Mr. Tyler Thorburn reports

TT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Total Metals Corp. has arranged a non-brokered private placement of up to approximately 6,666,666 units at a price of 90 cents per unit, for aggregate gross proceeds of up to approximately $6-million.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at a price of $1.15 for a period of 36 months from the applicable closing date.

The company will (i) pay a cash finder's fee to certain eligible finders of up to 8 per cent of the aggregate gross proceeds of subscriptions facilitated by such finders; and (ii) issue such number of finders' warrants that is equal to up to 8 per cent of the number of units sourced by the finder, with each finder's warrant entitling the holder thereof to purchase one share at an exercise price of 90 cents per finder's warrant share for a period of 36 months following the closing date of the private placement. Payment of any finders' fees remains subject to applicable regulatory approvals, including the TSX Venture Exchange.

The company plans to use the net proceeds from the private placement for the advancement of the company's wholly owned Electrolode project, High Lake and West Hawk Lake projects, as well as for working capital and general corporate purposes. The company may reallocate the use of proceeds for sound business reasons and as circumstances warrant.

The private placement is scheduled to close on or around Nov. 28, 2025, and is subject to certain conditions including, but not limited to the approval of the TSX Venture Exchange, and the receipt of all necessary approvals including the approval of the TSX-V and the applicable securities regulatory authorities. The units will be offered to accredited investors, as defined under National Instrument 45-106 -- Prospectus Exemptions .

The units will be offered: (a) by way of private placement in all of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended; and (c) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities to be issued pursuant to the private placement to purchasers in Canada will be subject to a four-month-and-one-day hold period in Canada pursuant to applicable Canadian securities laws. The units will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 -- Distributions Outside Canada and, accordingly, the securities to be issued pursuant to the private placement to purchasers outside of Canada are not expected to be subject to a four-month-and-one-day hold period in Canada.

Further to its news release dated Oct. 20, 2025, whereby the company announced the closing of the first tranche of its private placement offering, the company announces that an additional $2,400 and 4,000 non-transferable finder warrants were paid and is sued to certain eligible arm's-length finders who introduced subscribers to the private placement. Each finder warrant entitles the holder to purchase one common share at a price of 60 cents per finder share for a period of 36 months from the date of issuance.

About Total Metals Corp.

Total Metals is focused on its 100-per-cent-owned Electrolode project covering 3,000 contiguous hectares. The Electrolode project is targeting high-potential mineral resources in three favourable geologic trends, located near major mines in the Red Lake gold camp and is strategically located between Kinross Gold's Great Bear project and First Mining Gold's Springpole project. The Electrolode project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential plus new, untested targets ready for further exploration. Total Metals also owns 100 per cent of the High Lake and West Hawk Lake projects located along the Trans-Canada Highway straddling the Manitoba/Ontario border. The Purex zone on the High Lake project has significant exploration potential and will be the primary target for initial exploration and potential future mining activities. The West Hawk Lake project comprises 23 mining claims totalling 336 hectares, located within southeastern Manitoba.

We seek Safe Harbor.