Mr. Tyler Thorburn reports

TOTAL METALS APPOINTS VETERAN MINING EXECUTIVE DR. ANDREW J. RAMCHARAN (PHD, P.ENG) AS PRESIDENT & CHIEF EXECUTIVE OFFICER AND BOARD DIRECTOR

Total Metals Corp. has appointed Dr. Andrew J. Ramcharan as president and chief executive officer and board director, effective Sept. 22, 2026.

"I have been actively recruiting Andrew to join our executive leadership team for over a year, starting prior to the company's listing on the TSX Venture Exchange," commented outgoing president and CEO Tyler Thorburn. "I am thrilled that he has chosen to join us at this pivotal moment. Andrew is an exceptional leader who brings a 25-year track record of execution and value creation across the Canadian mining sector."

Dr. Andrew J. Ramcharan, PhD, PEng, FAusIMM

Dr. Ramcharan brings 25 years of experience across mining and exploration, corporate development, project evaluation and investment banking. He began his career as a mine planner engineer with Dynatec Corp., contributing to the start-up of the McCreedy and Levack mines in Northern Ontario. He subsequently served as manager, corporate development at Iamgold , where he supported equity financings exceeding $600-million and project acquisitions totalling over $800-million. In 2013, Dr. Ramcharan led the discovery of a major National Instrument 43-101-compliant gold resource exceeding one million ounces in Panama.

His expertise spans investment banking and corporate finance, backed by senior roles at Sprott Resource Lending Corp. and Resource Capital Funds. Throughout his tenure, he conducted over 300 project evaluations and oversaw numerous debt and equity financings. In his recent executive roles within the gold sector, he drove strategic growth initiatives that delivered an eightfold increase in share price across two junior exploration companies within 12 months.

Dr. Ramcharan boasts an equally distinguished academic record. He holds a PhD and an MSc in mining engineering, with prestigious academic credentials from the Colorado School of Mines, the University of Leoben and the Harvard Business School Continuing Education Program. He is a licensed professional engineer (PEng) in Ontario and a fellow of both the Australasian Institute of Mining and Metallurgy (AusIMM) and the South African Institute of Mining and Metallurgy (SAIMM).

Mr. Thorburn

Effective Sept. 22, 2026, Mr. Thorburn will step down from his role as president and CEO and board director.

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 Purdex 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 metres and a depth extension tested between 300 and 1,200 metres.

We seek Safe Harbor.