Mr. Tyler Thorburn reports

TOTAL METALS REPORTS POSITIVE RESULTS AT ITS ELECTROLODE CRITICAL METALS PROJECT - INCLUDING HIGH-GRADE INTERCEPTS UP TO 38.20% ZINC OVER 0.42M AND 3.59% COPPER OVER 1.91M

Total Metals Corp. has released the results of the first 10 drill holes completed on its 8,408-metre, 25-hole winter drilling program at the Electrolode critical metals property, located in Northwestern Ontario in early 2026.

The 3,300-hectare Electrolode property, located 69 kilometres from Ear Falls, in Northwestern Ontario, hosts the Arrow zone with a National Instrument 43-101-compliant current inferred mineral resource with an effective date of June 1, 2025, containing 2.11 million tonnes averaging 0.66 per cent copper, 4.74 per cent zinc, 17.92 grams per tonne silver and 0.66 gram per tonne gold. Other zones have been identified and explored on the property by previous operators, including those in the Copperlode area southwest of Arrow.

Highlights -- Arrow zone:

• New Arrow zone intercepts better than average resource grade with subintervals returning exceptional zinc and copper values;
• Hole EL-26-006 returned 8.40 per cent Zn, 0.40 per cent Cu, 0.35 gram per tonne Au and 21.88 g/t Ag over 4.00 metres core length for the Arrow zone:
  • Includes 20.05 per cent Zn, 0.23 per cent Cu, 0.33 g/t Au and 27.54 g/t Ag over 1.54 m containing an interval of 37.38 per cent Zn over 0.73 m;
• Hole EL-26-006 also returned 7.81 per cent Zn, 1.90 per cent Cu, 0.72 g/t Au and 56.51 g/t Ag over 4.30 m core length for a zone in the hangingwall of the Arrow zone:
  • Includes 16.91 per cent Zn, 3.59 per cent Cu, 1.33 g/t Au and 116.77 g/t Ag over 1.91 m containing an interval of 38.20 per cent Zn over 0.42 m;
• Hole EL-26-003A returned 7.00 per cent Zn, 0.47 per cent Cu, 0.25 g/t Au and 32.73 g/t Ag over 7.18 m core length for the Arrow zone:
  • Includes 20.14 per cent Zn, 0.89 per cent Cu, 0.37 g/t Au and 112.29 g/t Ag over 1.70 m;
• Hole EL-26-004 returned 3.85 per cent Zn, 0.50 per cent Cu, 0.19 g/t Au and 18.59 g/t Ag over 9.75 m core length for the Arrow zone:
  • Includes 20.44 per cent Zn, 0.98 per cent Cu, 0.21 g/t Au and 39.07 g/t Ag over 1.45 m;
• Hole EL-26-002 returned 5.10 per cent Zn, 0.50 per cent Cu, 0.41 g/t Au and 18.21 g/t Ag over 4.55 m core length for the Arrow zone:
• Elevated gallium and indium values for some reported intercepts possibly indicative of potential contribution of additional value to resource.

"These initial results from our winter drill program at Electrolode are highly encouraging and underscore the exceptional potential of the Arrow zone," said Tyler Thorburn, president and chief executive officer of Total Metals. "We are thrilled to see targeted drilling return high-grade zinc intercepts that far exceed our current average resource grade, highlighted by subintervals surpassing 20 per cent zinc. Even more exciting is the highly mineralized zone in the hangingwall that returned significant copper values, including grades up to 3.59 per cent copper. The occurrence of copper-rich mineralization at Arrow, combined with our robust zinc results, points to future potential and adds exciting momentum to the Electrolode project."

Technical details

The 2026 winter drill campaign, initially planned for 5,500 metres with one rig, was activated in late January and was subsequently ramped up to an 8,000-metre program with the addition of a second rig. Drilling ended in mid-April, with 25 holes completed totalling 8,408 metres. The distribution of drill holes targeted two main sectors: the Arrow/Garnet area and the Copperlode area as well as a variety of other targets planned on the basis of compiled geology combined with geophysical 3-D modelling. The main targets on the property are volcanogenic massive sulphide (VMS) deposits, though being cognizant of location in the Red Lake district, prospective structures for gold are also evaluated. The results of drilling completed in the Arrow/Garnet area are the focus of the discussion in this release.

A total of 10 holes were drilled in the Arrow/Garnet area during the 2026 winter drilling program.

Holes EL-26-002, EL-26-003A, EL-26-004 and EL-26-006 targeted the upper edges of the higher-grade core of the deposit. Holes EL-26-005, EL-26-007, EL-26-008A and EL-26-009 were drilled to test the Garnet zone in order to determine whether continuity can be established with Arrow. Hole EL-26-010 was a stepout drilled to test for any continuity of mineralization from the Arrow/Garnet zones farther to the northeast. In addition to testing Arrow and Garnet for zinc, copper, gold and silver, other high-value critical elements, including gallium and indium, were analyzed to determine whether these are potential value contributors to the deposit. Notable intervals for gallium and indium for the Arrow zone intercepts in Table 2, including 71.11 parts per million gallium and 40.15 ppm indium in hole EL-26-002. Further robust analytical and mineralogical work is required to determine the nature of gallium and indium distribution and occurrence as well as determine whether they are potentially recoverable.

Results from the program, shown in Table 2, returned some intervals above the average resource grade for the Arrow zone, with some subintervals returning exceptional high-grade intervals for zinc and copper. The best results for the Arrow zone were from hole EL-26-006, where 8.4 per cent Zn and 0.40 per cent Cu over 4.0 metres are reported for Arrow and 7.81 per cent Zn and 1.90 per cent Cu for a zone in the hangingwall of Arrow.

