LOI To Acquire the Table Mountain Project

VANCOUVER – Toogood Gold Corp. has entered into a binding Letter of Intent (LOI) with Orogen Royalties Inc. and Altius Minerals Corporation to acquire the exclusive option to earn a 100% interest in the Table Mountain Project, a greenfields, undrilled, district-scale, low-sulphidation epithermal gold-silver project in Lincoln County, Nevada.
“Table Mountain represents a rare, discovery-stage opportunity in Nevada: a district-scale low-sulphidation epithermal system that appears exceptionally well preserved at surface and has no known historical drilling,” stated Colin Smith, CEO of Toogood Gold Corp. “The Project’s vein textures, coherent alteration footprint, and strong pathfinder geochemistry provide a clear technical rationale to vector toward prospective boiling horizons and rapidly generate multiple priority drill targets. Our Phase 1 program is planned to be systematic and milestone-driven, with the objective of delivering a permit-ready maiden drill plan by Q3 2026. Table Mountain adds near-term drilling upside while we continue to advance and refine targets at our Toogood Gold Project in Newfoundland. We view Orogen and Altius’ retained equity and NSR exposure as a meaningful alignment of interests as we advance the Project.”