[Marinir] {Disarmed} TomaGold (TSX-V: LOT) Drills 237.6 g/t Gold Over 5.7 Metres at Monster Lake

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Wed Apr 11 17:22:17 CEST 2012


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http://tomagoldcorp.com 

TomaGold Hits High-Grade Intersection of 237.6 g/t Over 5.7 Metres at 
its Monster Lake Project 

Video Link to Core (in French) 

http://www.youtube.com/watch?v=GpolSJwMDMY 

TomaGold Corporation Inc. (TSX VENTURE: LOT 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=LOT&region=C&lookup=symbol&snapshot=default 

) ("TomaGold" or the "Company") is pleased to announce the discovery of 
a high grade intersection at its Monster Lake project near Chibougamau, 
Quebec. TomaGold has intersected 5.7 metres grading 237.6 g/t gold in 
Hole M-12-60, between 69.0 and 74.7 metres downhole in the NQ-calibre 
hole. More than 60 flecks of visible gold can be seen in the core of 
this intersection. 

David Grondin, President and Chief Executive Officer, said that: "This 
is a major discovery in terms of both grade and continuity. The 
intersection has strong exploration potential, as it is open along 
strike and at depth. We will make every effort in the coming weeks to 
mobilize a drill and continue drilling to test the potential of this 
very significant discovery." 

Hole M-12-60 is part of an 18-hole drilling program aimed at 
demonstrating the continuity of Zone 52 at depth and confirming the 
northern extension of the Annie Zone. The hole was drilled in the 
northeastern extension of the Annie Zone, along the Monster Lake 
gold-bearing corridor, which has already been traced over a distance of 
more than four kilometres by drilling. 

The assay results for the eight samples are strikingly uniform over the 
length of the intersection, as can be seen in the following table: 

Drill Results 

From To Length Au (ms) 

(g/t) Au (grav) 

(g/t) 

69.00 69.75 0.75 205.0 200.0 

69.75 70.50 0.75 181.0 184.0 

70.50 71.25 0.75 243.0 233.0 

71.25 72.00 0.75 75.8 105.0 

72.00 72.75 0.75 101.0 97.9 

72.75 73.50 0.75 381.0 379.0 

73.50 74.10 0.60 493.0 700.0 

74.10 74.70 0.60 59.0 59.0 

      Average 

214.4 g/t Au 5.70 m Average 

237.6 g/t Au 5.70 m 

The mineralized zone consists of a vein of black quartz hosted by a 
strongly sheared lapilli tuff. The surrounding tuff is completely 
silicified. The mineralized section contains native gold over its entire 
length, as well as about 2% pyrite, 1% pyrrhotite and trace 
chalcopyrite. The sheared tuff containing the black quartz vein lies at 
40°to the axis of the core, meaning that the reported width is not the 
true width. Based on visual observation of the shear zone in recently 
stripped areas and SOQUEM drill sections for the Annie Zone just to the 
south, the true width of the shear zone is estimated at 80% of the width 
cut by the core. 

Hole M-12-60 was processed first due to the amount of visible gold in 
the section. The Company is in the process of compiling the remaining 
results, which will be released as soon as they become available. 

SAMPLE PREPARATION AND ANALYSIS 

The NQ-diameter core is sawed in half, with one half kept as a witness 
sample and the other half shipped to the Table jamésienne de 
concertation minière in Chibougamau to be ground and pulverized. After 
primary grinding, the sample is quarter split, and one half is kept as a 
witness (reject) while the other half is sent for pulverization. 

The nominal weight of the pulverized pulp is 1,000 g unless the raw 
sample was less than 2 kg, in which case all of the pulp is sent to AGAT 
Laboratories in Mississauga, Ontario. 

AGATLabs (Mississauga, ON) takes a 50-g sample for processing by fire 
assay with atomic absorption finish. When values are higher than 10 g/t 
Au, gravity analysis is also done. 

Metallic sieve analysis is done in two stages. The 1 kg pulp is first 
screened using a +150 mesh screen. The entire coarse fraction is 
analysed by gravity fire assay, while a 50 g sample is taken from the 
fine fraction and also assayed by gravity fire assay. The final result 
is the weighted average for the two fractions. 

It is standard practice to use metallic sieve analysis when visible gold 
can be seen in the core, as is the case of the 5.7-metre section of 
214.3 g/t Au from Hole 60. Analysis of the same intersection by gravity 
fire assay returned a slightly higher value of 237.6 g/t Au over 5.7 m. 

ABOUT THE MONSTER LAKE PROJECT 

The Monster Lake property is located 44 kilometres southwest of the town 
of Chibougamau in northern Quebec. It is easily accessible by road and 
has a major power line nearby. From 1984 to 1995, SOQUEM drilled 142 
holes for nearly 20,000 meters of diamond drill core and excavated 
several trenches along this 4 kilometre long mineralized corridor. 
Before Stellar's drilling, there were more than 45 known intersections 
of greater than 1 g/t Au from drill core or channel samples. The three 
principal showings, Eratix, Zone IV/III and Zone 52, have been drilled 
at 50 meter intervals, but for the most part with only one hole per 
section, leaving several mineralized intersections wide open, along 
strike and at depth. 

The Monster lake property was recently acquired by TomaGold, along with 
two other gold projects (Urban and Vassan), from Stellar Pacific 
Ventures Inc. Over the past two years, Stellar drilled 46 diamond drill 
holes (5,235 m) on gold bearing structures defined along a 4 km long NNE 
striking mineralized corridor. The mineralization is related to dark 
quartz-sulphide veins within an altered shear zone ranging from 3 to 10 
metres in width in basaltic units. 

ABOUT TOMAGOLD CORPORATION INC. 

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. 

The technical content of this press release has been reviewed and 
approved by Mr. Maurice Giroux, a qualified person as defined in NI 
43-101 regulation. 

For a complete list of drill results from the Monster Lake project, 
please visit the TomaGold website at www.tomagoldcorp.com 

http://www.tomagoldcorp.com/ 

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. 

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