TomaGold, IAMGOLD Sign $17.575M Agreement on Monster Lake, Winchester and Lac a l'eau jaune Gold Projects

TOMAGOLD CORPORATION

and IAMGOLD Corporation

are pleased to announce that they have finalized an option agreement in which IAMGOLD may earn a 50% interest in each of the Monster Lake, Winchester and Lac a l'eau jaune properties (the "Properties") for a total of $17.575 million, including $16 million in exploration work and $1.575 million in payments over five years. The schedule of cumulative investments to be made by IAMGOLD is as follows:Exploration commitments Payments to TomaGold