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Total Metals Corp
Symbol TT
Shares Issued 57,391,311
Close 2025-12-15 C$ 0.99
Market Cap C$ 56,817,398
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Total Metals files High Lake-West Hawk Lake report

2025-12-15 14:11 ET - News Release

Mr. Tyler Thorburn reports

TOTAL METALS FILES TECHNICAL REPORT FOR THE HIGH LAKE -- WEST HAWK LAKE PROJECT; HIGH GRADE GOLD RESOURCE CONFIRMED

Total Metals Corp. has filed a technical report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, and independently prepared by English River Geoscience Ltd. for the 100-per-cent-owned High Lake-West Hawk Lake project. The technical report was completed and filed to satisfy an undertaking with the TSX Venture Exchange to file a technical report in compliance with NI 43-101 in respect of the project within 45 days of the project acquisition closing date. The High Lake-West Hawk Lake project comprises the High Lake property in Northwestern Ontario and the West Hawk Lake property in southeastern Manitoba.

The technical report, titled "Technical Report and Mineral Resource Estimate of the High Lake-West Hawk Lake Gold Project," with an effective date of Nov. 30, 2025, confirms the current mineral resource estimate (MRE) for the Purdex zone at High Lake, independently prepared by P&E Mining Consultants Inc. previously on June 30, 2023.

The technical report is available on SEDAR+ under the company's issuer profile.

The MRE (see Table 1) has been classified in accordance with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Definition Standards on Mineral Resources and Mineral Reserves (CIM, 2014) and follows the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (CIM, 2019).

These mineral resources are not mineral reserves as they have not demonstrated economic viability. The quantity and grade of reported inferred mineral resources in this news release are uncertain in nature and there has been insufficient exploration to define these mineral resources as indicated or measured; however, it is reasonably expected that most of the inferred mineral resources could be upgraded to indicated mineral resources with continued exploration.

The mineralized zone associated with the Purdex zone extends to surface and there may be an opportunity to mine these mineral resources early in a development project through an open pit. P&E has reviewed two potentially feasible pit options and subsets of the mineral resource that could be exploited through these options, which are outlined in Table 2 below.

Qualified person

The technical contents of this news release have been reviewed and approved by Dr. Colin Bowdidge, PhD, PGeo (Ontario), of English River Geoscience Ltd. Dr. Bowdidge is a qualified person, as defined by NI 43-101, and is independent of the company.

Robert Penczak, MSc, PGeo (Ontario), vice-president of exploration for the company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information used in this news release.

About Total Metals Corp.

Total Metals is focused on its 100-per-cent-owned Electrolode project covering over 3,300 contiguous hectares in Northwestern Ontario. The Electrolode project is targeting high-potential critical mineral plus gold resources and targets 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-West Hawk Lake project covering 958 hectares in two gold properties, located along the Trans-Canada Highway straddling the Manitoba/Ontario border. The Purex zone on the High Lake property has significant exploration potential and will be the primary target for initial exploration and potential future mining activities. The West Hawk Lake property comprises a single mineral lease, located within southeastern Manitoba.

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