Mr. Tyler Thorburn reports

TSX-V: TT ANNOUNCES CLOSING OF TRANCHE 1 FLOW-THROUGH FINANCING FOR $5.2MM

Further to Total Metals Corp.'s news release dated Nov. 25, 2025, the company has closed the first tranche of its non-brokered private placement financing consisting of critical minerals flow-through units (each, a CMFT unit) and national flow-through units, for aggregate gross proceeds of $5,216,454.

The company issued 3,056,481 CMFT units at a price of $1.15 per CMFT unit. Each CMFT unit comprises one common share of the company issued as a flow-through share designated as a critical mineral flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant. Each whole CMFT warrant entitles the holder to acquire one common share at a price of $1.15 for a period of 36 months from the date of issuance.

Additionally, the company issued 1,620,477 flow-through units at a price of $1.05 per FT unit. Each FT unit comprises one flow-through common share issued as a flow-through share designated as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one warrant. Each whole FT warrant entitles the holder to acquire one common share at $1.15 for 36 months from the date of issuance.

The gross proceeds from the issuance of the units will be used to incur eligible flow-through critical mineral mining expenditures, and flow-through mining expenditures, respectively, which will be renounced to subscribers with an effective date no later than Dec. 31, 2026, all in accordance with the Income Tax Act (Canada) and applicable provincial legislation.

In connection with the offering, the company paid a cash finders' fees totalling $312,987.24 and issued 280,618 non-transferable finder warrants to certain eligible arm's-length finders who introduced subscribers to the offering. Each finder warrant entitles the holder to purchase one common share at a price of $1.10 per finder share for a period of 36 months from the date of issuance.

The company plans to use the net proceeds from the offering for the advancement of the company's wholly owned Electrolode project, High Lake and West Hawk Lake projects. The offering is subject to final approval of the TSX Venture Exchange. All securities issued are subject to a statutory hold period of four months and one day, expiring April 6, 2026.

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.

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