Au

MDZ Indicated Resource 1,119,500 3.00 107,900Inferred Resource 1,677,200 3.01 162,500

UDZ Indicated Resource 247,600 4.19 33,300Inferred Resource 425,800 4.11 56,300

Total Indicated Resource 1,367,200 3.21 141,300Total Inferred Resource 2,103,100 3.24 218,800

• Sidace Lake NI 43-101 mineral resource estimate using a 1.5 g/t Aucut-off grade and a 35 g/t Au high grade cap, based on a gold price ofUS$800/oz and a US$:C$ exchange rate of 1:1.2

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BAIRD PROPERTYJV WITH GOLDCORP AND NEW GOLD

• TomaGold holds a 24.5% interest in the property, with New Gold holding a 24.5% interest and Goldcorp (operator), owning the remaining 51% interest.

• The Baird property lies in the central Red Lake gold belt six kilometres north of the Madsen Mine and fourteen kilometres southwest of the Goldcorp Red Lake Mine.

• The property lies within the highly prospective Balmer assemblage of volcanic rocks and exhibits structural and alteration systems typical of the Goldcorp Red Lake and Campbell mines.

• Drilling in the 1980's by United Reef on Baird returned assay values of 172 g/t gold over 1.2 metres and 19 g/t gold over 1.8 metres.

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NEXT STEPS

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Monster Lake

• IAMGOLD is planning a winter drilling program.

Monster Lake East

• A 3,500-metre drilling campaign is recommended.

Hazeur

• A 7,500-metre drilling campaign is recommended.

Obalski

• A 5,000-metre drilling campaign is recommended to delineate a certain tonnage under zone A, which has been mined to a depth of 61 m. This zone also appears to be projecting westward in depth to hole OBS-87-2, which returned 9.59 g/t Au over 5.2 metres.

Lake Doda

• Prospecting, line cutting, geophysical survey, stripping and sampling.

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CAPITAL STUCTURE

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Shares outstanding 139.6 millionOptions(average exercise price: $0.12)

11.0 million

Warrants nil

Shares fully diluted 150.6 million

Share price(as of September 30, 2018)

$CA 0.055

High - low(52 weeks)

$CA 0.085 - $CA 0.045

Market capitalization $CA 7.7 million

Institutional ownership 55% (Asia, Europe and NA),incl. 19.9% by IAMGOLD

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SENIOR MANAGEMENT TEAM / BOARD OF DIRECTORSDavid Grondin, President, CEO and DirectorDavid Grondin has worked in the financial and mining sectors for over 20 years. Hehas been President and Chief Executive Officer of TomaGold since December 2011and is a director of AM Resources (TSXV: AMR). He was President and ChiefExecutive Officer of NQ Exploration from October 2007 to May 2018 during thespin-off process that created Imperial Mining (TSXV: IPG) and AM Resources. Healso acted as a financial analyst for CTI Capital Inc. from 1997 to 2000. Mr. Grondinhas a bachelor degree in business administration (finance) from HEC Montréal andextensive experience in initial public offerings, mergers and acquisitions and reversetakeovers.

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Martin Nicoletti, CPA, CGA, CFOMartin is a certified general accountant with more than 22 years of experience. Hehas been involved in global exploration with public junior mining companies since2004. He presently acts as chief financial officer for a number of public companies.

Pierre Lépine, CPA, DirectorMr. Lépine is director of Dynacor Gold Mines since June 2014. He is also ExecutiveVice-President and co-founder of Groupe ABP. He also held various senior positionsincluding Director, Investment Private Placement at Caisse de dépôt et placementdu Québec from 2006 to 2008.

Robert Rosner, Executive ChairmanMr. Rosner has significant experience as a mining industry entrepreneur andexecutive who currently acts as a Director, CFO and Executive Vice President ofLucky Minerals Inc., Director and CFO of Chimata Gold Corp. and Director and CFOof Emgold Mining Corporation. Early in his career he initiated the formation of anumber of junior exploration mining companies, including Fortuna Silver Mines(NYSE: FSM) and Niogold Mining Corp. (TSX.V: NOX – Acquired and wholly owned byOsisko), and played instrumental roles in managing these, and other, resourceventures involved in early stage exploration, resource location, delineation, anddevelopment. He has successfully utilized his extensive experience in public andprivate company management for over 30 years.

Claude Larouche, Eng., Exploration ManagerClaude has over 45 years of experience in mining exploration and development. Heworked as an independent consultant since 1980 and has completed a number ofexploration programs for prospectors, junior mining companies, senior miningcompanies and government agencies largely in Quebec and Ontario. Claude isspecialized in precious metals, base metals and industrial minerals.

Robert Desjardins, Adm. A, DirectorMr. Desjardins is a member of the Corporation des Administrateurs agréés duQuébec. He has been the president of Robert G. Desjardins et Associés Inc., acorporate finance and financial products development firm, since 1989.

Vittorio Violo, DirectorMr. Violo is COO of PNS-Tech Inc., a Quebec-based manufacturer. Since November2010, he serves on various strategic management committees of Sigma Industries(TSX-V: SSG). Mr. Violo worked for eight years in Canadian capital markets as aninvestment advisor, where he developed expertise in mergers and acquisitions andcorporate finance.

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Jean Martineau, DirectorMr. Martineau has worked in the Canadian mining industry for more than 25 yearsas a director of junior exploration companies and an investment broker, and hasbeen the CEO and President of Dynacor Gold Mines since the company was listedon the TSX in 2007. Over the last 20 years, he has focused on South America andhas acquired in-depth knowledge of the management of natural resourcecompanies in South America. His Latin American expertise has been of primeimportance in the development of Dynacor Gold Mines’ operations in Peru. Prior toworking in the mining industry, he worked in the pulp and paper industry for morethan 12 years, where his last assignment was in Venezuela.

STRONG TECHNICAL ADVISORY BOARDAlain Bureau, B.Eng.Mr. Bureau has Canadian Armed Forces officer training and an engineering degree from the Royal Military College of Canada. He has workedin the mining and construction industry in Canada and Latin America for over 20 years. He was involved in sizeable international projects inChile, Peru, Venezuela and the Dominican Republic, and acted as the plant construction manager during the acclaimed construction of thePinos Altos mine for Agnico Eagle in Mexico. Mr. Bureau was President and CEO of Pershimco Resources until it successfully merged with OrlaMining Ltd. to create a new gold company in a transaction valued at over $200 million. Mr. Bureau is currently a resident of Panama, andremains highly involved in the mining industry in Latin America as a member of the Mining Chamber of Panama and Vice President of thePanama-Canada Chamber of Commerce.

Robin L. Phinney, P.Eng.Mr. Phinney earned a chemical engineering degree at Lakehead University. Early in his career he acquired valuable experience in plantengineering, process development, product development and sales and marketing, namely from Potash Corporation of Saskatchewan andKaolin Industries. In 2002, he co-founded Whitemud Resources, and then served as its vice president of engineering from 2005 to 2007. In2007, he founded Karnalyte Resources, where he was President and CEO and a director until 2014 and then as its President and Chairman anda director until 2017.

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T O M AG O L D C O R P O R AT I O NT S X V: L O T

DAVID GRONDIN, PRESIDENT & CEOd a v i d . g r o n d i n @ t o m a g o l d c o r p . c o m

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