Mr. Mark Trevisiol reports

MCFARLANE LAKE CLOSES SALE OF HIGH LAKE AND WEST HAWK LAKE PROPERTIES FOR $9.25 MILLION

McFarlane Lake Mining Ltd. has closed the previously announced sale of the High Lake and West Hawk Lake properties to Total Metals Corp. for total consideration of $9.25-million, receiving $7.25-million in cash and 3,333,333 common shares of Total Metals, issued at a deemed price equal to 60 cents per share. As of Oct. 24, 2025, Total Metals' shares have averaged $1.25 on the TSX Venture Exchange over the five trading days ended Oct. 24, 2025.

The sale of the High Lake and West Hawk Lake properties aligns with McFarlane's strategy to focus on the exploration and development of the company's flagship Juby gold project, where the company recently announced a new mineral resource estimate (see news release dated Oct. 7, 2025, and resource statement herein).

Mark Trevisiol, chief executive officer and chairman of McFarlane, commented: "The monetization of our High Lake and West Hawk Lake properties has significantly strengthened our balance sheet and allows us to focus predominately on advancing the Juby gold project. With planned drilling fully funded and our drill permit application submitted, we're eager to begin drilling and showcasing the opportunity at Juby for resource expansion. In the coming weeks, we will share more details with our stakeholders on our strategy for expanding gold resources. In parallel, we are also focusing on reviewing environmental baseline proposals on the property. We look forward to sharing our detailed development plans with all stakeholders and we wish Total Metals success as they begin work on the High Lake and West Hawk Lake properties."

About McFarlane Lake Mining Ltd.

McFarlane Lake Mining is a Canadian gold exploration company focused on advancing its flagship Juby gold project, located near Gowganda, Ont., within the established Abitibi greenstone belt. The Juby project hosts a current (effective Sept. 29, 2025) National Instrument 43-101-compliant mineral resource estimate (MRE) of 1.01 million ounces of gold in the indicated category at an average grade of 0.98 gram per tonne gold (31.74 million tonnes) and an additional 3.17 million ounces of gold in the inferred category at an average grade of 0.89 gram per tonne gold (109.48 million tonnes). The estimate was calculated using a long-term gold price of $2,500 (U.S.) per ounce, applying cut-off grades of 0.25 gram per tonne gold for open-pit resources and 1.85 grams per tonne gold for underground resources.

A sensitivity analysis completed at a higher gold price of $3,750 (U.S.) per ounce resulted in an indicated mineral resource of 1.20 million ounces grading 0.94 gram per tonne gold (39.51 million tonnes) and an inferred mineral resource of 4.23 million ounces grading 0.85 gram per tonne gold (154.50 million tonnes), applying cut-off grades of 0.25 gram per tonne gold for open-pit resources and 1.15 grams per tonne gold for underground resources.

The independent MRE was prepared by BBA E&C Inc. in accordance with NI 43-101, Standards of Disclosure for Mineral Projects. The full technical report supporting the resource estimate will be filed on SEDAR+ within 45 days of the company's public announcement of the MRE.

McFarlane is actively planning an exploration drilling program and additional technical studies at the Juby project to further evaluate and advance this large-scale gold system.

In addition to Juby, McFarlane holds a portfolio of 100-per-cent-owned gold assets across Ontario, including the past-producing McMillan gold mine and Mongowin properties located approximately 70 kilometres west of Sudbury and the Michaud/Munro properties located 115 kilometres east of Timmins. McFarlane Lake Mining is a reporting issuer in Ontario, British Columbia and Alberta.

Qualified person

The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, PGeo, consulting geologist for the company, and a qualified person as defined under NI 43-101. Technical information was also reviewed by Mark Trevisiol, PEng, an officer of McFarlane and a qualified person under NI 43-101.

Adviser

Wildeboer Dellelce LLP is acting as legal counsel for McFarlane.

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