Mr. Andy Chow, a shareholder, reports

REPORT OF ACQUISITION OF COMMON SHARES OF RED METAL RESOURCES LTD.

Following the acquisition of 100,000 common shares of Red Metal Resources Ltd. on the Canadian Securities Exchange on Dec. 31, 2025, at a price of 5.5 cents per common share for total consideration of $5,500, Andy Chow had beneficial ownership of an aggregate of 4,004,700 common shares of Red Metal.

Immediately prior to the transaction, Mr. Chow had deemed beneficial ownership of 3,904,700 common shares representing approximately 9.75 per cent of the then issued and outstanding common shares of Red Metal.

Immediately after the transaction, Mr. Chow had beneficial ownership of 4,004,700 common shares representing approximately 10.00 per cent of the issued and outstanding common shares, resulting in Mr. Chow becoming a reporting insider (as defined under National Instrument 55-104, Insider Reporting Requirements and Exemptions) of Red Metal and requiring the filing of an early warning report pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Mr. Chow acquired the common shares of Red Metal for investment purposes. Mr. Chow may, from time to time and at any time, acquire additional common shares and/or other equity, debt or other securities or instruments of Red Metal in the open market or otherwise and reserves the right to dispose of any or all securities in the open market or otherwise at any time and from time to time and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of Red Metal and other relevant factors.

A copy of the related early warning report to be filed under applicable securities laws will be available under Red Metal's profile on SEDAR+ or from Mr. Chow at 1-866-907-5403.