Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - Toogood Gold Corp. (TSXV: TGC) (OTCQB: TGGCF) (FSE: D3P) ("Toogood" or the "Company") today announced that it has entered into a definitive option agreement (the "Definitive Agreement") dated May 26, 2026 with Orogen Royalties Inc. and its subsidiary GenEx Exploration Inc. (collectively "Orogen"), and Altius Resources Inc. ("Altius"), and together with Orogen, the ("Vendors"), pursuant to which the Company has the exclusive right to earn a 100% interest in the Table Mountain Project (the "Project" or "Table Mountain"), located in Lincoln County, Nevada. Key Points Summary Definitive Agreement executed: Toogood has secured an exclusive option to earn a 100% interest in the Table Mountain Project in Nevada; Undrilled, district-scale low-sulphidation epithermal system: 4 x 2 km alteration footprint with multiple outcropping Au-Ag-bearing epithermal veins; Compelling first-pass geochemistry: Rock assays up to 2.6 g/t Au and >50 g/t Ag with strong Sb-As-Hg pathfinder anomalism, further supporting low-sulphidation epithermal affinity; No historical drilling: Large, well-preserved system remains effectively untested by modern exploration; Strategic location: 2-hour drive from Las Vegas and 10 km south of the Atlanta Gold Mine within the Indian Peak Caldera Complex; Aligned vendor structure: Equity-based earn-in with a 3.0% net smelter return ("NSR") royalty and staged buydown rights to 2.0%; Phase 1 exploration: Systematic property-wide campaign has commenced, including soil geochemistry (>6,150 samples), 1:5,000-scale structural and geological mapping, ground gravity, drone magnetics, prospecting, rock sampling and hand-held spectral analyses; Phase 2 exploration: Planned following Phase 1 and expected to include controlled-source audio-frequency magnetotellurics ("CSAMT") to map deeper resistive features, together with drill-target-focused mapping, prospecting and rock sampling; and Maiden drill program: Phase 1 exploration designed to deliver ranked drill targets and a permit-ready drill plan in Q3 2026.
Toogood Gold Signs Definitive Agreement for Option to Earn 100% Interest in the Table Mountain Project, Nevada
Source: Newsfile Corp