Chibougamau Announces New Polymetallic Intersections at Depth on its Berrigan Mine Property

About this update from Chibougamau Independent Mines, Inc.

Chibougamau Announces New Polymetallic Intersections at Depth on its Berrigan Mine Property ROUYN-NORANDA, Québec, June 30, 2026 (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 report that Tomagold Corporation (LOT-TSXV, TOGOF-OTCPK) has provided an update as regards recent drilling on the Berrigan Mine claims in the Chibougamau area of Quebec. The Berrigan Mine claims and a large number of others are under option from Chibougamau Independent Mines Inc. as updated in a CBG press release dated 2025-09-30. TomaGold has announced assay results from the first of five extension holes, TOM-25-011EXT, completed as part of Phase 2 of its drilling program at the Berrigan Mine Project, located in the Chibougamau Mining Camp of Québec. The extension of hole TOM-25-011 was designed by TomaGold to test modeled conductive plates at depth within the Berrigan Deep Zone. The hole, which reached a final depth of 834.70 m, intersected a 204.25 m mineralized envelope (see Exhibits 1 and 2), as well as several gold- and zinc-rich lenses within the broader mineralized structure. Highlights from the Assay Results on the Berrigan drilling Major intersection of 204.25 m grading 2.05% ZnEq (0.48 g/t AuEq) (from 553.90 m to 758.15 m) in extension hole TOM-25-011EXT, underscoring the scale of the mineralized system within the Berrigan Deep Zone, including: 31.31% ZnEq (7.38 g/t AuEq) over 2.40 m (from 554.40 m to 556.80 m)5.93% ZnEq (1.38 g/t AuEq) over 4.60 m (from 681.55 m to 686.15 m)5.90% ZnEq (1.38 g/t AuEq) over 7.45 m (from 697.05 m to 704.50 m)4.62% ZnEq (1.08 g/t AuEq) over 14.40 m (from 591.00 m to 605.40 m) Additional high-grade intersections: Prior to reaching the Berrigan Deep Zone, the hole extension also intersected a zone grading 3.02% ZnEq over 12.45 m (from 498.30 m to 510.75 m), including 16.23% ZnEq over 1.40 m. In addition, the original hole TOM-25-011 had previously identified several higher-level zones of interest, including 14.14% ZnEq over 2.00 m (from 307.50 m to 309.50 m).Results pending for holes TOM-25-009EXT, TOM-25-010EXT, TOM-25-012EXT and TOM-25-013EXT: Mineralization was consistently observed in drill core recovered from the four other extension holes, for which ass...

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