File: Attachment News Release Andy Chow.pdf

ANDY CHOW 101-278 Bay Street Thunder Bay, Ontario

P7B 1R8 Telephone: 1-866-907-5403

NEWS RELEASE

For Immediate Release

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

Vancouver, British Columbia, January 21, 2026 Andy Chow reports that pursuant to a private placement (the "Private Placement") of units ("Units") of Red Metal Resources Ltd. ("Red Metal"), on January 19, 2026 Mr. Chow acquired beneficial ownership of 2,500,000 Units of Red Metal at a price of C$0.06 per Unit for total consideration of C$150,000. Each Unit consisted of one common share of Red Metal (each, a "Common Share") and one Common Share purchase warrant ("Warrant"), with each Warrant being exercisable to purchase one Common Share at a price of: (i) C$0.09 per Common Share for the first 12 months from the date of issuance; C$0.12 per Common Share from 12-24 months after the date issuance; and (iii) and C$0.15 per Common Share from 24-36 months after the date of issuance, expiring on January 19, 2029.

Immediately prior to the Private Placement, Andy Chow had beneficial ownership of 4,215,000 Common Shares, representing approximately 10.53% of the then issued and outstanding Common Shares of Red Metal.

Immediately after the closing of the first tranche of the Private Placement, Mr. Chow had beneficial ownership of 6,715,000 Common Shares and 2,500,000 Warrants, representing approximately 13.66% of the issued and outstanding Common Shares on an undiluted basis and, assuming the exercise in full of the 2,500,000 Warrants acquired under the Private Placement, Mr. Chow would have deemed beneficial ownership of 9,215,000 Common Shares, representing approximately 17.84% of the deemed issued and outstanding Common Shares on a partially diluted basis.

Andy 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 (collectively, "Securities") 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+ (www.sedarplus.ca) or from Andy Chow at 1-866-907-5403.

"Andy Chow" ANDY CHOW