A brief description highlighting the main mineralized zones in each hole intersecting the Arrow zone is summarized below.

• Hole EL-26-002, from 374.85 to 379.40 m, Arrow zone -- consists of alternating semi-massive to banded sphalerite, pyrite, pyrrhotite, magnetite and chalcopyrite at the top of the interval grading into banded to stringer pyrite-pyrrhotite dominant sulphides toward the bottom of the interval;
• EL-26-003A, from 341.00 to 348.18 m, Arrow zone -- interval begins with a banded to disseminated pyrite-pyrrhotite sphalerite, followed by a 1.38-metre-wide interval of sphalerite-dominant massive sulphide with chalcopyrite and pyrrhotite grading toward semi-massive to patchy sphalerite-rich mineralization with pyrrhotite-pyrite and chalcopyrite; zone ends in stringer sulphides with increasing pyrite-pyrrhotite and decreasing sphalerite-chalcopyrite;
• EL-26-004, from 371.80 to 381.55 m, Arrow zone -- consists of banded to disseminated pyrite, pyrrhotite with sections locally containing chalcopyrite; sphalerite is not significant constituent until mineralization transitions massive sulphide toward the end of the interval where the assemblage mostly consists of sphalerite, pyrrhotite with minor pyrite-chalcopyrite within a 0.45-metre section, which abruptly terminates against the quartz-feldspar porphyry unit;
• EL-26-006, from 409.20 to 413.50 m, hangingwall to Arrow zone -- interval begins as banded to stringer sulphides consisting of pyrrhotite-pyrite with chalcopyrite becoming present as mineralization style changes to semi-massive dominated by sphalerite with more abundant chalcopyrite as it transitions to pyrrhotite-dominated banded sulphide;
• EL-26-006, from 433.00 to 437.00 m, Arrow zone -- consists of banded to stringer pyrrhotite, pyrite and sphalerite transitioning to a massive to semi-massive sulphide interval consisting of sphalerite and pyrite and massive pyrrhotite with minor chalcopyrite toward the footwall downhole.

Assay results from holes targeting the Garnet zone, while returning anomalous values in weakly mineralized intervals, downgraded the potential of the Garnet zone and possibility of continuity with the Arrow zone. The best interval returned for the Garnet zone is 2.93 per cent Zn over 3.17 m in hole EL-26-005. Exploration potential still exists in different plunge directions in the Arrow zone, especially under Garnet Lake.

While waiting for optimal frozen ground conditions to drill the Arrow zone, one hole was drilled to test a concept proposed by the author of the 2025 NI 43-101 technical report. The concept was derived from using different layers of information, including a geology compilation by Noranda Exploration, historic ground EM (electromagnetic) surveys as well as a 2003 Titan-24 MT (magnetotelluric) and DCIP (direct-current induced polarization) survey. The overlapping layers of information presented the possibility of an oblique conductive trend coincident with a sodium depletion anomaly in the footwall of Arrow (Target B). Hole EL-26-001 was drilled to test Target B at an orientation that tests both the conductor and the sodium depletion anomaly. The hole intersected mostly quartz-feldspar porphyry and mafic intrusive through most of the first part of the hole, finally transitioning to a felsic tuff at 347 metres, which is more likely to host VMS-style (volcanogenic massive sulphide) mineralization. The felsic tuff was notably biotite and sericite altered with weak veinlet to disseminated pyrite-pyrrhotite mineralization becoming garnetiferous toward the end of the hole. Two weakly anomalous intervals were noted in the hole, the latter of which contained anomalous zinc in the last three metres of the hole.

Quality assurance/quality control procedures

Protocols for core logging, sampling and QA/QC were developed together with Bayside Geoscience Inc., which managed project site exploration activities on behalf of and under direction of the company during the duration of the winter drilling program. Drilling was contracted to Platinum Diamond Drilling Inc., with NQ2 size core produced. Once the core was logged and marked for sampling, samples were sawn in half. Certified reference material standards and blanks were inserted into the sample sequence on a rotating basis and together combined with sealed samples in zip-tie-secured rice bags and securely delivered by Bayside personnel to Agat Laboratories Ltd. All sample preparation and 30-gram fire assay ICP-OES finish was completed in Thunder Bay and all four-acid digestion and 48 multielement analysis (ICP-OES/ICP-MS finish) was done at Agat's Calgary location. Samples greater than 1 per cent Zn, greater than 1 per cent Cu and greater than 100 g/t Ag were reanalyzed as overlimit with Agat's four-acid metals package (ICP-OES and/or ICP-MS finish). Internal laboratory standards and blanks were also analyzed by Agat and reported with the certified assay results. A selected subset of mineralized sample pulps and additional CRMs (certified reference materials) were shipped and analyzed by a third party lab independent of Agat for further verification.

Qualified person

Robert Penczak, MSc, PGeo (Ontario), vice-president of exploration for the company and a qualified person as defined by NI 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 developing and advancing its high-grade gold and critical mineral assets located in Eastern Canada. 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 and West Hawk Lake projects, 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. The company has an option on the Menary gold property, strategically located in the Kenora mining division of Ontario, sharing a common southern boundary with the Rainy River claims being acquired by Coeur Mining Inc. following its approximately $7-billion (U.S.) acquisition of New Gold Inc. The most recent addition to the company is the Pick Lake property, consisting of 75 claims and a mining lease covering over 5,260 hectares, accessible through a road connected to the Trans-Canada Highway to the south. The Pick Lake critical minerals deposit has an average strike length of approximately 250 m and a depth extension tested between 300 and 1,200 m.

We seek Safe Harbor.